Savings Plan and Future Cost Estimation for University of Minnesota Crookston

How much will it cost and what do you need to save?

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$62,787
Monthly savings required$497

How much will it cost to send your child to University of Minnesota Crookston in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $251,146.95 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $497.01 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$24,212.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford University of Minnesota Crookston in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $497.01 $0.00 $0.00 $497.01
2 $497.01 $497.01 $0.00 $2.81 $996.83
3 $996.83 $497.01 $0.00 $5.64 $1,499.48
4 $1,499.48 $497.01 $0.00 $8.48 $2,004.97
5 $2,004.97 $497.01 $0.00 $11.34 $2,513.32
6 $2,513.32 $497.01 $0.00 $14.21 $3,024.54
7 $3,024.54 $497.01 $0.00 $17.10 $3,538.65
8 $3,538.65 $497.01 $0.00 $20.01 $4,055.67
9 $4,055.67 $497.01 $0.00 $22.93 $4,575.61
10 $4,575.61 $497.01 $0.00 $25.87 $5,098.49
11 $5,098.49 $497.01 $0.00 $28.83 $5,624.33
12 $5,624.33 $497.01 $0.00 $31.80 $6,153.14
13 $6,153.14 $497.01 $0.00 $34.79 $6,684.94
14 $6,684.94 $497.01 $0.00 $37.80 $7,219.75
15 $7,219.75 $497.01 $0.00 $40.82 $7,757.58
16 $7,757.58 $497.01 $0.00 $43.86 $8,298.45
17 $8,298.45 $497.01 $0.00 $46.92 $8,842.38
18 $8,842.38 $497.01 $0.00 $50.00 $9,389.39
19 $9,389.39 $497.01 $0.00 $53.09 $9,939.49
20 $9,939.49 $497.01 $0.00 $56.20 $10,492.70
21 $10,492.70 $497.01 $0.00 $59.33 $11,049.04
22 $11,049.04 $497.01 $0.00 $62.47 $11,608.52
23 $11,608.52 $497.01 $0.00 $65.64 $12,171.17
24 $12,171.17 $497.01 $0.00 $68.82 $12,737.00
25 $12,737.00 $497.01 $0.00 $72.02 $13,306.03
26 $13,306.03 $497.01 $0.00 $75.23 $13,878.27
27 $13,878.27 $497.01 $0.00 $78.47 $14,453.75
28 $14,453.75 $497.01 $0.00 $81.72 $15,032.48
29 $15,032.48 $497.01 $0.00 $85.00 $15,614.49
30 $15,614.49 $497.01 $0.00 $88.29 $16,199.79
31 $16,199.79 $497.01 $0.00 $91.60 $16,788.40
32 $16,788.40 $497.01 $0.00 $94.92 $17,380.33
33 $17,380.33 $497.01 $0.00 $98.27 $17,975.61
34 $17,975.61 $497.01 $0.00 $101.64 $18,574.26
35 $18,574.26 $497.01 $0.00 $105.02 $19,176.29
36 $19,176.29 $497.01 $0.00 $108.43 $19,781.73
37 $19,781.73 $497.01 $0.00 $111.85 $20,390.59
38 $20,390.59 $497.01 $0.00 $115.29 $21,002.89
39 $21,002.89 $497.01 $0.00 $118.75 $21,618.65
40 $21,618.65 $497.01 $0.00 $122.23 $22,237.89
41 $22,237.89 $497.01 $0.00 $125.74 $22,860.64
42 $22,860.64 $497.01 $0.00 $129.26 $23,486.91
43 $23,486.91 $497.01 $0.00 $132.80 $24,116.72
44 $24,116.72 $497.01 $0.00 $136.36 $24,750.09
45 $24,750.09 $497.01 $0.00 $139.94 $25,387.04
46 $25,387.04 $497.01 $0.00 $143.54 $26,027.59
47 $26,027.59 $497.01 $0.00 $147.16 $26,671.76
48 $26,671.76 $497.01 $0.00 $150.81 $27,319.58
49 $27,319.58 $497.01 $0.00 $154.47 $27,971.06
50 $27,971.06 $497.01 $0.00 $158.15 $28,626.22
51 $28,626.22 $497.01 $0.00 $161.86 $29,285.09
52 $29,285.09 $497.01 $0.00 $165.58 $29,947.68
53 $29,947.68 $497.01 $0.00 $169.33 $30,614.02
54 $30,614.02 $497.01 $0.00 $173.10 $31,284.13
55 $31,284.13 $497.01 $0.00 $176.89 $31,958.03
56 $31,958.03 $497.01 $0.00 $180.70 $32,635.74
57 $32,635.74 $497.01 $0.00 $184.53 $33,317.28
58 $33,317.28 $497.01 $0.00 $188.38 $34,002.67
59 $34,002.67 $497.01 $0.00 $192.26 $34,691.94
60 $34,691.94 $497.01 $0.00 $196.15 $35,385.10
61 $35,385.10 $497.01 $0.00 $200.07 $36,082.18
62 $36,082.18 $497.01 $0.00 $204.01 $36,783.20
63 $36,783.20 $497.01 $0.00 $207.98 $37,488.19
64 $37,488.19 $497.01 $0.00 $211.96 $38,197.16
65 $38,197.16 $497.01 $0.00 $215.97 $38,910.14
66 $38,910.14 $497.01 $0.00 $220.00 $39,627.15
67 $39,627.15 $497.01 $0.00 $224.06 $40,348.22
68 $40,348.22 $497.01 $0.00 $228.13 $41,073.36
69 $41,073.36 $497.01 $0.00 $232.23 $41,802.60
70 $41,802.60 $497.01 $0.00 $236.36 $42,535.97
71 $42,535.97 $497.01 $0.00 $240.50 $43,273.48
72 $43,273.48 $497.01 $0.00 $244.67 $44,015.16
73 $44,015.16 $497.01 $0.00 $248.87 $44,761.04
74 $44,761.04 $497.01 $0.00 $253.09 $45,511.14
75 $45,511.14 $497.01 $0.00 $257.33 $46,265.48
76 $46,265.48 $497.01 $0.00 $261.59 $47,024.08
77 $47,024.08 $497.01 $0.00 $265.88 $47,786.97
78 $47,786.97 $497.01 $0.00 $270.19 $48,554.17
79 $48,554.17 $497.01 $0.00 $274.53 $49,325.71
80 $49,325.71 $497.01 $0.00 $278.89 $50,101.61
81 $50,101.61 $497.01 $0.00 $283.28 $50,881.90
82 $50,881.90 $497.01 $0.00 $287.69 $51,666.60
83 $51,666.60 $497.01 $0.00 $292.13 $52,455.74
84 $52,455.74 $497.01 $0.00 $296.59 $53,249.34
85 $53,249.34 $497.01 $0.00 $301.08 $54,047.43
86 $54,047.43 $497.01 $0.00 $305.59 $54,850.03
87 $54,850.03 $497.01 $0.00 $310.13 $55,657.17
88 $55,657.17 $497.01 $0.00 $314.69 $56,468.87
89 $56,468.87 $497.01 $0.00 $319.28 $57,285.16
90 $57,285.16 $497.01 $0.00 $323.90 $58,106.07
91 $58,106.07 $497.01 $0.00 $328.54 $58,931.62
92 $58,931.62 $497.01 $0.00 $333.21 $59,761.84
93 $59,761.84 $497.01 $0.00 $337.90 $60,596.75
94 $60,596.75 $497.01 $0.00 $342.62 $61,436.38
95 $61,436.38 $497.01 $0.00 $347.37 $62,280.76
96 $62,280.76 $497.01 $0.00 $352.14 $63,129.91
97 $63,129.91 $497.01 $0.00 $356.95 $63,983.87
98 $63,983.87 $497.01 $0.00 $361.77 $64,842.65
99 $64,842.65 $497.01 $0.00 $366.63 $65,706.29
100 $65,706.29 $497.01 $0.00 $371.51 $66,574.81
101 $66,574.81 $497.01 $0.00 $376.42 $67,448.24
102 $67,448.24 $497.01 $0.00 $381.36 $68,326.61
103 $68,326.61 $497.01 $0.00 $386.33 $69,209.95
104 $69,209.95 $497.01 $0.00 $391.32 $70,098.28
105 $70,098.28 $497.01 $0.00 $396.35 $70,991.64
106 $70,991.64 $497.01 $0.00 $401.40 $71,890.05
107 $71,890.05 $497.01 $0.00 $406.48 $72,793.54
108 $72,793.54 $497.01 $0.00 $411.59 $73,702.14
109 $73,702.14 $497.01 $0.00 $416.72 $74,615.87
110 $74,615.87 $497.01 $0.00 $421.89 $75,534.77
111 $75,534.77 $497.01 $0.00 $427.08 $76,458.86
112 $76,458.86 $497.01 $0.00 $432.31 $77,388.18
113 $77,388.18 $497.01 $0.00 $437.56 $78,322.75
114 $78,322.75 $497.01 $0.00 $442.85 $79,262.61
115 $79,262.61 $497.01 $0.00 $448.16 $80,207.78
116 $80,207.78 $497.01 $0.00 $453.51 $81,158.30
117 $81,158.30 $497.01 $0.00 $458.88 $82,114.19
118 $82,114.19 $497.01 $0.00 $464.29 $83,075.49
119 $83,075.49 $497.01 $0.00 $469.72 $84,042.22
120 $84,042.22 $497.01 $0.00 $475.19 $85,014.42
121 $85,014.42 $497.01 $0.00 $480.68 $85,992.11
122 $85,992.11 $497.01 $0.00 $486.21 $86,975.33
123 $86,975.33 $497.01 $0.00 $491.77 $87,964.11
124 $87,964.11 $497.01 $0.00 $497.36 $88,958.48
125 $88,958.48 $497.01 $0.00 $502.98 $89,958.47
126 $89,958.47 $497.01 $0.00 $508.64 $90,964.12
127 $90,964.12 $497.01 $0.00 $514.32 $91,975.45
128 $91,975.45 $497.01 $0.00 $520.04 $92,992.50
129 $92,992.50 $497.01 $0.00 $525.79 $94,015.30
130 $94,015.30 $497.01 $0.00 $531.58 $95,043.89
131 $95,043.89 $497.01 $0.00 $537.39 $96,078.29
132 $96,078.29 $497.01 $0.00 $543.24 $97,118.54
133 $97,118.54 $497.01 $0.00 $549.12 $98,164.67
134 $98,164.67 $497.01 $0.00 $555.04 $99,216.72
135 $99,216.72 $497.01 $0.00 $560.99 $100,274.72
136 $100,274.72 $497.01 $0.00 $566.97 $101,338.70
137 $101,338.70 $497.01 $0.00 $572.98 $102,408.69
138 $102,408.69 $497.01 $0.00 $579.03 $103,484.73
139 $103,484.73 $497.01 $0.00 $585.12 $104,566.86
140 $104,566.86 $497.01 $0.00 $591.24 $105,655.11
141 $105,655.11 $497.01 $0.00 $597.39 $106,749.51
142 $106,749.51 $497.01 $0.00 $603.58 $107,850.10
143 $107,850.10 $497.01 $0.00 $609.80 $108,956.91
144 $108,956.91 $497.01 $0.00 $616.06 $110,069.98
145 $110,069.98 $497.01 $0.00 $622.35 $111,189.34
146 $111,189.34 $497.01 $0.00 $628.68 $112,315.03
147 $112,315.03 $497.01 $0.00 $635.05 $113,447.09
148 $113,447.09 $497.01 $0.00 $641.45 $114,585.55
149 $114,585.55 $497.01 $0.00 $647.88 $115,730.44
150 $115,730.44 $497.01 $0.00 $654.36 $116,881.81
151 $116,881.81 $497.01 $0.00 $660.87 $118,039.69
152 $118,039.69 $497.01 $0.00 $667.41 $119,204.11
153 $119,204.11 $497.01 $0.00 $674.00 $120,375.12
154 $120,375.12 $497.01 $0.00 $680.62 $121,552.75
155 $121,552.75 $497.01 $0.00 $687.28 $122,737.04
156 $122,737.04 $497.01 $0.00 $693.97 $123,928.02
157 $123,928.02 $497.01 $0.00 $700.71 $125,125.74
158 $125,125.74 $497.01 $0.00 $707.48 $126,330.23
159 $126,330.23 $497.01 $0.00 $714.29 $127,541.53
160 $127,541.53 $497.01 $0.00 $721.14 $128,759.68
161 $128,759.68 $497.01 $0.00 $728.03 $129,984.72
162 $129,984.72 $497.01 $0.00 $734.95 $131,216.68
163 $131,216.68 $497.01 $0.00 $741.92 $132,455.61
164 $132,455.61 $497.01 $0.00 $748.92 $133,701.54
165 $133,701.54 $497.01 $0.00 $755.97 $134,954.52
166 $134,954.52 $497.01 $0.00 $763.05 $136,214.58
167 $136,214.58 $497.01 $0.00 $770.18 $137,481.77
168 $137,481.77 $497.01 $0.00 $777.34 $138,756.12
169 $138,756.12 $497.01 $0.00 $784.55 $140,037.68
170 $140,037.68 $497.01 $0.00 $791.79 $141,326.48
171 $141,326.48 $497.01 $0.00 $799.08 $142,622.57
172 $142,622.57 $497.01 $0.00 $806.41 $143,925.99
173 $143,925.99 $497.01 $0.00 $813.78 $145,236.78
174 $145,236.78 $497.01 $0.00 $821.19 $146,554.98
175 $146,554.98 $497.01 $0.00 $828.64 $147,880.63
176 $147,880.63 $497.01 $0.00 $836.14 $149,213.78
177 $149,213.78 $497.01 $0.00 $843.68 $150,554.47
178 $150,554.47 $497.01 $0.00 $851.26 $151,902.74
179 $151,902.74 $497.01 $0.00 $858.88 $153,258.63
180 $153,258.63 $497.01 $0.00 $866.55 $154,622.19
181 $154,622.19 $497.01 $0.00 $874.26 $155,993.46
182 $155,993.46 $497.01 $0.00 $882.01 $157,372.48
183 $157,372.48 $497.01 $0.00 $889.81 $158,759.30
184 $158,759.30 $497.01 $0.00 $897.65 $160,153.96
185 $160,153.96 $497.01 $0.00 $905.53 $161,556.50
186 $161,556.50 $497.01 $0.00 $913.46 $162,966.97
187 $162,966.97 $497.01 $0.00 $921.44 $164,385.42
188 $164,385.42 $497.01 $0.00 $929.46 $165,811.89
189 $165,811.89 $497.01 $0.00 $937.52 $167,246.42
190 $167,246.42 $497.01 $0.00 $945.64 $168,689.07
191 $168,689.07 $497.01 $0.00 $953.79 $170,139.87
192 $170,139.87 $497.01 $0.00 $962.00 $171,598.88
193 $171,598.88 $497.01 $0.00 $970.25 $173,066.14
194 $173,066.14 $497.01 $0.00 $978.54 $174,541.69
195 $174,541.69 $497.01 $0.00 $986.88 $176,025.58
196 $176,025.58 $497.01 $0.00 $995.27 $177,517.86
197 $177,517.86 $497.01 $0.00 $1,003.71 $179,018.58
198 $179,018.58 $497.01 $0.00 $1,012.20 $180,527.79
199 $180,527.79 $497.01 $0.00 $1,020.73 $182,045.53
200 $182,045.53 $497.01 $0.00 $1,029.31 $183,571.85
201 $183,571.85 $497.01 $0.00 $1,037.94 $185,106.80
202 $185,106.80 $497.01 $0.00 $1,046.62 $186,650.43
203 $186,650.43 $497.01 $0.00 $1,055.35 $188,202.79
204 $188,202.79 $497.01 $0.00 $1,064.13 $189,763.93
205 $189,763.93 $497.01 $0.00 $1,072.95 $191,333.89
206 $191,333.89 $497.01 $0.00 $1,081.83 $192,912.73
207 $192,912.73 $497.01 $0.00 $1,090.76 $194,500.50
208 $194,500.50 $497.01 $0.00 $1,099.73 $196,097.24
209 $196,097.24 $497.01 $0.00 $1,108.76 $197,703.01
210 $197,703.01 $497.01 $0.00 $1,117.84 $199,317.86
211 $199,317.86 $497.01 $0.00 $1,126.97 $200,941.84
212 $200,941.84 $497.01 $0.00 $1,136.15 $202,575.00
213 $202,575.00 $497.01 $0.00 $1,145.39 $204,217.40
214 $204,217.40 $497.01 $0.00 $1,154.67 $205,869.08
215 $205,869.08 $497.01 $0.00 $1,164.01 $207,530.10
216 $207,530.10 $497.01 $0.00 $1,173.41 $209,200.52
217 $209,200.52 $497.01 $58,269.06 $1,182.85 $152,611.32
218 $152,611.32 $497.01 $0.00 $862.89 $153,971.22
219 $153,971.22 $497.01 $0.00 $870.58 $155,338.81
220 $155,338.81 $497.01 $0.00 $878.31 $156,714.13
221 $156,714.13 $497.01 $0.00 $886.08 $158,097.22
222 $158,097.22 $497.01 $0.00 $893.90 $159,488.13
223 $159,488.13 $497.01 $0.00 $901.77 $160,886.91
224 $160,886.91 $497.01 $0.00 $909.68 $162,293.60
225 $162,293.60 $497.01 $0.00 $917.63 $163,708.24
226 $163,708.24 $497.01 $0.00 $925.63 $165,130.88
227 $165,130.88 $497.01 $0.00 $933.67 $166,561.56
228 $166,561.56 $497.01 $0.00 $941.76 $168,000.33
229 $168,000.33 $497.01 $61,182.52 $949.90 $108,264.72
230 $108,264.72 $497.01 $0.00 $612.14 $109,373.87
231 $109,373.87 $497.01 $0.00 $618.42 $110,489.30
232 $110,489.30 $497.01 $0.00 $624.72 $111,611.03
233 $111,611.03 $497.01 $0.00 $631.06 $112,739.10
234 $112,739.10 $497.01 $0.00 $637.44 $113,873.55
235 $113,873.55 $497.01 $0.00 $643.86 $115,014.42
236 $115,014.42 $497.01 $0.00 $650.31 $116,161.74
237 $116,161.74 $497.01 $0.00 $656.80 $117,315.55
238 $117,315.55 $497.01 $0.00 $663.32 $118,475.88
239 $118,475.88 $497.01 $0.00 $669.88 $119,642.77
240 $119,642.77 $497.01 $0.00 $676.48 $120,816.26
241 $120,816.26 $497.01 $64,241.64 $683.11 $57,754.74
242 $57,754.74 $497.01 $0.00 $326.55 $58,578.30
243 $58,578.30 $497.01 $0.00 $331.21 $59,406.52
244 $59,406.52 $497.01 $0.00 $335.89 $60,239.42
245 $60,239.42 $497.01 $0.00 $340.60 $61,077.03
246 $61,077.03 $497.01 $0.00 $345.34 $61,919.38
247 $61,919.38 $497.01 $0.00 $350.10 $62,766.49
248 $62,766.49 $497.01 $0.00 $354.89 $63,618.39
249 $63,618.39 $497.01 $0.00 $359.71 $64,475.11
250 $64,475.11 $497.01 $0.00 $364.55 $65,336.67
251 $65,336.67 $497.01 $0.00 $369.42 $66,203.10
252 $66,203.10 $497.01 $0.00 $374.32 $67,074.43
253 $67,074.43 $0.00 $67,453.73 $379.25 ($0.05)