Estimated Annual Cost in 2042 | $116,673 |
Monthly savings required | $922 |
How much will it cost to send your child to University of Minnesota Twin Cities in 18 years and how much do you need to save? A 4 year degree is estimated to be priced at $466,693.57 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $922.09 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 | $31,099.00 |
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 Twin Cities in the future.
Month | Begin | Deposit | Withdraw | Interest | End |
---|---|---|---|---|---|
1 | $0.00 | $922.09 | $0.00 | $0.00 | $922.09 |
2 | $922.09 | $922.09 | $0.00 | $5.21 | $1,849.39 |
3 | $1,849.39 | $922.09 | $0.00 | $10.46 | $2,781.94 |
4 | $2,781.94 | $922.09 | $0.00 | $15.73 | $3,719.76 |
5 | $3,719.76 | $922.09 | $0.00 | $21.03 | $4,662.88 |
6 | $4,662.88 | $922.09 | $0.00 | $26.36 | $5,611.33 |
7 | $5,611.33 | $922.09 | $0.00 | $31.73 | $6,565.15 |
8 | $6,565.15 | $922.09 | $0.00 | $37.12 | $7,524.36 |
9 | $7,524.36 | $922.09 | $0.00 | $42.54 | $8,488.99 |
10 | $8,488.99 | $922.09 | $0.00 | $48.00 | $9,459.08 |
11 | $9,459.08 | $922.09 | $0.00 | $53.48 | $10,434.65 |
12 | $10,434.65 | $922.09 | $0.00 | $59.00 | $11,415.74 |
13 | $11,415.74 | $922.09 | $0.00 | $64.55 | $12,402.38 |
14 | $12,402.38 | $922.09 | $0.00 | $70.12 | $13,394.59 |
15 | $13,394.59 | $922.09 | $0.00 | $75.73 | $14,392.41 |
16 | $14,392.41 | $922.09 | $0.00 | $81.38 | $15,395.88 |
17 | $15,395.88 | $922.09 | $0.00 | $87.05 | $16,405.02 |
18 | $16,405.02 | $922.09 | $0.00 | $92.76 | $17,419.87 |
19 | $17,419.87 | $922.09 | $0.00 | $98.49 | $18,440.45 |
20 | $18,440.45 | $922.09 | $0.00 | $104.26 | $19,466.80 |
21 | $19,466.80 | $922.09 | $0.00 | $110.07 | $20,498.96 |
22 | $20,498.96 | $922.09 | $0.00 | $115.90 | $21,536.95 |
23 | $21,536.95 | $922.09 | $0.00 | $121.77 | $22,580.81 |
24 | $22,580.81 | $922.09 | $0.00 | $127.68 | $23,630.58 |
25 | $23,630.58 | $922.09 | $0.00 | $133.61 | $24,686.28 |
26 | $24,686.28 | $922.09 | $0.00 | $139.58 | $25,747.95 |
27 | $25,747.95 | $922.09 | $0.00 | $145.58 | $26,815.62 |
28 | $26,815.62 | $922.09 | $0.00 | $151.62 | $27,889.33 |
29 | $27,889.33 | $922.09 | $0.00 | $157.69 | $28,969.11 |
30 | $28,969.11 | $922.09 | $0.00 | $163.80 | $30,055.00 |
31 | $30,055.00 | $922.09 | $0.00 | $169.94 | $31,147.03 |
32 | $31,147.03 | $922.09 | $0.00 | $176.11 | $32,245.23 |
33 | $32,245.23 | $922.09 | $0.00 | $182.32 | $33,349.64 |
34 | $33,349.64 | $922.09 | $0.00 | $188.56 | $34,460.29 |
35 | $34,460.29 | $922.09 | $0.00 | $194.84 | $35,577.22 |
36 | $35,577.22 | $922.09 | $0.00 | $201.16 | $36,700.47 |
37 | $36,700.47 | $922.09 | $0.00 | $207.51 | $37,830.07 |
38 | $37,830.07 | $922.09 | $0.00 | $213.90 | $38,966.06 |
39 | $38,966.06 | $922.09 | $0.00 | $220.32 | $40,108.47 |
40 | $40,108.47 | $922.09 | $0.00 | $226.78 | $41,257.34 |
41 | $41,257.34 | $922.09 | $0.00 | $233.27 | $42,412.70 |
42 | $42,412.70 | $922.09 | $0.00 | $239.81 | $43,574.60 |
43 | $43,574.60 | $922.09 | $0.00 | $246.38 | $44,743.07 |
44 | $44,743.07 | $922.09 | $0.00 | $252.98 | $45,918.14 |
45 | $45,918.14 | $922.09 | $0.00 | $259.63 | $47,099.86 |
46 | $47,099.86 | $922.09 | $0.00 | $266.31 | $48,288.26 |
47 | $48,288.26 | $922.09 | $0.00 | $273.03 | $49,483.38 |
48 | $49,483.38 | $922.09 | $0.00 | $279.79 | $50,685.26 |
49 | $50,685.26 | $922.09 | $0.00 | $286.58 | $51,893.93 |
50 | $51,893.93 | $922.09 | $0.00 | $293.42 | $53,109.44 |
51 | $53,109.44 | $922.09 | $0.00 | $300.29 | $54,331.82 |
52 | $54,331.82 | $922.09 | $0.00 | $307.20 | $55,561.11 |
53 | $55,561.11 | $922.09 | $0.00 | $314.15 | $56,797.35 |
54 | $56,797.35 | $922.09 | $0.00 | $321.14 | $58,040.58 |
55 | $58,040.58 | $922.09 | $0.00 | $328.17 | $59,290.84 |
56 | $59,290.84 | $922.09 | $0.00 | $335.24 | $60,548.17 |
57 | $60,548.17 | $922.09 | $0.00 | $342.35 | $61,812.61 |
58 | $61,812.61 | $922.09 | $0.00 | $349.50 | $63,084.20 |
59 | $63,084.20 | $922.09 | $0.00 | $356.69 | $64,362.98 |
60 | $64,362.98 | $922.09 | $0.00 | $363.92 | $65,648.99 |
61 | $65,648.99 | $922.09 | $0.00 | $371.19 | $66,942.27 |
62 | $66,942.27 | $922.09 | $0.00 | $378.50 | $68,242.86 |
63 | $68,242.86 | $922.09 | $0.00 | $385.86 | $69,550.81 |
64 | $69,550.81 | $922.09 | $0.00 | $393.25 | $70,866.15 |
65 | $70,866.15 | $922.09 | $0.00 | $400.69 | $72,188.93 |
66 | $72,188.93 | $922.09 | $0.00 | $408.17 | $73,519.19 |
67 | $73,519.19 | $922.09 | $0.00 | $415.69 | $74,856.97 |
68 | $74,856.97 | $922.09 | $0.00 | $423.25 | $76,202.31 |
69 | $76,202.31 | $922.09 | $0.00 | $430.86 | $77,555.26 |
70 | $77,555.26 | $922.09 | $0.00 | $438.51 | $78,915.86 |
71 | $78,915.86 | $922.09 | $0.00 | $446.20 | $80,284.15 |
72 | $80,284.15 | $922.09 | $0.00 | $453.94 | $81,660.18 |
73 | $81,660.18 | $922.09 | $0.00 | $461.72 | $83,043.99 |
74 | $83,043.99 | $922.09 | $0.00 | $469.54 | $84,435.62 |
75 | $84,435.62 | $922.09 | $0.00 | $477.41 | $85,835.12 |
76 | $85,835.12 | $922.09 | $0.00 | $485.32 | $87,242.53 |
77 | $87,242.53 | $922.09 | $0.00 | $493.28 | $88,657.90 |
78 | $88,657.90 | $922.09 | $0.00 | $501.28 | $90,081.27 |
79 | $90,081.27 | $922.09 | $0.00 | $509.33 | $91,512.69 |
80 | $91,512.69 | $922.09 | $0.00 | $517.43 | $92,952.21 |
81 | $92,952.21 | $922.09 | $0.00 | $525.57 | $94,399.87 |
82 | $94,399.87 | $922.09 | $0.00 | $533.75 | $95,855.71 |
83 | $95,855.71 | $922.09 | $0.00 | $541.98 | $97,319.78 |
84 | $97,319.78 | $922.09 | $0.00 | $550.26 | $98,792.13 |
85 | $98,792.13 | $922.09 | $0.00 | $558.59 | $100,272.81 |
86 | $100,272.81 | $922.09 | $0.00 | $566.96 | $101,761.86 |
87 | $101,761.86 | $922.09 | $0.00 | $575.38 | $103,259.33 |
88 | $103,259.33 | $922.09 | $0.00 | $583.84 | $104,765.26 |
89 | $104,765.26 | $922.09 | $0.00 | $592.36 | $106,279.71 |
90 | $106,279.71 | $922.09 | $0.00 | $600.92 | $107,802.72 |
91 | $107,802.72 | $922.09 | $0.00 | $609.53 | $109,334.34 |
92 | $109,334.34 | $922.09 | $0.00 | $618.19 | $110,874.62 |
93 | $110,874.62 | $922.09 | $0.00 | $626.90 | $112,423.61 |
94 | $112,423.61 | $922.09 | $0.00 | $635.66 | $113,981.36 |
95 | $113,981.36 | $922.09 | $0.00 | $644.47 | $115,547.92 |
96 | $115,547.92 | $922.09 | $0.00 | $653.32 | $117,123.33 |
97 | $117,123.33 | $922.09 | $0.00 | $662.23 | $118,707.65 |
98 | $118,707.65 | $922.09 | $0.00 | $671.19 | $120,300.93 |
99 | $120,300.93 | $922.09 | $0.00 | $680.20 | $121,903.22 |
100 | $121,903.22 | $922.09 | $0.00 | $689.26 | $123,514.57 |
101 | $123,514.57 | $922.09 | $0.00 | $698.37 | $125,135.03 |
102 | $125,135.03 | $922.09 | $0.00 | $707.53 | $126,764.65 |
103 | $126,764.65 | $922.09 | $0.00 | $716.75 | $128,403.49 |
104 | $128,403.49 | $922.09 | $0.00 | $726.01 | $130,051.59 |
105 | $130,051.59 | $922.09 | $0.00 | $735.33 | $131,709.01 |
106 | $131,709.01 | $922.09 | $0.00 | $744.70 | $133,375.80 |
107 | $133,375.80 | $922.09 | $0.00 | $754.13 | $135,052.02 |
108 | $135,052.02 | $922.09 | $0.00 | $763.60 | $136,737.71 |
109 | $136,737.71 | $922.09 | $0.00 | $773.13 | $138,432.93 |
110 | $138,432.93 | $922.09 | $0.00 | $782.72 | $140,137.74 |
111 | $140,137.74 | $922.09 | $0.00 | $792.36 | $141,852.19 |
112 | $141,852.19 | $922.09 | $0.00 | $802.05 | $143,576.33 |
113 | $143,576.33 | $922.09 | $0.00 | $811.80 | $145,310.22 |
114 | $145,310.22 | $922.09 | $0.00 | $821.61 | $147,053.92 |
115 | $147,053.92 | $922.09 | $0.00 | $831.46 | $148,807.47 |
116 | $148,807.47 | $922.09 | $0.00 | $841.38 | $150,570.94 |
117 | $150,570.94 | $922.09 | $0.00 | $851.35 | $152,344.38 |
118 | $152,344.38 | $922.09 | $0.00 | $861.38 | $154,127.85 |
119 | $154,127.85 | $922.09 | $0.00 | $871.46 | $155,921.40 |
120 | $155,921.40 | $922.09 | $0.00 | $881.60 | $157,725.09 |
121 | $157,725.09 | $922.09 | $0.00 | $891.80 | $159,538.98 |
122 | $159,538.98 | $922.09 | $0.00 | $902.06 | $161,363.13 |
123 | $161,363.13 | $922.09 | $0.00 | $912.37 | $163,197.59 |
124 | $163,197.59 | $922.09 | $0.00 | $922.74 | $165,042.42 |
125 | $165,042.42 | $922.09 | $0.00 | $933.17 | $166,897.68 |
126 | $166,897.68 | $922.09 | $0.00 | $943.66 | $168,763.43 |
127 | $168,763.43 | $922.09 | $0.00 | $954.21 | $170,639.73 |
128 | $170,639.73 | $922.09 | $0.00 | $964.82 | $172,526.64 |
129 | $172,526.64 | $922.09 | $0.00 | $975.49 | $174,424.22 |
130 | $174,424.22 | $922.09 | $0.00 | $986.22 | $176,332.53 |
131 | $176,332.53 | $922.09 | $0.00 | $997.01 | $178,251.63 |
132 | $178,251.63 | $922.09 | $0.00 | $1,007.86 | $180,181.58 |
133 | $180,181.58 | $922.09 | $0.00 | $1,018.77 | $182,122.44 |
134 | $182,122.44 | $922.09 | $0.00 | $1,029.75 | $184,074.28 |
135 | $184,074.28 | $922.09 | $0.00 | $1,040.78 | $186,037.15 |
136 | $186,037.15 | $922.09 | $0.00 | $1,051.88 | $188,011.12 |
137 | $188,011.12 | $922.09 | $0.00 | $1,063.04 | $189,996.25 |
138 | $189,996.25 | $922.09 | $0.00 | $1,074.27 | $191,992.61 |
139 | $191,992.61 | $922.09 | $0.00 | $1,085.55 | $194,000.25 |
140 | $194,000.25 | $922.09 | $0.00 | $1,096.91 | $196,019.25 |
141 | $196,019.25 | $922.09 | $0.00 | $1,108.32 | $198,049.66 |
142 | $198,049.66 | $922.09 | $0.00 | $1,119.80 | $200,091.55 |
143 | $200,091.55 | $922.09 | $0.00 | $1,131.35 | $202,144.99 |
144 | $202,144.99 | $922.09 | $0.00 | $1,142.96 | $204,210.04 |
145 | $204,210.04 | $922.09 | $0.00 | $1,154.63 | $206,286.76 |
146 | $206,286.76 | $922.09 | $0.00 | $1,166.38 | $208,375.23 |
147 | $208,375.23 | $922.09 | $0.00 | $1,178.18 | $210,475.50 |
148 | $210,475.50 | $922.09 | $0.00 | $1,190.06 | $212,587.65 |
149 | $212,587.65 | $922.09 | $0.00 | $1,202.00 | $214,711.74 |
150 | $214,711.74 | $922.09 | $0.00 | $1,214.01 | $216,847.84 |
151 | $216,847.84 | $922.09 | $0.00 | $1,226.09 | $218,996.02 |
152 | $218,996.02 | $922.09 | $0.00 | $1,238.24 | $221,156.35 |
153 | $221,156.35 | $922.09 | $0.00 | $1,250.45 | $223,328.89 |
154 | $223,328.89 | $922.09 | $0.00 | $1,262.73 | $225,513.71 |
155 | $225,513.71 | $922.09 | $0.00 | $1,275.09 | $227,710.89 |
156 | $227,710.89 | $922.09 | $0.00 | $1,287.51 | $229,920.49 |
157 | $229,920.49 | $922.09 | $0.00 | $1,300.00 | $232,142.58 |
158 | $232,142.58 | $922.09 | $0.00 | $1,312.57 | $234,377.24 |
159 | $234,377.24 | $922.09 | $0.00 | $1,325.20 | $236,624.53 |
160 | $236,624.53 | $922.09 | $0.00 | $1,337.91 | $238,884.53 |
161 | $238,884.53 | $922.09 | $0.00 | $1,350.69 | $241,157.31 |
162 | $241,157.31 | $922.09 | $0.00 | $1,363.54 | $243,442.94 |
163 | $243,442.94 | $922.09 | $0.00 | $1,376.46 | $245,741.49 |
164 | $245,741.49 | $922.09 | $0.00 | $1,389.46 | $248,053.04 |
165 | $248,053.04 | $922.09 | $0.00 | $1,402.53 | $250,377.66 |
166 | $250,377.66 | $922.09 | $0.00 | $1,415.67 | $252,715.42 |
167 | $252,715.42 | $922.09 | $0.00 | $1,428.89 | $255,066.40 |
168 | $255,066.40 | $922.09 | $0.00 | $1,442.18 | $257,430.67 |
169 | $257,430.67 | $922.09 | $0.00 | $1,455.55 | $259,808.31 |
170 | $259,808.31 | $922.09 | $0.00 | $1,468.99 | $262,199.39 |
171 | $262,199.39 | $922.09 | $0.00 | $1,482.51 | $264,603.99 |
172 | $264,603.99 | $922.09 | $0.00 | $1,496.11 | $267,022.19 |
173 | $267,022.19 | $922.09 | $0.00 | $1,509.78 | $269,454.06 |
174 | $269,454.06 | $922.09 | $0.00 | $1,523.53 | $271,899.68 |
175 | $271,899.68 | $922.09 | $0.00 | $1,537.36 | $274,359.13 |
176 | $274,359.13 | $922.09 | $0.00 | $1,551.27 | $276,832.49 |
177 | $276,832.49 | $922.09 | $0.00 | $1,565.25 | $279,319.83 |
178 | $279,319.83 | $922.09 | $0.00 | $1,579.31 | $281,821.23 |
179 | $281,821.23 | $922.09 | $0.00 | $1,593.46 | $284,336.78 |
180 | $284,336.78 | $922.09 | $0.00 | $1,607.68 | $286,866.55 |
181 | $286,866.55 | $922.09 | $0.00 | $1,621.99 | $289,410.63 |
182 | $289,410.63 | $922.09 | $0.00 | $1,636.37 | $291,969.09 |
183 | $291,969.09 | $922.09 | $0.00 | $1,650.84 | $294,542.02 |
184 | $294,542.02 | $922.09 | $0.00 | $1,665.38 | $297,129.49 |
185 | $297,129.49 | $922.09 | $0.00 | $1,680.01 | $299,731.59 |
186 | $299,731.59 | $922.09 | $0.00 | $1,694.73 | $302,348.41 |
187 | $302,348.41 | $922.09 | $0.00 | $1,709.52 | $304,980.02 |
188 | $304,980.02 | $922.09 | $0.00 | $1,724.40 | $307,626.51 |
189 | $307,626.51 | $922.09 | $0.00 | $1,739.37 | $310,287.97 |
190 | $310,287.97 | $922.09 | $0.00 | $1,754.41 | $312,964.47 |
191 | $312,964.47 | $922.09 | $0.00 | $1,769.55 | $315,656.11 |
192 | $315,656.11 | $922.09 | $0.00 | $1,784.77 | $318,362.97 |
193 | $318,362.97 | $922.09 | $0.00 | $1,800.07 | $321,085.13 |
194 | $321,085.13 | $922.09 | $0.00 | $1,815.46 | $323,822.68 |
195 | $323,822.68 | $922.09 | $0.00 | $1,830.94 | $326,575.71 |
196 | $326,575.71 | $922.09 | $0.00 | $1,846.51 | $329,344.31 |
197 | $329,344.31 | $922.09 | $0.00 | $1,862.16 | $332,128.56 |
198 | $332,128.56 | $922.09 | $0.00 | $1,877.90 | $334,928.55 |
199 | $334,928.55 | $922.09 | $0.00 | $1,893.73 | $337,744.37 |
200 | $337,744.37 | $922.09 | $0.00 | $1,909.66 | $340,576.12 |
201 | $340,576.12 | $922.09 | $0.00 | $1,925.67 | $343,423.88 |
202 | $343,423.88 | $922.09 | $0.00 | $1,941.77 | $346,287.74 |
203 | $346,287.74 | $922.09 | $0.00 | $1,957.96 | $349,167.79 |
204 | $349,167.79 | $922.09 | $0.00 | $1,974.25 | $352,064.13 |
205 | $352,064.13 | $922.09 | $0.00 | $1,990.62 | $354,976.84 |
206 | $354,976.84 | $922.09 | $0.00 | $2,007.09 | $357,906.02 |
207 | $357,906.02 | $922.09 | $0.00 | $2,023.65 | $360,851.76 |
208 | $360,851.76 | $922.09 | $0.00 | $2,040.31 | $363,814.16 |
209 | $363,814.16 | $922.09 | $0.00 | $2,057.06 | $366,793.31 |
210 | $366,793.31 | $922.09 | $0.00 | $2,073.90 | $369,789.30 |
211 | $369,789.30 | $922.09 | $0.00 | $2,090.84 | $372,802.23 |
212 | $372,802.23 | $922.09 | $0.00 | $2,107.88 | $375,832.20 |
213 | $375,832.20 | $922.09 | $0.00 | $2,125.01 | $378,879.30 |
214 | $378,879.30 | $922.09 | $0.00 | $2,142.24 | $381,943.63 |
215 | $381,943.63 | $922.09 | $0.00 | $2,159.56 | $385,025.28 |
216 | $385,025.28 | $922.09 | $0.00 | $2,176.99 | $388,124.36 |
217 | $388,124.36 | $922.09 | $105,112.51 | $2,194.51 | $286,128.45 |
218 | $286,128.45 | $922.09 | $0.00 | $1,617.81 | $288,668.35 |
219 | $288,668.35 | $922.09 | $0.00 | $1,632.17 | $291,222.61 |
220 | $291,222.61 | $922.09 | $0.00 | $1,646.61 | $293,791.31 |
221 | $293,791.31 | $922.09 | $0.00 | $1,661.14 | $296,374.54 |
222 | $296,374.54 | $922.09 | $0.00 | $1,675.74 | $298,972.37 |
223 | $298,972.37 | $922.09 | $0.00 | $1,690.43 | $301,584.89 |
224 | $301,584.89 | $922.09 | $0.00 | $1,705.20 | $304,212.18 |
225 | $304,212.18 | $922.09 | $0.00 | $1,720.06 | $306,854.33 |
226 | $306,854.33 | $922.09 | $0.00 | $1,735.00 | $309,511.42 |
227 | $309,511.42 | $922.09 | $0.00 | $1,750.02 | $312,183.53 |
228 | $312,183.53 | $922.09 | $0.00 | $1,765.13 | $314,870.75 |
229 | $314,870.75 | $922.09 | $112,470.39 | $1,780.32 | $205,102.77 |
230 | $205,102.77 | $922.09 | $0.00 | $1,159.68 | $207,184.54 |
231 | $207,184.54 | $922.09 | $0.00 | $1,171.45 | $209,278.08 |
232 | $209,278.08 | $922.09 | $0.00 | $1,183.29 | $211,383.46 |
233 | $211,383.46 | $922.09 | $0.00 | $1,195.19 | $213,500.74 |
234 | $213,500.74 | $922.09 | $0.00 | $1,207.16 | $215,629.99 |
235 | $215,629.99 | $922.09 | $0.00 | $1,219.20 | $217,771.28 |
236 | $217,771.28 | $922.09 | $0.00 | $1,231.31 | $219,924.68 |
237 | $219,924.68 | $922.09 | $0.00 | $1,243.49 | $222,090.26 |
238 | $222,090.26 | $922.09 | $0.00 | $1,255.73 | $224,268.08 |
239 | $224,268.08 | $922.09 | $0.00 | $1,268.04 | $226,458.21 |
240 | $226,458.21 | $922.09 | $0.00 | $1,280.43 | $228,660.73 |
241 | $228,660.73 | $922.09 | $120,343.32 | $1,292.88 | $110,532.38 |
242 | $110,532.38 | $922.09 | $0.00 | $624.97 | $112,079.44 |
243 | $112,079.44 | $922.09 | $0.00 | $633.71 | $113,635.24 |
244 | $113,635.24 | $922.09 | $0.00 | $642.51 | $115,199.84 |
245 | $115,199.84 | $922.09 | $0.00 | $651.36 | $116,773.29 |
246 | $116,773.29 | $922.09 | $0.00 | $660.25 | $118,355.63 |
247 | $118,355.63 | $922.09 | $0.00 | $669.20 | $119,946.92 |
248 | $119,946.92 | $922.09 | $0.00 | $678.20 | $121,547.21 |
249 | $121,547.21 | $922.09 | $0.00 | $687.25 | $123,156.55 |
250 | $123,156.55 | $922.09 | $0.00 | $696.35 | $124,774.99 |
251 | $124,774.99 | $922.09 | $0.00 | $705.50 | $126,402.58 |
252 | $126,402.58 | $922.09 | $0.00 | $714.70 | $128,039.37 |
253 | $128,039.37 | $0.00 | $128,767.35 | $723.95 | -$4.03 |