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 2041$64,218
Monthly savings required$508

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 $256,872.76 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $508.34 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$24,764.00
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 $508.34 $0.00 $0.00 $508.34
2 $508.34 $508.34 $0.00 $2.87 $1,019.55
3 $1,019.55 $508.34 $0.00 $5.76 $1,533.65
4 $1,533.65 $508.34 $0.00 $8.67 $2,050.66
5 $2,050.66 $508.34 $0.00 $11.59 $2,570.59
6 $2,570.59 $508.34 $0.00 $14.53 $3,093.46
7 $3,093.46 $508.34 $0.00 $17.49 $3,619.29
8 $3,619.29 $508.34 $0.00 $20.46 $4,148.09
9 $4,148.09 $508.34 $0.00 $23.45 $4,679.88
10 $4,679.88 $508.34 $0.00 $26.46 $5,214.68
11 $5,214.68 $508.34 $0.00 $29.48 $5,752.50
12 $5,752.50 $508.34 $0.00 $32.53 $6,293.37
13 $6,293.37 $508.34 $0.00 $35.58 $6,837.29
14 $6,837.29 $508.34 $0.00 $38.66 $7,384.29
15 $7,384.29 $508.34 $0.00 $41.75 $7,934.38
16 $7,934.38 $508.34 $0.00 $44.86 $8,487.58
17 $8,487.58 $508.34 $0.00 $47.99 $9,043.91
18 $9,043.91 $508.34 $0.00 $51.14 $9,603.39
19 $9,603.39 $508.34 $0.00 $54.30 $10,166.03
20 $10,166.03 $508.34 $0.00 $57.48 $10,731.85
21 $10,731.85 $508.34 $0.00 $60.68 $11,300.87
22 $11,300.87 $508.34 $0.00 $63.90 $11,873.11
23 $11,873.11 $508.34 $0.00 $67.13 $12,448.58
24 $12,448.58 $508.34 $0.00 $70.39 $13,027.31
25 $13,027.31 $508.34 $0.00 $73.66 $13,609.31
26 $13,609.31 $508.34 $0.00 $76.95 $14,194.60
27 $14,194.60 $508.34 $0.00 $80.26 $14,783.20
28 $14,783.20 $508.34 $0.00 $83.59 $15,375.13
29 $15,375.13 $508.34 $0.00 $86.93 $15,970.40
30 $15,970.40 $508.34 $0.00 $90.30 $16,569.04
31 $16,569.04 $508.34 $0.00 $93.68 $17,171.06
32 $17,171.06 $508.34 $0.00 $97.09 $17,776.49
33 $17,776.49 $508.34 $0.00 $100.51 $18,385.34
34 $18,385.34 $508.34 $0.00 $103.95 $18,997.63
35 $18,997.63 $508.34 $0.00 $107.42 $19,613.39
36 $19,613.39 $508.34 $0.00 $110.90 $20,232.63
37 $20,232.63 $508.34 $0.00 $114.40 $20,855.37
38 $20,855.37 $508.34 $0.00 $117.92 $21,481.63
39 $21,481.63 $508.34 $0.00 $121.46 $22,111.43
40 $22,111.43 $508.34 $0.00 $125.02 $22,744.79
41 $22,744.79 $508.34 $0.00 $128.60 $23,381.73
42 $23,381.73 $508.34 $0.00 $132.20 $24,022.27
43 $24,022.27 $508.34 $0.00 $135.83 $24,666.44
44 $24,666.44 $508.34 $0.00 $139.47 $25,314.25
45 $25,314.25 $508.34 $0.00 $143.13 $25,965.72
46 $25,965.72 $508.34 $0.00 $146.81 $26,620.87
47 $26,620.87 $508.34 $0.00 $150.52 $27,279.73
48 $27,279.73 $508.34 $0.00 $154.24 $27,942.31
49 $27,942.31 $508.34 $0.00 $157.99 $28,608.64
50 $28,608.64 $508.34 $0.00 $161.76 $29,278.74
51 $29,278.74 $508.34 $0.00 $165.55 $29,952.63
52 $29,952.63 $508.34 $0.00 $169.36 $30,630.33
53 $30,630.33 $508.34 $0.00 $173.19 $31,311.86
54 $31,311.86 $508.34 $0.00 $177.04 $31,997.24
55 $31,997.24 $508.34 $0.00 $180.92 $32,686.50
56 $32,686.50 $508.34 $0.00 $184.81 $33,379.65
57 $33,379.65 $508.34 $0.00 $188.73 $34,076.72
58 $34,076.72 $508.34 $0.00 $192.67 $34,777.73
59 $34,777.73 $508.34 $0.00 $196.64 $35,482.71
60 $35,482.71 $508.34 $0.00 $200.62 $36,191.67
61 $36,191.67 $508.34 $0.00 $204.63 $36,904.64
62 $36,904.64 $508.34 $0.00 $208.66 $37,621.64
63 $37,621.64 $508.34 $0.00 $212.72 $38,342.70
64 $38,342.70 $508.34 $0.00 $216.80 $39,067.84
65 $39,067.84 $508.34 $0.00 $220.90 $39,797.08
66 $39,797.08 $508.34 $0.00 $225.02 $40,530.44
67 $40,530.44 $508.34 $0.00 $229.17 $41,267.95
68 $41,267.95 $508.34 $0.00 $233.33 $42,009.62
69 $42,009.62 $508.34 $0.00 $237.53 $42,755.49
70 $42,755.49 $508.34 $0.00 $241.75 $43,505.58
71 $43,505.58 $508.34 $0.00 $245.99 $44,259.91
72 $44,259.91 $508.34 $0.00 $250.25 $45,018.50
73 $45,018.50 $508.34 $0.00 $254.54 $45,781.38
74 $45,781.38 $508.34 $0.00 $258.85 $46,548.57
75 $46,548.57 $508.34 $0.00 $263.19 $47,320.10
76 $47,320.10 $508.34 $0.00 $267.55 $48,095.99
77 $48,095.99 $508.34 $0.00 $271.94 $48,876.27
78 $48,876.27 $508.34 $0.00 $276.35 $49,660.96
79 $49,660.96 $508.34 $0.00 $280.79 $50,450.09
80 $50,450.09 $508.34 $0.00 $285.25 $51,243.68
81 $51,243.68 $508.34 $0.00 $289.74 $52,041.76
82 $52,041.76 $508.34 $0.00 $294.25 $52,844.35
83 $52,844.35 $508.34 $0.00 $298.79 $53,651.48
84 $53,651.48 $508.34 $0.00 $303.35 $54,463.17
85 $54,463.17 $508.34 $0.00 $307.94 $55,279.45
86 $55,279.45 $508.34 $0.00 $312.56 $56,100.35
87 $56,100.35 $508.34 $0.00 $317.20 $56,925.89
88 $56,925.89 $508.34 $0.00 $321.87 $57,756.10
89 $57,756.10 $508.34 $0.00 $326.56 $58,591.00
90 $58,591.00 $508.34 $0.00 $331.28 $59,430.62
91 $59,430.62 $508.34 $0.00 $336.03 $60,274.99
92 $60,274.99 $508.34 $0.00 $340.80 $61,124.13
93 $61,124.13 $508.34 $0.00 $345.60 $61,978.07
94 $61,978.07 $508.34 $0.00 $350.43 $62,836.84
95 $62,836.84 $508.34 $0.00 $355.29 $63,700.47
96 $63,700.47 $508.34 $0.00 $360.17 $64,568.98
97 $64,568.98 $508.34 $0.00 $365.08 $65,442.40
98 $65,442.40 $508.34 $0.00 $370.02 $66,320.76
99 $66,320.76 $508.34 $0.00 $374.99 $67,204.09
100 $67,204.09 $508.34 $0.00 $379.98 $68,092.41
101 $68,092.41 $508.34 $0.00 $385.00 $68,985.75
102 $68,985.75 $508.34 $0.00 $390.06 $69,884.15
103 $69,884.15 $508.34 $0.00 $395.14 $70,787.63
104 $70,787.63 $508.34 $0.00 $400.24 $71,696.21
105 $71,696.21 $508.34 $0.00 $405.38 $72,609.93
106 $72,609.93 $508.34 $0.00 $410.55 $73,528.82
107 $73,528.82 $508.34 $0.00 $415.74 $74,452.90
108 $74,452.90 $508.34 $0.00 $420.97 $75,382.21
109 $75,382.21 $508.34 $0.00 $426.22 $76,316.77
110 $76,316.77 $508.34 $0.00 $431.51 $77,256.62
111 $77,256.62 $508.34 $0.00 $436.82 $78,201.78
112 $78,201.78 $508.34 $0.00 $442.16 $79,152.28
113 $79,152.28 $508.34 $0.00 $447.54 $80,108.16
114 $80,108.16 $508.34 $0.00 $452.94 $81,069.44
115 $81,069.44 $508.34 $0.00 $458.38 $82,036.16
116 $82,036.16 $508.34 $0.00 $463.84 $83,008.34
117 $83,008.34 $508.34 $0.00 $469.34 $83,986.02
118 $83,986.02 $508.34 $0.00 $474.87 $84,969.23
119 $84,969.23 $508.34 $0.00 $480.43 $85,958.00
120 $85,958.00 $508.34 $0.00 $486.02 $86,952.36
121 $86,952.36 $508.34 $0.00 $491.64 $87,952.34
122 $87,952.34 $508.34 $0.00 $497.30 $88,957.98
123 $88,957.98 $508.34 $0.00 $502.98 $89,969.30
124 $89,969.30 $508.34 $0.00 $508.70 $90,986.34
125 $90,986.34 $508.34 $0.00 $514.45 $92,009.13
126 $92,009.13 $508.34 $0.00 $520.23 $93,037.70
127 $93,037.70 $508.34 $0.00 $526.05 $94,072.09
128 $94,072.09 $508.34 $0.00 $531.90 $95,112.33
129 $95,112.33 $508.34 $0.00 $537.78 $96,158.45
130 $96,158.45 $508.34 $0.00 $543.69 $97,210.48
131 $97,210.48 $508.34 $0.00 $549.64 $98,268.46
132 $98,268.46 $508.34 $0.00 $555.62 $99,332.42
133 $99,332.42 $508.34 $0.00 $561.64 $100,402.40
134 $100,402.40 $508.34 $0.00 $567.69 $101,478.43
135 $101,478.43 $508.34 $0.00 $573.77 $102,560.54
136 $102,560.54 $508.34 $0.00 $579.89 $103,648.77
137 $103,648.77 $508.34 $0.00 $586.05 $104,743.16
138 $104,743.16 $508.34 $0.00 $592.23 $105,843.73
139 $105,843.73 $508.34 $0.00 $598.46 $106,950.53
140 $106,950.53 $508.34 $0.00 $604.71 $108,063.58
141 $108,063.58 $508.34 $0.00 $611.01 $109,182.93
142 $109,182.93 $508.34 $0.00 $617.34 $110,308.61
143 $110,308.61 $508.34 $0.00 $623.70 $111,440.65
144 $111,440.65 $508.34 $0.00 $630.10 $112,579.09
145 $112,579.09 $508.34 $0.00 $636.54 $113,723.97
146 $113,723.97 $508.34 $0.00 $643.01 $114,875.32
147 $114,875.32 $508.34 $0.00 $649.52 $116,033.18
148 $116,033.18 $508.34 $0.00 $656.07 $117,197.59
149 $117,197.59 $508.34 $0.00 $662.65 $118,368.58
150 $118,368.58 $508.34 $0.00 $669.27 $119,546.19
151 $119,546.19 $508.34 $0.00 $675.93 $120,730.46
152 $120,730.46 $508.34 $0.00 $682.63 $121,921.43
153 $121,921.43 $508.34 $0.00 $689.36 $123,119.13
154 $123,119.13 $508.34 $0.00 $696.13 $124,323.60
155 $124,323.60 $508.34 $0.00 $702.94 $125,534.88
156 $125,534.88 $508.34 $0.00 $709.79 $126,753.01
157 $126,753.01 $508.34 $0.00 $716.68 $127,978.03
158 $127,978.03 $508.34 $0.00 $723.61 $129,209.98
159 $129,209.98 $508.34 $0.00 $730.57 $130,448.89
160 $130,448.89 $508.34 $0.00 $737.58 $131,694.81
161 $131,694.81 $508.34 $0.00 $744.62 $132,947.77
162 $132,947.77 $508.34 $0.00 $751.71 $134,207.82
163 $134,207.82 $508.34 $0.00 $758.83 $135,474.99
164 $135,474.99 $508.34 $0.00 $766.00 $136,749.33
165 $136,749.33 $508.34 $0.00 $773.20 $138,030.87
166 $138,030.87 $508.34 $0.00 $780.45 $139,319.66
167 $139,319.66 $508.34 $0.00 $787.73 $140,615.73
168 $140,615.73 $508.34 $0.00 $795.06 $141,919.13
169 $141,919.13 $508.34 $0.00 $802.43 $143,229.90
170 $143,229.90 $508.34 $0.00 $809.84 $144,548.08
171 $144,548.08 $508.34 $0.00 $817.30 $145,873.72
172 $145,873.72 $508.34 $0.00 $824.79 $147,206.85
173 $147,206.85 $508.34 $0.00 $832.33 $148,547.52
174 $148,547.52 $508.34 $0.00 $839.91 $149,895.77
175 $149,895.77 $508.34 $0.00 $847.53 $151,251.64
176 $151,251.64 $508.34 $0.00 $855.20 $152,615.18
177 $152,615.18 $508.34 $0.00 $862.91 $153,986.43
178 $153,986.43 $508.34 $0.00 $870.66 $155,365.43
179 $155,365.43 $508.34 $0.00 $878.46 $156,752.23
180 $156,752.23 $508.34 $0.00 $886.30 $158,146.87
181 $158,146.87 $508.34 $0.00 $894.19 $159,549.40
182 $159,549.40 $508.34 $0.00 $902.12 $160,959.86
183 $160,959.86 $508.34 $0.00 $910.09 $162,378.29
184 $162,378.29 $508.34 $0.00 $918.11 $163,804.74
185 $163,804.74 $508.34 $0.00 $926.18 $165,239.26
186 $165,239.26 $508.34 $0.00 $934.29 $166,681.89
187 $166,681.89 $508.34 $0.00 $942.44 $168,132.67
188 $168,132.67 $508.34 $0.00 $950.65 $169,591.66
189 $169,591.66 $508.34 $0.00 $958.90 $171,058.90
190 $171,058.90 $508.34 $0.00 $967.19 $172,534.43
191 $172,534.43 $508.34 $0.00 $975.53 $174,018.30
192 $174,018.30 $508.34 $0.00 $983.92 $175,510.56
193 $175,510.56 $508.34 $0.00 $992.36 $177,011.26
194 $177,011.26 $508.34 $0.00 $1,000.85 $178,520.45
195 $178,520.45 $508.34 $0.00 $1,009.38 $180,038.17
196 $180,038.17 $508.34 $0.00 $1,017.96 $181,564.47
197 $181,564.47 $508.34 $0.00 $1,026.59 $183,099.40
198 $183,099.40 $508.34 $0.00 $1,035.27 $184,643.01
199 $184,643.01 $508.34 $0.00 $1,044.00 $186,195.35
200 $186,195.35 $508.34 $0.00 $1,052.78 $187,756.47
201 $187,756.47 $508.34 $0.00 $1,061.60 $189,326.41
202 $189,326.41 $508.34 $0.00 $1,070.48 $190,905.23
203 $190,905.23 $508.34 $0.00 $1,079.41 $192,492.98
204 $192,492.98 $508.34 $0.00 $1,088.38 $194,089.70
205 $194,089.70 $508.34 $0.00 $1,097.41 $195,695.45
206 $195,695.45 $508.34 $0.00 $1,106.49 $197,310.28
207 $197,310.28 $508.34 $0.00 $1,115.62 $198,934.24
208 $198,934.24 $508.34 $0.00 $1,124.80 $200,567.38
209 $200,567.38 $508.34 $0.00 $1,134.04 $202,209.76
210 $202,209.76 $508.34 $0.00 $1,143.32 $203,861.42
211 $203,861.42 $508.34 $0.00 $1,152.66 $205,522.42
212 $205,522.42 $508.34 $0.00 $1,162.05 $207,192.81
213 $207,192.81 $508.34 $0.00 $1,171.50 $208,872.65
214 $208,872.65 $508.34 $0.00 $1,181.00 $210,561.99
215 $210,561.99 $508.34 $0.00 $1,190.55 $212,260.88
216 $212,260.88 $508.34 $0.00 $1,200.15 $213,969.37
217 $213,969.37 $508.34 $59,597.52 $1,209.81 $156,090.00
218 $156,090.00 $508.34 $0.00 $882.56 $157,480.90
219 $157,480.90 $508.34 $0.00 $890.42 $158,879.66
220 $158,879.66 $508.34 $0.00 $898.33 $160,286.33
221 $160,286.33 $508.34 $0.00 $906.28 $161,700.95
222 $161,700.95 $508.34 $0.00 $914.28 $163,123.57
223 $163,123.57 $508.34 $0.00 $922.32 $164,554.23
224 $164,554.23 $508.34 $0.00 $930.41 $165,992.98
225 $165,992.98 $508.34 $0.00 $938.55 $167,439.87
226 $167,439.87 $508.34 $0.00 $946.73 $168,894.94
227 $168,894.94 $508.34 $0.00 $954.96 $170,358.24
228 $170,358.24 $508.34 $0.00 $963.23 $171,829.81
229 $171,829.81 $508.34 $62,577.39 $971.55 $110,732.31
230 $110,732.31 $508.34 $0.00 $626.10 $111,866.75
231 $111,866.75 $508.34 $0.00 $632.51 $113,007.60
232 $113,007.60 $508.34 $0.00 $638.96 $114,154.90
233 $114,154.90 $508.34 $0.00 $645.45 $115,308.69
234 $115,308.69 $508.34 $0.00 $651.97 $116,469.00
235 $116,469.00 $508.34 $0.00 $658.53 $117,635.87
236 $117,635.87 $508.34 $0.00 $665.13 $118,809.34
237 $118,809.34 $508.34 $0.00 $671.77 $119,989.45
238 $119,989.45 $508.34 $0.00 $678.44 $121,176.23
239 $121,176.23 $508.34 $0.00 $685.15 $122,369.72
240 $122,369.72 $508.34 $0.00 $691.90 $123,569.96
241 $123,569.96 $508.34 $65,706.26 $698.68 $59,070.72
242 $59,070.72 $508.34 $0.00 $333.99 $59,913.05
243 $59,913.05 $508.34 $0.00 $338.76 $60,760.15
244 $60,760.15 $508.34 $0.00 $343.55 $61,612.04
245 $61,612.04 $508.34 $0.00 $348.36 $62,468.74
246 $62,468.74 $508.34 $0.00 $353.21 $63,330.29
247 $63,330.29 $508.34 $0.00 $358.08 $64,196.71
248 $64,196.71 $508.34 $0.00 $362.98 $65,068.03
249 $65,068.03 $508.34 $0.00 $367.90 $65,944.27
250 $65,944.27 $508.34 $0.00 $372.86 $66,825.47
251 $66,825.47 $508.34 $0.00 $377.84 $67,711.65
252 $67,711.65 $508.34 $0.00 $382.85 $68,602.84
253 $68,602.84 $0.00 $68,991.58 $387.89 ($0.85)