Savings Plan and Future Cost Estimation for University of New England

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$229,603
Monthly savings required$1,815

How much will it cost to send your child to University of New England in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $918,410.45 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,814.60 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.

Assumptions

Current Annual Cost$61,200.00
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 $1,814.60 $0.00 $0.00 $1,814.60
2 $1,814.60 $1,814.60 $0.00 $10.26 $3,639.46
3 $3,639.46 $1,814.60 $0.00 $20.58 $5,474.64
4 $5,474.64 $1,814.60 $0.00 $30.95 $7,320.19
5 $7,320.19 $1,814.60 $0.00 $41.39 $9,176.18
6 $9,176.18 $1,814.60 $0.00 $51.88 $11,042.66
7 $11,042.66 $1,814.60 $0.00 $62.44 $12,919.70
8 $12,919.70 $1,814.60 $0.00 $73.05 $14,807.35
9 $14,807.35 $1,814.60 $0.00 $83.72 $16,705.67
10 $16,705.67 $1,814.60 $0.00 $94.46 $18,614.73
11 $18,614.73 $1,814.60 $0.00 $105.25 $20,534.58
12 $20,534.58 $1,814.60 $0.00 $116.11 $22,465.29
13 $22,465.29 $1,814.60 $0.00 $127.02 $24,406.91
14 $24,406.91 $1,814.60 $0.00 $138.00 $26,359.51
15 $26,359.51 $1,814.60 $0.00 $149.04 $28,323.15
16 $28,323.15 $1,814.60 $0.00 $160.14 $30,297.89
17 $30,297.89 $1,814.60 $0.00 $171.31 $32,283.80
18 $32,283.80 $1,814.60 $0.00 $182.54 $34,280.94
19 $34,280.94 $1,814.60 $0.00 $193.83 $36,289.37
20 $36,289.37 $1,814.60 $0.00 $205.19 $38,309.16
21 $38,309.16 $1,814.60 $0.00 $216.61 $40,340.37
22 $40,340.37 $1,814.60 $0.00 $228.09 $42,383.06
23 $42,383.06 $1,814.60 $0.00 $239.64 $44,437.30
24 $44,437.30 $1,814.60 $0.00 $251.25 $46,503.15
25 $46,503.15 $1,814.60 $0.00 $262.94 $48,580.69
26 $48,580.69 $1,814.60 $0.00 $274.68 $50,669.97
27 $50,669.97 $1,814.60 $0.00 $286.50 $52,771.07
28 $52,771.07 $1,814.60 $0.00 $298.38 $54,884.05
29 $54,884.05 $1,814.60 $0.00 $310.32 $57,008.97
30 $57,008.97 $1,814.60 $0.00 $322.34 $59,145.91
31 $59,145.91 $1,814.60 $0.00 $334.42 $61,294.93
32 $61,294.93 $1,814.60 $0.00 $346.57 $63,456.10
33 $63,456.10 $1,814.60 $0.00 $358.79 $65,629.49
34 $65,629.49 $1,814.60 $0.00 $371.08 $67,815.17
35 $67,815.17 $1,814.60 $0.00 $383.44 $70,013.21
36 $70,013.21 $1,814.60 $0.00 $395.86 $72,223.67
37 $72,223.67 $1,814.60 $0.00 $408.36 $74,446.63
38 $74,446.63 $1,814.60 $0.00 $420.93 $76,682.16
39 $76,682.16 $1,814.60 $0.00 $433.57 $78,930.33
40 $78,930.33 $1,814.60 $0.00 $446.28 $81,191.21
41 $81,191.21 $1,814.60 $0.00 $459.07 $83,464.88
42 $83,464.88 $1,814.60 $0.00 $471.92 $85,751.40
43 $85,751.40 $1,814.60 $0.00 $484.85 $88,050.85
44 $88,050.85 $1,814.60 $0.00 $497.85 $90,363.30
45 $90,363.30 $1,814.60 $0.00 $510.93 $92,688.83
46 $92,688.83 $1,814.60 $0.00 $524.08 $95,027.51
47 $95,027.51 $1,814.60 $0.00 $537.30 $97,379.41
48 $97,379.41 $1,814.60 $0.00 $550.60 $99,744.61
49 $99,744.61 $1,814.60 $0.00 $563.97 $102,123.18
50 $102,123.18 $1,814.60 $0.00 $577.42 $104,515.20
51 $104,515.20 $1,814.60 $0.00 $590.94 $106,920.74
52 $106,920.74 $1,814.60 $0.00 $604.55 $109,339.89
53 $109,339.89 $1,814.60 $0.00 $618.22 $111,772.71
54 $111,772.71 $1,814.60 $0.00 $631.98 $114,219.29
55 $114,219.29 $1,814.60 $0.00 $645.81 $116,679.70
56 $116,679.70 $1,814.60 $0.00 $659.72 $119,154.02
57 $119,154.02 $1,814.60 $0.00 $673.71 $121,642.33
58 $121,642.33 $1,814.60 $0.00 $687.78 $124,144.71
59 $124,144.71 $1,814.60 $0.00 $701.93 $126,661.24
60 $126,661.24 $1,814.60 $0.00 $716.16 $129,192.00
61 $129,192.00 $1,814.60 $0.00 $730.47 $131,737.07
62 $131,737.07 $1,814.60 $0.00 $744.86 $134,296.53
63 $134,296.53 $1,814.60 $0.00 $759.33 $136,870.46
64 $136,870.46 $1,814.60 $0.00 $773.89 $139,458.95
65 $139,458.95 $1,814.60 $0.00 $788.52 $142,062.07
66 $142,062.07 $1,814.60 $0.00 $803.24 $144,679.91
67 $144,679.91 $1,814.60 $0.00 $818.04 $147,312.55
68 $147,312.55 $1,814.60 $0.00 $832.93 $149,960.08
69 $149,960.08 $1,814.60 $0.00 $847.90 $152,622.58
70 $152,622.58 $1,814.60 $0.00 $862.95 $155,300.13
71 $155,300.13 $1,814.60 $0.00 $878.09 $157,992.82
72 $157,992.82 $1,814.60 $0.00 $893.31 $160,700.73
73 $160,700.73 $1,814.60 $0.00 $908.63 $163,423.96
74 $163,423.96 $1,814.60 $0.00 $924.02 $166,162.58
75 $166,162.58 $1,814.60 $0.00 $939.51 $168,916.69
76 $168,916.69 $1,814.60 $0.00 $955.08 $171,686.37
77 $171,686.37 $1,814.60 $0.00 $970.74 $174,471.71
78 $174,471.71 $1,814.60 $0.00 $986.49 $177,272.80
79 $177,272.80 $1,814.60 $0.00 $1,002.33 $180,089.73
80 $180,089.73 $1,814.60 $0.00 $1,018.25 $182,922.58
81 $182,922.58 $1,814.60 $0.00 $1,034.27 $185,771.45
82 $185,771.45 $1,814.60 $0.00 $1,050.38 $188,636.43
83 $188,636.43 $1,814.60 $0.00 $1,066.58 $191,517.61
84 $191,517.61 $1,814.60 $0.00 $1,082.87 $194,415.08
85 $194,415.08 $1,814.60 $0.00 $1,099.25 $197,328.93
86 $197,328.93 $1,814.60 $0.00 $1,115.73 $200,259.26
87 $200,259.26 $1,814.60 $0.00 $1,132.29 $203,206.15
88 $203,206.15 $1,814.60 $0.00 $1,148.96 $206,169.71
89 $206,169.71 $1,814.60 $0.00 $1,165.71 $209,150.02
90 $209,150.02 $1,814.60 $0.00 $1,182.56 $212,147.18
91 $212,147.18 $1,814.60 $0.00 $1,199.51 $215,161.29
92 $215,161.29 $1,814.60 $0.00 $1,216.55 $218,192.44
93 $218,192.44 $1,814.60 $0.00 $1,233.69 $221,240.73
94 $221,240.73 $1,814.60 $0.00 $1,250.93 $224,306.26
95 $224,306.26 $1,814.60 $0.00 $1,268.26 $227,389.12
96 $227,389.12 $1,814.60 $0.00 $1,285.69 $230,489.41
97 $230,489.41 $1,814.60 $0.00 $1,303.22 $233,607.23
98 $233,607.23 $1,814.60 $0.00 $1,320.85 $236,742.68
99 $236,742.68 $1,814.60 $0.00 $1,338.58 $239,895.86
100 $239,895.86 $1,814.60 $0.00 $1,356.41 $243,066.87
101 $243,066.87 $1,814.60 $0.00 $1,374.34 $246,255.81
102 $246,255.81 $1,814.60 $0.00 $1,392.37 $249,462.78
103 $249,462.78 $1,814.60 $0.00 $1,410.50 $252,687.88
104 $252,687.88 $1,814.60 $0.00 $1,428.73 $255,931.21
105 $255,931.21 $1,814.60 $0.00 $1,447.07 $259,192.88
106 $259,192.88 $1,814.60 $0.00 $1,465.51 $262,472.99
107 $262,472.99 $1,814.60 $0.00 $1,484.06 $265,771.65
108 $265,771.65 $1,814.60 $0.00 $1,502.71 $269,088.96
109 $269,088.96 $1,814.60 $0.00 $1,521.47 $272,425.03
110 $272,425.03 $1,814.60 $0.00 $1,540.33 $275,779.96
111 $275,779.96 $1,814.60 $0.00 $1,559.30 $279,153.86
112 $279,153.86 $1,814.60 $0.00 $1,578.38 $282,546.84
113 $282,546.84 $1,814.60 $0.00 $1,597.56 $285,959.00
114 $285,959.00 $1,814.60 $0.00 $1,616.85 $289,390.45
115 $289,390.45 $1,814.60 $0.00 $1,636.26 $292,841.31
116 $292,841.31 $1,814.60 $0.00 $1,655.77 $296,311.68
117 $296,311.68 $1,814.60 $0.00 $1,675.39 $299,801.67
118 $299,801.67 $1,814.60 $0.00 $1,695.12 $303,311.39
119 $303,311.39 $1,814.60 $0.00 $1,714.97 $306,840.96
120 $306,840.96 $1,814.60 $0.00 $1,734.92 $310,390.48
121 $310,390.48 $1,814.60 $0.00 $1,754.99 $313,960.07
122 $313,960.07 $1,814.60 $0.00 $1,775.18 $317,549.85
123 $317,549.85 $1,814.60 $0.00 $1,795.47 $321,159.92
124 $321,159.92 $1,814.60 $0.00 $1,815.88 $324,790.40
125 $324,790.40 $1,814.60 $0.00 $1,836.41 $328,441.41
126 $328,441.41 $1,814.60 $0.00 $1,857.06 $332,113.07
127 $332,113.07 $1,814.60 $0.00 $1,877.82 $335,805.49
128 $335,805.49 $1,814.60 $0.00 $1,898.69 $339,518.78
129 $339,518.78 $1,814.60 $0.00 $1,919.69 $343,253.07
130 $343,253.07 $1,814.60 $0.00 $1,940.80 $347,008.47
131 $347,008.47 $1,814.60 $0.00 $1,962.04 $350,785.11
132 $350,785.11 $1,814.60 $0.00 $1,983.39 $354,583.10
133 $354,583.10 $1,814.60 $0.00 $2,004.86 $358,402.56
134 $358,402.56 $1,814.60 $0.00 $2,026.46 $362,243.62
135 $362,243.62 $1,814.60 $0.00 $2,048.18 $366,106.40
136 $366,106.40 $1,814.60 $0.00 $2,070.02 $369,991.02
137 $369,991.02 $1,814.60 $0.00 $2,091.98 $373,897.60
138 $373,897.60 $1,814.60 $0.00 $2,114.07 $377,826.27
139 $377,826.27 $1,814.60 $0.00 $2,136.28 $381,777.15
140 $381,777.15 $1,814.60 $0.00 $2,158.62 $385,750.37
141 $385,750.37 $1,814.60 $0.00 $2,181.09 $389,746.06
142 $389,746.06 $1,814.60 $0.00 $2,203.68 $393,764.34
143 $393,764.34 $1,814.60 $0.00 $2,226.40 $397,805.34
144 $397,805.34 $1,814.60 $0.00 $2,249.25 $401,869.19
145 $401,869.19 $1,814.60 $0.00 $2,272.23 $405,956.02
146 $405,956.02 $1,814.60 $0.00 $2,295.33 $410,065.95
147 $410,065.95 $1,814.60 $0.00 $2,318.57 $414,199.12
148 $414,199.12 $1,814.60 $0.00 $2,341.94 $418,355.66
149 $418,355.66 $1,814.60 $0.00 $2,365.44 $422,535.70
150 $422,535.70 $1,814.60 $0.00 $2,389.08 $426,739.38
151 $426,739.38 $1,814.60 $0.00 $2,412.85 $430,966.83
152 $430,966.83 $1,814.60 $0.00 $2,436.75 $435,218.18
153 $435,218.18 $1,814.60 $0.00 $2,460.79 $439,493.57
154 $439,493.57 $1,814.60 $0.00 $2,484.96 $443,793.13
155 $443,793.13 $1,814.60 $0.00 $2,509.27 $448,117.00
156 $448,117.00 $1,814.60 $0.00 $2,533.72 $452,465.32
157 $452,465.32 $1,814.60 $0.00 $2,558.30 $456,838.22
158 $456,838.22 $1,814.60 $0.00 $2,583.03 $461,235.85
159 $461,235.85 $1,814.60 $0.00 $2,607.89 $465,658.34
160 $465,658.34 $1,814.60 $0.00 $2,632.90 $470,105.84
161 $470,105.84 $1,814.60 $0.00 $2,658.05 $474,578.49
162 $474,578.49 $1,814.60 $0.00 $2,683.34 $479,076.43
163 $479,076.43 $1,814.60 $0.00 $2,708.77 $483,599.80
164 $483,599.80 $1,814.60 $0.00 $2,734.34 $488,148.74
165 $488,148.74 $1,814.60 $0.00 $2,760.06 $492,723.40
166 $492,723.40 $1,814.60 $0.00 $2,785.93 $497,323.93
167 $497,323.93 $1,814.60 $0.00 $2,811.94 $501,950.47
168 $501,950.47 $1,814.60 $0.00 $2,838.10 $506,603.17
169 $506,603.17 $1,814.60 $0.00 $2,864.41 $511,282.18
170 $511,282.18 $1,814.60 $0.00 $2,890.86 $515,987.64
171 $515,987.64 $1,814.60 $0.00 $2,917.47 $520,719.71
172 $520,719.71 $1,814.60 $0.00 $2,944.22 $525,478.53
173 $525,478.53 $1,814.60 $0.00 $2,971.13 $530,264.26
174 $530,264.26 $1,814.60 $0.00 $2,998.19 $535,077.05
175 $535,077.05 $1,814.60 $0.00 $3,025.40 $539,917.05
176 $539,917.05 $1,814.60 $0.00 $3,052.77 $544,784.42
177 $544,784.42 $1,814.60 $0.00 $3,080.29 $549,679.31
178 $549,679.31 $1,814.60 $0.00 $3,107.97 $554,601.88
179 $554,601.88 $1,814.60 $0.00 $3,135.80 $559,552.28
180 $559,552.28 $1,814.60 $0.00 $3,163.79 $564,530.67
181 $564,530.67 $1,814.60 $0.00 $3,191.94 $569,537.21
182 $569,537.21 $1,814.60 $0.00 $3,220.25 $574,572.06
183 $574,572.06 $1,814.60 $0.00 $3,248.71 $579,635.37
184 $579,635.37 $1,814.60 $0.00 $3,277.34 $584,727.31
185 $584,727.31 $1,814.60 $0.00 $3,306.13 $589,848.04
186 $589,848.04 $1,814.60 $0.00 $3,335.09 $594,997.73
187 $594,997.73 $1,814.60 $0.00 $3,364.20 $600,176.53
188 $600,176.53 $1,814.60 $0.00 $3,393.49 $605,384.62
189 $605,384.62 $1,814.60 $0.00 $3,422.93 $610,622.15
190 $610,622.15 $1,814.60 $0.00 $3,452.55 $615,889.30
191 $615,889.30 $1,814.60 $0.00 $3,482.33 $621,186.23
192 $621,186.23 $1,814.60 $0.00 $3,512.28 $626,513.11
193 $626,513.11 $1,814.60 $0.00 $3,542.40 $631,870.11
194 $631,870.11 $1,814.60 $0.00 $3,572.69 $637,257.40
195 $637,257.40 $1,814.60 $0.00 $3,603.15 $642,675.15
196 $642,675.15 $1,814.60 $0.00 $3,633.78 $648,123.53
197 $648,123.53 $1,814.60 $0.00 $3,664.58 $653,602.71
198 $653,602.71 $1,814.60 $0.00 $3,695.56 $659,112.87
199 $659,112.87 $1,814.60 $0.00 $3,726.72 $664,654.19
200 $664,654.19 $1,814.60 $0.00 $3,758.05 $670,226.84
201 $670,226.84 $1,814.60 $0.00 $3,789.56 $675,831.00
202 $675,831.00 $1,814.60 $0.00 $3,821.25 $681,466.85
203 $681,466.85 $1,814.60 $0.00 $3,853.11 $687,134.56
204 $687,134.56 $1,814.60 $0.00 $3,885.16 $692,834.32
205 $692,834.32 $1,814.60 $0.00 $3,917.39 $698,566.31
206 $698,566.31 $1,814.60 $0.00 $3,949.80 $704,330.71
207 $704,330.71 $1,814.60 $0.00 $3,982.39 $710,127.70
208 $710,127.70 $1,814.60 $0.00 $4,015.17 $715,957.47
209 $715,957.47 $1,814.60 $0.00 $4,048.13 $721,820.20
210 $721,820.20 $1,814.60 $0.00 $4,081.28 $727,716.08
211 $727,716.08 $1,814.60 $0.00 $4,114.61 $733,645.29
212 $733,645.29 $1,814.60 $0.00 $4,148.14 $739,608.03
213 $739,608.03 $1,814.60 $0.00 $4,181.85 $745,604.48
214 $745,604.48 $1,814.60 $0.00 $4,215.76 $751,634.84
215 $751,634.84 $1,814.60 $0.00 $4,249.85 $757,699.29
216 $757,699.29 $1,814.60 $0.00 $4,284.14 $763,798.03
217 $763,798.03 $1,814.60 $206,851.86 $4,318.63 $563,079.40
218 $563,079.40 $1,814.60 $0.00 $3,183.73 $568,077.73
219 $568,077.73 $1,814.60 $0.00 $3,211.99 $573,104.32
220 $573,104.32 $1,814.60 $0.00 $3,240.42 $578,159.34
221 $578,159.34 $1,814.60 $0.00 $3,269.00 $583,242.94
222 $583,242.94 $1,814.60 $0.00 $3,297.74 $588,355.28
223 $588,355.28 $1,814.60 $0.00 $3,326.65 $593,496.53
224 $593,496.53 $1,814.60 $0.00 $3,355.72 $598,666.85
225 $598,666.85 $1,814.60 $0.00 $3,384.95 $603,866.40
226 $603,866.40 $1,814.60 $0.00 $3,414.35 $609,095.35
227 $609,095.35 $1,814.60 $0.00 $3,443.91 $614,353.86
228 $614,353.86 $1,814.60 $0.00 $3,473.65 $619,642.11
229 $619,642.11 $1,814.60 $221,331.49 $3,503.55 $403,628.77
230 $403,628.77 $1,814.60 $0.00 $2,282.18 $407,725.55
231 $407,725.55 $1,814.60 $0.00 $2,305.34 $411,845.49
232 $411,845.49 $1,814.60 $0.00 $2,328.63 $415,988.72
233 $415,988.72 $1,814.60 $0.00 $2,352.06 $420,155.38
234 $420,155.38 $1,814.60 $0.00 $2,375.62 $424,345.60
235 $424,345.60 $1,814.60 $0.00 $2,399.31 $428,559.51
236 $428,559.51 $1,814.60 $0.00 $2,423.14 $432,797.25
237 $432,797.25 $1,814.60 $0.00 $2,447.10 $437,058.95
238 $437,058.95 $1,814.60 $0.00 $2,471.19 $441,344.74
239 $441,344.74 $1,814.60 $0.00 $2,495.43 $445,654.77
240 $445,654.77 $1,814.60 $0.00 $2,519.80 $449,989.17
241 $449,989.17 $1,814.60 $236,824.69 $2,544.30 $217,523.38
242 $217,523.38 $1,814.60 $0.00 $1,229.91 $220,567.89
243 $220,567.89 $1,814.60 $0.00 $1,247.12 $223,629.61
244 $223,629.61 $1,814.60 $0.00 $1,264.43 $226,708.64
245 $226,708.64 $1,814.60 $0.00 $1,281.84 $229,805.08
246 $229,805.08 $1,814.60 $0.00 $1,299.35 $232,919.03
247 $232,919.03 $1,814.60 $0.00 $1,316.96 $236,050.59
248 $236,050.59 $1,814.60 $0.00 $1,334.66 $239,199.85
249 $239,199.85 $1,814.60 $0.00 $1,352.47 $242,366.92
250 $242,366.92 $1,814.60 $0.00 $1,370.38 $245,551.90
251 $245,551.90 $1,814.60 $0.00 $1,388.39 $248,754.89
252 $248,754.89 $1,814.60 $0.00 $1,406.50 $251,975.99
253 $251,975.99 $0.00 $253,402.42 $1,424.71 -$1.72