Savings Plan and Future Cost Estimation for Montana Tech of the University of Montana

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$88,806
Monthly savings required$702

How much will it cost to send your child to Montana Tech of the University of Montana in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $355,223.75 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $701.85 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$23,671.00
Years until enrollment18
Annual Tuition Increase7%
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 $701.85 $0.00 $0.00 $701.85
2 $701.85 $701.85 $0.00 $3.97 $1,407.67
3 $1,407.67 $701.85 $0.00 $7.96 $2,117.48
4 $2,117.48 $701.85 $0.00 $11.97 $2,831.30
5 $2,831.30 $701.85 $0.00 $16.01 $3,549.16
6 $3,549.16 $701.85 $0.00 $20.07 $4,271.08
7 $4,271.08 $701.85 $0.00 $24.15 $4,997.08
8 $4,997.08 $701.85 $0.00 $28.25 $5,727.18
9 $5,727.18 $701.85 $0.00 $32.38 $6,461.41
10 $6,461.41 $701.85 $0.00 $36.53 $7,199.79
11 $7,199.79 $701.85 $0.00 $40.71 $7,942.35
12 $7,942.35 $701.85 $0.00 $44.91 $8,689.11
13 $8,689.11 $701.85 $0.00 $49.13 $9,440.09
14 $9,440.09 $701.85 $0.00 $53.38 $10,195.32
15 $10,195.32 $701.85 $0.00 $57.65 $10,954.82
16 $10,954.82 $701.85 $0.00 $61.94 $11,718.61
17 $11,718.61 $701.85 $0.00 $66.26 $12,486.72
18 $12,486.72 $701.85 $0.00 $70.60 $13,259.17
19 $13,259.17 $701.85 $0.00 $74.97 $14,035.99
20 $14,035.99 $701.85 $0.00 $79.36 $14,817.20
21 $14,817.20 $701.85 $0.00 $83.78 $15,602.83
22 $15,602.83 $701.85 $0.00 $88.22 $16,392.90
23 $16,392.90 $701.85 $0.00 $92.69 $17,187.44
24 $17,187.44 $701.85 $0.00 $97.18 $17,986.47
25 $17,986.47 $701.85 $0.00 $101.70 $18,790.02
26 $18,790.02 $701.85 $0.00 $106.24 $19,598.11
27 $19,598.11 $701.85 $0.00 $110.81 $20,410.77
28 $20,410.77 $701.85 $0.00 $115.41 $21,228.03
29 $21,228.03 $701.85 $0.00 $120.03 $22,049.91
30 $22,049.91 $701.85 $0.00 $124.67 $22,876.43
31 $22,876.43 $701.85 $0.00 $129.35 $23,707.63
32 $23,707.63 $701.85 $0.00 $134.05 $24,543.53
33 $24,543.53 $701.85 $0.00 $138.77 $25,384.15
34 $25,384.15 $701.85 $0.00 $143.53 $26,229.53
35 $26,229.53 $701.85 $0.00 $148.31 $27,079.69
36 $27,079.69 $701.85 $0.00 $153.11 $27,934.65
37 $27,934.65 $701.85 $0.00 $157.95 $28,794.45
38 $28,794.45 $701.85 $0.00 $162.81 $29,659.11
39 $29,659.11 $701.85 $0.00 $167.70 $30,528.66
40 $30,528.66 $701.85 $0.00 $172.61 $31,403.12
41 $31,403.12 $701.85 $0.00 $177.56 $32,282.53
42 $32,282.53 $701.85 $0.00 $182.53 $33,166.91
43 $33,166.91 $701.85 $0.00 $187.53 $34,056.29
44 $34,056.29 $701.85 $0.00 $192.56 $34,950.70
45 $34,950.70 $701.85 $0.00 $197.62 $35,850.17
46 $35,850.17 $701.85 $0.00 $202.70 $36,754.72
47 $36,754.72 $701.85 $0.00 $207.82 $37,664.39
48 $37,664.39 $701.85 $0.00 $212.96 $38,579.20
49 $38,579.20 $701.85 $0.00 $218.13 $39,499.18
50 $39,499.18 $701.85 $0.00 $223.33 $40,424.36
51 $40,424.36 $701.85 $0.00 $228.57 $41,354.78
52 $41,354.78 $701.85 $0.00 $233.83 $42,290.46
53 $42,290.46 $701.85 $0.00 $239.12 $43,231.43
54 $43,231.43 $701.85 $0.00 $244.44 $44,177.72
55 $44,177.72 $701.85 $0.00 $249.79 $45,129.36
56 $45,129.36 $701.85 $0.00 $255.17 $46,086.38
57 $46,086.38 $701.85 $0.00 $260.58 $47,048.81
58 $47,048.81 $701.85 $0.00 $266.02 $48,016.68
59 $48,016.68 $701.85 $0.00 $271.49 $48,990.02
60 $48,990.02 $701.85 $0.00 $277.00 $49,968.87
61 $49,968.87 $701.85 $0.00 $282.53 $50,953.25
62 $50,953.25 $701.85 $0.00 $288.10 $51,943.20
63 $51,943.20 $701.85 $0.00 $293.69 $52,938.74
64 $52,938.74 $701.85 $0.00 $299.32 $53,939.91
65 $53,939.91 $701.85 $0.00 $304.98 $54,946.74
66 $54,946.74 $701.85 $0.00 $310.68 $55,959.27
67 $55,959.27 $701.85 $0.00 $316.40 $56,977.52
68 $56,977.52 $701.85 $0.00 $322.16 $58,001.53
69 $58,001.53 $701.85 $0.00 $327.95 $59,031.33
70 $59,031.33 $701.85 $0.00 $333.77 $60,066.95
71 $60,066.95 $701.85 $0.00 $339.63 $61,108.43
72 $61,108.43 $701.85 $0.00 $345.52 $62,155.80
73 $62,155.80 $701.85 $0.00 $351.44 $63,209.09
74 $63,209.09 $701.85 $0.00 $357.39 $64,268.33
75 $64,268.33 $701.85 $0.00 $363.38 $65,333.56
76 $65,333.56 $701.85 $0.00 $369.41 $66,404.82
77 $66,404.82 $701.85 $0.00 $375.46 $67,482.13
78 $67,482.13 $701.85 $0.00 $381.55 $68,565.53
79 $68,565.53 $701.85 $0.00 $387.68 $69,655.06
80 $69,655.06 $701.85 $0.00 $393.84 $70,750.75
81 $70,750.75 $701.85 $0.00 $400.04 $71,852.64
82 $71,852.64 $701.85 $0.00 $406.27 $72,960.76
83 $72,960.76 $701.85 $0.00 $412.53 $74,075.14
84 $74,075.14 $701.85 $0.00 $418.83 $75,195.82
85 $75,195.82 $701.85 $0.00 $425.17 $76,322.84
86 $76,322.84 $701.85 $0.00 $431.54 $77,456.23
87 $77,456.23 $701.85 $0.00 $437.95 $78,596.03
88 $78,596.03 $701.85 $0.00 $444.39 $79,742.27
89 $79,742.27 $701.85 $0.00 $450.87 $80,894.99
90 $80,894.99 $701.85 $0.00 $457.39 $82,054.23
91 $82,054.23 $701.85 $0.00 $463.95 $83,220.03
92 $83,220.03 $701.85 $0.00 $470.54 $84,392.42
93 $84,392.42 $701.85 $0.00 $477.17 $85,571.44
94 $85,571.44 $701.85 $0.00 $483.83 $86,757.12
95 $86,757.12 $701.85 $0.00 $490.54 $87,949.51
96 $87,949.51 $701.85 $0.00 $497.28 $89,148.64
97 $89,148.64 $701.85 $0.00 $504.06 $90,354.55
98 $90,354.55 $701.85 $0.00 $510.88 $91,567.28
99 $91,567.28 $701.85 $0.00 $517.73 $92,786.86
100 $92,786.86 $701.85 $0.00 $524.63 $94,013.34
101 $94,013.34 $701.85 $0.00 $531.57 $95,246.76
102 $95,246.76 $701.85 $0.00 $538.54 $96,487.15
103 $96,487.15 $701.85 $0.00 $545.55 $97,734.55
104 $97,734.55 $701.85 $0.00 $552.61 $98,989.01
105 $98,989.01 $701.85 $0.00 $559.70 $100,250.56
106 $100,250.56 $701.85 $0.00 $566.83 $101,519.24
107 $101,519.24 $701.85 $0.00 $574.00 $102,795.09
108 $102,795.09 $701.85 $0.00 $581.22 $104,078.16
109 $104,078.16 $701.85 $0.00 $588.47 $105,368.48
110 $105,368.48 $701.85 $0.00 $595.77 $106,666.10
111 $106,666.10 $701.85 $0.00 $603.11 $107,971.06
112 $107,971.06 $701.85 $0.00 $610.48 $109,283.39
113 $109,283.39 $701.85 $0.00 $617.90 $110,603.14
114 $110,603.14 $701.85 $0.00 $625.37 $111,930.36
115 $111,930.36 $701.85 $0.00 $632.87 $113,265.08
116 $113,265.08 $701.85 $0.00 $640.42 $114,607.35
117 $114,607.35 $701.85 $0.00 $648.01 $115,957.21
118 $115,957.21 $701.85 $0.00 $655.64 $117,314.70
119 $117,314.70 $701.85 $0.00 $663.31 $118,679.86
120 $118,679.86 $701.85 $0.00 $671.03 $120,052.74
121 $120,052.74 $701.85 $0.00 $678.80 $121,433.39
122 $121,433.39 $701.85 $0.00 $686.60 $122,821.84
123 $122,821.84 $701.85 $0.00 $694.45 $124,218.14
124 $124,218.14 $701.85 $0.00 $702.35 $125,622.34
125 $125,622.34 $701.85 $0.00 $710.29 $127,034.48
126 $127,034.48 $701.85 $0.00 $718.27 $128,454.60
127 $128,454.60 $701.85 $0.00 $726.30 $129,882.75
128 $129,882.75 $701.85 $0.00 $734.38 $131,318.98
129 $131,318.98 $701.85 $0.00 $742.50 $132,763.33
130 $132,763.33 $701.85 $0.00 $750.66 $134,215.84
131 $134,215.84 $701.85 $0.00 $758.88 $135,676.57
132 $135,676.57 $701.85 $0.00 $767.14 $137,145.56
133 $137,145.56 $701.85 $0.00 $775.44 $138,622.85
134 $138,622.85 $701.85 $0.00 $783.79 $140,108.49
135 $140,108.49 $701.85 $0.00 $792.19 $141,602.53
136 $141,602.53 $701.85 $0.00 $800.64 $143,105.02
137 $143,105.02 $701.85 $0.00 $809.14 $144,616.01
138 $144,616.01 $701.85 $0.00 $817.68 $146,135.54
139 $146,135.54 $701.85 $0.00 $826.27 $147,663.66
140 $147,663.66 $701.85 $0.00 $834.91 $149,200.42
141 $149,200.42 $701.85 $0.00 $843.60 $150,745.87
142 $150,745.87 $701.85 $0.00 $852.34 $152,300.06
143 $152,300.06 $701.85 $0.00 $861.13 $153,863.04
144 $153,863.04 $701.85 $0.00 $869.96 $155,434.85
145 $155,434.85 $701.85 $0.00 $878.85 $157,015.55
146 $157,015.55 $701.85 $0.00 $887.79 $158,605.19
147 $158,605.19 $701.85 $0.00 $896.78 $160,203.82
148 $160,203.82 $701.85 $0.00 $905.82 $161,811.49
149 $161,811.49 $701.85 $0.00 $914.91 $163,428.25
150 $163,428.25 $701.85 $0.00 $924.05 $165,054.15
151 $165,054.15 $701.85 $0.00 $933.24 $166,689.24
152 $166,689.24 $701.85 $0.00 $942.49 $168,333.58
153 $168,333.58 $701.85 $0.00 $951.78 $169,987.21
154 $169,987.21 $701.85 $0.00 $961.13 $171,650.19
155 $171,650.19 $701.85 $0.00 $970.54 $173,322.58
156 $173,322.58 $701.85 $0.00 $979.99 $175,004.42
157 $175,004.42 $701.85 $0.00 $989.50 $176,695.77
158 $176,695.77 $701.85 $0.00 $999.06 $178,396.68
159 $178,396.68 $701.85 $0.00 $1,008.68 $180,107.21
160 $180,107.21 $701.85 $0.00 $1,018.35 $181,827.41
161 $181,827.41 $701.85 $0.00 $1,028.08 $183,557.34
162 $183,557.34 $701.85 $0.00 $1,037.86 $185,297.05
163 $185,297.05 $701.85 $0.00 $1,047.70 $187,046.60
164 $187,046.60 $701.85 $0.00 $1,057.59 $188,806.04
165 $188,806.04 $701.85 $0.00 $1,067.54 $190,575.43
166 $190,575.43 $701.85 $0.00 $1,077.54 $192,354.82
167 $192,354.82 $701.85 $0.00 $1,087.60 $194,144.27
168 $194,144.27 $701.85 $0.00 $1,097.72 $195,943.84
169 $195,943.84 $701.85 $0.00 $1,107.89 $197,753.58
170 $197,753.58 $701.85 $0.00 $1,118.13 $199,573.56
171 $199,573.56 $701.85 $0.00 $1,128.42 $201,403.83
172 $201,403.83 $701.85 $0.00 $1,138.77 $203,244.45
173 $203,244.45 $701.85 $0.00 $1,149.17 $205,095.47
174 $205,095.47 $701.85 $0.00 $1,159.64 $206,956.96
175 $206,956.96 $701.85 $0.00 $1,170.16 $208,828.97
176 $208,828.97 $701.85 $0.00 $1,180.75 $210,711.57
177 $210,711.57 $701.85 $0.00 $1,191.39 $212,604.81
178 $212,604.81 $701.85 $0.00 $1,202.10 $214,508.76
179 $214,508.76 $701.85 $0.00 $1,212.86 $216,423.47
180 $216,423.47 $701.85 $0.00 $1,223.69 $218,349.01
181 $218,349.01 $701.85 $0.00 $1,234.58 $220,285.44
182 $220,285.44 $701.85 $0.00 $1,245.53 $222,232.82
183 $222,232.82 $701.85 $0.00 $1,256.54 $224,191.21
184 $224,191.21 $701.85 $0.00 $1,267.61 $226,160.67
185 $226,160.67 $701.85 $0.00 $1,278.75 $228,141.27
186 $228,141.27 $701.85 $0.00 $1,289.94 $230,133.06
187 $230,133.06 $701.85 $0.00 $1,301.21 $232,136.12
188 $232,136.12 $701.85 $0.00 $1,312.53 $234,150.50
189 $234,150.50 $701.85 $0.00 $1,323.92 $236,176.27
190 $236,176.27 $701.85 $0.00 $1,335.37 $238,213.49
191 $238,213.49 $701.85 $0.00 $1,346.89 $240,262.23
192 $240,262.23 $701.85 $0.00 $1,358.48 $242,322.56
193 $242,322.56 $701.85 $0.00 $1,370.13 $244,394.54
194 $244,394.54 $701.85 $0.00 $1,381.84 $246,478.23
195 $246,478.23 $701.85 $0.00 $1,393.62 $248,573.70
196 $248,573.70 $701.85 $0.00 $1,405.47 $250,681.02
197 $250,681.02 $701.85 $0.00 $1,417.39 $252,800.26
198 $252,800.26 $701.85 $0.00 $1,429.37 $254,931.48
199 $254,931.48 $701.85 $0.00 $1,441.42 $257,074.75
200 $257,074.75 $701.85 $0.00 $1,453.54 $259,230.14
201 $259,230.14 $701.85 $0.00 $1,465.72 $261,397.71
202 $261,397.71 $701.85 $0.00 $1,477.98 $263,577.54
203 $263,577.54 $701.85 $0.00 $1,490.31 $265,769.70
204 $265,769.70 $701.85 $0.00 $1,502.70 $267,974.25
205 $267,974.25 $701.85 $0.00 $1,515.17 $270,191.27
206 $270,191.27 $701.85 $0.00 $1,527.70 $272,420.82
207 $272,420.82 $701.85 $0.00 $1,540.31 $274,662.98
208 $274,662.98 $701.85 $0.00 $1,552.98 $276,917.81
209 $276,917.81 $701.85 $0.00 $1,565.73 $279,185.39
210 $279,185.39 $701.85 $0.00 $1,578.55 $281,465.79
211 $281,465.79 $701.85 $0.00 $1,591.45 $283,759.09
212 $283,759.09 $701.85 $0.00 $1,604.42 $286,065.36
213 $286,065.36 $701.85 $0.00 $1,617.46 $288,384.67
214 $288,384.67 $701.85 $0.00 $1,630.57 $290,717.09
215 $290,717.09 $701.85 $0.00 $1,643.76 $293,062.70
216 $293,062.70 $701.85 $0.00 $1,657.02 $295,421.57
217 $295,421.57 $701.85 $80,006.38 $1,670.36 $217,787.40
218 $217,787.40 $701.85 $0.00 $1,231.40 $219,720.65
219 $219,720.65 $701.85 $0.00 $1,242.33 $221,664.83
220 $221,664.83 $701.85 $0.00 $1,253.33 $223,620.01
221 $223,620.01 $701.85 $0.00 $1,264.38 $225,586.24
222 $225,586.24 $701.85 $0.00 $1,275.50 $227,563.59
223 $227,563.59 $701.85 $0.00 $1,286.68 $229,552.12
224 $229,552.12 $701.85 $0.00 $1,297.92 $231,551.89
225 $231,551.89 $701.85 $0.00 $1,309.23 $233,562.97
226 $233,562.97 $701.85 $0.00 $1,320.60 $235,585.42
227 $235,585.42 $701.85 $0.00 $1,332.03 $237,619.30
228 $237,619.30 $701.85 $0.00 $1,343.53 $239,664.68
229 $239,664.68 $701.85 $85,606.82 $1,355.10 $156,114.81
230 $156,114.81 $701.85 $0.00 $882.70 $157,699.36
231 $157,699.36 $701.85 $0.00 $891.66 $159,292.87
232 $159,292.87 $701.85 $0.00 $900.67 $160,895.39
233 $160,895.39 $701.85 $0.00 $909.73 $162,506.97
234 $162,506.97 $701.85 $0.00 $918.84 $164,127.66
235 $164,127.66 $701.85 $0.00 $928.00 $165,757.51
236 $165,757.51 $701.85 $0.00 $937.22 $167,396.58
237 $167,396.58 $701.85 $0.00 $946.48 $169,044.91
238 $169,044.91 $701.85 $0.00 $955.80 $170,702.56
239 $170,702.56 $701.85 $0.00 $965.18 $172,369.59
240 $172,369.59 $701.85 $0.00 $974.60 $174,046.04
241 $174,046.04 $701.85 $91,599.30 $984.08 $84,132.67
242 $84,132.67 $701.85 $0.00 $475.70 $85,310.22
243 $85,310.22 $701.85 $0.00 $482.36 $86,494.43
244 $86,494.43 $701.85 $0.00 $489.05 $87,685.33
245 $87,685.33 $701.85 $0.00 $495.79 $88,882.97
246 $88,882.97 $701.85 $0.00 $502.56 $90,087.38
247 $90,087.38 $701.85 $0.00 $509.37 $91,298.60
248 $91,298.60 $701.85 $0.00 $516.22 $92,516.67
249 $92,516.67 $701.85 $0.00 $523.10 $93,741.62
250 $93,741.62 $701.85 $0.00 $530.03 $94,973.50
251 $94,973.50 $701.85 $0.00 $536.99 $96,212.34
252 $96,212.34 $701.85 $0.00 $544.00 $97,458.19
253 $97,458.19 $0.00 $98,011.25 $551.04 -$2.02