Savings Plan and Future Cost Estimation for University of Southern Maine

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2043$100,590
Monthly savings required$795

How much will it cost to send your child to University of Southern Maine in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $402,359.82 for students enrolling in 2043 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $794.99 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$26,812.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford University of Southern Maine in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $794.99 $0.00 $0.00 $794.99
2 $794.99 $794.99 $0.00 $4.49 $1,594.47
3 $1,594.47 $794.99 $0.00 $9.02 $2,398.48
4 $2,398.48 $794.99 $0.00 $13.56 $3,207.03
5 $3,207.03 $794.99 $0.00 $18.13 $4,020.15
6 $4,020.15 $794.99 $0.00 $22.73 $4,837.87
7 $4,837.87 $794.99 $0.00 $27.35 $5,660.21
8 $5,660.21 $794.99 $0.00 $32.00 $6,487.20
9 $6,487.20 $794.99 $0.00 $36.68 $7,318.87
10 $7,318.87 $794.99 $0.00 $41.38 $8,155.24
11 $8,155.24 $794.99 $0.00 $46.11 $8,996.34
12 $8,996.34 $794.99 $0.00 $50.87 $9,842.20
13 $9,842.20 $794.99 $0.00 $55.65 $10,692.84
14 $10,692.84 $794.99 $0.00 $60.46 $11,548.29
15 $11,548.29 $794.99 $0.00 $65.30 $12,408.58
16 $12,408.58 $794.99 $0.00 $70.16 $13,273.73
17 $13,273.73 $794.99 $0.00 $75.05 $14,143.77
18 $14,143.77 $794.99 $0.00 $79.97 $15,018.73
19 $15,018.73 $794.99 $0.00 $84.92 $15,898.64
20 $15,898.64 $794.99 $0.00 $89.89 $16,783.52
21 $16,783.52 $794.99 $0.00 $94.90 $17,673.41
22 $17,673.41 $794.99 $0.00 $99.93 $18,568.33
23 $18,568.33 $794.99 $0.00 $104.99 $19,468.31
24 $19,468.31 $794.99 $0.00 $110.08 $20,373.38
25 $20,373.38 $794.99 $0.00 $115.19 $21,283.56
26 $21,283.56 $794.99 $0.00 $120.34 $22,198.89
27 $22,198.89 $794.99 $0.00 $125.52 $23,119.40
28 $23,119.40 $794.99 $0.00 $130.72 $24,045.11
29 $24,045.11 $794.99 $0.00 $135.95 $24,976.05
30 $24,976.05 $794.99 $0.00 $141.22 $25,912.26
31 $25,912.26 $794.99 $0.00 $146.51 $26,853.76
32 $26,853.76 $794.99 $0.00 $151.84 $27,800.59
33 $27,800.59 $794.99 $0.00 $157.19 $28,752.77
34 $28,752.77 $794.99 $0.00 $162.57 $29,710.33
35 $29,710.33 $794.99 $0.00 $167.99 $30,673.31
36 $30,673.31 $794.99 $0.00 $173.43 $31,641.73
37 $31,641.73 $794.99 $0.00 $178.91 $32,615.63
38 $32,615.63 $794.99 $0.00 $184.41 $33,595.03
39 $33,595.03 $794.99 $0.00 $189.95 $34,579.97
40 $34,579.97 $794.99 $0.00 $195.52 $35,570.48
41 $35,570.48 $794.99 $0.00 $201.12 $36,566.59
42 $36,566.59 $794.99 $0.00 $206.75 $37,568.33
43 $37,568.33 $794.99 $0.00 $212.42 $38,575.74
44 $38,575.74 $794.99 $0.00 $218.11 $39,588.84
45 $39,588.84 $794.99 $0.00 $223.84 $40,607.67
46 $40,607.67 $794.99 $0.00 $229.60 $41,632.26
47 $41,632.26 $794.99 $0.00 $235.39 $42,662.64
48 $42,662.64 $794.99 $0.00 $241.22 $43,698.85
49 $43,698.85 $794.99 $0.00 $247.08 $44,740.92
50 $44,740.92 $794.99 $0.00 $252.97 $45,788.88
51 $45,788.88 $794.99 $0.00 $258.90 $46,842.77
52 $46,842.77 $794.99 $0.00 $264.86 $47,902.62
53 $47,902.62 $794.99 $0.00 $270.85 $48,968.46
54 $48,968.46 $794.99 $0.00 $276.87 $50,040.32
55 $50,040.32 $794.99 $0.00 $282.94 $51,118.25
56 $51,118.25 $794.99 $0.00 $289.03 $52,202.27
57 $52,202.27 $794.99 $0.00 $295.16 $53,292.42
58 $53,292.42 $794.99 $0.00 $301.32 $54,388.73
59 $54,388.73 $794.99 $0.00 $307.52 $55,491.24
60 $55,491.24 $794.99 $0.00 $313.76 $56,599.99
61 $56,599.99 $794.99 $0.00 $320.02 $57,715.00
62 $57,715.00 $794.99 $0.00 $326.33 $58,836.32
63 $58,836.32 $794.99 $0.00 $332.67 $59,963.98
64 $59,963.98 $794.99 $0.00 $339.05 $61,098.02
65 $61,098.02 $794.99 $0.00 $345.46 $62,238.47
66 $62,238.47 $794.99 $0.00 $351.91 $63,385.37
67 $63,385.37 $794.99 $0.00 $358.39 $64,538.75
68 $64,538.75 $794.99 $0.00 $364.91 $65,698.65
69 $65,698.65 $794.99 $0.00 $371.47 $66,865.11
70 $66,865.11 $794.99 $0.00 $378.07 $68,038.17
71 $68,038.17 $794.99 $0.00 $384.70 $69,217.86
72 $69,217.86 $794.99 $0.00 $391.37 $70,404.22
73 $70,404.22 $794.99 $0.00 $398.08 $71,597.29
74 $71,597.29 $794.99 $0.00 $404.82 $72,797.10
75 $72,797.10 $794.99 $0.00 $411.61 $74,003.70
76 $74,003.70 $794.99 $0.00 $418.43 $75,217.12
77 $75,217.12 $794.99 $0.00 $425.29 $76,437.40
78 $76,437.40 $794.99 $0.00 $432.19 $77,664.58
79 $77,664.58 $794.99 $0.00 $439.13 $78,898.70
80 $78,898.70 $794.99 $0.00 $446.10 $80,139.79
81 $80,139.79 $794.99 $0.00 $453.12 $81,387.90
82 $81,387.90 $794.99 $0.00 $460.18 $82,643.07
83 $82,643.07 $794.99 $0.00 $467.28 $83,905.34
84 $83,905.34 $794.99 $0.00 $474.41 $85,174.74
85 $85,174.74 $794.99 $0.00 $481.59 $86,451.32
86 $86,451.32 $794.99 $0.00 $488.81 $87,735.12
87 $87,735.12 $794.99 $0.00 $496.07 $89,026.18
88 $89,026.18 $794.99 $0.00 $503.37 $90,324.54
89 $90,324.54 $794.99 $0.00 $510.71 $91,630.24
90 $91,630.24 $794.99 $0.00 $518.09 $92,943.32
91 $92,943.32 $794.99 $0.00 $525.52 $94,263.83
92 $94,263.83 $794.99 $0.00 $532.98 $95,591.80
93 $95,591.80 $794.99 $0.00 $540.49 $96,927.28
94 $96,927.28 $794.99 $0.00 $548.04 $98,270.31
95 $98,270.31 $794.99 $0.00 $555.63 $99,620.93
96 $99,620.93 $794.99 $0.00 $563.27 $100,979.19
97 $100,979.19 $794.99 $0.00 $570.95 $102,345.13
98 $102,345.13 $794.99 $0.00 $578.67 $103,718.79
99 $103,718.79 $794.99 $0.00 $586.44 $105,100.22
100 $105,100.22 $794.99 $0.00 $594.25 $106,489.46
101 $106,489.46 $794.99 $0.00 $602.11 $107,886.56
102 $107,886.56 $794.99 $0.00 $610.01 $109,291.56
103 $109,291.56 $794.99 $0.00 $617.95 $110,704.50
104 $110,704.50 $794.99 $0.00 $625.94 $112,125.43
105 $112,125.43 $794.99 $0.00 $633.97 $113,554.39
106 $113,554.39 $794.99 $0.00 $642.05 $114,991.43
107 $114,991.43 $794.99 $0.00 $650.18 $116,436.60
108 $116,436.60 $794.99 $0.00 $658.35 $117,889.94
109 $117,889.94 $794.99 $0.00 $666.57 $119,351.50
110 $119,351.50 $794.99 $0.00 $674.83 $120,821.32
111 $120,821.32 $794.99 $0.00 $683.14 $122,299.45
112 $122,299.45 $794.99 $0.00 $691.50 $123,785.94
113 $123,785.94 $794.99 $0.00 $699.90 $125,280.83
114 $125,280.83 $794.99 $0.00 $708.36 $126,784.18
115 $126,784.18 $794.99 $0.00 $716.86 $128,296.03
116 $128,296.03 $794.99 $0.00 $725.40 $129,816.42
117 $129,816.42 $794.99 $0.00 $734.00 $131,345.41
118 $131,345.41 $794.99 $0.00 $742.65 $132,883.05
119 $132,883.05 $794.99 $0.00 $751.34 $134,429.38
120 $134,429.38 $794.99 $0.00 $760.08 $135,984.45
121 $135,984.45 $794.99 $0.00 $768.88 $137,548.32
122 $137,548.32 $794.99 $0.00 $777.72 $139,121.03
123 $139,121.03 $794.99 $0.00 $786.61 $140,702.63
124 $140,702.63 $794.99 $0.00 $795.55 $142,293.17
125 $142,293.17 $794.99 $0.00 $804.55 $143,892.71
126 $143,892.71 $794.99 $0.00 $813.59 $145,501.29
127 $145,501.29 $794.99 $0.00 $822.69 $147,118.97
128 $147,118.97 $794.99 $0.00 $831.83 $148,745.79
129 $148,745.79 $794.99 $0.00 $841.03 $150,381.81
130 $150,381.81 $794.99 $0.00 $850.28 $152,027.08
131 $152,027.08 $794.99 $0.00 $859.58 $153,681.65
132 $153,681.65 $794.99 $0.00 $868.94 $155,345.58
133 $155,345.58 $794.99 $0.00 $878.35 $157,018.92
134 $157,018.92 $794.99 $0.00 $887.81 $158,701.72
135 $158,701.72 $794.99 $0.00 $897.32 $160,394.03
136 $160,394.03 $794.99 $0.00 $906.89 $162,095.91
137 $162,095.91 $794.99 $0.00 $916.51 $163,807.41
138 $163,807.41 $794.99 $0.00 $926.19 $165,528.59
139 $165,528.59 $794.99 $0.00 $935.92 $167,259.50
140 $167,259.50 $794.99 $0.00 $945.71 $169,000.20
141 $169,000.20 $794.99 $0.00 $955.55 $170,750.74
142 $170,750.74 $794.99 $0.00 $965.45 $172,511.18
143 $172,511.18 $794.99 $0.00 $975.40 $174,281.57
144 $174,281.57 $794.99 $0.00 $985.41 $176,061.97
145 $176,061.97 $794.99 $0.00 $995.48 $177,852.44
146 $177,852.44 $794.99 $0.00 $1,005.60 $179,653.03
147 $179,653.03 $794.99 $0.00 $1,015.78 $181,463.80
148 $181,463.80 $794.99 $0.00 $1,026.02 $183,284.81
149 $183,284.81 $794.99 $0.00 $1,036.32 $185,116.12
150 $185,116.12 $794.99 $0.00 $1,046.67 $186,957.78
151 $186,957.78 $794.99 $0.00 $1,057.09 $188,809.86
152 $188,809.86 $794.99 $0.00 $1,067.56 $190,672.41
153 $190,672.41 $794.99 $0.00 $1,078.09 $192,545.49
154 $192,545.49 $794.99 $0.00 $1,088.68 $194,429.16
155 $194,429.16 $794.99 $0.00 $1,099.33 $196,323.48
156 $196,323.48 $794.99 $0.00 $1,110.04 $198,228.51
157 $198,228.51 $794.99 $0.00 $1,120.81 $200,144.31
158 $200,144.31 $794.99 $0.00 $1,131.65 $202,070.95
159 $202,070.95 $794.99 $0.00 $1,142.54 $204,008.48
160 $204,008.48 $794.99 $0.00 $1,153.49 $205,956.96
161 $205,956.96 $794.99 $0.00 $1,164.51 $207,916.46
162 $207,916.46 $794.99 $0.00 $1,175.59 $209,887.04
163 $209,887.04 $794.99 $0.00 $1,186.73 $211,868.76
164 $211,868.76 $794.99 $0.00 $1,197.94 $213,861.69
165 $213,861.69 $794.99 $0.00 $1,209.21 $215,865.89
166 $215,865.89 $794.99 $0.00 $1,220.54 $217,881.42
167 $217,881.42 $794.99 $0.00 $1,231.93 $219,908.34
168 $219,908.34 $794.99 $0.00 $1,243.39 $221,946.72
169 $221,946.72 $794.99 $0.00 $1,254.92 $223,996.63
170 $223,996.63 $794.99 $0.00 $1,266.51 $226,058.13
171 $226,058.13 $794.99 $0.00 $1,278.17 $228,131.29
172 $228,131.29 $794.99 $0.00 $1,289.89 $230,216.17
173 $230,216.17 $794.99 $0.00 $1,301.68 $232,312.84
174 $232,312.84 $794.99 $0.00 $1,313.53 $234,421.36
175 $234,421.36 $794.99 $0.00 $1,325.45 $236,541.80
176 $236,541.80 $794.99 $0.00 $1,337.44 $238,674.23
177 $238,674.23 $794.99 $0.00 $1,349.50 $240,818.72
178 $240,818.72 $794.99 $0.00 $1,361.62 $242,975.33
179 $242,975.33 $794.99 $0.00 $1,373.82 $245,144.14
180 $245,144.14 $794.99 $0.00 $1,386.08 $247,325.21
181 $247,325.21 $794.99 $0.00 $1,398.41 $249,518.61
182 $249,518.61 $794.99 $0.00 $1,410.81 $251,724.41
183 $251,724.41 $794.99 $0.00 $1,423.29 $253,942.69
184 $253,942.69 $794.99 $0.00 $1,435.83 $256,173.51
185 $256,173.51 $794.99 $0.00 $1,448.44 $258,416.94
186 $258,416.94 $794.99 $0.00 $1,461.13 $260,673.06
187 $260,673.06 $794.99 $0.00 $1,473.88 $262,941.93
188 $262,941.93 $794.99 $0.00 $1,486.71 $265,223.63
189 $265,223.63 $794.99 $0.00 $1,499.61 $267,518.23
190 $267,518.23 $794.99 $0.00 $1,512.59 $269,825.81
191 $269,825.81 $794.99 $0.00 $1,525.63 $272,146.43
192 $272,146.43 $794.99 $0.00 $1,538.76 $274,480.18
193 $274,480.18 $794.99 $0.00 $1,551.95 $276,827.12
194 $276,827.12 $794.99 $0.00 $1,565.22 $279,187.33
195 $279,187.33 $794.99 $0.00 $1,578.57 $281,560.89
196 $281,560.89 $794.99 $0.00 $1,591.99 $283,947.87
197 $283,947.87 $794.99 $0.00 $1,605.48 $286,348.34
198 $286,348.34 $794.99 $0.00 $1,619.06 $288,762.39
199 $288,762.39 $794.99 $0.00 $1,632.70 $291,190.08
200 $291,190.08 $794.99 $0.00 $1,646.43 $293,631.50
201 $293,631.50 $794.99 $0.00 $1,660.24 $296,086.73
202 $296,086.73 $794.99 $0.00 $1,674.12 $298,555.84
203 $298,555.84 $794.99 $0.00 $1,688.08 $301,038.91
204 $301,038.91 $794.99 $0.00 $1,702.12 $303,536.02
205 $303,536.02 $794.99 $0.00 $1,716.24 $306,047.25
206 $306,047.25 $794.99 $0.00 $1,730.44 $308,572.68
207 $308,572.68 $794.99 $0.00 $1,744.71 $311,112.38
208 $311,112.38 $794.99 $0.00 $1,759.07 $313,666.44
209 $313,666.44 $794.99 $0.00 $1,773.52 $316,234.95
210 $316,234.95 $794.99 $0.00 $1,788.04 $318,817.98
211 $318,817.98 $794.99 $0.00 $1,802.64 $321,415.61
212 $321,415.61 $794.99 $0.00 $1,817.33 $324,027.93
213 $324,027.93 $794.99 $0.00 $1,832.10 $326,655.02
214 $326,655.02 $794.99 $0.00 $1,846.95 $329,296.96
215 $329,296.96 $794.99 $0.00 $1,861.89 $331,953.84
216 $331,953.84 $794.99 $0.00 $1,876.92 $334,625.75
217 $334,625.75 $794.99 $90,622.74 $1,892.02 $246,690.02
218 $246,690.02 $794.99 $0.00 $1,394.82 $248,879.83
219 $248,879.83 $794.99 $0.00 $1,407.20 $251,082.02
220 $251,082.02 $794.99 $0.00 $1,419.65 $253,296.66
221 $253,296.66 $794.99 $0.00 $1,432.18 $255,523.83
222 $255,523.83 $794.99 $0.00 $1,444.77 $257,763.59
223 $257,763.59 $794.99 $0.00 $1,457.43 $260,016.01
224 $260,016.01 $794.99 $0.00 $1,470.17 $262,281.17
225 $262,281.17 $794.99 $0.00 $1,482.98 $264,559.14
226 $264,559.14 $794.99 $0.00 $1,495.86 $266,849.99
227 $266,849.99 $794.99 $0.00 $1,508.81 $269,153.79
228 $269,153.79 $794.99 $0.00 $1,521.83 $271,470.61
229 $271,470.61 $794.99 $96,966.34 $1,534.93 $176,834.19
230 $176,834.19 $794.99 $0.00 $999.85 $178,629.03
231 $178,629.03 $794.99 $0.00 $1,009.99 $180,434.01
232 $180,434.01 $794.99 $0.00 $1,020.20 $182,249.20
233 $182,249.20 $794.99 $0.00 $1,030.46 $184,074.65
234 $184,074.65 $794.99 $0.00 $1,040.78 $185,910.42
235 $185,910.42 $794.99 $0.00 $1,051.16 $187,756.57
236 $187,756.57 $794.99 $0.00 $1,061.60 $189,613.16
237 $189,613.16 $794.99 $0.00 $1,072.10 $191,480.25
238 $191,480.25 $794.99 $0.00 $1,082.66 $193,357.90
239 $193,357.90 $794.99 $0.00 $1,093.27 $195,246.16
240 $195,246.16 $794.99 $0.00 $1,103.95 $197,145.10
241 $197,145.10 $794.99 $103,753.98 $1,114.69 $95,300.80
242 $95,300.80 $794.99 $0.00 $538.84 $96,634.63
243 $96,634.63 $794.99 $0.00 $546.39 $97,976.01
244 $97,976.01 $794.99 $0.00 $553.97 $99,324.97
245 $99,324.97 $794.99 $0.00 $561.60 $100,681.56
246 $100,681.56 $794.99 $0.00 $569.27 $102,045.82
247 $102,045.82 $794.99 $0.00 $576.98 $103,417.79
248 $103,417.79 $794.99 $0.00 $584.74 $104,797.52
249 $104,797.52 $794.99 $0.00 $592.54 $106,185.05
250 $106,185.05 $794.99 $0.00 $600.39 $107,580.43
251 $107,580.43 $794.99 $0.00 $608.28 $108,983.70
252 $108,983.70 $794.99 $0.00 $616.21 $110,394.90
253 $110,394.90 $0.00 $111,016.76 $624.19 $2.33