Savings Plan and Future Cost Estimation for University of New Mexico Main Campus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$92,621
Monthly savings required$732

How much will it cost to send your child to University of New Mexico Main Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $370,485.57 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $732.00 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$24,688.00
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 $732.00 $0.00 $0.00 $732.00
2 $732.00 $732.00 $0.00 $4.14 $1,468.14
3 $1,468.14 $732.00 $0.00 $8.30 $2,208.44
4 $2,208.44 $732.00 $0.00 $12.49 $2,952.93
5 $2,952.93 $732.00 $0.00 $16.70 $3,701.63
6 $3,701.63 $732.00 $0.00 $20.93 $4,454.56
7 $4,454.56 $732.00 $0.00 $25.19 $5,211.75
8 $5,211.75 $732.00 $0.00 $29.47 $5,973.22
9 $5,973.22 $732.00 $0.00 $33.77 $6,738.99
10 $6,738.99 $732.00 $0.00 $38.10 $7,509.09
11 $7,509.09 $732.00 $0.00 $42.46 $8,283.55
12 $8,283.55 $732.00 $0.00 $46.84 $9,062.39
13 $9,062.39 $732.00 $0.00 $51.24 $9,845.63
14 $9,845.63 $732.00 $0.00 $55.67 $10,633.30
15 $10,633.30 $732.00 $0.00 $60.12 $11,425.42
16 $11,425.42 $732.00 $0.00 $64.60 $12,222.02
17 $12,222.02 $732.00 $0.00 $69.11 $13,023.13
18 $13,023.13 $732.00 $0.00 $73.63 $13,828.76
19 $13,828.76 $732.00 $0.00 $78.19 $14,638.95
20 $14,638.95 $732.00 $0.00 $82.77 $15,453.72
21 $15,453.72 $732.00 $0.00 $87.38 $16,273.10
22 $16,273.10 $732.00 $0.00 $92.01 $17,097.11
23 $17,097.11 $732.00 $0.00 $96.67 $17,925.78
24 $17,925.78 $732.00 $0.00 $101.35 $18,759.13
25 $18,759.13 $732.00 $0.00 $106.07 $19,597.20
26 $19,597.20 $732.00 $0.00 $110.81 $20,440.01
27 $20,440.01 $732.00 $0.00 $115.57 $21,287.58
28 $21,287.58 $732.00 $0.00 $120.36 $22,139.94
29 $22,139.94 $732.00 $0.00 $125.18 $22,997.12
30 $22,997.12 $732.00 $0.00 $130.03 $23,859.15
31 $23,859.15 $732.00 $0.00 $134.90 $24,726.05
32 $24,726.05 $732.00 $0.00 $139.80 $25,597.85
33 $25,597.85 $732.00 $0.00 $144.73 $26,474.58
34 $26,474.58 $732.00 $0.00 $149.69 $27,356.27
35 $27,356.27 $732.00 $0.00 $154.68 $28,242.95
36 $28,242.95 $732.00 $0.00 $159.69 $29,134.64
37 $29,134.64 $732.00 $0.00 $164.73 $30,031.37
38 $30,031.37 $732.00 $0.00 $169.80 $30,933.17
39 $30,933.17 $732.00 $0.00 $174.90 $31,840.07
40 $31,840.07 $732.00 $0.00 $180.03 $32,752.10
41 $32,752.10 $732.00 $0.00 $185.19 $33,669.29
42 $33,669.29 $732.00 $0.00 $190.37 $34,591.66
43 $34,591.66 $732.00 $0.00 $195.59 $35,519.25
44 $35,519.25 $732.00 $0.00 $200.83 $36,452.08
45 $36,452.08 $732.00 $0.00 $206.11 $37,390.19
46 $37,390.19 $732.00 $0.00 $211.41 $38,333.60
47 $38,333.60 $732.00 $0.00 $216.74 $39,282.34
48 $39,282.34 $732.00 $0.00 $222.11 $40,236.45
49 $40,236.45 $732.00 $0.00 $227.50 $41,195.95
50 $41,195.95 $732.00 $0.00 $232.93 $42,160.88
51 $42,160.88 $732.00 $0.00 $238.38 $43,131.26
52 $43,131.26 $732.00 $0.00 $243.87 $44,107.13
53 $44,107.13 $732.00 $0.00 $249.39 $45,088.52
54 $45,088.52 $732.00 $0.00 $254.94 $46,075.46
55 $46,075.46 $732.00 $0.00 $260.52 $47,067.98
56 $47,067.98 $732.00 $0.00 $266.13 $48,066.11
57 $48,066.11 $732.00 $0.00 $271.77 $49,069.88
58 $49,069.88 $732.00 $0.00 $277.45 $50,079.33
59 $50,079.33 $732.00 $0.00 $283.16 $51,094.49
60 $51,094.49 $732.00 $0.00 $288.90 $52,115.39
61 $52,115.39 $732.00 $0.00 $294.67 $53,142.06
62 $53,142.06 $732.00 $0.00 $300.47 $54,174.53
63 $54,174.53 $732.00 $0.00 $306.31 $55,212.84
64 $55,212.84 $732.00 $0.00 $312.18 $56,257.02
65 $56,257.02 $732.00 $0.00 $318.09 $57,307.11
66 $57,307.11 $732.00 $0.00 $324.02 $58,363.13
67 $58,363.13 $732.00 $0.00 $329.99 $59,425.12
68 $59,425.12 $732.00 $0.00 $336.00 $60,493.12
69 $60,493.12 $732.00 $0.00 $342.04 $61,567.16
70 $61,567.16 $732.00 $0.00 $348.11 $62,647.27
71 $62,647.27 $732.00 $0.00 $354.22 $63,733.49
72 $63,733.49 $732.00 $0.00 $360.36 $64,825.85
73 $64,825.85 $732.00 $0.00 $366.53 $65,924.38
74 $65,924.38 $732.00 $0.00 $372.75 $67,029.13
75 $67,029.13 $732.00 $0.00 $378.99 $68,140.12
76 $68,140.12 $732.00 $0.00 $385.27 $69,257.39
77 $69,257.39 $732.00 $0.00 $391.59 $70,380.98
78 $70,380.98 $732.00 $0.00 $397.94 $71,510.92
79 $71,510.92 $732.00 $0.00 $404.33 $72,647.25
80 $72,647.25 $732.00 $0.00 $410.76 $73,790.01
81 $73,790.01 $732.00 $0.00 $417.22 $74,939.23
82 $74,939.23 $732.00 $0.00 $423.72 $76,094.95
83 $76,094.95 $732.00 $0.00 $430.25 $77,257.20
84 $77,257.20 $732.00 $0.00 $436.82 $78,426.02
85 $78,426.02 $732.00 $0.00 $443.43 $79,601.45
86 $79,601.45 $732.00 $0.00 $450.08 $80,783.53
87 $80,783.53 $732.00 $0.00 $456.76 $81,972.29
88 $81,972.29 $732.00 $0.00 $463.48 $83,167.77
89 $83,167.77 $732.00 $0.00 $470.24 $84,370.01
90 $84,370.01 $732.00 $0.00 $477.04 $85,579.05
91 $85,579.05 $732.00 $0.00 $483.88 $86,794.93
92 $86,794.93 $732.00 $0.00 $490.75 $88,017.68
93 $88,017.68 $732.00 $0.00 $497.66 $89,247.34
94 $89,247.34 $732.00 $0.00 $504.62 $90,483.96
95 $90,483.96 $732.00 $0.00 $511.61 $91,727.57
96 $91,727.57 $732.00 $0.00 $518.64 $92,978.21
97 $92,978.21 $732.00 $0.00 $525.71 $94,235.92
98 $94,235.92 $732.00 $0.00 $532.82 $95,500.74
99 $95,500.74 $732.00 $0.00 $539.98 $96,772.72
100 $96,772.72 $732.00 $0.00 $547.17 $98,051.89
101 $98,051.89 $732.00 $0.00 $554.40 $99,338.29
102 $99,338.29 $732.00 $0.00 $561.67 $100,631.96
103 $100,631.96 $732.00 $0.00 $568.99 $101,932.95
104 $101,932.95 $732.00 $0.00 $576.34 $103,241.29
105 $103,241.29 $732.00 $0.00 $583.74 $104,557.03
106 $104,557.03 $732.00 $0.00 $591.18 $105,880.21
107 $105,880.21 $732.00 $0.00 $598.66 $107,210.87
108 $107,210.87 $732.00 $0.00 $606.19 $108,549.06
109 $108,549.06 $732.00 $0.00 $613.75 $109,894.81
110 $109,894.81 $732.00 $0.00 $621.36 $111,248.17
111 $111,248.17 $732.00 $0.00 $629.01 $112,609.18
112 $112,609.18 $732.00 $0.00 $636.71 $113,977.89
113 $113,977.89 $732.00 $0.00 $644.45 $115,354.34
114 $115,354.34 $732.00 $0.00 $652.23 $116,738.57
115 $116,738.57 $732.00 $0.00 $660.06 $118,130.63
116 $118,130.63 $732.00 $0.00 $667.93 $119,530.56
117 $119,530.56 $732.00 $0.00 $675.84 $120,938.40
118 $120,938.40 $732.00 $0.00 $683.80 $122,354.20
119 $122,354.20 $732.00 $0.00 $691.81 $123,778.01
120 $123,778.01 $732.00 $0.00 $699.86 $125,209.87
121 $125,209.87 $732.00 $0.00 $707.95 $126,649.82
122 $126,649.82 $732.00 $0.00 $716.10 $128,097.92
123 $128,097.92 $732.00 $0.00 $724.28 $129,554.20
124 $129,554.20 $732.00 $0.00 $732.52 $131,018.72
125 $131,018.72 $732.00 $0.00 $740.80 $132,491.52
126 $132,491.52 $732.00 $0.00 $749.13 $133,972.65
127 $133,972.65 $732.00 $0.00 $757.50 $135,462.15
128 $135,462.15 $732.00 $0.00 $765.92 $136,960.07
129 $136,960.07 $732.00 $0.00 $774.39 $138,466.46
130 $138,466.46 $732.00 $0.00 $782.91 $139,981.37
131 $139,981.37 $732.00 $0.00 $791.48 $141,504.85
132 $141,504.85 $732.00 $0.00 $800.09 $143,036.94
133 $143,036.94 $732.00 $0.00 $808.75 $144,577.69
134 $144,577.69 $732.00 $0.00 $817.46 $146,127.15
135 $146,127.15 $732.00 $0.00 $826.22 $147,685.37
136 $147,685.37 $732.00 $0.00 $835.03 $149,252.40
137 $149,252.40 $732.00 $0.00 $843.89 $150,828.29
138 $150,828.29 $732.00 $0.00 $852.81 $152,413.10
139 $152,413.10 $732.00 $0.00 $861.77 $154,006.87
140 $154,006.87 $732.00 $0.00 $870.78 $155,609.65
141 $155,609.65 $732.00 $0.00 $879.84 $157,221.49
142 $157,221.49 $732.00 $0.00 $888.95 $158,842.44
143 $158,842.44 $732.00 $0.00 $898.12 $160,472.56
144 $160,472.56 $732.00 $0.00 $907.34 $162,111.90
145 $162,111.90 $732.00 $0.00 $916.60 $163,760.50
146 $163,760.50 $732.00 $0.00 $925.93 $165,418.43
147 $165,418.43 $732.00 $0.00 $935.30 $167,085.73
148 $167,085.73 $732.00 $0.00 $944.73 $168,762.46
149 $168,762.46 $732.00 $0.00 $954.21 $170,448.67
150 $170,448.67 $732.00 $0.00 $963.74 $172,144.41
151 $172,144.41 $732.00 $0.00 $973.33 $173,849.74
152 $173,849.74 $732.00 $0.00 $982.97 $175,564.71
153 $175,564.71 $732.00 $0.00 $992.67 $177,289.38
154 $177,289.38 $732.00 $0.00 $1,002.42 $179,023.80
155 $179,023.80 $732.00 $0.00 $1,012.23 $180,768.03
156 $180,768.03 $732.00 $0.00 $1,022.09 $182,522.12
157 $182,522.12 $732.00 $0.00 $1,032.01 $184,286.13
158 $184,286.13 $732.00 $0.00 $1,041.98 $186,060.11
159 $186,060.11 $732.00 $0.00 $1,052.01 $187,844.12
160 $187,844.12 $732.00 $0.00 $1,062.10 $189,638.22
161 $189,638.22 $732.00 $0.00 $1,072.24 $191,442.46
162 $191,442.46 $732.00 $0.00 $1,082.44 $193,256.90
163 $193,256.90 $732.00 $0.00 $1,092.70 $195,081.60
164 $195,081.60 $732.00 $0.00 $1,103.02 $196,916.62
165 $196,916.62 $732.00 $0.00 $1,113.40 $198,762.02
166 $198,762.02 $732.00 $0.00 $1,123.83 $200,617.85
167 $200,617.85 $732.00 $0.00 $1,134.32 $202,484.17
168 $202,484.17 $732.00 $0.00 $1,144.87 $204,361.04
169 $204,361.04 $732.00 $0.00 $1,155.49 $206,248.53
170 $206,248.53 $732.00 $0.00 $1,166.16 $208,146.69
171 $208,146.69 $732.00 $0.00 $1,176.89 $210,055.58
172 $210,055.58 $732.00 $0.00 $1,187.68 $211,975.26
173 $211,975.26 $732.00 $0.00 $1,198.54 $213,905.80
174 $213,905.80 $732.00 $0.00 $1,209.45 $215,847.25
175 $215,847.25 $732.00 $0.00 $1,220.43 $217,799.68
176 $217,799.68 $732.00 $0.00 $1,231.47 $219,763.15
177 $219,763.15 $732.00 $0.00 $1,242.57 $221,737.72
178 $221,737.72 $732.00 $0.00 $1,253.74 $223,723.46
179 $223,723.46 $732.00 $0.00 $1,264.96 $225,720.42
180 $225,720.42 $732.00 $0.00 $1,276.26 $227,728.68
181 $227,728.68 $732.00 $0.00 $1,287.61 $229,748.29
182 $229,748.29 $732.00 $0.00 $1,299.03 $231,779.32
183 $231,779.32 $732.00 $0.00 $1,310.51 $233,821.83
184 $233,821.83 $732.00 $0.00 $1,322.06 $235,875.89
185 $235,875.89 $732.00 $0.00 $1,333.68 $237,941.57
186 $237,941.57 $732.00 $0.00 $1,345.36 $240,018.93
187 $240,018.93 $732.00 $0.00 $1,357.10 $242,108.03
188 $242,108.03 $732.00 $0.00 $1,368.91 $244,208.94
189 $244,208.94 $732.00 $0.00 $1,380.79 $246,321.73
190 $246,321.73 $732.00 $0.00 $1,392.74 $248,446.47
191 $248,446.47 $732.00 $0.00 $1,404.75 $250,583.22
192 $250,583.22 $732.00 $0.00 $1,416.83 $252,732.05
193 $252,732.05 $732.00 $0.00 $1,428.98 $254,893.03
194 $254,893.03 $732.00 $0.00 $1,441.20 $257,066.23
195 $257,066.23 $732.00 $0.00 $1,453.49 $259,251.72
196 $259,251.72 $732.00 $0.00 $1,465.85 $261,449.57
197 $261,449.57 $732.00 $0.00 $1,478.27 $263,659.84
198 $263,659.84 $732.00 $0.00 $1,490.77 $265,882.61
199 $265,882.61 $732.00 $0.00 $1,503.34 $268,117.95
200 $268,117.95 $732.00 $0.00 $1,515.98 $270,365.93
201 $270,365.93 $732.00 $0.00 $1,528.69 $272,626.62
202 $272,626.62 $732.00 $0.00 $1,541.47 $274,900.09
203 $274,900.09 $732.00 $0.00 $1,554.33 $277,186.42
204 $277,186.42 $732.00 $0.00 $1,567.25 $279,485.67
205 $279,485.67 $732.00 $0.00 $1,580.25 $281,797.92
206 $281,797.92 $732.00 $0.00 $1,593.33 $284,123.25
207 $284,123.25 $732.00 $0.00 $1,606.47 $286,461.72
208 $286,461.72 $732.00 $0.00 $1,619.70 $288,813.42
209 $288,813.42 $732.00 $0.00 $1,632.99 $291,178.41
210 $291,178.41 $732.00 $0.00 $1,646.37 $293,556.78
211 $293,556.78 $732.00 $0.00 $1,659.81 $295,948.59
212 $295,948.59 $732.00 $0.00 $1,673.34 $298,353.93
213 $298,353.93 $732.00 $0.00 $1,686.94 $300,772.87
214 $300,772.87 $732.00 $0.00 $1,700.61 $303,205.48
215 $303,205.48 $732.00 $0.00 $1,714.37 $305,651.85
216 $305,651.85 $732.00 $0.00 $1,728.20 $308,112.05
217 $308,112.05 $732.00 $83,443.77 $1,742.11 $227,142.39
218 $227,142.39 $732.00 $0.00 $1,284.30 $229,158.69
219 $229,158.69 $732.00 $0.00 $1,295.70 $231,186.39
220 $231,186.39 $732.00 $0.00 $1,307.16 $233,225.55
221 $233,225.55 $732.00 $0.00 $1,318.69 $235,276.24
222 $235,276.24 $732.00 $0.00 $1,330.29 $237,338.53
223 $237,338.53 $732.00 $0.00 $1,341.95 $239,412.48
224 $239,412.48 $732.00 $0.00 $1,353.67 $241,498.15
225 $241,498.15 $732.00 $0.00 $1,365.47 $243,595.62
226 $243,595.62 $732.00 $0.00 $1,377.33 $245,704.95
227 $245,704.95 $732.00 $0.00 $1,389.25 $247,826.20
228 $247,826.20 $732.00 $0.00 $1,401.25 $249,959.45
229 $249,959.45 $732.00 $89,284.83 $1,413.31 $162,819.93
230 $162,819.93 $732.00 $0.00 $920.61 $164,472.54
231 $164,472.54 $732.00 $0.00 $929.95 $166,134.49
232 $166,134.49 $732.00 $0.00 $939.35 $167,805.84
233 $167,805.84 $732.00 $0.00 $948.80 $169,486.64
234 $169,486.64 $732.00 $0.00 $958.30 $171,176.94
235 $171,176.94 $732.00 $0.00 $967.86 $172,876.80
236 $172,876.80 $732.00 $0.00 $977.47 $174,586.27
237 $174,586.27 $732.00 $0.00 $987.14 $176,305.41
238 $176,305.41 $732.00 $0.00 $996.86 $178,034.27
239 $178,034.27 $732.00 $0.00 $1,006.63 $179,772.90
240 $179,772.90 $732.00 $0.00 $1,016.46 $181,521.36
241 $181,521.36 $732.00 $95,534.77 $1,026.35 $87,744.94
242 $87,744.94 $732.00 $0.00 $496.12 $88,973.06
243 $88,973.06 $732.00 $0.00 $503.07 $90,208.13
244 $90,208.13 $732.00 $0.00 $510.05 $91,450.18
245 $91,450.18 $732.00 $0.00 $517.07 $92,699.25
246 $92,699.25 $732.00 $0.00 $524.14 $93,955.39
247 $93,955.39 $732.00 $0.00 $531.24 $95,218.63
248 $95,218.63 $732.00 $0.00 $538.38 $96,489.01
249 $96,489.01 $732.00 $0.00 $545.56 $97,766.57
250 $97,766.57 $732.00 $0.00 $552.79 $99,051.36
251 $99,051.36 $732.00 $0.00 $560.05 $100,343.41
252 $100,343.41 $732.00 $0.00 $567.36 $101,642.77
253 $101,642.77 $0.00 $102,222.20 $574.70 -$4.73