Savings Plan and Future Cost Estimation for University of Michigan Flint

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$101,318
Monthly savings required$801

How much will it cost to send your child to University of Michigan Flint in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $405,271.12 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $800.74 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$27,006.00
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 $800.74 $0.00 $0.00 $800.74
2 $800.74 $800.74 $0.00 $4.53 $1,606.01
3 $1,606.01 $800.74 $0.00 $9.08 $2,415.83
4 $2,415.83 $800.74 $0.00 $13.66 $3,230.23
5 $3,230.23 $800.74 $0.00 $18.26 $4,049.23
6 $4,049.23 $800.74 $0.00 $22.89 $4,872.86
7 $4,872.86 $800.74 $0.00 $27.55 $5,701.15
8 $5,701.15 $800.74 $0.00 $32.24 $6,534.13
9 $6,534.13 $800.74 $0.00 $36.94 $7,371.81
10 $7,371.81 $800.74 $0.00 $41.68 $8,214.23
11 $8,214.23 $800.74 $0.00 $46.44 $9,061.41
12 $9,061.41 $800.74 $0.00 $51.23 $9,913.38
13 $9,913.38 $800.74 $0.00 $56.05 $10,770.17
14 $10,770.17 $800.74 $0.00 $60.90 $11,631.81
15 $11,631.81 $800.74 $0.00 $65.77 $12,498.32
16 $12,498.32 $800.74 $0.00 $70.67 $13,369.73
17 $13,369.73 $800.74 $0.00 $75.59 $14,246.06
18 $14,246.06 $800.74 $0.00 $80.55 $15,127.35
19 $15,127.35 $800.74 $0.00 $85.53 $16,013.62
20 $16,013.62 $800.74 $0.00 $90.54 $16,904.90
21 $16,904.90 $800.74 $0.00 $95.58 $17,801.22
22 $17,801.22 $800.74 $0.00 $100.65 $18,702.61
23 $18,702.61 $800.74 $0.00 $105.75 $19,609.10
24 $19,609.10 $800.74 $0.00 $110.87 $20,520.71
25 $20,520.71 $800.74 $0.00 $116.03 $21,437.48
26 $21,437.48 $800.74 $0.00 $121.21 $22,359.43
27 $22,359.43 $800.74 $0.00 $126.42 $23,286.59
28 $23,286.59 $800.74 $0.00 $131.67 $24,219.00
29 $24,219.00 $800.74 $0.00 $136.94 $25,156.68
30 $25,156.68 $800.74 $0.00 $142.24 $26,099.66
31 $26,099.66 $800.74 $0.00 $147.57 $27,047.97
32 $27,047.97 $800.74 $0.00 $152.93 $28,001.64
33 $28,001.64 $800.74 $0.00 $158.33 $28,960.71
34 $28,960.71 $800.74 $0.00 $163.75 $29,925.20
35 $29,925.20 $800.74 $0.00 $169.20 $30,895.14
36 $30,895.14 $800.74 $0.00 $174.69 $31,870.57
37 $31,870.57 $800.74 $0.00 $180.20 $32,851.51
38 $32,851.51 $800.74 $0.00 $185.75 $33,838.00
39 $33,838.00 $800.74 $0.00 $191.32 $34,830.06
40 $34,830.06 $800.74 $0.00 $196.93 $35,827.73
41 $35,827.73 $800.74 $0.00 $202.58 $36,831.05
42 $36,831.05 $800.74 $0.00 $208.25 $37,840.04
43 $37,840.04 $800.74 $0.00 $213.95 $38,854.73
44 $38,854.73 $800.74 $0.00 $219.69 $39,875.16
45 $39,875.16 $800.74 $0.00 $225.46 $40,901.36
46 $40,901.36 $800.74 $0.00 $231.26 $41,933.36
47 $41,933.36 $800.74 $0.00 $237.10 $42,971.20
48 $42,971.20 $800.74 $0.00 $242.97 $44,014.91
49 $44,014.91 $800.74 $0.00 $248.87 $45,064.52
50 $45,064.52 $800.74 $0.00 $254.80 $46,120.06
51 $46,120.06 $800.74 $0.00 $260.77 $47,181.57
52 $47,181.57 $800.74 $0.00 $266.77 $48,249.08
53 $48,249.08 $800.74 $0.00 $272.81 $49,322.63
54 $49,322.63 $800.74 $0.00 $278.88 $50,402.25
55 $50,402.25 $800.74 $0.00 $284.98 $51,487.97
56 $51,487.97 $800.74 $0.00 $291.12 $52,579.83
57 $52,579.83 $800.74 $0.00 $297.29 $53,677.86
58 $53,677.86 $800.74 $0.00 $303.50 $54,782.10
59 $54,782.10 $800.74 $0.00 $309.75 $55,892.59
60 $55,892.59 $800.74 $0.00 $316.02 $57,009.35
61 $57,009.35 $800.74 $0.00 $322.34 $58,132.43
62 $58,132.43 $800.74 $0.00 $328.69 $59,261.86
63 $59,261.86 $800.74 $0.00 $335.08 $60,397.68
64 $60,397.68 $800.74 $0.00 $341.50 $61,539.92
65 $61,539.92 $800.74 $0.00 $347.96 $62,688.62
66 $62,688.62 $800.74 $0.00 $354.45 $63,843.81
67 $63,843.81 $800.74 $0.00 $360.98 $65,005.53
68 $65,005.53 $800.74 $0.00 $367.55 $66,173.82
69 $66,173.82 $800.74 $0.00 $374.16 $67,348.72
70 $67,348.72 $800.74 $0.00 $380.80 $68,530.26
71 $68,530.26 $800.74 $0.00 $387.48 $69,718.48
72 $69,718.48 $800.74 $0.00 $394.20 $70,913.42
73 $70,913.42 $800.74 $0.00 $400.95 $72,115.11
74 $72,115.11 $800.74 $0.00 $407.75 $73,323.60
75 $73,323.60 $800.74 $0.00 $414.58 $74,538.92
76 $74,538.92 $800.74 $0.00 $421.45 $75,761.11
77 $75,761.11 $800.74 $0.00 $428.36 $76,990.21
78 $76,990.21 $800.74 $0.00 $435.31 $78,226.26
79 $78,226.26 $800.74 $0.00 $442.30 $79,469.30
80 $79,469.30 $800.74 $0.00 $449.33 $80,719.37
81 $80,719.37 $800.74 $0.00 $456.40 $81,976.51
82 $81,976.51 $800.74 $0.00 $463.51 $83,240.76
83 $83,240.76 $800.74 $0.00 $470.66 $84,512.16
84 $84,512.16 $800.74 $0.00 $477.84 $85,790.74
85 $85,790.74 $800.74 $0.00 $485.07 $87,076.55
86 $87,076.55 $800.74 $0.00 $492.34 $88,369.63
87 $88,369.63 $800.74 $0.00 $499.65 $89,670.02
88 $89,670.02 $800.74 $0.00 $507.01 $90,977.77
89 $90,977.77 $800.74 $0.00 $514.40 $92,292.91
90 $92,292.91 $800.74 $0.00 $521.84 $93,615.49
91 $93,615.49 $800.74 $0.00 $529.32 $94,945.55
92 $94,945.55 $800.74 $0.00 $536.84 $96,283.13
93 $96,283.13 $800.74 $0.00 $544.40 $97,628.27
94 $97,628.27 $800.74 $0.00 $552.00 $98,981.01
95 $98,981.01 $800.74 $0.00 $559.65 $100,341.40
96 $100,341.40 $800.74 $0.00 $567.34 $101,709.48
97 $101,709.48 $800.74 $0.00 $575.08 $103,085.30
98 $103,085.30 $800.74 $0.00 $582.86 $104,468.90
99 $104,468.90 $800.74 $0.00 $590.68 $105,860.32
100 $105,860.32 $800.74 $0.00 $598.55 $107,259.61
101 $107,259.61 $800.74 $0.00 $606.46 $108,666.81
102 $108,666.81 $800.74 $0.00 $614.42 $110,081.97
103 $110,081.97 $800.74 $0.00 $622.42 $111,505.13
104 $111,505.13 $800.74 $0.00 $630.47 $112,936.34
105 $112,936.34 $800.74 $0.00 $638.56 $114,375.64
106 $114,375.64 $800.74 $0.00 $646.70 $115,823.08
107 $115,823.08 $800.74 $0.00 $654.88 $117,278.70
108 $117,278.70 $800.74 $0.00 $663.11 $118,742.55
109 $118,742.55 $800.74 $0.00 $671.39 $120,214.68
110 $120,214.68 $800.74 $0.00 $679.71 $121,695.13
111 $121,695.13 $800.74 $0.00 $688.08 $123,183.95
112 $123,183.95 $800.74 $0.00 $696.50 $124,681.19
113 $124,681.19 $800.74 $0.00 $704.97 $126,186.90
114 $126,186.90 $800.74 $0.00 $713.48 $127,701.12
115 $127,701.12 $800.74 $0.00 $722.04 $129,223.90
116 $129,223.90 $800.74 $0.00 $730.65 $130,755.29
117 $130,755.29 $800.74 $0.00 $739.31 $132,295.34
118 $132,295.34 $800.74 $0.00 $748.02 $133,844.10
119 $133,844.10 $800.74 $0.00 $756.77 $135,401.61
120 $135,401.61 $800.74 $0.00 $765.58 $136,967.93
121 $136,967.93 $800.74 $0.00 $774.44 $138,543.11
122 $138,543.11 $800.74 $0.00 $783.34 $140,127.19
123 $140,127.19 $800.74 $0.00 $792.30 $141,720.23
124 $141,720.23 $800.74 $0.00 $801.31 $143,322.28
125 $143,322.28 $800.74 $0.00 $810.37 $144,933.39
126 $144,933.39 $800.74 $0.00 $819.47 $146,553.60
127 $146,553.60 $800.74 $0.00 $828.64 $148,182.98
128 $148,182.98 $800.74 $0.00 $837.85 $149,821.57
129 $149,821.57 $800.74 $0.00 $847.11 $151,469.42
130 $151,469.42 $800.74 $0.00 $856.43 $153,126.59
131 $153,126.59 $800.74 $0.00 $865.80 $154,793.13
132 $154,793.13 $800.74 $0.00 $875.22 $156,469.09
133 $156,469.09 $800.74 $0.00 $884.70 $158,154.53
134 $158,154.53 $800.74 $0.00 $894.23 $159,849.50
135 $159,849.50 $800.74 $0.00 $903.81 $161,554.05
136 $161,554.05 $800.74 $0.00 $913.45 $163,268.24
137 $163,268.24 $800.74 $0.00 $923.14 $164,992.12
138 $164,992.12 $800.74 $0.00 $932.89 $166,725.75
139 $166,725.75 $800.74 $0.00 $942.69 $168,469.18
140 $168,469.18 $800.74 $0.00 $952.55 $170,222.47
141 $170,222.47 $800.74 $0.00 $962.46 $171,985.67
142 $171,985.67 $800.74 $0.00 $972.43 $173,758.84
143 $173,758.84 $800.74 $0.00 $982.46 $175,542.04
144 $175,542.04 $800.74 $0.00 $992.54 $177,335.32
145 $177,335.32 $800.74 $0.00 $1,002.68 $179,138.74
146 $179,138.74 $800.74 $0.00 $1,012.88 $180,952.36
147 $180,952.36 $800.74 $0.00 $1,023.13 $182,776.23
148 $182,776.23 $800.74 $0.00 $1,033.44 $184,610.41
149 $184,610.41 $800.74 $0.00 $1,043.81 $186,454.96
150 $186,454.96 $800.74 $0.00 $1,054.24 $188,309.94
151 $188,309.94 $800.74 $0.00 $1,064.73 $190,175.41
152 $190,175.41 $800.74 $0.00 $1,075.28 $192,051.43
153 $192,051.43 $800.74 $0.00 $1,085.89 $193,938.06
154 $193,938.06 $800.74 $0.00 $1,096.55 $195,835.35
155 $195,835.35 $800.74 $0.00 $1,107.28 $197,743.37
156 $197,743.37 $800.74 $0.00 $1,118.07 $199,662.18
157 $199,662.18 $800.74 $0.00 $1,128.92 $201,591.84
158 $201,591.84 $800.74 $0.00 $1,139.83 $203,532.41
159 $203,532.41 $800.74 $0.00 $1,150.80 $205,483.95
160 $205,483.95 $800.74 $0.00 $1,161.84 $207,446.53
161 $207,446.53 $800.74 $0.00 $1,172.93 $209,420.20
162 $209,420.20 $800.74 $0.00 $1,184.09 $211,405.03
163 $211,405.03 $800.74 $0.00 $1,195.31 $213,401.08
164 $213,401.08 $800.74 $0.00 $1,206.60 $215,408.42
165 $215,408.42 $800.74 $0.00 $1,217.95 $217,427.11
166 $217,427.11 $800.74 $0.00 $1,229.36 $219,457.21
167 $219,457.21 $800.74 $0.00 $1,240.84 $221,498.79
168 $221,498.79 $800.74 $0.00 $1,252.39 $223,551.92
169 $223,551.92 $800.74 $0.00 $1,264.00 $225,616.66
170 $225,616.66 $800.74 $0.00 $1,275.67 $227,693.07
171 $227,693.07 $800.74 $0.00 $1,287.41 $229,781.22
172 $229,781.22 $800.74 $0.00 $1,299.22 $231,881.18
173 $231,881.18 $800.74 $0.00 $1,311.09 $233,993.01
174 $233,993.01 $800.74 $0.00 $1,323.03 $236,116.78
175 $236,116.78 $800.74 $0.00 $1,335.04 $238,252.56
176 $238,252.56 $800.74 $0.00 $1,347.11 $240,400.41
177 $240,400.41 $800.74 $0.00 $1,359.26 $242,560.41
178 $242,560.41 $800.74 $0.00 $1,371.47 $244,732.62
179 $244,732.62 $800.74 $0.00 $1,383.75 $246,917.11
180 $246,917.11 $800.74 $0.00 $1,396.11 $249,113.96
181 $249,113.96 $800.74 $0.00 $1,408.53 $251,323.23
182 $251,323.23 $800.74 $0.00 $1,421.02 $253,544.99
183 $253,544.99 $800.74 $0.00 $1,433.58 $255,779.31
184 $255,779.31 $800.74 $0.00 $1,446.21 $258,026.26
185 $258,026.26 $800.74 $0.00 $1,458.92 $260,285.92
186 $260,285.92 $800.74 $0.00 $1,471.69 $262,558.35
187 $262,558.35 $800.74 $0.00 $1,484.54 $264,843.63
188 $264,843.63 $800.74 $0.00 $1,497.46 $267,141.83
189 $267,141.83 $800.74 $0.00 $1,510.46 $269,453.03
190 $269,453.03 $800.74 $0.00 $1,523.53 $271,777.30
191 $271,777.30 $800.74 $0.00 $1,536.67 $274,114.71
192 $274,114.71 $800.74 $0.00 $1,549.88 $276,465.33
193 $276,465.33 $800.74 $0.00 $1,563.18 $278,829.25
194 $278,829.25 $800.74 $0.00 $1,576.54 $281,206.53
195 $281,206.53 $800.74 $0.00 $1,589.98 $283,597.25
196 $283,597.25 $800.74 $0.00 $1,603.50 $286,001.49
197 $286,001.49 $800.74 $0.00 $1,617.09 $288,419.32
198 $288,419.32 $800.74 $0.00 $1,630.76 $290,850.82
199 $290,850.82 $800.74 $0.00 $1,644.51 $293,296.07
200 $293,296.07 $800.74 $0.00 $1,658.34 $295,755.15
201 $295,755.15 $800.74 $0.00 $1,672.24 $298,228.13
202 $298,228.13 $800.74 $0.00 $1,686.23 $300,715.10
203 $300,715.10 $800.74 $0.00 $1,700.29 $303,216.13
204 $303,216.13 $800.74 $0.00 $1,714.43 $305,731.30
205 $305,731.30 $800.74 $0.00 $1,728.65 $308,260.69
206 $308,260.69 $800.74 $0.00 $1,742.95 $310,804.38
207 $310,804.38 $800.74 $0.00 $1,757.33 $313,362.45
208 $313,362.45 $800.74 $0.00 $1,771.80 $315,934.99
209 $315,934.99 $800.74 $0.00 $1,786.34 $318,522.07
210 $318,522.07 $800.74 $0.00 $1,800.97 $321,123.78
211 $321,123.78 $800.74 $0.00 $1,815.68 $323,740.20
212 $323,740.20 $800.74 $0.00 $1,830.47 $326,371.41
213 $326,371.41 $800.74 $0.00 $1,845.35 $329,017.50
214 $329,017.50 $800.74 $0.00 $1,860.31 $331,678.55
215 $331,678.55 $800.74 $0.00 $1,875.36 $334,354.65
216 $334,354.65 $800.74 $0.00 $1,890.49 $337,045.88
217 $337,045.88 $800.74 $91,278.45 $1,905.71 $248,473.88
218 $248,473.88 $800.74 $0.00 $1,404.91 $250,679.53
219 $250,679.53 $800.74 $0.00 $1,417.38 $252,897.65
220 $252,897.65 $800.74 $0.00 $1,429.92 $255,128.31
221 $255,128.31 $800.74 $0.00 $1,442.53 $257,371.58
222 $257,371.58 $800.74 $0.00 $1,455.22 $259,627.54
223 $259,627.54 $800.74 $0.00 $1,467.97 $261,896.25
224 $261,896.25 $800.74 $0.00 $1,480.80 $264,177.79
225 $264,177.79 $800.74 $0.00 $1,493.70 $266,472.23
226 $266,472.23 $800.74 $0.00 $1,506.67 $268,779.64
227 $268,779.64 $800.74 $0.00 $1,519.72 $271,100.10
228 $271,100.10 $800.74 $0.00 $1,532.84 $273,433.68
229 $273,433.68 $800.74 $97,667.94 $1,546.03 $178,112.51
230 $178,112.51 $800.74 $0.00 $1,007.07 $179,920.32
231 $179,920.32 $800.74 $0.00 $1,017.30 $181,738.36
232 $181,738.36 $800.74 $0.00 $1,027.58 $183,566.68
233 $183,566.68 $800.74 $0.00 $1,037.91 $185,405.33
234 $185,405.33 $800.74 $0.00 $1,048.31 $187,254.38
235 $187,254.38 $800.74 $0.00 $1,058.76 $189,113.88
236 $189,113.88 $800.74 $0.00 $1,069.28 $190,983.90
237 $190,983.90 $800.74 $0.00 $1,079.85 $192,864.49
238 $192,864.49 $800.74 $0.00 $1,090.48 $194,755.71
239 $194,755.71 $800.74 $0.00 $1,101.18 $196,657.63
240 $196,657.63 $800.74 $0.00 $1,111.93 $198,570.30
241 $198,570.30 $800.74 $104,504.70 $1,122.75 $95,989.09
242 $95,989.09 $800.74 $0.00 $542.74 $97,332.57
243 $97,332.57 $800.74 $0.00 $550.33 $98,683.64
244 $98,683.64 $800.74 $0.00 $557.97 $100,042.35
245 $100,042.35 $800.74 $0.00 $565.65 $101,408.74
246 $101,408.74 $800.74 $0.00 $573.38 $102,782.86
247 $102,782.86 $800.74 $0.00 $581.15 $104,164.75
248 $104,164.75 $800.74 $0.00 $588.96 $105,554.45
249 $105,554.45 $800.74 $0.00 $596.82 $106,952.01
250 $106,952.01 $800.74 $0.00 $604.72 $108,357.47
251 $108,357.47 $800.74 $0.00 $612.67 $109,770.88
252 $109,770.88 $800.74 $0.00 $620.66 $111,192.28
253 $111,192.28 $0.00 $111,820.03 $628.70 $0.95