Savings Plan and Future Cost Estimation for University of Minnesota Twin Cities

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

Savings Plan and Future Cost Estimation

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.

Assumptions

Current Annual Cost$31,099.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

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