Savings Plan and Future Cost Estimation for Notre Dame of Maryland University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$223,262
Monthly savings required$1,764

How much will it cost to send your child to Notre Dame of Maryland University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $893,049.11 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,764.49 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$59,510.00
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 $1,764.49 $0.00 $0.00 $1,764.49
2 $1,764.49 $1,764.49 $0.00 $9.98 $3,538.96
3 $3,538.96 $1,764.49 $0.00 $20.01 $5,323.46
4 $5,323.46 $1,764.49 $0.00 $30.10 $7,118.05
5 $7,118.05 $1,764.49 $0.00 $40.25 $8,922.79
6 $8,922.79 $1,764.49 $0.00 $50.45 $10,737.73
7 $10,737.73 $1,764.49 $0.00 $60.71 $12,562.93
8 $12,562.93 $1,764.49 $0.00 $71.03 $14,398.45
9 $14,398.45 $1,764.49 $0.00 $81.41 $16,244.35
10 $16,244.35 $1,764.49 $0.00 $91.85 $18,100.69
11 $18,100.69 $1,764.49 $0.00 $102.34 $19,967.52
12 $19,967.52 $1,764.49 $0.00 $112.90 $21,844.91
13 $21,844.91 $1,764.49 $0.00 $123.51 $23,732.91
14 $23,732.91 $1,764.49 $0.00 $134.19 $25,631.59
15 $25,631.59 $1,764.49 $0.00 $144.92 $27,541.00
16 $27,541.00 $1,764.49 $0.00 $155.72 $29,461.21
17 $29,461.21 $1,764.49 $0.00 $166.58 $31,392.28
18 $31,392.28 $1,764.49 $0.00 $177.50 $33,334.27
19 $33,334.27 $1,764.49 $0.00 $188.48 $35,287.24
20 $35,287.24 $1,764.49 $0.00 $199.52 $37,251.25
21 $37,251.25 $1,764.49 $0.00 $210.62 $39,226.36
22 $39,226.36 $1,764.49 $0.00 $221.79 $41,212.64
23 $41,212.64 $1,764.49 $0.00 $233.02 $43,210.15
24 $43,210.15 $1,764.49 $0.00 $244.32 $45,218.96
25 $45,218.96 $1,764.49 $0.00 $255.67 $47,239.12
26 $47,239.12 $1,764.49 $0.00 $267.10 $49,270.71
27 $49,270.71 $1,764.49 $0.00 $278.58 $51,313.78
28 $51,313.78 $1,764.49 $0.00 $290.14 $53,368.41
29 $53,368.41 $1,764.49 $0.00 $301.75 $55,434.65
30 $55,434.65 $1,764.49 $0.00 $313.44 $57,512.58
31 $57,512.58 $1,764.49 $0.00 $325.18 $59,602.25
32 $59,602.25 $1,764.49 $0.00 $337.00 $61,703.74
33 $61,703.74 $1,764.49 $0.00 $348.88 $63,817.11
34 $63,817.11 $1,764.49 $0.00 $360.83 $65,942.43
35 $65,942.43 $1,764.49 $0.00 $372.85 $68,079.77
36 $68,079.77 $1,764.49 $0.00 $384.93 $70,229.19
37 $70,229.19 $1,764.49 $0.00 $397.09 $72,390.77
38 $72,390.77 $1,764.49 $0.00 $409.31 $74,564.57
39 $74,564.57 $1,764.49 $0.00 $421.60 $76,750.66
40 $76,750.66 $1,764.49 $0.00 $433.96 $78,949.11
41 $78,949.11 $1,764.49 $0.00 $446.39 $81,159.99
42 $81,159.99 $1,764.49 $0.00 $458.89 $83,383.37
43 $83,383.37 $1,764.49 $0.00 $471.46 $85,619.32
44 $85,619.32 $1,764.49 $0.00 $484.10 $87,867.91
45 $87,867.91 $1,764.49 $0.00 $496.82 $90,129.22
46 $90,129.22 $1,764.49 $0.00 $509.60 $92,403.31
47 $92,403.31 $1,764.49 $0.00 $522.46 $94,690.26
48 $94,690.26 $1,764.49 $0.00 $535.39 $96,990.14
49 $96,990.14 $1,764.49 $0.00 $548.40 $99,303.03
50 $99,303.03 $1,764.49 $0.00 $561.47 $101,628.99
51 $101,628.99 $1,764.49 $0.00 $574.63 $103,968.11
52 $103,968.11 $1,764.49 $0.00 $587.85 $106,320.45
53 $106,320.45 $1,764.49 $0.00 $601.15 $108,686.09
54 $108,686.09 $1,764.49 $0.00 $614.53 $111,065.11
55 $111,065.11 $1,764.49 $0.00 $627.98 $113,457.58
56 $113,457.58 $1,764.49 $0.00 $641.51 $115,863.58
57 $115,863.58 $1,764.49 $0.00 $655.11 $118,283.18
58 $118,283.18 $1,764.49 $0.00 $668.79 $120,716.46
59 $120,716.46 $1,764.49 $0.00 $682.55 $123,163.50
60 $123,163.50 $1,764.49 $0.00 $696.38 $125,624.37
61 $125,624.37 $1,764.49 $0.00 $710.30 $128,099.16
62 $128,099.16 $1,764.49 $0.00 $724.29 $130,587.94
63 $130,587.94 $1,764.49 $0.00 $738.36 $133,090.79
64 $133,090.79 $1,764.49 $0.00 $752.51 $135,607.79
65 $135,607.79 $1,764.49 $0.00 $766.75 $138,139.03
66 $138,139.03 $1,764.49 $0.00 $781.06 $140,684.58
67 $140,684.58 $1,764.49 $0.00 $795.45 $143,244.52
68 $143,244.52 $1,764.49 $0.00 $809.93 $145,818.94
69 $145,818.94 $1,764.49 $0.00 $824.48 $148,407.91
70 $148,407.91 $1,764.49 $0.00 $839.12 $151,011.52
71 $151,011.52 $1,764.49 $0.00 $853.84 $153,629.85
72 $153,629.85 $1,764.49 $0.00 $868.65 $156,262.99
73 $156,262.99 $1,764.49 $0.00 $883.53 $158,911.01
74 $158,911.01 $1,764.49 $0.00 $898.51 $161,574.01
75 $161,574.01 $1,764.49 $0.00 $913.56 $164,252.06
76 $164,252.06 $1,764.49 $0.00 $928.71 $166,945.26
77 $166,945.26 $1,764.49 $0.00 $943.93 $169,653.68
78 $169,653.68 $1,764.49 $0.00 $959.25 $172,377.42
79 $172,377.42 $1,764.49 $0.00 $974.65 $175,116.56
80 $175,116.56 $1,764.49 $0.00 $990.13 $177,871.18
81 $177,871.18 $1,764.49 $0.00 $1,005.71 $180,641.38
82 $180,641.38 $1,764.49 $0.00 $1,021.37 $183,427.24
83 $183,427.24 $1,764.49 $0.00 $1,037.12 $186,228.85
84 $186,228.85 $1,764.49 $0.00 $1,052.96 $189,046.30
85 $189,046.30 $1,764.49 $0.00 $1,068.90 $191,879.69
86 $191,879.69 $1,764.49 $0.00 $1,084.92 $194,729.10
87 $194,729.10 $1,764.49 $0.00 $1,101.03 $197,594.62
88 $197,594.62 $1,764.49 $0.00 $1,117.23 $200,476.34
89 $200,476.34 $1,764.49 $0.00 $1,133.52 $203,374.35
90 $203,374.35 $1,764.49 $0.00 $1,149.91 $206,288.75
91 $206,288.75 $1,764.49 $0.00 $1,166.39 $209,219.63
92 $209,219.63 $1,764.49 $0.00 $1,182.96 $212,167.08
93 $212,167.08 $1,764.49 $0.00 $1,199.62 $215,131.19
94 $215,131.19 $1,764.49 $0.00 $1,216.38 $218,112.06
95 $218,112.06 $1,764.49 $0.00 $1,233.24 $221,109.79
96 $221,109.79 $1,764.49 $0.00 $1,250.19 $224,124.47
97 $224,124.47 $1,764.49 $0.00 $1,267.23 $227,156.19
98 $227,156.19 $1,764.49 $0.00 $1,284.37 $230,205.05
99 $230,205.05 $1,764.49 $0.00 $1,301.61 $233,271.15
100 $233,271.15 $1,764.49 $0.00 $1,318.95 $236,354.59
101 $236,354.59 $1,764.49 $0.00 $1,336.38 $239,455.46
102 $239,455.46 $1,764.49 $0.00 $1,353.92 $242,573.87
103 $242,573.87 $1,764.49 $0.00 $1,371.55 $245,709.91
104 $245,709.91 $1,764.49 $0.00 $1,389.28 $248,863.68
105 $248,863.68 $1,764.49 $0.00 $1,407.11 $252,035.28
106 $252,035.28 $1,764.49 $0.00 $1,425.04 $255,224.81
107 $255,224.81 $1,764.49 $0.00 $1,443.08 $258,432.38
108 $258,432.38 $1,764.49 $0.00 $1,461.21 $261,658.08
109 $261,658.08 $1,764.49 $0.00 $1,479.45 $264,902.02
110 $264,902.02 $1,764.49 $0.00 $1,497.79 $268,164.30
111 $268,164.30 $1,764.49 $0.00 $1,516.24 $271,445.03
112 $271,445.03 $1,764.49 $0.00 $1,534.79 $274,744.31
113 $274,744.31 $1,764.49 $0.00 $1,553.44 $278,062.24
114 $278,062.24 $1,764.49 $0.00 $1,572.20 $281,398.93
115 $281,398.93 $1,764.49 $0.00 $1,591.07 $284,754.49
116 $284,754.49 $1,764.49 $0.00 $1,610.04 $288,129.02
117 $288,129.02 $1,764.49 $0.00 $1,629.12 $291,522.63
118 $291,522.63 $1,764.49 $0.00 $1,648.31 $294,935.43
119 $294,935.43 $1,764.49 $0.00 $1,667.61 $298,367.53
120 $298,367.53 $1,764.49 $0.00 $1,687.01 $301,819.03
121 $301,819.03 $1,764.49 $0.00 $1,706.53 $305,290.05
122 $305,290.05 $1,764.49 $0.00 $1,726.15 $308,780.69
123 $308,780.69 $1,764.49 $0.00 $1,745.89 $312,291.07
124 $312,291.07 $1,764.49 $0.00 $1,765.74 $315,821.30
125 $315,821.30 $1,764.49 $0.00 $1,785.70 $319,371.49
126 $319,371.49 $1,764.49 $0.00 $1,805.77 $322,941.75
127 $322,941.75 $1,764.49 $0.00 $1,825.96 $326,532.20
128 $326,532.20 $1,764.49 $0.00 $1,846.26 $330,142.95
129 $330,142.95 $1,764.49 $0.00 $1,866.68 $333,774.12
130 $333,774.12 $1,764.49 $0.00 $1,887.21 $337,425.82
131 $337,425.82 $1,764.49 $0.00 $1,907.85 $341,098.16
132 $341,098.16 $1,764.49 $0.00 $1,928.62 $344,791.27
133 $344,791.27 $1,764.49 $0.00 $1,949.50 $348,505.26
134 $348,505.26 $1,764.49 $0.00 $1,970.50 $352,240.25
135 $352,240.25 $1,764.49 $0.00 $1,991.62 $355,996.36
136 $355,996.36 $1,764.49 $0.00 $2,012.86 $359,773.71
137 $359,773.71 $1,764.49 $0.00 $2,034.21 $363,572.41
138 $363,572.41 $1,764.49 $0.00 $2,055.69 $367,392.59
139 $367,392.59 $1,764.49 $0.00 $2,077.29 $371,234.37
140 $371,234.37 $1,764.49 $0.00 $2,099.01 $375,097.87
141 $375,097.87 $1,764.49 $0.00 $2,120.86 $378,983.22
142 $378,983.22 $1,764.49 $0.00 $2,142.83 $382,890.54
143 $382,890.54 $1,764.49 $0.00 $2,164.92 $386,819.95
144 $386,819.95 $1,764.49 $0.00 $2,187.14 $390,771.58
145 $390,771.58 $1,764.49 $0.00 $2,209.48 $394,745.55
146 $394,745.55 $1,764.49 $0.00 $2,231.95 $398,741.99
147 $398,741.99 $1,764.49 $0.00 $2,254.55 $402,761.03
148 $402,761.03 $1,764.49 $0.00 $2,277.27 $406,802.79
149 $406,802.79 $1,764.49 $0.00 $2,300.12 $410,867.40
150 $410,867.40 $1,764.49 $0.00 $2,323.10 $414,954.99
151 $414,954.99 $1,764.49 $0.00 $2,346.22 $419,065.70
152 $419,065.70 $1,764.49 $0.00 $2,369.46 $423,199.65
153 $423,199.65 $1,764.49 $0.00 $2,392.83 $427,356.97
154 $427,356.97 $1,764.49 $0.00 $2,416.34 $431,537.80
155 $431,537.80 $1,764.49 $0.00 $2,439.98 $435,742.27
156 $435,742.27 $1,764.49 $0.00 $2,463.75 $439,970.51
157 $439,970.51 $1,764.49 $0.00 $2,487.66 $444,222.66
158 $444,222.66 $1,764.49 $0.00 $2,511.70 $448,498.85
159 $448,498.85 $1,764.49 $0.00 $2,535.88 $452,799.22
160 $452,799.22 $1,764.49 $0.00 $2,560.19 $457,123.90
161 $457,123.90 $1,764.49 $0.00 $2,584.64 $461,473.03
162 $461,473.03 $1,764.49 $0.00 $2,609.24 $465,846.76
163 $465,846.76 $1,764.49 $0.00 $2,633.97 $470,245.22
164 $470,245.22 $1,764.49 $0.00 $2,658.83 $474,668.54
165 $474,668.54 $1,764.49 $0.00 $2,683.84 $479,116.87
166 $479,116.87 $1,764.49 $0.00 $2,709.00 $483,590.36
167 $483,590.36 $1,764.49 $0.00 $2,734.29 $488,089.14
168 $488,089.14 $1,764.49 $0.00 $2,759.73 $492,613.36
169 $492,613.36 $1,764.49 $0.00 $2,785.31 $497,163.16
170 $497,163.16 $1,764.49 $0.00 $2,811.03 $501,738.68
171 $501,738.68 $1,764.49 $0.00 $2,836.90 $506,340.07
172 $506,340.07 $1,764.49 $0.00 $2,862.92 $510,967.48
173 $510,967.48 $1,764.49 $0.00 $2,889.08 $515,621.05
174 $515,621.05 $1,764.49 $0.00 $2,915.40 $520,300.94
175 $520,300.94 $1,764.49 $0.00 $2,941.86 $525,007.29
176 $525,007.29 $1,764.49 $0.00 $2,968.47 $529,740.25
177 $529,740.25 $1,764.49 $0.00 $2,995.23 $534,499.97
178 $534,499.97 $1,764.49 $0.00 $3,022.14 $539,286.60
179 $539,286.60 $1,764.49 $0.00 $3,049.20 $544,100.29
180 $544,100.29 $1,764.49 $0.00 $3,076.42 $548,941.20
181 $548,941.20 $1,764.49 $0.00 $3,103.79 $553,809.48
182 $553,809.48 $1,764.49 $0.00 $3,131.32 $558,705.29
183 $558,705.29 $1,764.49 $0.00 $3,159.00 $563,628.78
184 $563,628.78 $1,764.49 $0.00 $3,186.84 $568,580.11
185 $568,580.11 $1,764.49 $0.00 $3,214.83 $573,559.43
186 $573,559.43 $1,764.49 $0.00 $3,242.99 $578,566.91
187 $578,566.91 $1,764.49 $0.00 $3,271.30 $583,602.70
188 $583,602.70 $1,764.49 $0.00 $3,299.77 $588,666.96
189 $588,666.96 $1,764.49 $0.00 $3,328.41 $593,759.86
190 $593,759.86 $1,764.49 $0.00 $3,357.20 $598,881.55
191 $598,881.55 $1,764.49 $0.00 $3,386.16 $604,032.20
192 $604,032.20 $1,764.49 $0.00 $3,415.29 $609,211.98
193 $609,211.98 $1,764.49 $0.00 $3,444.57 $614,421.04
194 $614,421.04 $1,764.49 $0.00 $3,474.03 $619,659.56
195 $619,659.56 $1,764.49 $0.00 $3,503.65 $624,927.70
196 $624,927.70 $1,764.49 $0.00 $3,533.43 $630,225.62
197 $630,225.62 $1,764.49 $0.00 $3,563.39 $635,553.50
198 $635,553.50 $1,764.49 $0.00 $3,593.51 $640,911.50
199 $640,911.50 $1,764.49 $0.00 $3,623.81 $646,299.80
200 $646,299.80 $1,764.49 $0.00 $3,654.27 $651,718.56
201 $651,718.56 $1,764.49 $0.00 $3,684.91 $657,167.96
202 $657,167.96 $1,764.49 $0.00 $3,715.72 $662,648.17
203 $662,648.17 $1,764.49 $0.00 $3,746.71 $668,159.37
204 $668,159.37 $1,764.49 $0.00 $3,777.87 $673,701.73
205 $673,701.73 $1,764.49 $0.00 $3,809.21 $679,275.43
206 $679,275.43 $1,764.49 $0.00 $3,840.72 $684,880.64
207 $684,880.64 $1,764.49 $0.00 $3,872.41 $690,517.54
208 $690,517.54 $1,764.49 $0.00 $3,904.29 $696,186.32
209 $696,186.32 $1,764.49 $0.00 $3,936.34 $701,887.15
210 $701,887.15 $1,764.49 $0.00 $3,968.57 $707,620.21
211 $707,620.21 $1,764.49 $0.00 $4,000.99 $713,385.69
212 $713,385.69 $1,764.49 $0.00 $4,033.59 $719,183.77
213 $719,183.77 $1,764.49 $0.00 $4,066.37 $725,014.63
214 $725,014.63 $1,764.49 $0.00 $4,099.34 $730,878.46
215 $730,878.46 $1,764.49 $0.00 $4,132.49 $736,775.44
216 $736,775.44 $1,764.49 $0.00 $4,165.84 $742,705.77
217 $742,705.77 $1,764.49 $201,139.77 $4,199.37 $547,529.86
218 $547,529.86 $1,764.49 $0.00 $3,095.81 $552,390.16
219 $552,390.16 $1,764.49 $0.00 $3,123.29 $557,277.94
220 $557,277.94 $1,764.49 $0.00 $3,150.93 $562,193.36
221 $562,193.36 $1,764.49 $0.00 $3,178.72 $567,136.57
222 $567,136.57 $1,764.49 $0.00 $3,206.67 $572,107.73
223 $572,107.73 $1,764.49 $0.00 $3,234.78 $577,107.00
224 $577,107.00 $1,764.49 $0.00 $3,263.05 $582,134.54
225 $582,134.54 $1,764.49 $0.00 $3,291.47 $587,190.50
226 $587,190.50 $1,764.49 $0.00 $3,320.06 $592,275.05
227 $592,275.05 $1,764.49 $0.00 $3,348.81 $597,388.35
228 $597,388.35 $1,764.49 $0.00 $3,377.72 $602,530.56
229 $602,530.56 $1,764.49 $215,219.55 $3,406.80 $392,482.30
230 $392,482.30 $1,764.49 $0.00 $2,219.15 $396,465.94
231 $396,465.94 $1,764.49 $0.00 $2,241.68 $400,472.11
232 $400,472.11 $1,764.49 $0.00 $2,264.33 $404,500.93
233 $404,500.93 $1,764.49 $0.00 $2,287.11 $408,552.53
234 $408,552.53 $1,764.49 $0.00 $2,310.02 $412,627.04
235 $412,627.04 $1,764.49 $0.00 $2,333.05 $416,724.58
236 $416,724.58 $1,764.49 $0.00 $2,356.22 $420,845.29
237 $420,845.29 $1,764.49 $0.00 $2,379.52 $424,989.30
238 $424,989.30 $1,764.49 $0.00 $2,402.95 $429,156.74
239 $429,156.74 $1,764.49 $0.00 $2,426.51 $433,347.74
240 $433,347.74 $1,764.49 $0.00 $2,450.21 $437,562.44
241 $437,562.44 $1,764.49 $230,284.92 $2,474.04 $211,516.05
242 $211,516.05 $1,764.49 $0.00 $1,195.94 $214,476.48
243 $214,476.48 $1,764.49 $0.00 $1,212.68 $217,453.65
244 $217,453.65 $1,764.49 $0.00 $1,229.51 $220,447.65
245 $220,447.65 $1,764.49 $0.00 $1,246.44 $223,458.58
246 $223,458.58 $1,764.49 $0.00 $1,263.47 $226,486.54
247 $226,486.54 $1,764.49 $0.00 $1,280.59 $229,531.62
248 $229,531.62 $1,764.49 $0.00 $1,297.81 $232,593.92
249 $232,593.92 $1,764.49 $0.00 $1,315.12 $235,673.53
250 $235,673.53 $1,764.49 $0.00 $1,332.53 $238,770.55
251 $238,770.55 $1,764.49 $0.00 $1,350.04 $241,885.08
252 $241,885.08 $1,764.49 $0.00 $1,367.65 $245,017.22
253 $245,017.22 $0.00 $246,404.87 $1,385.36 -$2.29