| Estimated Annual Cost in 2042 | $66,085 |
| Monthly savings required | $294 |
How much will it cost to send your child to New Mexico Military Institute in 18 years and how much do you need to save? A 2 year degree is estimated to be priced at $132,170.12 for students enrolling in 2042 if tuition increases average 7% per year until then. Assuming you have no current college savings, monthly deposits of $293.60 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 | $18,891.00 |
| Years until enrollment | 18 |
| Annual Tuition Increase | 7% |
| Current Savings | $0.00 |
| After Tax Return on Savings | 7% |
| Years of enrollment | 2 |
Discover how much will you need to start saving now to afford New Mexico Military Institute in the future.
| Month | Begin | Deposit | Withdraw | Interest | End |
|---|---|---|---|---|---|
| 1 | $0.00 | $293.60 | $0.00 | $0.00 | $293.60 |
| 2 | $293.60 | $293.60 | $0.00 | $1.66 | $588.86 |
| 3 | $588.86 | $293.60 | $0.00 | $3.33 | $885.79 |
| 4 | $885.79 | $293.60 | $0.00 | $5.01 | $1,184.40 |
| 5 | $1,184.40 | $293.60 | $0.00 | $6.70 | $1,484.70 |
| 6 | $1,484.70 | $293.60 | $0.00 | $8.39 | $1,786.69 |
| 7 | $1,786.69 | $293.60 | $0.00 | $10.10 | $2,090.39 |
| 8 | $2,090.39 | $293.60 | $0.00 | $11.82 | $2,395.81 |
| 9 | $2,395.81 | $293.60 | $0.00 | $13.55 | $2,702.96 |
| 10 | $2,702.96 | $293.60 | $0.00 | $15.28 | $3,011.84 |
| 11 | $3,011.84 | $293.60 | $0.00 | $17.03 | $3,322.47 |
| 12 | $3,322.47 | $293.60 | $0.00 | $18.79 | $3,634.86 |
| 13 | $3,634.86 | $293.60 | $0.00 | $20.55 | $3,949.01 |
| 14 | $3,949.01 | $293.60 | $0.00 | $22.33 | $4,264.94 |
| 15 | $4,264.94 | $293.60 | $0.00 | $24.11 | $4,582.65 |
| 16 | $4,582.65 | $293.60 | $0.00 | $25.91 | $4,902.16 |
| 17 | $4,902.16 | $293.60 | $0.00 | $27.72 | $5,223.48 |
| 18 | $5,223.48 | $293.60 | $0.00 | $29.53 | $5,546.61 |
| 19 | $5,546.61 | $293.60 | $0.00 | $31.36 | $5,871.57 |
| 20 | $5,871.57 | $293.60 | $0.00 | $33.20 | $6,198.37 |
| 21 | $6,198.37 | $293.60 | $0.00 | $35.05 | $6,527.02 |
| 22 | $6,527.02 | $293.60 | $0.00 | $36.90 | $6,857.52 |
| 23 | $6,857.52 | $293.60 | $0.00 | $38.77 | $7,189.89 |
| 24 | $7,189.89 | $293.60 | $0.00 | $40.65 | $7,524.14 |
| 25 | $7,524.14 | $293.60 | $0.00 | $42.54 | $7,860.28 |
| 26 | $7,860.28 | $293.60 | $0.00 | $44.44 | $8,198.32 |
| 27 | $8,198.32 | $293.60 | $0.00 | $46.35 | $8,538.27 |
| 28 | $8,538.27 | $293.60 | $0.00 | $48.28 | $8,880.15 |
| 29 | $8,880.15 | $293.60 | $0.00 | $50.21 | $9,223.96 |
| 30 | $9,223.96 | $293.60 | $0.00 | $52.15 | $9,569.71 |
| 31 | $9,569.71 | $293.60 | $0.00 | $54.11 | $9,917.42 |
| 32 | $9,917.42 | $293.60 | $0.00 | $56.07 | $10,267.09 |
| 33 | $10,267.09 | $293.60 | $0.00 | $58.05 | $10,618.74 |
| 34 | $10,618.74 | $293.60 | $0.00 | $60.04 | $10,972.38 |
| 35 | $10,972.38 | $293.60 | $0.00 | $62.04 | $11,328.02 |
| 36 | $11,328.02 | $293.60 | $0.00 | $64.05 | $11,685.67 |
| 37 | $11,685.67 | $293.60 | $0.00 | $66.07 | $12,045.34 |
| 38 | $12,045.34 | $293.60 | $0.00 | $68.11 | $12,407.05 |
| 39 | $12,407.05 | $293.60 | $0.00 | $70.15 | $12,770.80 |
| 40 | $12,770.80 | $293.60 | $0.00 | $72.21 | $13,136.61 |
| 41 | $13,136.61 | $293.60 | $0.00 | $74.28 | $13,504.49 |
| 42 | $13,504.49 | $293.60 | $0.00 | $76.36 | $13,874.45 |
| 43 | $13,874.45 | $293.60 | $0.00 | $78.45 | $14,246.50 |
| 44 | $14,246.50 | $293.60 | $0.00 | $80.55 | $14,620.65 |
| 45 | $14,620.65 | $293.60 | $0.00 | $82.67 | $14,996.92 |
| 46 | $14,996.92 | $293.60 | $0.00 | $84.79 | $15,375.31 |
| 47 | $15,375.31 | $293.60 | $0.00 | $86.93 | $15,755.84 |
| 48 | $15,755.84 | $293.60 | $0.00 | $89.09 | $16,138.53 |
| 49 | $16,138.53 | $293.60 | $0.00 | $91.25 | $16,523.38 |
| 50 | $16,523.38 | $293.60 | $0.00 | $93.43 | $16,910.41 |
| 51 | $16,910.41 | $293.60 | $0.00 | $95.61 | $17,299.62 |
| 52 | $17,299.62 | $293.60 | $0.00 | $97.81 | $17,691.03 |
| 53 | $17,691.03 | $293.60 | $0.00 | $100.03 | $18,084.66 |
| 54 | $18,084.66 | $293.60 | $0.00 | $102.25 | $18,480.51 |
| 55 | $18,480.51 | $293.60 | $0.00 | $104.49 | $18,878.60 |
| 56 | $18,878.60 | $293.60 | $0.00 | $106.74 | $19,278.94 |
| 57 | $19,278.94 | $293.60 | $0.00 | $109.01 | $19,681.55 |
| 58 | $19,681.55 | $293.60 | $0.00 | $111.28 | $20,086.43 |
| 59 | $20,086.43 | $293.60 | $0.00 | $113.57 | $20,493.60 |
| 60 | $20,493.60 | $293.60 | $0.00 | $115.87 | $20,903.07 |
| 61 | $20,903.07 | $293.60 | $0.00 | $118.19 | $21,314.86 |
| 62 | $21,314.86 | $293.60 | $0.00 | $120.52 | $21,728.98 |
| 63 | $21,728.98 | $293.60 | $0.00 | $122.86 | $22,145.44 |
| 64 | $22,145.44 | $293.60 | $0.00 | $125.21 | $22,564.25 |
| 65 | $22,564.25 | $293.60 | $0.00 | $127.58 | $22,985.43 |
| 66 | $22,985.43 | $293.60 | $0.00 | $129.96 | $23,408.99 |
| 67 | $23,408.99 | $293.60 | $0.00 | $132.36 | $23,834.95 |
| 68 | $23,834.95 | $293.60 | $0.00 | $134.77 | $24,263.32 |
| 69 | $24,263.32 | $293.60 | $0.00 | $137.19 | $24,694.11 |
| 70 | $24,694.11 | $293.60 | $0.00 | $139.62 | $25,127.33 |
| 71 | $25,127.33 | $293.60 | $0.00 | $142.07 | $25,563.00 |
| 72 | $25,563.00 | $293.60 | $0.00 | $144.54 | $26,001.14 |
| 73 | $26,001.14 | $293.60 | $0.00 | $147.01 | $26,441.75 |
| 74 | $26,441.75 | $293.60 | $0.00 | $149.51 | $26,884.86 |
| 75 | $26,884.86 | $293.60 | $0.00 | $152.01 | $27,330.47 |
| 76 | $27,330.47 | $293.60 | $0.00 | $154.53 | $27,778.60 |
| 77 | $27,778.60 | $293.60 | $0.00 | $157.06 | $28,229.26 |
| 78 | $28,229.26 | $293.60 | $0.00 | $159.61 | $28,682.47 |
| 79 | $28,682.47 | $293.60 | $0.00 | $162.17 | $29,138.24 |
| 80 | $29,138.24 | $293.60 | $0.00 | $164.75 | $29,596.59 |
| 81 | $29,596.59 | $293.60 | $0.00 | $167.34 | $30,057.53 |
| 82 | $30,057.53 | $293.60 | $0.00 | $169.95 | $30,521.08 |
| 83 | $30,521.08 | $293.60 | $0.00 | $172.57 | $30,987.25 |
| 84 | $30,987.25 | $293.60 | $0.00 | $175.21 | $31,456.06 |
| 85 | $31,456.06 | $293.60 | $0.00 | $177.86 | $31,927.52 |
| 86 | $31,927.52 | $293.60 | $0.00 | $180.52 | $32,401.64 |
| 87 | $32,401.64 | $293.60 | $0.00 | $183.20 | $32,878.44 |
| 88 | $32,878.44 | $293.60 | $0.00 | $185.90 | $33,357.94 |
| 89 | $33,357.94 | $293.60 | $0.00 | $188.61 | $33,840.15 |
| 90 | $33,840.15 | $293.60 | $0.00 | $191.34 | $34,325.09 |
| 91 | $34,325.09 | $293.60 | $0.00 | $194.08 | $34,812.77 |
| 92 | $34,812.77 | $293.60 | $0.00 | $196.84 | $35,303.21 |
| 93 | $35,303.21 | $293.60 | $0.00 | $199.61 | $35,796.42 |
| 94 | $35,796.42 | $293.60 | $0.00 | $202.40 | $36,292.42 |
| 95 | $36,292.42 | $293.60 | $0.00 | $205.20 | $36,791.22 |
| 96 | $36,791.22 | $293.60 | $0.00 | $208.02 | $37,292.84 |
| 97 | $37,292.84 | $293.60 | $0.00 | $210.86 | $37,797.30 |
| 98 | $37,797.30 | $293.60 | $0.00 | $213.71 | $38,304.61 |
| 99 | $38,304.61 | $293.60 | $0.00 | $216.58 | $38,814.79 |
| 100 | $38,814.79 | $293.60 | $0.00 | $219.46 | $39,327.85 |
| 101 | $39,327.85 | $293.60 | $0.00 | $222.37 | $39,843.82 |
| 102 | $39,843.82 | $293.60 | $0.00 | $225.28 | $40,362.70 |
| 103 | $40,362.70 | $293.60 | $0.00 | $228.22 | $40,884.52 |
| 104 | $40,884.52 | $293.60 | $0.00 | $231.17 | $41,409.29 |
| 105 | $41,409.29 | $293.60 | $0.00 | $234.13 | $41,937.02 |
| 106 | $41,937.02 | $293.60 | $0.00 | $237.12 | $42,467.74 |
| 107 | $42,467.74 | $293.60 | $0.00 | $240.12 | $43,001.46 |
| 108 | $43,001.46 | $293.60 | $0.00 | $243.14 | $43,538.20 |
| 109 | $43,538.20 | $293.60 | $0.00 | $246.17 | $44,077.97 |
| 110 | $44,077.97 | $293.60 | $0.00 | $249.22 | $44,620.79 |
| 111 | $44,620.79 | $293.60 | $0.00 | $252.29 | $45,166.68 |
| 112 | $45,166.68 | $293.60 | $0.00 | $255.38 | $45,715.66 |
| 113 | $45,715.66 | $293.60 | $0.00 | $258.48 | $46,267.74 |
| 114 | $46,267.74 | $293.60 | $0.00 | $261.60 | $46,822.94 |
| 115 | $46,822.94 | $293.60 | $0.00 | $264.74 | $47,381.28 |
| 116 | $47,381.28 | $293.60 | $0.00 | $267.90 | $47,942.78 |
| 117 | $47,942.78 | $293.60 | $0.00 | $271.08 | $48,507.46 |
| 118 | $48,507.46 | $293.60 | $0.00 | $274.27 | $49,075.33 |
| 119 | $49,075.33 | $293.60 | $0.00 | $277.48 | $49,646.41 |
| 120 | $49,646.41 | $293.60 | $0.00 | $280.71 | $50,220.72 |
| 121 | $50,220.72 | $293.60 | $0.00 | $283.96 | $50,798.28 |
| 122 | $50,798.28 | $293.60 | $0.00 | $287.22 | $51,379.10 |
| 123 | $51,379.10 | $293.60 | $0.00 | $290.50 | $51,963.20 |
| 124 | $51,963.20 | $293.60 | $0.00 | $293.81 | $52,550.61 |
| 125 | $52,550.61 | $293.60 | $0.00 | $297.13 | $53,141.34 |
| 126 | $53,141.34 | $293.60 | $0.00 | $300.47 | $53,735.41 |
| 127 | $53,735.41 | $293.60 | $0.00 | $303.83 | $54,332.84 |
| 128 | $54,332.84 | $293.60 | $0.00 | $307.21 | $54,933.65 |
| 129 | $54,933.65 | $293.60 | $0.00 | $310.60 | $55,537.85 |
| 130 | $55,537.85 | $293.60 | $0.00 | $314.02 | $56,145.47 |
| 131 | $56,145.47 | $293.60 | $0.00 | $317.45 | $56,756.52 |
| 132 | $56,756.52 | $293.60 | $0.00 | $320.91 | $57,371.03 |
| 133 | $57,371.03 | $293.60 | $0.00 | $324.38 | $57,989.01 |
| 134 | $57,989.01 | $293.60 | $0.00 | $327.88 | $58,610.49 |
| 135 | $58,610.49 | $293.60 | $0.00 | $331.39 | $59,235.48 |
| 136 | $59,235.48 | $293.60 | $0.00 | $334.93 | $59,864.01 |
| 137 | $59,864.01 | $293.60 | $0.00 | $338.48 | $60,496.09 |
| 138 | $60,496.09 | $293.60 | $0.00 | $342.05 | $61,131.74 |
| 139 | $61,131.74 | $293.60 | $0.00 | $345.65 | $61,770.99 |
| 140 | $61,770.99 | $293.60 | $0.00 | $349.26 | $62,413.85 |
| 141 | $62,413.85 | $293.60 | $0.00 | $352.90 | $63,060.35 |
| 142 | $63,060.35 | $293.60 | $0.00 | $356.55 | $63,710.50 |
| 143 | $63,710.50 | $293.60 | $0.00 | $360.23 | $64,364.33 |
| 144 | $64,364.33 | $293.60 | $0.00 | $363.93 | $65,021.86 |
| 145 | $65,021.86 | $293.60 | $0.00 | $367.64 | $65,683.10 |
| 146 | $65,683.10 | $293.60 | $0.00 | $371.38 | $66,348.08 |
| 147 | $66,348.08 | $293.60 | $0.00 | $375.14 | $67,016.82 |
| 148 | $67,016.82 | $293.60 | $0.00 | $378.92 | $67,689.34 |
| 149 | $67,689.34 | $293.60 | $0.00 | $382.73 | $68,365.67 |
| 150 | $68,365.67 | $293.60 | $0.00 | $386.55 | $69,045.82 |
| 151 | $69,045.82 | $293.60 | $0.00 | $390.40 | $69,729.82 |
| 152 | $69,729.82 | $293.60 | $0.00 | $394.26 | $70,417.68 |
| 153 | $70,417.68 | $293.60 | $0.00 | $398.15 | $71,109.43 |
| 154 | $71,109.43 | $293.60 | $0.00 | $402.06 | $71,805.09 |
| 155 | $71,805.09 | $293.60 | $0.00 | $406.00 | $72,504.69 |
| 156 | $72,504.69 | $293.60 | $0.00 | $409.95 | $73,208.24 |
| 157 | $73,208.24 | $293.60 | $0.00 | $413.93 | $73,915.77 |
| 158 | $73,915.77 | $293.60 | $0.00 | $417.93 | $74,627.30 |
| 159 | $74,627.30 | $293.60 | $0.00 | $421.95 | $75,342.85 |
| 160 | $75,342.85 | $293.60 | $0.00 | $426.00 | $76,062.45 |
| 161 | $76,062.45 | $293.60 | $0.00 | $430.07 | $76,786.12 |
| 162 | $76,786.12 | $293.60 | $0.00 | $434.16 | $77,513.88 |
| 163 | $77,513.88 | $293.60 | $0.00 | $438.27 | $78,245.75 |
| 164 | $78,245.75 | $293.60 | $0.00 | $442.41 | $78,981.76 |
| 165 | $78,981.76 | $293.60 | $0.00 | $446.57 | $79,721.93 |
| 166 | $79,721.93 | $293.60 | $0.00 | $450.76 | $80,466.29 |
| 167 | $80,466.29 | $293.60 | $0.00 | $454.97 | $81,214.86 |
| 168 | $81,214.86 | $293.60 | $0.00 | $459.20 | $81,967.66 |
| 169 | $81,967.66 | $293.60 | $0.00 | $463.46 | $82,724.72 |
| 170 | $82,724.72 | $293.60 | $0.00 | $467.74 | $83,486.06 |
| 171 | $83,486.06 | $293.60 | $0.00 | $472.04 | $84,251.70 |
| 172 | $84,251.70 | $293.60 | $0.00 | $476.37 | $85,021.67 |
| 173 | $85,021.67 | $293.60 | $0.00 | $480.72 | $85,795.99 |
| 174 | $85,795.99 | $293.60 | $0.00 | $485.10 | $86,574.69 |
| 175 | $86,574.69 | $293.60 | $0.00 | $489.51 | $87,357.80 |
| 176 | $87,357.80 | $293.60 | $0.00 | $493.93 | $88,145.33 |
| 177 | $88,145.33 | $293.60 | $0.00 | $498.39 | $88,937.32 |
| 178 | $88,937.32 | $293.60 | $0.00 | $502.86 | $89,733.78 |
| 179 | $89,733.78 | $293.60 | $0.00 | $507.37 | $90,534.75 |
| 180 | $90,534.75 | $293.60 | $0.00 | $511.90 | $91,340.25 |
| 181 | $91,340.25 | $293.60 | $0.00 | $516.45 | $92,150.30 |
| 182 | $92,150.30 | $293.60 | $0.00 | $521.03 | $92,964.93 |
| 183 | $92,964.93 | $293.60 | $0.00 | $525.64 | $93,784.17 |
| 184 | $93,784.17 | $293.60 | $0.00 | $530.27 | $94,608.04 |
| 185 | $94,608.04 | $293.60 | $0.00 | $534.93 | $95,436.57 |
| 186 | $95,436.57 | $293.60 | $0.00 | $539.61 | $96,269.78 |
| 187 | $96,269.78 | $293.60 | $0.00 | $544.32 | $97,107.70 |
| 188 | $97,107.70 | $293.60 | $0.00 | $549.06 | $97,950.36 |
| 189 | $97,950.36 | $293.60 | $0.00 | $553.83 | $98,797.79 |
| 190 | $98,797.79 | $293.60 | $0.00 | $558.62 | $99,650.01 |
| 191 | $99,650.01 | $293.60 | $0.00 | $563.44 | $100,507.05 |
| 192 | $100,507.05 | $293.60 | $0.00 | $568.28 | $101,368.93 |
| 193 | $101,368.93 | $293.60 | $0.00 | $573.15 | $102,235.68 |
| 194 | $102,235.68 | $293.60 | $0.00 | $578.06 | $103,107.34 |
| 195 | $103,107.34 | $293.60 | $0.00 | $582.98 | $103,983.92 |
| 196 | $103,983.92 | $293.60 | $0.00 | $587.94 | $104,865.46 |
| 197 | $104,865.46 | $293.60 | $0.00 | $592.92 | $105,751.98 |
| 198 | $105,751.98 | $293.60 | $0.00 | $597.94 | $106,643.52 |
| 199 | $106,643.52 | $293.60 | $0.00 | $602.98 | $107,540.10 |
| 200 | $107,540.10 | $293.60 | $0.00 | $608.05 | $108,441.75 |
| 201 | $108,441.75 | $293.60 | $0.00 | $613.15 | $109,348.50 |
| 202 | $109,348.50 | $293.60 | $0.00 | $618.27 | $110,260.37 |
| 203 | $110,260.37 | $293.60 | $0.00 | $623.43 | $111,177.40 |
| 204 | $111,177.40 | $293.60 | $0.00 | $628.61 | $112,099.61 |
| 205 | $112,099.61 | $293.60 | $0.00 | $633.83 | $113,027.04 |
| 206 | $113,027.04 | $293.60 | $0.00 | $639.07 | $113,959.71 |
| 207 | $113,959.71 | $293.60 | $0.00 | $644.34 | $114,897.65 |
| 208 | $114,897.65 | $293.60 | $0.00 | $649.65 | $115,840.90 |
| 209 | $115,840.90 | $293.60 | $0.00 | $654.98 | $116,789.48 |
| 210 | $116,789.48 | $293.60 | $0.00 | $660.34 | $117,743.42 |
| 211 | $117,743.42 | $293.60 | $0.00 | $665.74 | $118,702.76 |
| 212 | $118,702.76 | $293.60 | $0.00 | $671.16 | $119,667.52 |
| 213 | $119,667.52 | $293.60 | $0.00 | $676.62 | $120,637.74 |
| 214 | $120,637.74 | $293.60 | $0.00 | $682.10 | $121,613.44 |
| 215 | $121,613.44 | $293.60 | $0.00 | $687.62 | $122,594.66 |
| 216 | $122,594.66 | $293.60 | $0.00 | $693.17 | $123,581.43 |
| 217 | $123,581.43 | $293.60 | $63,850.30 | $698.75 | $60,723.48 |
| 218 | $60,723.48 | $293.60 | $0.00 | $343.34 | $61,360.42 |
| 219 | $61,360.42 | $293.60 | $0.00 | $346.94 | $62,000.96 |
| 220 | $62,000.96 | $293.60 | $0.00 | $350.56 | $62,645.12 |
| 221 | $62,645.12 | $293.60 | $0.00 | $354.20 | $63,292.92 |
| 222 | $63,292.92 | $293.60 | $0.00 | $357.87 | $63,944.39 |
| 223 | $63,944.39 | $293.60 | $0.00 | $361.55 | $64,599.54 |
| 224 | $64,599.54 | $293.60 | $0.00 | $365.26 | $65,258.40 |
| 225 | $65,258.40 | $293.60 | $0.00 | $368.98 | $65,920.98 |
| 226 | $65,920.98 | $293.60 | $0.00 | $372.73 | $66,587.31 |
| 227 | $66,587.31 | $293.60 | $0.00 | $376.49 | $67,257.40 |
| 228 | $67,257.40 | $293.60 | $0.00 | $380.28 | $67,931.28 |
| 229 | $67,931.28 | $0.00 | $68,319.82 | $384.09 | -$4.45 |