Savings Plan and Future Cost Estimation for University of Minnesota Rochester

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$68,730
Monthly savings required$544

How much will it cost to send your child to University of Minnesota Rochester in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $274,921.48 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $544.06 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$26,504.00
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 $544.06 $0.00 $0.00 $544.06
2 $544.06 $544.06 $0.00 $3.08 $1,091.20
3 $1,091.20 $544.06 $0.00 $6.17 $1,641.43
4 $1,641.43 $544.06 $0.00 $9.28 $2,194.77
5 $2,194.77 $544.06 $0.00 $12.41 $2,751.24
6 $2,751.24 $544.06 $0.00 $15.56 $3,310.86
7 $3,310.86 $544.06 $0.00 $18.72 $3,873.64
8 $3,873.64 $544.06 $0.00 $21.90 $4,439.60
9 $4,439.60 $544.06 $0.00 $25.10 $5,008.76
10 $5,008.76 $544.06 $0.00 $28.32 $5,581.14
11 $5,581.14 $544.06 $0.00 $31.56 $6,156.76
12 $6,156.76 $544.06 $0.00 $34.81 $6,735.63
13 $6,735.63 $544.06 $0.00 $38.08 $7,317.77
14 $7,317.77 $544.06 $0.00 $41.38 $7,903.21
15 $7,903.21 $544.06 $0.00 $44.69 $8,491.96
16 $8,491.96 $544.06 $0.00 $48.01 $9,084.03
17 $9,084.03 $544.06 $0.00 $51.36 $9,679.45
18 $9,679.45 $544.06 $0.00 $54.73 $10,278.24
19 $10,278.24 $544.06 $0.00 $58.11 $10,880.41
20 $10,880.41 $544.06 $0.00 $61.52 $11,485.99
21 $11,485.99 $544.06 $0.00 $64.94 $12,094.99
22 $12,094.99 $544.06 $0.00 $68.39 $12,707.44
23 $12,707.44 $544.06 $0.00 $71.85 $13,323.35
24 $13,323.35 $544.06 $0.00 $75.33 $13,942.74
25 $13,942.74 $544.06 $0.00 $78.83 $14,565.63
26 $14,565.63 $544.06 $0.00 $82.36 $15,192.05
27 $15,192.05 $544.06 $0.00 $85.90 $15,822.01
28 $15,822.01 $544.06 $0.00 $89.46 $16,455.53
29 $16,455.53 $544.06 $0.00 $93.04 $17,092.63
30 $17,092.63 $544.06 $0.00 $96.64 $17,733.33
31 $17,733.33 $544.06 $0.00 $100.27 $18,377.66
32 $18,377.66 $544.06 $0.00 $103.91 $19,025.63
33 $19,025.63 $544.06 $0.00 $107.57 $19,677.26
34 $19,677.26 $544.06 $0.00 $111.26 $20,332.58
35 $20,332.58 $544.06 $0.00 $114.96 $20,991.60
36 $20,991.60 $544.06 $0.00 $118.69 $21,654.35
37 $21,654.35 $544.06 $0.00 $122.44 $22,320.85
38 $22,320.85 $544.06 $0.00 $126.21 $22,991.12
39 $22,991.12 $544.06 $0.00 $130.00 $23,665.18
40 $23,665.18 $544.06 $0.00 $133.81 $24,343.05
41 $24,343.05 $544.06 $0.00 $137.64 $25,024.75
42 $25,024.75 $544.06 $0.00 $141.49 $25,710.30
43 $25,710.30 $544.06 $0.00 $145.37 $26,399.73
44 $26,399.73 $544.06 $0.00 $149.27 $27,093.06
45 $27,093.06 $544.06 $0.00 $153.19 $27,790.31
46 $27,790.31 $544.06 $0.00 $157.13 $28,491.50
47 $28,491.50 $544.06 $0.00 $161.10 $29,196.66
48 $29,196.66 $544.06 $0.00 $165.08 $29,905.80
49 $29,905.80 $544.06 $0.00 $169.09 $30,618.95
50 $30,618.95 $544.06 $0.00 $173.12 $31,336.13
51 $31,336.13 $544.06 $0.00 $177.18 $32,057.37
52 $32,057.37 $544.06 $0.00 $181.26 $32,782.69
53 $32,782.69 $544.06 $0.00 $185.36 $33,512.11
54 $33,512.11 $544.06 $0.00 $189.48 $34,245.65
55 $34,245.65 $544.06 $0.00 $193.63 $34,983.34
56 $34,983.34 $544.06 $0.00 $197.80 $35,725.20
57 $35,725.20 $544.06 $0.00 $202.00 $36,471.26
58 $36,471.26 $544.06 $0.00 $206.21 $37,221.53
59 $37,221.53 $544.06 $0.00 $210.46 $37,976.05
60 $37,976.05 $544.06 $0.00 $214.72 $38,734.83
61 $38,734.83 $544.06 $0.00 $219.01 $39,497.90
62 $39,497.90 $544.06 $0.00 $223.33 $40,265.29
63 $40,265.29 $544.06 $0.00 $227.67 $41,037.02
64 $41,037.02 $544.06 $0.00 $232.03 $41,813.11
65 $41,813.11 $544.06 $0.00 $236.42 $42,593.59
66 $42,593.59 $544.06 $0.00 $240.83 $43,378.48
67 $43,378.48 $544.06 $0.00 $245.27 $44,167.81
68 $44,167.81 $544.06 $0.00 $249.73 $44,961.60
69 $44,961.60 $544.06 $0.00 $254.22 $45,759.88
70 $45,759.88 $544.06 $0.00 $258.73 $46,562.67
71 $46,562.67 $544.06 $0.00 $263.27 $47,370.00
72 $47,370.00 $544.06 $0.00 $267.84 $48,181.90
73 $48,181.90 $544.06 $0.00 $272.43 $48,998.39
74 $48,998.39 $544.06 $0.00 $277.04 $49,819.49
75 $49,819.49 $544.06 $0.00 $281.69 $50,645.24
76 $50,645.24 $544.06 $0.00 $286.36 $51,475.66
77 $51,475.66 $544.06 $0.00 $291.05 $52,310.77
78 $52,310.77 $544.06 $0.00 $295.77 $53,150.60
79 $53,150.60 $544.06 $0.00 $300.52 $53,995.18
80 $53,995.18 $544.06 $0.00 $305.30 $54,844.54
81 $54,844.54 $544.06 $0.00 $310.10 $55,698.70
82 $55,698.70 $544.06 $0.00 $314.93 $56,557.69
83 $56,557.69 $544.06 $0.00 $319.79 $57,421.54
84 $57,421.54 $544.06 $0.00 $324.67 $58,290.27
85 $58,290.27 $544.06 $0.00 $329.58 $59,163.91
86 $59,163.91 $544.06 $0.00 $334.52 $60,042.49
87 $60,042.49 $544.06 $0.00 $339.49 $60,926.04
88 $60,926.04 $544.06 $0.00 $344.48 $61,814.58
89 $61,814.58 $544.06 $0.00 $349.51 $62,708.15
90 $62,708.15 $544.06 $0.00 $354.56 $63,606.77
91 $63,606.77 $544.06 $0.00 $359.64 $64,510.47
92 $64,510.47 $544.06 $0.00 $364.75 $65,419.28
93 $65,419.28 $544.06 $0.00 $369.89 $66,333.23
94 $66,333.23 $544.06 $0.00 $375.06 $67,252.35
95 $67,252.35 $544.06 $0.00 $380.25 $68,176.66
96 $68,176.66 $544.06 $0.00 $385.48 $69,106.20
97 $69,106.20 $544.06 $0.00 $390.74 $70,041.00
98 $70,041.00 $544.06 $0.00 $396.02 $70,981.08
99 $70,981.08 $544.06 $0.00 $401.34 $71,926.48
100 $71,926.48 $544.06 $0.00 $406.68 $72,877.22
101 $72,877.22 $544.06 $0.00 $412.06 $73,833.34
102 $73,833.34 $544.06 $0.00 $417.46 $74,794.86
103 $74,794.86 $544.06 $0.00 $422.90 $75,761.82
104 $75,761.82 $544.06 $0.00 $428.37 $76,734.25
105 $76,734.25 $544.06 $0.00 $433.87 $77,712.18
106 $77,712.18 $544.06 $0.00 $439.40 $78,695.64
107 $78,695.64 $544.06 $0.00 $444.96 $79,684.66
108 $79,684.66 $544.06 $0.00 $450.55 $80,679.27
109 $80,679.27 $544.06 $0.00 $456.17 $81,679.50
110 $81,679.50 $544.06 $0.00 $461.83 $82,685.39
111 $82,685.39 $544.06 $0.00 $467.52 $83,696.97
112 $83,696.97 $544.06 $0.00 $473.23 $84,714.26
113 $84,714.26 $544.06 $0.00 $478.99 $85,737.31
114 $85,737.31 $544.06 $0.00 $484.77 $86,766.14
115 $86,766.14 $544.06 $0.00 $490.59 $87,800.79
116 $87,800.79 $544.06 $0.00 $496.44 $88,841.29
117 $88,841.29 $544.06 $0.00 $502.32 $89,887.67
118 $89,887.67 $544.06 $0.00 $508.24 $90,939.97
119 $90,939.97 $544.06 $0.00 $514.19 $91,998.22
120 $91,998.22 $544.06 $0.00 $520.17 $93,062.45
121 $93,062.45 $544.06 $0.00 $526.19 $94,132.70
122 $94,132.70 $544.06 $0.00 $532.24 $95,209.00
123 $95,209.00 $544.06 $0.00 $538.33 $96,291.39
124 $96,291.39 $544.06 $0.00 $544.45 $97,379.90
125 $97,379.90 $544.06 $0.00 $550.60 $98,474.56
126 $98,474.56 $544.06 $0.00 $556.79 $99,575.41
127 $99,575.41 $544.06 $0.00 $563.01 $100,682.48
128 $100,682.48 $544.06 $0.00 $569.27 $101,795.81
129 $101,795.81 $544.06 $0.00 $575.57 $102,915.44
130 $102,915.44 $544.06 $0.00 $581.90 $104,041.40
131 $104,041.40 $544.06 $0.00 $588.27 $105,173.73
132 $105,173.73 $544.06 $0.00 $594.67 $106,312.46
133 $106,312.46 $544.06 $0.00 $601.11 $107,457.63
134 $107,457.63 $544.06 $0.00 $607.58 $108,609.27
135 $108,609.27 $544.06 $0.00 $614.09 $109,767.42
136 $109,767.42 $544.06 $0.00 $620.64 $110,932.12
137 $110,932.12 $544.06 $0.00 $627.23 $112,103.41
138 $112,103.41 $544.06 $0.00 $633.85 $113,281.32
139 $113,281.32 $544.06 $0.00 $640.51 $114,465.89
140 $114,465.89 $544.06 $0.00 $647.21 $115,657.16
141 $115,657.16 $544.06 $0.00 $653.94 $116,855.16
142 $116,855.16 $544.06 $0.00 $660.72 $118,059.94
143 $118,059.94 $544.06 $0.00 $667.53 $119,271.53
144 $119,271.53 $544.06 $0.00 $674.38 $120,489.97
145 $120,489.97 $544.06 $0.00 $681.27 $121,715.30
146 $121,715.30 $544.06 $0.00 $688.20 $122,947.56
147 $122,947.56 $544.06 $0.00 $695.16 $124,186.78
148 $124,186.78 $544.06 $0.00 $702.17 $125,433.01
149 $125,433.01 $544.06 $0.00 $709.22 $126,686.29
150 $126,686.29 $544.06 $0.00 $716.30 $127,946.65
151 $127,946.65 $544.06 $0.00 $723.43 $129,214.14
152 $129,214.14 $544.06 $0.00 $730.60 $130,488.80
153 $130,488.80 $544.06 $0.00 $737.80 $131,770.66
154 $131,770.66 $544.06 $0.00 $745.05 $133,059.77
155 $133,059.77 $544.06 $0.00 $752.34 $134,356.17
156 $134,356.17 $544.06 $0.00 $759.67 $135,659.90
157 $135,659.90 $544.06 $0.00 $767.04 $136,971.00
158 $136,971.00 $544.06 $0.00 $774.45 $138,289.51
159 $138,289.51 $544.06 $0.00 $781.91 $139,615.48
160 $139,615.48 $544.06 $0.00 $789.41 $140,948.95
161 $140,948.95 $544.06 $0.00 $796.95 $142,289.96
162 $142,289.96 $544.06 $0.00 $804.53 $143,638.55
163 $143,638.55 $544.06 $0.00 $812.15 $144,994.76
164 $144,994.76 $544.06 $0.00 $819.82 $146,358.64
165 $146,358.64 $544.06 $0.00 $827.53 $147,730.23
166 $147,730.23 $544.06 $0.00 $835.29 $149,109.58
167 $149,109.58 $544.06 $0.00 $843.09 $150,496.73
168 $150,496.73 $544.06 $0.00 $850.93 $151,891.72
169 $151,891.72 $544.06 $0.00 $858.82 $153,294.60
170 $153,294.60 $544.06 $0.00 $866.75 $154,705.41
171 $154,705.41 $544.06 $0.00 $874.73 $156,124.20
172 $156,124.20 $544.06 $0.00 $882.75 $157,551.01
173 $157,551.01 $544.06 $0.00 $890.82 $158,985.89
174 $158,985.89 $544.06 $0.00 $898.93 $160,428.88
175 $160,428.88 $544.06 $0.00 $907.09 $161,880.03
176 $161,880.03 $544.06 $0.00 $915.29 $163,339.38
177 $163,339.38 $544.06 $0.00 $923.54 $164,806.98
178 $164,806.98 $544.06 $0.00 $931.84 $166,282.88
179 $166,282.88 $544.06 $0.00 $940.19 $167,767.13
180 $167,767.13 $544.06 $0.00 $948.58 $169,259.77
181 $169,259.77 $544.06 $0.00 $957.02 $170,760.85
182 $170,760.85 $544.06 $0.00 $965.51 $172,270.42
183 $172,270.42 $544.06 $0.00 $974.04 $173,788.52
184 $173,788.52 $544.06 $0.00 $982.63 $175,315.21
185 $175,315.21 $544.06 $0.00 $991.26 $176,850.53
186 $176,850.53 $544.06 $0.00 $999.94 $178,394.53
187 $178,394.53 $544.06 $0.00 $1,008.67 $179,947.26
188 $179,947.26 $544.06 $0.00 $1,017.45 $181,508.77
189 $181,508.77 $544.06 $0.00 $1,026.28 $183,079.11
190 $183,079.11 $544.06 $0.00 $1,035.16 $184,658.33
191 $184,658.33 $544.06 $0.00 $1,044.09 $186,246.48
192 $186,246.48 $544.06 $0.00 $1,053.06 $187,843.60
193 $187,843.60 $544.06 $0.00 $1,062.10 $189,449.76
194 $189,449.76 $544.06 $0.00 $1,071.18 $191,065.00
195 $191,065.00 $544.06 $0.00 $1,080.31 $192,689.37
196 $192,689.37 $544.06 $0.00 $1,089.49 $194,322.92
197 $194,322.92 $544.06 $0.00 $1,098.73 $195,965.71
198 $195,965.71 $544.06 $0.00 $1,108.02 $197,617.79
199 $197,617.79 $544.06 $0.00 $1,117.36 $199,279.21
200 $199,279.21 $544.06 $0.00 $1,126.75 $200,950.02
201 $200,950.02 $544.06 $0.00 $1,136.20 $202,630.28
202 $202,630.28 $544.06 $0.00 $1,145.70 $204,320.04
203 $204,320.04 $544.06 $0.00 $1,155.26 $206,019.36
204 $206,019.36 $544.06 $0.00 $1,164.86 $207,728.28
205 $207,728.28 $544.06 $0.00 $1,174.53 $209,446.87
206 $209,446.87 $544.06 $0.00 $1,184.24 $211,175.17
207 $211,175.17 $544.06 $0.00 $1,194.02 $212,913.25
208 $212,913.25 $544.06 $0.00 $1,203.84 $214,661.15
209 $214,661.15 $544.06 $0.00 $1,213.73 $216,418.94
210 $216,418.94 $544.06 $0.00 $1,223.66 $218,186.66
211 $218,186.66 $544.06 $0.00 $1,233.66 $219,964.38
212 $219,964.38 $544.06 $0.00 $1,243.71 $221,752.15
213 $221,752.15 $544.06 $0.00 $1,253.82 $223,550.03
214 $223,550.03 $544.06 $0.00 $1,263.98 $225,358.07
215 $225,358.07 $544.06 $0.00 $1,274.21 $227,176.34
216 $227,176.34 $544.06 $0.00 $1,284.49 $229,004.89
217 $229,004.89 $544.06 $63,785.04 $1,294.83 $167,058.74
218 $167,058.74 $544.06 $0.00 $944.57 $168,547.37
219 $168,547.37 $544.06 $0.00 $952.99 $170,044.42
220 $170,044.42 $544.06 $0.00 $961.46 $171,549.94
221 $171,549.94 $544.06 $0.00 $969.97 $173,063.97
222 $173,063.97 $544.06 $0.00 $978.53 $174,586.56
223 $174,586.56 $544.06 $0.00 $987.14 $176,117.76
224 $176,117.76 $544.06 $0.00 $995.80 $177,657.62
225 $177,657.62 $544.06 $0.00 $1,004.50 $179,206.18
226 $179,206.18 $544.06 $0.00 $1,013.26 $180,763.50
227 $180,763.50 $544.06 $0.00 $1,022.06 $182,329.62
228 $182,329.62 $544.06 $0.00 $1,030.92 $183,904.60
229 $183,904.60 $544.06 $66,974.29 $1,039.82 $118,514.19
230 $118,514.19 $544.06 $0.00 $670.10 $119,728.35
231 $119,728.35 $544.06 $0.00 $676.96 $120,949.37
232 $120,949.37 $544.06 $0.00 $683.87 $122,177.30
233 $122,177.30 $544.06 $0.00 $690.81 $123,412.17
234 $123,412.17 $544.06 $0.00 $697.79 $124,654.02
235 $124,654.02 $544.06 $0.00 $704.81 $125,902.89
236 $125,902.89 $544.06 $0.00 $711.87 $127,158.82
237 $127,158.82 $544.06 $0.00 $718.97 $128,421.85
238 $128,421.85 $544.06 $0.00 $726.12 $129,692.03
239 $129,692.03 $544.06 $0.00 $733.30 $130,969.39
240 $130,969.39 $544.06 $0.00 $740.52 $132,253.97
241 $132,253.97 $544.06 $70,323.00 $747.78 $63,222.81
242 $63,222.81 $544.06 $0.00 $357.47 $64,124.34
243 $64,124.34 $544.06 $0.00 $362.57 $65,030.97
244 $65,030.97 $544.06 $0.00 $367.69 $65,942.72
245 $65,942.72 $544.06 $0.00 $372.85 $66,859.63
246 $66,859.63 $544.06 $0.00 $378.03 $67,781.72
247 $67,781.72 $544.06 $0.00 $383.25 $68,709.03
248 $68,709.03 $544.06 $0.00 $388.49 $69,641.58
249 $69,641.58 $544.06 $0.00 $393.76 $70,579.40
250 $70,579.40 $544.06 $0.00 $399.07 $71,522.53
251 $71,522.53 $544.06 $0.00 $404.40 $72,470.99
252 $72,470.99 $544.06 $0.00 $409.76 $73,424.81
253 $73,424.81 $0.00 $73,839.15 $415.15 $0.81