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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$47,518
Monthly savings required$376

How much will it cost to send your child to Minot State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $190,071.73 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $376.15 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$18,324.00
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 $376.15 $0.00 $0.00 $376.15
2 $376.15 $376.15 $0.00 $2.13 $754.43
3 $754.43 $376.15 $0.00 $4.27 $1,134.85
4 $1,134.85 $376.15 $0.00 $6.42 $1,517.42
5 $1,517.42 $376.15 $0.00 $8.58 $1,902.15
6 $1,902.15 $376.15 $0.00 $10.76 $2,289.06
7 $2,289.06 $376.15 $0.00 $12.94 $2,678.15
8 $2,678.15 $376.15 $0.00 $15.14 $3,069.44
9 $3,069.44 $376.15 $0.00 $17.36 $3,462.95
10 $3,462.95 $376.15 $0.00 $19.58 $3,858.68
11 $3,858.68 $376.15 $0.00 $21.82 $4,256.65
12 $4,256.65 $376.15 $0.00 $24.07 $4,656.87
13 $4,656.87 $376.15 $0.00 $26.33 $5,059.35
14 $5,059.35 $376.15 $0.00 $28.61 $5,464.11
15 $5,464.11 $376.15 $0.00 $30.89 $5,871.15
16 $5,871.15 $376.15 $0.00 $33.20 $6,280.50
17 $6,280.50 $376.15 $0.00 $35.51 $6,692.16
18 $6,692.16 $376.15 $0.00 $37.84 $7,106.15
19 $7,106.15 $376.15 $0.00 $40.18 $7,522.48
20 $7,522.48 $376.15 $0.00 $42.53 $7,941.16
21 $7,941.16 $376.15 $0.00 $44.90 $8,362.21
22 $8,362.21 $376.15 $0.00 $47.28 $8,785.64
23 $8,785.64 $376.15 $0.00 $49.68 $9,211.47
24 $9,211.47 $376.15 $0.00 $52.08 $9,639.70
25 $9,639.70 $376.15 $0.00 $54.50 $10,070.35
26 $10,070.35 $376.15 $0.00 $56.94 $10,503.44
27 $10,503.44 $376.15 $0.00 $59.39 $10,938.98
28 $10,938.98 $376.15 $0.00 $61.85 $11,376.98
29 $11,376.98 $376.15 $0.00 $64.33 $11,817.46
30 $11,817.46 $376.15 $0.00 $66.82 $12,260.43
31 $12,260.43 $376.15 $0.00 $69.32 $12,705.90
32 $12,705.90 $376.15 $0.00 $71.84 $13,153.89
33 $13,153.89 $376.15 $0.00 $74.37 $13,604.41
34 $13,604.41 $376.15 $0.00 $76.92 $14,057.48
35 $14,057.48 $376.15 $0.00 $79.48 $14,513.11
36 $14,513.11 $376.15 $0.00 $82.06 $14,971.32
37 $14,971.32 $376.15 $0.00 $84.65 $15,432.12
38 $15,432.12 $376.15 $0.00 $87.26 $15,895.53
39 $15,895.53 $376.15 $0.00 $89.88 $16,361.56
40 $16,361.56 $376.15 $0.00 $92.51 $16,830.22
41 $16,830.22 $376.15 $0.00 $95.16 $17,301.53
42 $17,301.53 $376.15 $0.00 $97.83 $17,775.51
43 $17,775.51 $376.15 $0.00 $100.51 $18,252.17
44 $18,252.17 $376.15 $0.00 $103.20 $18,731.52
45 $18,731.52 $376.15 $0.00 $105.91 $19,213.58
46 $19,213.58 $376.15 $0.00 $108.64 $19,698.37
47 $19,698.37 $376.15 $0.00 $111.38 $20,185.90
48 $20,185.90 $376.15 $0.00 $114.13 $20,676.18
49 $20,676.18 $376.15 $0.00 $116.91 $21,169.24
50 $21,169.24 $376.15 $0.00 $119.69 $21,665.08
51 $21,665.08 $376.15 $0.00 $122.50 $22,163.73
52 $22,163.73 $376.15 $0.00 $125.32 $22,665.20
53 $22,665.20 $376.15 $0.00 $128.15 $23,169.50
54 $23,169.50 $376.15 $0.00 $131.00 $23,676.65
55 $23,676.65 $376.15 $0.00 $133.87 $24,186.67
56 $24,186.67 $376.15 $0.00 $136.75 $24,699.57
57 $24,699.57 $376.15 $0.00 $139.65 $25,215.37
58 $25,215.37 $376.15 $0.00 $142.57 $25,734.09
59 $25,734.09 $376.15 $0.00 $145.50 $26,255.74
60 $26,255.74 $376.15 $0.00 $148.45 $26,780.34
61 $26,780.34 $376.15 $0.00 $151.42 $27,307.91
62 $27,307.91 $376.15 $0.00 $154.40 $27,838.46
63 $27,838.46 $376.15 $0.00 $157.40 $28,372.01
64 $28,372.01 $376.15 $0.00 $160.42 $28,908.58
65 $28,908.58 $376.15 $0.00 $163.45 $29,448.18
66 $29,448.18 $376.15 $0.00 $166.50 $29,990.83
67 $29,990.83 $376.15 $0.00 $169.57 $30,536.55
68 $30,536.55 $376.15 $0.00 $172.66 $31,085.36
69 $31,085.36 $376.15 $0.00 $175.76 $31,637.27
70 $31,637.27 $376.15 $0.00 $178.88 $32,192.30
71 $32,192.30 $376.15 $0.00 $182.02 $32,750.47
72 $32,750.47 $376.15 $0.00 $185.18 $33,311.80
73 $33,311.80 $376.15 $0.00 $188.35 $33,876.30
74 $33,876.30 $376.15 $0.00 $191.54 $34,443.99
75 $34,443.99 $376.15 $0.00 $194.75 $35,014.89
76 $35,014.89 $376.15 $0.00 $197.98 $35,589.02
77 $35,589.02 $376.15 $0.00 $201.23 $36,166.40
78 $36,166.40 $376.15 $0.00 $204.49 $36,747.04
79 $36,747.04 $376.15 $0.00 $207.77 $37,330.96
80 $37,330.96 $376.15 $0.00 $211.07 $37,918.18
81 $37,918.18 $376.15 $0.00 $214.39 $38,508.72
82 $38,508.72 $376.15 $0.00 $217.73 $39,102.60
83 $39,102.60 $376.15 $0.00 $221.09 $39,699.84
84 $39,699.84 $376.15 $0.00 $224.47 $40,300.46
85 $40,300.46 $376.15 $0.00 $227.86 $40,904.47
86 $40,904.47 $376.15 $0.00 $231.28 $41,511.90
87 $41,511.90 $376.15 $0.00 $234.71 $42,122.76
88 $42,122.76 $376.15 $0.00 $238.17 $42,737.08
89 $42,737.08 $376.15 $0.00 $241.64 $43,354.87
90 $43,354.87 $376.15 $0.00 $245.13 $43,976.15
91 $43,976.15 $376.15 $0.00 $248.65 $44,600.95
92 $44,600.95 $376.15 $0.00 $252.18 $45,229.28
93 $45,229.28 $376.15 $0.00 $255.73 $45,861.16
94 $45,861.16 $376.15 $0.00 $259.31 $46,496.62
95 $46,496.62 $376.15 $0.00 $262.90 $47,135.67
96 $47,135.67 $376.15 $0.00 $266.51 $47,778.33
97 $47,778.33 $376.15 $0.00 $270.15 $48,424.63
98 $48,424.63 $376.15 $0.00 $273.80 $49,074.58
99 $49,074.58 $376.15 $0.00 $277.47 $49,728.20
100 $49,728.20 $376.15 $0.00 $281.17 $50,385.52
101 $50,385.52 $376.15 $0.00 $284.89 $51,046.56
102 $51,046.56 $376.15 $0.00 $288.62 $51,711.33
103 $51,711.33 $376.15 $0.00 $292.38 $52,379.86
104 $52,379.86 $376.15 $0.00 $296.16 $53,052.17
105 $53,052.17 $376.15 $0.00 $299.96 $53,728.28
106 $53,728.28 $376.15 $0.00 $303.79 $54,408.22
107 $54,408.22 $376.15 $0.00 $307.63 $55,092.00
108 $55,092.00 $376.15 $0.00 $311.50 $55,779.65
109 $55,779.65 $376.15 $0.00 $315.39 $56,471.19
110 $56,471.19 $376.15 $0.00 $319.30 $57,166.64
111 $57,166.64 $376.15 $0.00 $323.23 $57,866.02
112 $57,866.02 $376.15 $0.00 $327.18 $58,569.35
113 $58,569.35 $376.15 $0.00 $331.16 $59,276.66
114 $59,276.66 $376.15 $0.00 $335.16 $59,987.97
115 $59,987.97 $376.15 $0.00 $339.18 $60,703.30
116 $60,703.30 $376.15 $0.00 $343.23 $61,422.68
117 $61,422.68 $376.15 $0.00 $347.29 $62,146.12
118 $62,146.12 $376.15 $0.00 $351.38 $62,873.65
119 $62,873.65 $376.15 $0.00 $355.50 $63,605.30
120 $63,605.30 $376.15 $0.00 $359.63 $64,341.08
121 $64,341.08 $376.15 $0.00 $363.79 $65,081.02
122 $65,081.02 $376.15 $0.00 $367.98 $65,825.15
123 $65,825.15 $376.15 $0.00 $372.18 $66,573.48
124 $66,573.48 $376.15 $0.00 $376.42 $67,326.05
125 $67,326.05 $376.15 $0.00 $380.67 $68,082.87
126 $68,082.87 $376.15 $0.00 $384.95 $68,843.97
127 $68,843.97 $376.15 $0.00 $389.25 $69,609.37
128 $69,609.37 $376.15 $0.00 $393.58 $70,379.10
129 $70,379.10 $376.15 $0.00 $397.93 $71,153.18
130 $71,153.18 $376.15 $0.00 $402.31 $71,931.64
131 $71,931.64 $376.15 $0.00 $406.71 $72,714.50
132 $72,714.50 $376.15 $0.00 $411.14 $73,501.79
133 $73,501.79 $376.15 $0.00 $415.59 $74,293.53
134 $74,293.53 $376.15 $0.00 $420.07 $75,089.75
135 $75,089.75 $376.15 $0.00 $424.57 $75,890.47
136 $75,890.47 $376.15 $0.00 $429.10 $76,695.72
137 $76,695.72 $376.15 $0.00 $433.65 $77,505.52
138 $77,505.52 $376.15 $0.00 $438.23 $78,319.90
139 $78,319.90 $376.15 $0.00 $442.83 $79,138.88
140 $79,138.88 $376.15 $0.00 $447.46 $79,962.49
141 $79,962.49 $376.15 $0.00 $452.12 $80,790.76
142 $80,790.76 $376.15 $0.00 $456.80 $81,623.71
143 $81,623.71 $376.15 $0.00 $461.51 $82,461.37
144 $82,461.37 $376.15 $0.00 $466.25 $83,303.77
145 $83,303.77 $376.15 $0.00 $471.01 $84,150.93
146 $84,150.93 $376.15 $0.00 $475.80 $85,002.88
147 $85,002.88 $376.15 $0.00 $480.62 $85,859.65
148 $85,859.65 $376.15 $0.00 $485.46 $86,721.26
149 $86,721.26 $376.15 $0.00 $490.33 $87,587.74
150 $87,587.74 $376.15 $0.00 $495.23 $88,459.12
151 $88,459.12 $376.15 $0.00 $500.16 $89,335.43
152 $89,335.43 $376.15 $0.00 $505.12 $90,216.70
153 $90,216.70 $376.15 $0.00 $510.10 $91,102.95
154 $91,102.95 $376.15 $0.00 $515.11 $91,994.21
155 $91,994.21 $376.15 $0.00 $520.15 $92,890.51
156 $92,890.51 $376.15 $0.00 $525.22 $93,791.88
157 $93,791.88 $376.15 $0.00 $530.31 $94,698.34
158 $94,698.34 $376.15 $0.00 $535.44 $95,609.93
159 $95,609.93 $376.15 $0.00 $540.59 $96,526.67
160 $96,526.67 $376.15 $0.00 $545.78 $97,448.60
161 $97,448.60 $376.15 $0.00 $550.99 $98,375.74
162 $98,375.74 $376.15 $0.00 $556.23 $99,308.12
163 $99,308.12 $376.15 $0.00 $561.50 $100,245.77
164 $100,245.77 $376.15 $0.00 $566.80 $101,188.72
165 $101,188.72 $376.15 $0.00 $572.14 $102,137.01
166 $102,137.01 $376.15 $0.00 $577.50 $103,090.66
167 $103,090.66 $376.15 $0.00 $582.89 $104,049.70
168 $104,049.70 $376.15 $0.00 $588.31 $105,014.16
169 $105,014.16 $376.15 $0.00 $593.77 $105,984.08
170 $105,984.08 $376.15 $0.00 $599.25 $106,959.48
171 $106,959.48 $376.15 $0.00 $604.76 $107,940.39
172 $107,940.39 $376.15 $0.00 $610.31 $108,926.85
173 $108,926.85 $376.15 $0.00 $615.89 $109,918.89
174 $109,918.89 $376.15 $0.00 $621.50 $110,916.54
175 $110,916.54 $376.15 $0.00 $627.14 $111,919.83
176 $111,919.83 $376.15 $0.00 $632.81 $112,928.79
177 $112,928.79 $376.15 $0.00 $638.52 $113,943.46
178 $113,943.46 $376.15 $0.00 $644.25 $114,963.86
179 $114,963.86 $376.15 $0.00 $650.02 $115,990.03
180 $115,990.03 $376.15 $0.00 $655.82 $117,022.00
181 $117,022.00 $376.15 $0.00 $661.66 $118,059.81
182 $118,059.81 $376.15 $0.00 $667.53 $119,103.49
183 $119,103.49 $376.15 $0.00 $673.43 $120,153.07
184 $120,153.07 $376.15 $0.00 $679.36 $121,208.58
185 $121,208.58 $376.15 $0.00 $685.33 $122,270.06
186 $122,270.06 $376.15 $0.00 $691.33 $123,337.54
187 $123,337.54 $376.15 $0.00 $697.37 $124,411.06
188 $124,411.06 $376.15 $0.00 $703.44 $125,490.65
189 $125,490.65 $376.15 $0.00 $709.54 $126,576.34
190 $126,576.34 $376.15 $0.00 $715.68 $127,668.17
191 $127,668.17 $376.15 $0.00 $721.85 $128,766.17
192 $128,766.17 $376.15 $0.00 $728.06 $129,870.38
193 $129,870.38 $376.15 $0.00 $734.31 $130,980.84
194 $130,980.84 $376.15 $0.00 $740.58 $132,097.57
195 $132,097.57 $376.15 $0.00 $746.90 $133,220.62
196 $133,220.62 $376.15 $0.00 $753.25 $134,350.02
197 $134,350.02 $376.15 $0.00 $759.63 $135,485.80
198 $135,485.80 $376.15 $0.00 $766.06 $136,628.01
199 $136,628.01 $376.15 $0.00 $772.51 $137,776.67
200 $137,776.67 $376.15 $0.00 $779.01 $138,931.83
201 $138,931.83 $376.15 $0.00 $785.54 $140,093.52
202 $140,093.52 $376.15 $0.00 $792.11 $141,261.78
203 $141,261.78 $376.15 $0.00 $798.71 $142,436.64
204 $142,436.64 $376.15 $0.00 $805.36 $143,618.15
205 $143,618.15 $376.15 $0.00 $812.04 $144,806.34
206 $144,806.34 $376.15 $0.00 $818.76 $146,001.25
207 $146,001.25 $376.15 $0.00 $825.51 $147,202.91
208 $147,202.91 $376.15 $0.00 $832.31 $148,411.37
209 $148,411.37 $376.15 $0.00 $839.14 $149,626.66
210 $149,626.66 $376.15 $0.00 $846.01 $150,848.82
211 $150,848.82 $376.15 $0.00 $852.92 $152,077.89
212 $152,077.89 $376.15 $0.00 $859.87 $153,313.91
213 $153,313.91 $376.15 $0.00 $866.86 $154,556.92
214 $154,556.92 $376.15 $0.00 $873.89 $155,806.96
215 $155,806.96 $376.15 $0.00 $880.96 $157,064.07
216 $157,064.07 $376.15 $0.00 $888.06 $158,328.28
217 $158,328.28 $376.15 $44,098.89 $895.21 $115,500.75
218 $115,500.75 $376.15 $0.00 $653.06 $116,529.96
219 $116,529.96 $376.15 $0.00 $658.88 $117,564.99
220 $117,564.99 $376.15 $0.00 $664.73 $118,605.87
221 $118,605.87 $376.15 $0.00 $670.61 $119,652.63
222 $119,652.63 $376.15 $0.00 $676.53 $120,705.31
223 $120,705.31 $376.15 $0.00 $682.49 $121,763.95
224 $121,763.95 $376.15 $0.00 $688.47 $122,828.57
225 $122,828.57 $376.15 $0.00 $694.49 $123,899.21
226 $123,899.21 $376.15 $0.00 $700.54 $124,975.90
227 $124,975.90 $376.15 $0.00 $706.63 $126,058.68
228 $126,058.68 $376.15 $0.00 $712.75 $127,147.58
229 $127,147.58 $376.15 $46,303.84 $718.91 $81,938.80
230 $81,938.80 $376.15 $0.00 $463.29 $82,778.24
231 $82,778.24 $376.15 $0.00 $468.04 $83,622.43
232 $83,622.43 $376.15 $0.00 $472.81 $84,471.39
233 $84,471.39 $376.15 $0.00 $477.61 $85,325.15
234 $85,325.15 $376.15 $0.00 $482.44 $86,183.74
235 $86,183.74 $376.15 $0.00 $487.30 $87,047.19
236 $87,047.19 $376.15 $0.00 $492.18 $87,915.52
237 $87,915.52 $376.15 $0.00 $497.09 $88,788.76
238 $88,788.76 $376.15 $0.00 $502.02 $89,666.93
239 $89,666.93 $376.15 $0.00 $506.99 $90,550.07
240 $90,550.07 $376.15 $0.00 $511.98 $91,438.20
241 $91,438.20 $376.15 $48,619.03 $517.00 $43,712.32
242 $43,712.32 $376.15 $0.00 $247.16 $44,335.63
243 $44,335.63 $376.15 $0.00 $250.68 $44,962.46
244 $44,962.46 $376.15 $0.00 $254.22 $45,592.83
245 $45,592.83 $376.15 $0.00 $257.79 $46,226.77
246 $46,226.77 $376.15 $0.00 $261.37 $46,864.29
247 $46,864.29 $376.15 $0.00 $264.98 $47,505.42
248 $47,505.42 $376.15 $0.00 $268.60 $48,150.17
249 $48,150.17 $376.15 $0.00 $272.25 $48,798.57
250 $48,798.57 $376.15 $0.00 $275.91 $49,450.63
251 $49,450.63 $376.15 $0.00 $279.60 $50,106.38
252 $50,106.38 $376.15 $0.00 $283.31 $50,765.84
253 $50,765.84 $0.00 $51,049.98 $287.04 $2.90