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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$57,040
Monthly savings required$452

How much will it cost to send your child to Minnesota State University Moorhead in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $228,160.76 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $451.53 into a 529 or other college savings plan earning and after tax or tax exempt return of 7% will be necessary to achieve this balance.

Assumptions

Current Annual Cost$21,996.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $451.53 $0.00 $0.00 $451.53
2 $451.53 $451.53 $0.00 $2.55 $905.61
3 $905.61 $451.53 $0.00 $5.12 $1,362.26
4 $1,362.26 $451.53 $0.00 $7.70 $1,821.49
5 $1,821.49 $451.53 $0.00 $10.30 $2,283.32
6 $2,283.32 $451.53 $0.00 $12.91 $2,747.76
7 $2,747.76 $451.53 $0.00 $15.54 $3,214.83
8 $3,214.83 $451.53 $0.00 $18.18 $3,684.54
9 $3,684.54 $451.53 $0.00 $20.83 $4,156.90
10 $4,156.90 $451.53 $0.00 $23.50 $4,631.93
11 $4,631.93 $451.53 $0.00 $26.19 $5,109.65
12 $5,109.65 $451.53 $0.00 $28.89 $5,590.07
13 $5,590.07 $451.53 $0.00 $31.61 $6,073.21
14 $6,073.21 $451.53 $0.00 $34.34 $6,559.08
15 $6,559.08 $451.53 $0.00 $37.09 $7,047.70
16 $7,047.70 $451.53 $0.00 $39.85 $7,539.08
17 $7,539.08 $451.53 $0.00 $42.63 $8,033.24
18 $8,033.24 $451.53 $0.00 $45.42 $8,530.19
19 $8,530.19 $451.53 $0.00 $48.23 $9,029.95
20 $9,029.95 $451.53 $0.00 $51.06 $9,532.54
21 $9,532.54 $451.53 $0.00 $53.90 $10,037.97
22 $10,037.97 $451.53 $0.00 $56.76 $10,546.26
23 $10,546.26 $451.53 $0.00 $59.63 $11,057.42
24 $11,057.42 $451.53 $0.00 $62.52 $11,571.47
25 $11,571.47 $451.53 $0.00 $65.43 $12,088.43
26 $12,088.43 $451.53 $0.00 $68.35 $12,608.31
27 $12,608.31 $451.53 $0.00 $71.29 $13,131.13
28 $13,131.13 $451.53 $0.00 $74.25 $13,656.91
29 $13,656.91 $451.53 $0.00 $77.22 $14,185.66
30 $14,185.66 $451.53 $0.00 $80.21 $14,717.40
31 $14,717.40 $451.53 $0.00 $83.21 $15,252.14
32 $15,252.14 $451.53 $0.00 $86.24 $15,789.91
33 $15,789.91 $451.53 $0.00 $89.28 $16,330.72
34 $16,330.72 $451.53 $0.00 $92.34 $16,874.59
35 $16,874.59 $451.53 $0.00 $95.41 $17,421.53
36 $17,421.53 $451.53 $0.00 $98.50 $17,971.56
37 $17,971.56 $451.53 $0.00 $101.61 $18,524.70
38 $18,524.70 $451.53 $0.00 $104.74 $19,080.97
39 $19,080.97 $451.53 $0.00 $107.89 $19,640.39
40 $19,640.39 $451.53 $0.00 $111.05 $20,202.97
41 $20,202.97 $451.53 $0.00 $114.23 $20,768.73
42 $20,768.73 $451.53 $0.00 $117.43 $21,337.69
43 $21,337.69 $451.53 $0.00 $120.65 $21,909.87
44 $21,909.87 $451.53 $0.00 $123.88 $22,485.28
45 $22,485.28 $451.53 $0.00 $127.14 $23,063.95
46 $23,063.95 $451.53 $0.00 $130.41 $23,645.89
47 $23,645.89 $451.53 $0.00 $133.70 $24,231.12
48 $24,231.12 $451.53 $0.00 $137.01 $24,819.66
49 $24,819.66 $451.53 $0.00 $140.33 $25,411.52
50 $25,411.52 $451.53 $0.00 $143.68 $26,006.73
51 $26,006.73 $451.53 $0.00 $147.05 $26,605.31
52 $26,605.31 $451.53 $0.00 $150.43 $27,207.27
53 $27,207.27 $451.53 $0.00 $153.83 $27,812.63
54 $27,812.63 $451.53 $0.00 $157.26 $28,421.42
55 $28,421.42 $451.53 $0.00 $160.70 $29,033.65
56 $29,033.65 $451.53 $0.00 $164.16 $29,649.34
57 $29,649.34 $451.53 $0.00 $167.64 $30,268.51
58 $30,268.51 $451.53 $0.00 $171.14 $30,891.18
59 $30,891.18 $451.53 $0.00 $174.66 $31,517.37
60 $31,517.37 $451.53 $0.00 $178.20 $32,147.10
61 $32,147.10 $451.53 $0.00 $181.76 $32,780.39
62 $32,780.39 $451.53 $0.00 $185.35 $33,417.27
63 $33,417.27 $451.53 $0.00 $188.95 $34,057.75
64 $34,057.75 $451.53 $0.00 $192.57 $34,701.85
65 $34,701.85 $451.53 $0.00 $196.21 $35,349.59
66 $35,349.59 $451.53 $0.00 $199.87 $36,000.99
67 $36,000.99 $451.53 $0.00 $203.55 $36,656.07
68 $36,656.07 $451.53 $0.00 $207.26 $37,314.86
69 $37,314.86 $451.53 $0.00 $210.98 $37,977.37
70 $37,977.37 $451.53 $0.00 $214.73 $38,643.63
71 $38,643.63 $451.53 $0.00 $218.50 $39,313.66
72 $39,313.66 $451.53 $0.00 $222.29 $39,987.48
73 $39,987.48 $451.53 $0.00 $226.10 $40,665.11
74 $40,665.11 $451.53 $0.00 $229.93 $41,346.57
75 $41,346.57 $451.53 $0.00 $233.78 $42,031.88
76 $42,031.88 $451.53 $0.00 $237.65 $42,721.06
77 $42,721.06 $451.53 $0.00 $241.55 $43,414.14
78 $43,414.14 $451.53 $0.00 $245.47 $44,111.14
79 $44,111.14 $451.53 $0.00 $249.41 $44,812.08
80 $44,812.08 $451.53 $0.00 $253.37 $45,516.98
81 $45,516.98 $451.53 $0.00 $257.36 $46,225.87
82 $46,225.87 $451.53 $0.00 $261.37 $46,938.77
83 $46,938.77 $451.53 $0.00 $265.40 $47,655.70
84 $47,655.70 $451.53 $0.00 $269.45 $48,376.68
85 $48,376.68 $451.53 $0.00 $273.53 $49,101.74
86 $49,101.74 $451.53 $0.00 $277.63 $49,830.90
87 $49,830.90 $451.53 $0.00 $281.75 $50,564.18
88 $50,564.18 $451.53 $0.00 $285.90 $51,301.61
89 $51,301.61 $451.53 $0.00 $290.07 $52,043.21
90 $52,043.21 $451.53 $0.00 $294.26 $52,789.00
91 $52,789.00 $451.53 $0.00 $298.48 $53,539.01
92 $53,539.01 $451.53 $0.00 $302.72 $54,293.26
93 $54,293.26 $451.53 $0.00 $306.98 $55,051.77
94 $55,051.77 $451.53 $0.00 $311.27 $55,814.57
95 $55,814.57 $451.53 $0.00 $315.58 $56,581.68
96 $56,581.68 $451.53 $0.00 $319.92 $57,353.13
97 $57,353.13 $451.53 $0.00 $324.28 $58,128.94
98 $58,128.94 $451.53 $0.00 $328.67 $58,909.14
99 $58,909.14 $451.53 $0.00 $333.08 $59,693.75
100 $59,693.75 $451.53 $0.00 $337.52 $60,482.80
101 $60,482.80 $451.53 $0.00 $341.98 $61,276.31
102 $61,276.31 $451.53 $0.00 $346.47 $62,074.31
103 $62,074.31 $451.53 $0.00 $350.98 $62,876.82
104 $62,876.82 $451.53 $0.00 $355.51 $63,683.86
105 $63,683.86 $451.53 $0.00 $360.08 $64,495.47
106 $64,495.47 $451.53 $0.00 $364.67 $65,311.67
107 $65,311.67 $451.53 $0.00 $369.28 $66,132.48
108 $66,132.48 $451.53 $0.00 $373.92 $66,957.93
109 $66,957.93 $451.53 $0.00 $378.59 $67,788.05
110 $67,788.05 $451.53 $0.00 $383.28 $68,622.86
111 $68,622.86 $451.53 $0.00 $388.00 $69,462.39
112 $69,462.39 $451.53 $0.00 $392.75 $70,306.67
113 $70,306.67 $451.53 $0.00 $397.52 $71,155.72
114 $71,155.72 $451.53 $0.00 $402.32 $72,009.57
115 $72,009.57 $451.53 $0.00 $407.15 $72,868.25
116 $72,868.25 $451.53 $0.00 $412.01 $73,731.79
117 $73,731.79 $451.53 $0.00 $416.89 $74,600.21
118 $74,600.21 $451.53 $0.00 $421.80 $75,473.54
119 $75,473.54 $451.53 $0.00 $426.74 $76,351.81
120 $76,351.81 $451.53 $0.00 $431.70 $77,235.04
121 $77,235.04 $451.53 $0.00 $436.70 $78,123.27
122 $78,123.27 $451.53 $0.00 $441.72 $79,016.52
123 $79,016.52 $451.53 $0.00 $446.77 $79,914.82
124 $79,914.82 $451.53 $0.00 $451.85 $80,818.20
125 $80,818.20 $451.53 $0.00 $456.96 $81,726.69
126 $81,726.69 $451.53 $0.00 $462.09 $82,640.31
127 $82,640.31 $451.53 $0.00 $467.26 $83,559.10
128 $83,559.10 $451.53 $0.00 $472.46 $84,483.09
129 $84,483.09 $451.53 $0.00 $477.68 $85,412.30
130 $85,412.30 $451.53 $0.00 $482.93 $86,346.76
131 $86,346.76 $451.53 $0.00 $488.22 $87,286.51
132 $87,286.51 $451.53 $0.00 $493.53 $88,231.57
133 $88,231.57 $451.53 $0.00 $498.87 $89,181.97
134 $89,181.97 $451.53 $0.00 $504.25 $90,137.75
135 $90,137.75 $451.53 $0.00 $509.65 $91,098.93
136 $91,098.93 $451.53 $0.00 $515.09 $92,065.55
137 $92,065.55 $451.53 $0.00 $520.55 $93,037.63
138 $93,037.63 $451.53 $0.00 $526.05 $94,015.21
139 $94,015.21 $451.53 $0.00 $531.58 $94,998.32
140 $94,998.32 $451.53 $0.00 $537.13 $95,986.98
141 $95,986.98 $451.53 $0.00 $542.72 $96,981.23
142 $96,981.23 $451.53 $0.00 $548.35 $97,981.11
143 $97,981.11 $451.53 $0.00 $554.00 $98,986.64
144 $98,986.64 $451.53 $0.00 $559.68 $99,997.85
145 $99,997.85 $451.53 $0.00 $565.40 $101,014.78
146 $101,014.78 $451.53 $0.00 $571.15 $102,037.46
147 $102,037.46 $451.53 $0.00 $576.93 $103,065.92
148 $103,065.92 $451.53 $0.00 $582.75 $104,100.20
149 $104,100.20 $451.53 $0.00 $588.60 $105,140.33
150 $105,140.33 $451.53 $0.00 $594.48 $106,186.34
151 $106,186.34 $451.53 $0.00 $600.39 $107,238.26
152 $107,238.26 $451.53 $0.00 $606.34 $108,296.13
153 $108,296.13 $451.53 $0.00 $612.32 $109,359.98
154 $109,359.98 $451.53 $0.00 $618.34 $110,429.85
155 $110,429.85 $451.53 $0.00 $624.39 $111,505.77
156 $111,505.77 $451.53 $0.00 $630.47 $112,587.77
157 $112,587.77 $451.53 $0.00 $636.59 $113,675.89
158 $113,675.89 $451.53 $0.00 $642.74 $114,770.16
159 $114,770.16 $451.53 $0.00 $648.93 $115,870.62
160 $115,870.62 $451.53 $0.00 $655.15 $116,977.30
161 $116,977.30 $451.53 $0.00 $661.41 $118,090.24
162 $118,090.24 $451.53 $0.00 $667.70 $119,209.47
163 $119,209.47 $451.53 $0.00 $674.03 $120,335.03
164 $120,335.03 $451.53 $0.00 $680.39 $121,466.95
165 $121,466.95 $451.53 $0.00 $686.79 $122,605.27
166 $122,605.27 $451.53 $0.00 $693.23 $123,750.03
167 $123,750.03 $451.53 $0.00 $699.70 $124,901.26
168 $124,901.26 $451.53 $0.00 $706.21 $126,059.00
169 $126,059.00 $451.53 $0.00 $712.76 $127,223.29
170 $127,223.29 $451.53 $0.00 $719.34 $128,394.16
171 $128,394.16 $451.53 $0.00 $725.96 $129,571.65
172 $129,571.65 $451.53 $0.00 $732.62 $130,755.80
173 $130,755.80 $451.53 $0.00 $739.31 $131,946.64
174 $131,946.64 $451.53 $0.00 $746.05 $133,144.22
175 $133,144.22 $451.53 $0.00 $752.82 $134,348.57
176 $134,348.57 $451.53 $0.00 $759.63 $135,559.73
177 $135,559.73 $451.53 $0.00 $766.47 $136,777.73
178 $136,777.73 $451.53 $0.00 $773.36 $138,002.62
179 $138,002.62 $451.53 $0.00 $780.29 $139,234.44
180 $139,234.44 $451.53 $0.00 $787.25 $140,473.22
181 $140,473.22 $451.53 $0.00 $794.26 $141,719.01
182 $141,719.01 $451.53 $0.00 $801.30 $142,971.84
183 $142,971.84 $451.53 $0.00 $808.38 $144,231.75
184 $144,231.75 $451.53 $0.00 $815.51 $145,498.79
185 $145,498.79 $451.53 $0.00 $822.67 $146,772.99
186 $146,772.99 $451.53 $0.00 $829.88 $148,054.40
187 $148,054.40 $451.53 $0.00 $837.12 $149,343.05
188 $149,343.05 $451.53 $0.00 $844.41 $150,638.99
189 $150,638.99 $451.53 $0.00 $851.73 $151,942.25
190 $151,942.25 $451.53 $0.00 $859.10 $153,252.88
191 $153,252.88 $451.53 $0.00 $866.51 $154,570.92
192 $154,570.92 $451.53 $0.00 $873.97 $155,896.42
193 $155,896.42 $451.53 $0.00 $881.46 $157,229.41
194 $157,229.41 $451.53 $0.00 $889.00 $158,569.94
195 $158,569.94 $451.53 $0.00 $896.58 $159,918.05
196 $159,918.05 $451.53 $0.00 $904.20 $161,273.78
197 $161,273.78 $451.53 $0.00 $911.87 $162,637.18
198 $162,637.18 $451.53 $0.00 $919.57 $164,008.28
199 $164,008.28 $451.53 $0.00 $927.33 $165,387.14
200 $165,387.14 $451.53 $0.00 $935.12 $166,773.79
201 $166,773.79 $451.53 $0.00 $942.96 $168,168.28
202 $168,168.28 $451.53 $0.00 $950.85 $169,570.66
203 $169,570.66 $451.53 $0.00 $958.78 $170,980.97
204 $170,980.97 $451.53 $0.00 $966.75 $172,399.25
205 $172,399.25 $451.53 $0.00 $974.77 $173,825.55
206 $173,825.55 $451.53 $0.00 $982.83 $175,259.91
207 $175,259.91 $451.53 $0.00 $990.95 $176,702.39
208 $176,702.39 $451.53 $0.00 $999.10 $178,153.02
209 $178,153.02 $451.53 $0.00 $1,007.30 $179,611.85
210 $179,611.85 $451.53 $0.00 $1,015.55 $181,078.93
211 $181,078.93 $451.53 $0.00 $1,023.85 $182,554.31
212 $182,554.31 $451.53 $0.00 $1,032.19 $184,038.03
213 $184,038.03 $451.53 $0.00 $1,040.58 $185,530.14
214 $185,530.14 $451.53 $0.00 $1,049.01 $187,030.68
215 $187,030.68 $451.53 $0.00 $1,057.50 $188,539.71
216 $188,539.71 $451.53 $0.00 $1,066.03 $190,057.27
217 $190,057.27 $451.53 $52,936.00 $1,074.61 $138,647.41
218 $138,647.41 $451.53 $0.00 $783.93 $139,882.87
219 $139,882.87 $451.53 $0.00 $790.92 $141,125.32
220 $141,125.32 $451.53 $0.00 $797.94 $142,374.79
221 $142,374.79 $451.53 $0.00 $805.01 $143,631.33
222 $143,631.33 $451.53 $0.00 $812.11 $144,894.97
223 $144,894.97 $451.53 $0.00 $819.26 $146,165.76
224 $146,165.76 $451.53 $0.00 $826.44 $147,443.73
225 $147,443.73 $451.53 $0.00 $833.67 $148,728.93
226 $148,728.93 $451.53 $0.00 $840.93 $150,021.39
227 $150,021.39 $451.53 $0.00 $848.24 $151,321.16
228 $151,321.16 $451.53 $0.00 $855.59 $152,628.28
229 $152,628.28 $451.53 $55,582.80 $862.98 $98,359.99
230 $98,359.99 $451.53 $0.00 $556.14 $99,367.66
231 $99,367.66 $451.53 $0.00 $561.84 $100,381.03
232 $100,381.03 $451.53 $0.00 $567.57 $101,400.13
233 $101,400.13 $451.53 $0.00 $573.33 $102,424.99
234 $102,424.99 $451.53 $0.00 $579.13 $103,455.65
235 $103,455.65 $451.53 $0.00 $584.95 $104,492.13
236 $104,492.13 $451.53 $0.00 $590.81 $105,534.47
237 $105,534.47 $451.53 $0.00 $596.71 $106,582.71
238 $106,582.71 $451.53 $0.00 $602.63 $107,636.87
239 $107,636.87 $451.53 $0.00 $608.59 $108,696.99
240 $108,696.99 $451.53 $0.00 $614.59 $109,763.11
241 $109,763.11 $451.53 $58,361.94 $620.62 $52,473.32
242 $52,473.32 $451.53 $0.00 $296.69 $53,221.54
243 $53,221.54 $451.53 $0.00 $300.92 $53,973.99
244 $53,973.99 $451.53 $0.00 $305.18 $54,730.70
245 $54,730.70 $451.53 $0.00 $309.46 $55,491.69
246 $55,491.69 $451.53 $0.00 $313.76 $56,256.98
247 $56,256.98 $451.53 $0.00 $318.09 $57,026.60
248 $57,026.60 $451.53 $0.00 $322.44 $57,800.57
249 $57,800.57 $451.53 $0.00 $326.81 $58,578.91
250 $58,578.91 $451.53 $0.00 $331.21 $59,361.65
251 $59,361.65 $451.53 $0.00 $335.64 $60,148.82
252 $60,148.82 $451.53 $0.00 $340.09 $60,940.44
253 $60,940.44 $0.00 $61,280.03 $344.57 $4.98