Estimated Annual Cost in 2042 | $102,076 |
Monthly savings required | $807 |
How much will it cost to send your child to University of Minnesota Duluth in 18 years and how much do you need to save? A 4 year degree is estimated to be priced at $408,302.47 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $806.73 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.
Current Annual Cost | $27,208.00 |
Years until enrollment | 18 |
Annual Tuition Increase | 7% |
Current Savings | $0.00 |
After Tax Return on Savings | 7% |
Years of enrollment | 4 |
Discover how much will you need to start saving now to afford University of Minnesota Duluth in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $806.73 | $0.00 | $0.00 | $806.73 |
2 | $806.73 | $806.73 | $0.00 | $4.56 | $1,618.02 |
3 | $1,618.02 | $806.73 | $0.00 | $9.15 | $2,433.90 |
4 | $2,433.90 | $806.73 | $0.00 | $13.76 | $3,254.39 |
5 | $3,254.39 | $806.73 | $0.00 | $18.40 | $4,079.52 |
6 | $4,079.52 | $806.73 | $0.00 | $23.07 | $4,909.32 |
7 | $4,909.32 | $806.73 | $0.00 | $27.76 | $5,743.81 |
8 | $5,743.81 | $806.73 | $0.00 | $32.48 | $6,583.02 |
9 | $6,583.02 | $806.73 | $0.00 | $37.22 | $7,426.97 |
10 | $7,426.97 | $806.73 | $0.00 | $41.99 | $8,275.69 |
11 | $8,275.69 | $806.73 | $0.00 | $46.79 | $9,129.21 |
12 | $9,129.21 | $806.73 | $0.00 | $51.62 | $9,987.56 |
13 | $9,987.56 | $806.73 | $0.00 | $56.47 | $10,850.76 |
14 | $10,850.76 | $806.73 | $0.00 | $61.35 | $11,718.84 |
15 | $11,718.84 | $806.73 | $0.00 | $66.26 | $12,591.83 |
16 | $12,591.83 | $806.73 | $0.00 | $71.20 | $13,469.76 |
17 | $13,469.76 | $806.73 | $0.00 | $76.16 | $14,352.65 |
18 | $14,352.65 | $806.73 | $0.00 | $81.15 | $15,240.53 |
19 | $15,240.53 | $806.73 | $0.00 | $86.17 | $16,133.43 |
20 | $16,133.43 | $806.73 | $0.00 | $91.22 | $17,031.38 |
21 | $17,031.38 | $806.73 | $0.00 | $96.30 | $17,934.41 |
22 | $17,934.41 | $806.73 | $0.00 | $101.40 | $18,842.54 |
23 | $18,842.54 | $806.73 | $0.00 | $106.54 | $19,755.81 |
24 | $19,755.81 | $806.73 | $0.00 | $111.70 | $20,674.24 |
25 | $20,674.24 | $806.73 | $0.00 | $116.90 | $21,597.87 |
26 | $21,597.87 | $806.73 | $0.00 | $122.12 | $22,526.72 |
27 | $22,526.72 | $806.73 | $0.00 | $127.37 | $23,460.82 |
28 | $23,460.82 | $806.73 | $0.00 | $132.65 | $24,400.20 |
29 | $24,400.20 | $806.73 | $0.00 | $137.96 | $25,344.89 |
30 | $25,344.89 | $806.73 | $0.00 | $143.30 | $26,294.92 |
31 | $26,294.92 | $806.73 | $0.00 | $148.68 | $27,250.33 |
32 | $27,250.33 | $806.73 | $0.00 | $154.08 | $28,211.14 |
33 | $28,211.14 | $806.73 | $0.00 | $159.51 | $29,177.38 |
34 | $29,177.38 | $806.73 | $0.00 | $164.97 | $30,149.08 |
35 | $30,149.08 | $806.73 | $0.00 | $170.47 | $31,126.28 |
36 | $31,126.28 | $806.73 | $0.00 | $175.99 | $32,109.00 |
37 | $32,109.00 | $806.73 | $0.00 | $181.55 | $33,097.28 |
38 | $33,097.28 | $806.73 | $0.00 | $187.14 | $34,091.15 |
39 | $34,091.15 | $806.73 | $0.00 | $192.76 | $35,090.64 |
40 | $35,090.64 | $806.73 | $0.00 | $198.41 | $36,095.78 |
41 | $36,095.78 | $806.73 | $0.00 | $204.09 | $37,106.60 |
42 | $37,106.60 | $806.73 | $0.00 | $209.81 | $38,123.14 |
43 | $38,123.14 | $806.73 | $0.00 | $215.55 | $39,145.42 |
44 | $39,145.42 | $806.73 | $0.00 | $221.33 | $40,173.48 |
45 | $40,173.48 | $806.73 | $0.00 | $227.15 | $41,207.36 |
46 | $41,207.36 | $806.73 | $0.00 | $232.99 | $42,247.08 |
47 | $42,247.08 | $806.73 | $0.00 | $238.87 | $43,292.68 |
48 | $43,292.68 | $806.73 | $0.00 | $244.78 | $44,344.19 |
49 | $44,344.19 | $806.73 | $0.00 | $250.73 | $45,401.65 |
50 | $45,401.65 | $806.73 | $0.00 | $256.71 | $46,465.09 |
51 | $46,465.09 | $806.73 | $0.00 | $262.72 | $47,534.54 |
52 | $47,534.54 | $806.73 | $0.00 | $268.77 | $48,610.04 |
53 | $48,610.04 | $806.73 | $0.00 | $274.85 | $49,691.62 |
54 | $49,691.62 | $806.73 | $0.00 | $280.96 | $50,779.31 |
55 | $50,779.31 | $806.73 | $0.00 | $287.11 | $51,873.15 |
56 | $51,873.15 | $806.73 | $0.00 | $293.30 | $52,973.18 |
57 | $52,973.18 | $806.73 | $0.00 | $299.52 | $54,079.43 |
58 | $54,079.43 | $806.73 | $0.00 | $305.77 | $55,191.93 |
59 | $55,191.93 | $806.73 | $0.00 | $312.06 | $56,310.72 |
60 | $56,310.72 | $806.73 | $0.00 | $318.39 | $57,435.84 |
61 | $57,435.84 | $806.73 | $0.00 | $324.75 | $58,567.32 |
62 | $58,567.32 | $806.73 | $0.00 | $331.15 | $59,705.20 |
63 | $59,705.20 | $806.73 | $0.00 | $337.58 | $60,849.51 |
64 | $60,849.51 | $806.73 | $0.00 | $344.05 | $62,000.29 |
65 | $62,000.29 | $806.73 | $0.00 | $350.56 | $63,157.58 |
66 | $63,157.58 | $806.73 | $0.00 | $357.10 | $64,321.41 |
67 | $64,321.41 | $806.73 | $0.00 | $363.68 | $65,491.82 |
68 | $65,491.82 | $806.73 | $0.00 | $370.30 | $66,668.85 |
69 | $66,668.85 | $806.73 | $0.00 | $376.96 | $67,852.54 |
70 | $67,852.54 | $806.73 | $0.00 | $383.65 | $69,042.92 |
71 | $69,042.92 | $806.73 | $0.00 | $390.38 | $70,240.03 |
72 | $70,240.03 | $806.73 | $0.00 | $397.15 | $71,443.91 |
73 | $71,443.91 | $806.73 | $0.00 | $403.95 | $72,654.59 |
74 | $72,654.59 | $806.73 | $0.00 | $410.80 | $73,872.12 |
75 | $73,872.12 | $806.73 | $0.00 | $417.68 | $75,096.53 |
76 | $75,096.53 | $806.73 | $0.00 | $424.61 | $76,327.87 |
77 | $76,327.87 | $806.73 | $0.00 | $431.57 | $77,566.17 |
78 | $77,566.17 | $806.73 | $0.00 | $438.57 | $78,811.47 |
79 | $78,811.47 | $806.73 | $0.00 | $445.61 | $80,063.81 |
80 | $80,063.81 | $806.73 | $0.00 | $452.69 | $81,323.23 |
81 | $81,323.23 | $806.73 | $0.00 | $459.81 | $82,589.77 |
82 | $82,589.77 | $806.73 | $0.00 | $466.97 | $83,863.47 |
83 | $83,863.47 | $806.73 | $0.00 | $474.18 | $85,144.38 |
84 | $85,144.38 | $806.73 | $0.00 | $481.42 | $86,432.53 |
85 | $86,432.53 | $806.73 | $0.00 | $488.70 | $87,727.96 |
86 | $87,727.96 | $806.73 | $0.00 | $496.03 | $89,030.72 |
87 | $89,030.72 | $806.73 | $0.00 | $503.39 | $90,340.84 |
88 | $90,340.84 | $806.73 | $0.00 | $510.80 | $91,658.37 |
89 | $91,658.37 | $806.73 | $0.00 | $518.25 | $92,983.35 |
90 | $92,983.35 | $806.73 | $0.00 | $525.74 | $94,315.82 |
91 | $94,315.82 | $806.73 | $0.00 | $533.28 | $95,655.83 |
92 | $95,655.83 | $806.73 | $0.00 | $540.85 | $97,003.41 |
93 | $97,003.41 | $806.73 | $0.00 | $548.47 | $98,358.61 |
94 | $98,358.61 | $806.73 | $0.00 | $556.13 | $99,721.47 |
95 | $99,721.47 | $806.73 | $0.00 | $563.84 | $101,092.04 |
96 | $101,092.04 | $806.73 | $0.00 | $571.59 | $102,470.36 |
97 | $102,470.36 | $806.73 | $0.00 | $579.38 | $103,856.47 |
98 | $103,856.47 | $806.73 | $0.00 | $587.22 | $105,250.42 |
99 | $105,250.42 | $806.73 | $0.00 | $595.10 | $106,652.25 |
100 | $106,652.25 | $806.73 | $0.00 | $603.03 | $108,062.01 |
101 | $108,062.01 | $806.73 | $0.00 | $611.00 | $109,479.74 |
102 | $109,479.74 | $806.73 | $0.00 | $619.01 | $110,905.48 |
103 | $110,905.48 | $806.73 | $0.00 | $627.08 | $112,339.29 |
104 | $112,339.29 | $806.73 | $0.00 | $635.18 | $113,781.20 |
105 | $113,781.20 | $806.73 | $0.00 | $643.34 | $115,231.27 |
106 | $115,231.27 | $806.73 | $0.00 | $651.53 | $116,689.53 |
107 | $116,689.53 | $806.73 | $0.00 | $659.78 | $118,156.04 |
108 | $118,156.04 | $806.73 | $0.00 | $668.07 | $119,630.84 |
109 | $119,630.84 | $806.73 | $0.00 | $676.41 | $121,113.98 |
110 | $121,113.98 | $806.73 | $0.00 | $684.80 | $122,605.51 |
111 | $122,605.51 | $806.73 | $0.00 | $693.23 | $124,105.47 |
112 | $124,105.47 | $806.73 | $0.00 | $701.71 | $125,613.91 |
113 | $125,613.91 | $806.73 | $0.00 | $710.24 | $127,130.88 |
114 | $127,130.88 | $806.73 | $0.00 | $718.82 | $128,656.43 |
115 | $128,656.43 | $806.73 | $0.00 | $727.44 | $130,190.60 |
116 | $130,190.60 | $806.73 | $0.00 | $736.12 | $131,733.45 |
117 | $131,733.45 | $806.73 | $0.00 | $744.84 | $133,285.02 |
118 | $133,285.02 | $806.73 | $0.00 | $753.61 | $134,845.36 |
119 | $134,845.36 | $806.73 | $0.00 | $762.44 | $136,414.53 |
120 | $136,414.53 | $806.73 | $0.00 | $771.31 | $137,992.57 |
121 | $137,992.57 | $806.73 | $0.00 | $780.23 | $139,579.53 |
122 | $139,579.53 | $806.73 | $0.00 | $789.20 | $141,175.46 |
123 | $141,175.46 | $806.73 | $0.00 | $798.23 | $142,780.42 |
124 | $142,780.42 | $806.73 | $0.00 | $807.30 | $144,394.45 |
125 | $144,394.45 | $806.73 | $0.00 | $816.43 | $146,017.61 |
126 | $146,017.61 | $806.73 | $0.00 | $825.60 | $147,649.94 |
127 | $147,649.94 | $806.73 | $0.00 | $834.83 | $149,291.50 |
128 | $149,291.50 | $806.73 | $0.00 | $844.12 | $150,942.35 |
129 | $150,942.35 | $806.73 | $0.00 | $853.45 | $152,602.53 |
130 | $152,602.53 | $806.73 | $0.00 | $862.84 | $154,272.10 |
131 | $154,272.10 | $806.73 | $0.00 | $872.28 | $155,951.11 |
132 | $155,951.11 | $806.73 | $0.00 | $881.77 | $157,639.61 |
133 | $157,639.61 | $806.73 | $0.00 | $891.32 | $159,337.66 |
134 | $159,337.66 | $806.73 | $0.00 | $900.92 | $161,045.31 |
135 | $161,045.31 | $806.73 | $0.00 | $910.57 | $162,762.61 |
136 | $162,762.61 | $806.73 | $0.00 | $920.28 | $164,489.62 |
137 | $164,489.62 | $806.73 | $0.00 | $930.05 | $166,226.40 |
138 | $166,226.40 | $806.73 | $0.00 | $939.87 | $167,973.00 |
139 | $167,973.00 | $806.73 | $0.00 | $949.74 | $169,729.47 |
140 | $169,729.47 | $806.73 | $0.00 | $959.68 | $171,495.88 |
141 | $171,495.88 | $806.73 | $0.00 | $969.66 | $173,272.27 |
142 | $173,272.27 | $806.73 | $0.00 | $979.71 | $175,058.71 |
143 | $175,058.71 | $806.73 | $0.00 | $989.81 | $176,855.25 |
144 | $176,855.25 | $806.73 | $0.00 | $999.97 | $178,661.95 |
145 | $178,661.95 | $806.73 | $0.00 | $1,010.18 | $180,478.86 |
146 | $180,478.86 | $806.73 | $0.00 | $1,020.45 | $182,306.04 |
147 | $182,306.04 | $806.73 | $0.00 | $1,030.78 | $184,143.55 |
148 | $184,143.55 | $806.73 | $0.00 | $1,041.17 | $185,991.45 |
149 | $185,991.45 | $806.73 | $0.00 | $1,051.62 | $187,849.80 |
150 | $187,849.80 | $806.73 | $0.00 | $1,062.13 | $189,718.66 |
151 | $189,718.66 | $806.73 | $0.00 | $1,072.70 | $191,598.09 |
152 | $191,598.09 | $806.73 | $0.00 | $1,083.32 | $193,488.14 |
153 | $193,488.14 | $806.73 | $0.00 | $1,094.01 | $195,388.88 |
154 | $195,388.88 | $806.73 | $0.00 | $1,104.76 | $197,300.37 |
155 | $197,300.37 | $806.73 | $0.00 | $1,115.56 | $199,222.66 |
156 | $199,222.66 | $806.73 | $0.00 | $1,126.43 | $201,155.82 |
157 | $201,155.82 | $806.73 | $0.00 | $1,137.36 | $203,099.91 |
158 | $203,099.91 | $806.73 | $0.00 | $1,148.36 | $205,055.00 |
159 | $205,055.00 | $806.73 | $0.00 | $1,159.41 | $207,021.14 |
160 | $207,021.14 | $806.73 | $0.00 | $1,170.53 | $208,998.40 |
161 | $208,998.40 | $806.73 | $0.00 | $1,181.71 | $210,986.84 |
162 | $210,986.84 | $806.73 | $0.00 | $1,192.95 | $212,986.52 |
163 | $212,986.52 | $806.73 | $0.00 | $1,204.26 | $214,997.51 |
164 | $214,997.51 | $806.73 | $0.00 | $1,215.63 | $217,019.87 |
165 | $217,019.87 | $806.73 | $0.00 | $1,227.06 | $219,053.66 |
166 | $219,053.66 | $806.73 | $0.00 | $1,238.56 | $221,098.95 |
167 | $221,098.95 | $806.73 | $0.00 | $1,250.13 | $223,155.81 |
168 | $223,155.81 | $806.73 | $0.00 | $1,261.76 | $225,224.30 |
169 | $225,224.30 | $806.73 | $0.00 | $1,273.45 | $227,304.48 |
170 | $227,304.48 | $806.73 | $0.00 | $1,285.21 | $229,396.42 |
171 | $229,396.42 | $806.73 | $0.00 | $1,297.04 | $231,500.19 |
172 | $231,500.19 | $806.73 | $0.00 | $1,308.94 | $233,615.86 |
173 | $233,615.86 | $806.73 | $0.00 | $1,320.90 | $235,743.49 |
174 | $235,743.49 | $806.73 | $0.00 | $1,332.93 | $237,883.15 |
175 | $237,883.15 | $806.73 | $0.00 | $1,345.03 | $240,034.91 |
176 | $240,034.91 | $806.73 | $0.00 | $1,357.19 | $242,198.83 |
177 | $242,198.83 | $806.73 | $0.00 | $1,369.43 | $244,374.99 |
178 | $244,374.99 | $806.73 | $0.00 | $1,381.73 | $246,563.45 |
179 | $246,563.45 | $806.73 | $0.00 | $1,394.11 | $248,764.29 |
180 | $248,764.29 | $806.73 | $0.00 | $1,406.55 | $250,977.57 |
181 | $250,977.57 | $806.73 | $0.00 | $1,419.06 | $253,203.36 |
182 | $253,203.36 | $806.73 | $0.00 | $1,431.65 | $255,441.74 |
183 | $255,441.74 | $806.73 | $0.00 | $1,444.30 | $257,692.77 |
184 | $257,692.77 | $806.73 | $0.00 | $1,457.03 | $259,956.53 |
185 | $259,956.53 | $806.73 | $0.00 | $1,469.83 | $262,233.09 |
186 | $262,233.09 | $806.73 | $0.00 | $1,482.70 | $264,522.52 |
187 | $264,522.52 | $806.73 | $0.00 | $1,495.65 | $266,824.90 |
188 | $266,824.90 | $806.73 | $0.00 | $1,508.67 | $269,140.30 |
189 | $269,140.30 | $806.73 | $0.00 | $1,521.76 | $271,468.79 |
190 | $271,468.79 | $806.73 | $0.00 | $1,534.92 | $273,810.44 |
191 | $273,810.44 | $806.73 | $0.00 | $1,548.16 | $276,165.33 |
192 | $276,165.33 | $806.73 | $0.00 | $1,561.48 | $278,533.54 |
193 | $278,533.54 | $806.73 | $0.00 | $1,574.87 | $280,915.14 |
194 | $280,915.14 | $806.73 | $0.00 | $1,588.34 | $283,310.21 |
195 | $283,310.21 | $806.73 | $0.00 | $1,601.88 | $285,718.82 |
196 | $285,718.82 | $806.73 | $0.00 | $1,615.50 | $288,141.05 |
197 | $288,141.05 | $806.73 | $0.00 | $1,629.19 | $290,576.97 |
198 | $290,576.97 | $806.73 | $0.00 | $1,642.96 | $293,026.66 |
199 | $293,026.66 | $806.73 | $0.00 | $1,656.82 | $295,490.21 |
200 | $295,490.21 | $806.73 | $0.00 | $1,670.74 | $297,967.68 |
201 | $297,967.68 | $806.73 | $0.00 | $1,684.75 | $300,459.16 |
202 | $300,459.16 | $806.73 | $0.00 | $1,698.84 | $302,964.73 |
203 | $302,964.73 | $806.73 | $0.00 | $1,713.01 | $305,484.47 |
204 | $305,484.47 | $806.73 | $0.00 | $1,727.25 | $308,018.45 |
205 | $308,018.45 | $806.73 | $0.00 | $1,741.58 | $310,566.76 |
206 | $310,566.76 | $806.73 | $0.00 | $1,755.99 | $313,129.48 |
207 | $313,129.48 | $806.73 | $0.00 | $1,770.48 | $315,706.69 |
208 | $315,706.69 | $806.73 | $0.00 | $1,785.05 | $318,298.47 |
209 | $318,298.47 | $806.73 | $0.00 | $1,799.71 | $320,904.91 |
210 | $320,904.91 | $806.73 | $0.00 | $1,814.44 | $323,526.08 |
211 | $323,526.08 | $806.73 | $0.00 | $1,829.26 | $326,162.07 |
212 | $326,162.07 | $806.73 | $0.00 | $1,844.17 | $328,812.97 |
213 | $328,812.97 | $806.73 | $0.00 | $1,859.16 | $331,478.86 |
214 | $331,478.86 | $806.73 | $0.00 | $1,874.23 | $334,159.82 |
215 | $334,159.82 | $806.73 | $0.00 | $1,889.39 | $336,855.94 |
216 | $336,855.94 | $806.73 | $0.00 | $1,904.63 | $339,567.30 |
217 | $339,567.30 | $806.73 | $91,961.20 | $1,919.96 | $250,332.79 |
218 | $250,332.79 | $806.73 | $0.00 | $1,415.42 | $252,554.94 |
219 | $252,554.94 | $806.73 | $0.00 | $1,427.98 | $254,789.65 |
220 | $254,789.65 | $806.73 | $0.00 | $1,440.62 | $257,037.00 |
221 | $257,037.00 | $806.73 | $0.00 | $1,453.32 | $259,297.05 |
222 | $259,297.05 | $806.73 | $0.00 | $1,466.10 | $261,569.88 |
223 | $261,569.88 | $806.73 | $0.00 | $1,478.95 | $263,855.56 |
224 | $263,855.56 | $806.73 | $0.00 | $1,491.88 | $266,154.17 |
225 | $266,154.17 | $806.73 | $0.00 | $1,504.87 | $268,465.77 |
226 | $268,465.77 | $806.73 | $0.00 | $1,517.94 | $270,790.44 |
227 | $270,790.44 | $806.73 | $0.00 | $1,531.09 | $273,128.26 |
228 | $273,128.26 | $806.73 | $0.00 | $1,544.31 | $275,479.30 |
229 | $275,479.30 | $806.73 | $98,398.48 | $1,557.60 | $179,445.15 |
230 | $179,445.15 | $806.73 | $0.00 | $1,014.61 | $181,266.49 |
231 | $181,266.49 | $806.73 | $0.00 | $1,024.91 | $183,098.13 |
232 | $183,098.13 | $806.73 | $0.00 | $1,035.26 | $184,940.12 |
233 | $184,940.12 | $806.73 | $0.00 | $1,045.68 | $186,792.53 |
234 | $186,792.53 | $806.73 | $0.00 | $1,056.15 | $188,655.41 |
235 | $188,655.41 | $806.73 | $0.00 | $1,066.69 | $190,528.83 |
236 | $190,528.83 | $806.73 | $0.00 | $1,077.28 | $192,412.84 |
237 | $192,412.84 | $806.73 | $0.00 | $1,087.93 | $194,307.50 |
238 | $194,307.50 | $806.73 | $0.00 | $1,098.64 | $196,212.87 |
239 | $196,212.87 | $806.73 | $0.00 | $1,109.42 | $198,129.02 |
240 | $198,129.02 | $806.73 | $0.00 | $1,120.25 | $200,056.00 |
241 | $200,056.00 | $806.73 | $105,286.37 | $1,131.15 | $96,707.51 |
242 | $96,707.51 | $806.73 | $0.00 | $546.80 | $98,061.04 |
243 | $98,061.04 | $806.73 | $0.00 | $554.45 | $99,422.22 |
244 | $99,422.22 | $806.73 | $0.00 | $562.15 | $100,791.10 |
245 | $100,791.10 | $806.73 | $0.00 | $569.89 | $102,167.72 |
246 | $102,167.72 | $806.73 | $0.00 | $577.67 | $103,552.12 |
247 | $103,552.12 | $806.73 | $0.00 | $585.50 | $104,944.35 |
248 | $104,944.35 | $806.73 | $0.00 | $593.37 | $106,344.45 |
249 | $106,344.45 | $806.73 | $0.00 | $601.29 | $107,752.47 |
250 | $107,752.47 | $806.73 | $0.00 | $609.25 | $109,168.45 |
251 | $109,168.45 | $806.73 | $0.00 | $617.25 | $110,592.43 |
252 | $110,592.43 | $806.73 | $0.00 | $625.31 | $112,024.47 |
253 | $112,024.47 | $0.00 | $112,656.42 | $633.40 | $1.45 |