Savings Plan and Future Cost Estimation for University of North Dakota

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$63,528
Monthly savings required$503

How much will it cost to send your child to University of North Dakota in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $254,113.58 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $502.87 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$24,498.00
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 $502.87 $0.00 $0.00 $502.87
2 $502.87 $502.87 $0.00 $2.84 $1,008.58
3 $1,008.58 $502.87 $0.00 $5.70 $1,517.15
4 $1,517.15 $502.87 $0.00 $8.58 $2,028.60
5 $2,028.60 $502.87 $0.00 $11.47 $2,542.94
6 $2,542.94 $502.87 $0.00 $14.38 $3,060.19
7 $3,060.19 $502.87 $0.00 $17.30 $3,580.36
8 $3,580.36 $502.87 $0.00 $20.24 $4,103.47
9 $4,103.47 $502.87 $0.00 $23.20 $4,629.54
10 $4,629.54 $502.87 $0.00 $26.18 $5,158.59
11 $5,158.59 $502.87 $0.00 $29.17 $5,690.63
12 $5,690.63 $502.87 $0.00 $32.18 $6,225.68
13 $6,225.68 $502.87 $0.00 $35.20 $6,763.75
14 $6,763.75 $502.87 $0.00 $38.24 $7,304.86
15 $7,304.86 $502.87 $0.00 $41.30 $7,849.03
16 $7,849.03 $502.87 $0.00 $44.38 $8,396.28
17 $8,396.28 $502.87 $0.00 $47.47 $8,946.62
18 $8,946.62 $502.87 $0.00 $50.59 $9,500.08
19 $9,500.08 $502.87 $0.00 $53.71 $10,056.66
20 $10,056.66 $502.87 $0.00 $56.86 $10,616.39
21 $10,616.39 $502.87 $0.00 $60.03 $11,179.29
22 $11,179.29 $502.87 $0.00 $63.21 $11,745.37
23 $11,745.37 $502.87 $0.00 $66.41 $12,314.65
24 $12,314.65 $502.87 $0.00 $69.63 $12,887.15
25 $12,887.15 $502.87 $0.00 $72.87 $13,462.89
26 $13,462.89 $502.87 $0.00 $76.12 $14,041.88
27 $14,041.88 $502.87 $0.00 $79.39 $14,624.14
28 $14,624.14 $502.87 $0.00 $82.69 $15,209.70
29 $15,209.70 $502.87 $0.00 $86.00 $15,798.57
30 $15,798.57 $502.87 $0.00 $89.33 $16,390.77
31 $16,390.77 $502.87 $0.00 $92.68 $16,986.32
32 $16,986.32 $502.87 $0.00 $96.04 $17,585.23
33 $17,585.23 $502.87 $0.00 $99.43 $18,187.53
34 $18,187.53 $502.87 $0.00 $102.83 $18,793.23
35 $18,793.23 $502.87 $0.00 $106.26 $19,402.36
36 $19,402.36 $502.87 $0.00 $109.70 $20,014.93
37 $20,014.93 $502.87 $0.00 $113.17 $20,630.97
38 $20,630.97 $502.87 $0.00 $116.65 $21,250.49
39 $21,250.49 $502.87 $0.00 $120.15 $21,873.51
40 $21,873.51 $502.87 $0.00 $123.68 $22,500.06
41 $22,500.06 $502.87 $0.00 $127.22 $23,130.15
42 $23,130.15 $502.87 $0.00 $130.78 $23,763.80
43 $23,763.80 $502.87 $0.00 $134.36 $24,401.03
44 $24,401.03 $502.87 $0.00 $137.97 $25,041.87
45 $25,041.87 $502.87 $0.00 $141.59 $25,686.33
46 $25,686.33 $502.87 $0.00 $145.23 $26,334.43
47 $26,334.43 $502.87 $0.00 $148.90 $26,986.20
48 $26,986.20 $502.87 $0.00 $152.58 $27,641.65
49 $27,641.65 $502.87 $0.00 $156.29 $28,300.81
50 $28,300.81 $502.87 $0.00 $160.02 $28,963.70
51 $28,963.70 $502.87 $0.00 $163.76 $29,630.33
52 $29,630.33 $502.87 $0.00 $167.53 $30,300.73
53 $30,300.73 $502.87 $0.00 $171.32 $30,974.92
54 $30,974.92 $502.87 $0.00 $175.14 $31,652.93
55 $31,652.93 $502.87 $0.00 $178.97 $32,334.77
56 $32,334.77 $502.87 $0.00 $182.83 $33,020.47
57 $33,020.47 $502.87 $0.00 $186.70 $33,710.04
58 $33,710.04 $502.87 $0.00 $190.60 $34,403.51
59 $34,403.51 $502.87 $0.00 $194.52 $35,100.90
60 $35,100.90 $502.87 $0.00 $198.47 $35,802.24
61 $35,802.24 $502.87 $0.00 $202.43 $36,507.54
62 $36,507.54 $502.87 $0.00 $206.42 $37,216.83
63 $37,216.83 $502.87 $0.00 $210.43 $37,930.13
64 $37,930.13 $502.87 $0.00 $214.46 $38,647.46
65 $38,647.46 $502.87 $0.00 $218.52 $39,368.85
66 $39,368.85 $502.87 $0.00 $222.60 $40,094.32
67 $40,094.32 $502.87 $0.00 $226.70 $40,823.89
68 $40,823.89 $502.87 $0.00 $230.82 $41,557.58
69 $41,557.58 $502.87 $0.00 $234.97 $42,295.42
70 $42,295.42 $502.87 $0.00 $239.14 $43,037.43
71 $43,037.43 $502.87 $0.00 $243.34 $43,783.64
72 $43,783.64 $502.87 $0.00 $247.56 $44,534.07
73 $44,534.07 $502.87 $0.00 $251.80 $45,288.74
74 $45,288.74 $502.87 $0.00 $256.07 $46,047.68
75 $46,047.68 $502.87 $0.00 $260.36 $46,810.91
76 $46,810.91 $502.87 $0.00 $264.68 $47,578.46
77 $47,578.46 $502.87 $0.00 $269.02 $48,350.35
78 $48,350.35 $502.87 $0.00 $273.38 $49,126.60
79 $49,126.60 $502.87 $0.00 $277.77 $49,907.24
80 $49,907.24 $502.87 $0.00 $282.18 $50,692.29
81 $50,692.29 $502.87 $0.00 $286.62 $51,481.78
82 $51,481.78 $502.87 $0.00 $291.09 $52,275.74
83 $52,275.74 $502.87 $0.00 $295.57 $53,074.18
84 $53,074.18 $502.87 $0.00 $300.09 $53,877.14
85 $53,877.14 $502.87 $0.00 $304.63 $54,684.64
86 $54,684.64 $502.87 $0.00 $309.19 $55,496.70
87 $55,496.70 $502.87 $0.00 $313.79 $56,313.36
88 $56,313.36 $502.87 $0.00 $318.40 $57,134.63
89 $57,134.63 $502.87 $0.00 $323.05 $57,960.55
90 $57,960.55 $502.87 $0.00 $327.72 $58,791.14
91 $58,791.14 $502.87 $0.00 $332.41 $59,626.42
92 $59,626.42 $502.87 $0.00 $337.14 $60,466.43
93 $60,466.43 $502.87 $0.00 $341.89 $61,311.19
94 $61,311.19 $502.87 $0.00 $346.66 $62,160.72
95 $62,160.72 $502.87 $0.00 $351.47 $63,015.06
96 $63,015.06 $502.87 $0.00 $356.30 $63,874.23
97 $63,874.23 $502.87 $0.00 $361.15 $64,738.25
98 $64,738.25 $502.87 $0.00 $366.04 $65,607.16
99 $65,607.16 $502.87 $0.00 $370.95 $66,480.98
100 $66,480.98 $502.87 $0.00 $375.89 $67,359.74
101 $67,359.74 $502.87 $0.00 $380.86 $68,243.47
102 $68,243.47 $502.87 $0.00 $385.86 $69,132.20
103 $69,132.20 $502.87 $0.00 $390.88 $70,025.95
104 $70,025.95 $502.87 $0.00 $395.94 $70,924.76
105 $70,924.76 $502.87 $0.00 $401.02 $71,828.65
106 $71,828.65 $502.87 $0.00 $406.13 $72,737.65
107 $72,737.65 $502.87 $0.00 $411.27 $73,651.79
108 $73,651.79 $502.87 $0.00 $416.44 $74,571.10
109 $74,571.10 $502.87 $0.00 $421.64 $75,495.61
110 $75,495.61 $502.87 $0.00 $426.86 $76,425.34
111 $76,425.34 $502.87 $0.00 $432.12 $77,360.33
112 $77,360.33 $502.87 $0.00 $437.41 $78,300.61
113 $78,300.61 $502.87 $0.00 $442.72 $79,246.20
114 $79,246.20 $502.87 $0.00 $448.07 $80,197.14
115 $80,197.14 $502.87 $0.00 $453.45 $81,153.46
116 $81,153.46 $502.87 $0.00 $458.85 $82,115.18
117 $82,115.18 $502.87 $0.00 $464.29 $83,082.34
118 $83,082.34 $502.87 $0.00 $469.76 $84,054.97
119 $84,054.97 $502.87 $0.00 $475.26 $85,033.10
120 $85,033.10 $502.87 $0.00 $480.79 $86,016.76
121 $86,016.76 $502.87 $0.00 $486.35 $87,005.98
122 $87,005.98 $502.87 $0.00 $491.94 $88,000.79
123 $88,000.79 $502.87 $0.00 $497.57 $89,001.23
124 $89,001.23 $502.87 $0.00 $503.23 $90,007.33
125 $90,007.33 $502.87 $0.00 $508.91 $91,019.11
126 $91,019.11 $502.87 $0.00 $514.64 $92,036.62
127 $92,036.62 $502.87 $0.00 $520.39 $93,059.88
128 $93,059.88 $502.87 $0.00 $526.17 $94,088.92
129 $94,088.92 $502.87 $0.00 $531.99 $95,123.78
130 $95,123.78 $502.87 $0.00 $537.84 $96,164.49
131 $96,164.49 $502.87 $0.00 $543.73 $97,211.09
132 $97,211.09 $502.87 $0.00 $549.65 $98,263.61
133 $98,263.61 $502.87 $0.00 $555.60 $99,322.08
134 $99,322.08 $502.87 $0.00 $561.58 $100,386.53
135 $100,386.53 $502.87 $0.00 $567.60 $101,457.00
136 $101,457.00 $502.87 $0.00 $573.65 $102,533.52
137 $102,533.52 $502.87 $0.00 $579.74 $103,616.13
138 $103,616.13 $502.87 $0.00 $585.86 $104,704.86
139 $104,704.86 $502.87 $0.00 $592.02 $105,799.75
140 $105,799.75 $502.87 $0.00 $598.21 $106,900.83
141 $106,900.83 $502.87 $0.00 $604.43 $108,008.13
142 $108,008.13 $502.87 $0.00 $610.69 $109,121.69
143 $109,121.69 $502.87 $0.00 $616.99 $110,241.55
144 $110,241.55 $502.87 $0.00 $623.32 $111,367.74
145 $111,367.74 $502.87 $0.00 $629.69 $112,500.30
146 $112,500.30 $502.87 $0.00 $636.09 $113,639.26
147 $113,639.26 $502.87 $0.00 $642.53 $114,784.66
148 $114,784.66 $502.87 $0.00 $649.01 $115,936.54
149 $115,936.54 $502.87 $0.00 $655.52 $117,094.93
150 $117,094.93 $502.87 $0.00 $662.07 $118,259.87
151 $118,259.87 $502.87 $0.00 $668.66 $119,431.40
152 $119,431.40 $502.87 $0.00 $675.28 $120,609.55
153 $120,609.55 $502.87 $0.00 $681.94 $121,794.36
154 $121,794.36 $502.87 $0.00 $688.64 $122,985.87
155 $122,985.87 $502.87 $0.00 $695.38 $124,184.12
156 $124,184.12 $502.87 $0.00 $702.16 $125,389.15
157 $125,389.15 $502.87 $0.00 $708.97 $126,600.99
158 $126,600.99 $502.87 $0.00 $715.82 $127,819.68
159 $127,819.68 $502.87 $0.00 $722.71 $129,045.26
160 $129,045.26 $502.87 $0.00 $729.64 $130,277.77
161 $130,277.77 $502.87 $0.00 $736.61 $131,517.25
162 $131,517.25 $502.87 $0.00 $743.62 $132,763.74
163 $132,763.74 $502.87 $0.00 $750.67 $134,017.28
164 $134,017.28 $502.87 $0.00 $757.75 $135,277.90
165 $135,277.90 $502.87 $0.00 $764.88 $136,545.65
166 $136,545.65 $502.87 $0.00 $772.05 $137,820.57
167 $137,820.57 $502.87 $0.00 $779.26 $139,102.70
168 $139,102.70 $502.87 $0.00 $786.51 $140,392.08
169 $140,392.08 $502.87 $0.00 $793.80 $141,688.75
170 $141,688.75 $502.87 $0.00 $801.13 $142,992.75
171 $142,992.75 $502.87 $0.00 $808.50 $144,304.12
172 $144,304.12 $502.87 $0.00 $815.92 $145,622.91
173 $145,622.91 $502.87 $0.00 $823.37 $146,949.15
174 $146,949.15 $502.87 $0.00 $830.87 $148,282.89
175 $148,282.89 $502.87 $0.00 $838.41 $149,624.17
176 $149,624.17 $502.87 $0.00 $846.00 $150,973.04
177 $150,973.04 $502.87 $0.00 $853.62 $152,329.53
178 $152,329.53 $502.87 $0.00 $861.29 $153,693.69
179 $153,693.69 $502.87 $0.00 $869.01 $155,065.57
180 $155,065.57 $502.87 $0.00 $876.76 $156,445.20
181 $156,445.20 $502.87 $0.00 $884.56 $157,832.63
182 $157,832.63 $502.87 $0.00 $892.41 $159,227.91
183 $159,227.91 $502.87 $0.00 $900.30 $160,631.08
184 $160,631.08 $502.87 $0.00 $908.23 $162,042.18
185 $162,042.18 $502.87 $0.00 $916.21 $163,461.26
186 $163,461.26 $502.87 $0.00 $924.23 $164,888.36
187 $164,888.36 $502.87 $0.00 $932.30 $166,323.53
188 $166,323.53 $502.87 $0.00 $940.42 $167,766.82
189 $167,766.82 $502.87 $0.00 $948.58 $169,218.27
190 $169,218.27 $502.87 $0.00 $956.78 $170,677.92
191 $170,677.92 $502.87 $0.00 $965.04 $172,145.83
192 $172,145.83 $502.87 $0.00 $973.34 $173,622.04
193 $173,622.04 $502.87 $0.00 $981.68 $175,106.59
194 $175,106.59 $502.87 $0.00 $990.08 $176,599.54
195 $176,599.54 $502.87 $0.00 $998.52 $178,100.93
196 $178,100.93 $502.87 $0.00 $1,007.01 $179,610.81
197 $179,610.81 $502.87 $0.00 $1,015.55 $181,129.23
198 $181,129.23 $502.87 $0.00 $1,024.13 $182,656.23
199 $182,656.23 $502.87 $0.00 $1,032.76 $184,191.86
200 $184,191.86 $502.87 $0.00 $1,041.45 $185,736.18
201 $185,736.18 $502.87 $0.00 $1,050.18 $187,289.23
202 $187,289.23 $502.87 $0.00 $1,058.96 $188,851.06
203 $188,851.06 $502.87 $0.00 $1,067.79 $190,421.72
204 $190,421.72 $502.87 $0.00 $1,076.67 $192,001.26
205 $192,001.26 $502.87 $0.00 $1,085.60 $193,589.73
206 $193,589.73 $502.87 $0.00 $1,094.58 $195,187.18
207 $195,187.18 $502.87 $0.00 $1,103.62 $196,793.67
208 $196,793.67 $502.87 $0.00 $1,112.70 $198,409.24
209 $198,409.24 $502.87 $0.00 $1,121.83 $200,033.94
210 $200,033.94 $502.87 $0.00 $1,131.02 $201,667.83
211 $201,667.83 $502.87 $0.00 $1,140.26 $203,310.96
212 $203,310.96 $502.87 $0.00 $1,149.55 $204,963.38
213 $204,963.38 $502.87 $0.00 $1,158.89 $206,625.14
214 $206,625.14 $502.87 $0.00 $1,168.29 $208,296.30
215 $208,296.30 $502.87 $0.00 $1,177.74 $209,976.91
216 $209,976.91 $502.87 $0.00 $1,187.24 $211,667.02
217 $211,667.02 $502.87 $58,957.36 $1,196.80 $154,409.33
218 $154,409.33 $502.87 $0.00 $873.05 $155,785.25
219 $155,785.25 $502.87 $0.00 $880.83 $157,168.95
220 $157,168.95 $502.87 $0.00 $888.66 $158,560.48
221 $158,560.48 $502.87 $0.00 $896.52 $159,959.87
222 $159,959.87 $502.87 $0.00 $904.44 $161,367.18
223 $161,367.18 $502.87 $0.00 $912.39 $162,782.44
224 $162,782.44 $502.87 $0.00 $920.40 $164,205.71
225 $164,205.71 $502.87 $0.00 $928.44 $165,637.02
226 $165,637.02 $502.87 $0.00 $936.54 $167,076.43
227 $167,076.43 $502.87 $0.00 $944.67 $168,523.97
228 $168,523.97 $502.87 $0.00 $952.86 $169,979.70
229 $169,979.70 $502.87 $61,905.23 $961.09 $109,538.43
230 $109,538.43 $502.87 $0.00 $619.35 $110,660.65
231 $110,660.65 $502.87 $0.00 $625.69 $111,789.21
232 $111,789.21 $502.87 $0.00 $632.07 $112,924.15
233 $112,924.15 $502.87 $0.00 $638.49 $114,065.51
234 $114,065.51 $502.87 $0.00 $644.94 $115,213.32
235 $115,213.32 $502.87 $0.00 $651.43 $116,367.62
236 $116,367.62 $502.87 $0.00 $657.96 $117,528.45
237 $117,528.45 $502.87 $0.00 $664.52 $118,695.84
238 $118,695.84 $502.87 $0.00 $671.12 $119,869.83
239 $119,869.83 $502.87 $0.00 $677.76 $121,050.46
240 $121,050.46 $502.87 $0.00 $684.44 $122,237.77
241 $122,237.77 $502.87 $65,000.49 $691.15 $58,431.30
242 $58,431.30 $502.87 $0.00 $330.38 $59,264.55
243 $59,264.55 $502.87 $0.00 $335.09 $60,102.51
244 $60,102.51 $502.87 $0.00 $339.83 $60,945.21
245 $60,945.21 $502.87 $0.00 $344.59 $61,792.67
246 $61,792.67 $502.87 $0.00 $349.38 $62,644.92
247 $62,644.92 $502.87 $0.00 $354.20 $63,501.99
248 $63,501.99 $502.87 $0.00 $359.05 $64,363.91
249 $64,363.91 $502.87 $0.00 $363.92 $65,230.70
250 $65,230.70 $502.87 $0.00 $368.82 $66,102.39
251 $66,102.39 $502.87 $0.00 $373.75 $66,979.01
252 $66,979.01 $502.87 $0.00 $378.71 $67,860.59
253 $67,860.59 $0.00 $68,250.51 $383.69 ($6.23)