## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2037 \$115,009 Monthly savings required \$910

How much will it cost to send your child to Franklin College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at \$460,035.00 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$910.39 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 \$44,350.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 4

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Franklin College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$910.39 \$0.00 \$0.00 \$910.39
2 \$910.39 \$910.39 \$0.00 \$5.15 \$1,825.93
3 \$1,825.93 \$910.39 \$0.00 \$10.32 \$2,746.64
4 \$2,746.64 \$910.39 \$0.00 \$15.53 \$3,672.56
5 \$3,672.56 \$910.39 \$0.00 \$20.77 \$4,603.72
6 \$4,603.72 \$910.39 \$0.00 \$26.03 \$5,540.14
7 \$5,540.14 \$910.39 \$0.00 \$31.32 \$6,481.85
8 \$6,481.85 \$910.39 \$0.00 \$36.65 \$7,428.89
9 \$7,428.89 \$910.39 \$0.00 \$42.00 \$8,381.28
10 \$8,381.28 \$910.39 \$0.00 \$47.39 \$9,339.06
11 \$9,339.06 \$910.39 \$0.00 \$52.80 \$10,302.25
12 \$10,302.25 \$910.39 \$0.00 \$58.25 \$11,270.89
13 \$11,270.89 \$910.39 \$0.00 \$63.73 \$12,245.01
14 \$12,245.01 \$910.39 \$0.00 \$69.24 \$13,224.64
15 \$13,224.64 \$910.39 \$0.00 \$74.77 \$14,209.80
16 \$14,209.80 \$910.39 \$0.00 \$80.34 \$15,200.53
17 \$15,200.53 \$910.39 \$0.00 \$85.95 \$16,196.87
18 \$16,196.87 \$910.39 \$0.00 \$91.58 \$17,198.84
19 \$17,198.84 \$910.39 \$0.00 \$97.24 \$18,206.47
20 \$18,206.47 \$910.39 \$0.00 \$102.94 \$19,219.80
21 \$19,219.80 \$910.39 \$0.00 \$108.67 \$20,238.86
22 \$20,238.86 \$910.39 \$0.00 \$114.43 \$21,263.68
23 \$21,263.68 \$910.39 \$0.00 \$120.23 \$22,294.30
24 \$22,294.30 \$910.39 \$0.00 \$126.06 \$23,330.75
25 \$23,330.75 \$910.39 \$0.00 \$131.92 \$24,373.06
26 \$24,373.06 \$910.39 \$0.00 \$137.81 \$25,421.26
27 \$25,421.26 \$910.39 \$0.00 \$143.74 \$26,475.39
28 \$26,475.39 \$910.39 \$0.00 \$149.70 \$27,535.48
29 \$27,535.48 \$910.39 \$0.00 \$155.69 \$28,601.56
30 \$28,601.56 \$910.39 \$0.00 \$161.72 \$29,673.67
31 \$29,673.67 \$910.39 \$0.00 \$167.78 \$30,751.84
32 \$30,751.84 \$910.39 \$0.00 \$173.88 \$31,836.11
33 \$31,836.11 \$910.39 \$0.00 \$180.01 \$32,926.51
34 \$32,926.51 \$910.39 \$0.00 \$186.17 \$34,023.07
35 \$34,023.07 \$910.39 \$0.00 \$192.37 \$35,125.83
36 \$35,125.83 \$910.39 \$0.00 \$198.61 \$36,234.83
37 \$36,234.83 \$910.39 \$0.00 \$204.88 \$37,350.10
38 \$37,350.10 \$910.39 \$0.00 \$211.18 \$38,471.67
39 \$38,471.67 \$910.39 \$0.00 \$217.52 \$39,599.58
40 \$39,599.58 \$910.39 \$0.00 \$223.90 \$40,733.87
41 \$40,733.87 \$910.39 \$0.00 \$230.32 \$41,874.58
42 \$41,874.58 \$910.39 \$0.00 \$236.76 \$43,021.73
43 \$43,021.73 \$910.39 \$0.00 \$243.25 \$44,175.37
44 \$44,175.37 \$910.39 \$0.00 \$249.77 \$45,335.53
45 \$45,335.53 \$910.39 \$0.00 \$256.33 \$46,502.25
46 \$46,502.25 \$910.39 \$0.00 \$262.93 \$47,675.57
47 \$47,675.57 \$910.39 \$0.00 \$269.56 \$48,855.52
48 \$48,855.52 \$910.39 \$0.00 \$276.24 \$50,042.15
49 \$50,042.15 \$910.39 \$0.00 \$282.95 \$51,235.49
50 \$51,235.49 \$910.39 \$0.00 \$289.69 \$52,435.57
51 \$52,435.57 \$910.39 \$0.00 \$296.48 \$53,642.44
52 \$53,642.44 \$910.39 \$0.00 \$303.30 \$54,856.13
53 \$54,856.13 \$910.39 \$0.00 \$310.16 \$56,076.68
54 \$56,076.68 \$910.39 \$0.00 \$317.07 \$57,304.14
55 \$57,304.14 \$910.39 \$0.00 \$324.01 \$58,538.54
56 \$58,538.54 \$910.39 \$0.00 \$330.99 \$59,779.92
57 \$59,779.92 \$910.39 \$0.00 \$338.00 \$61,028.31
58 \$61,028.31 \$910.39 \$0.00 \$345.06 \$62,283.76
59 \$62,283.76 \$910.39 \$0.00 \$352.16 \$63,546.31
60 \$63,546.31 \$910.39 \$0.00 \$359.30 \$64,816.00
61 \$64,816.00 \$910.39 \$0.00 \$366.48 \$66,092.87
62 \$66,092.87 \$910.39 \$0.00 \$373.70 \$67,376.96
63 \$67,376.96 \$910.39 \$0.00 \$380.96 \$68,668.31
64 \$68,668.31 \$910.39 \$0.00 \$388.26 \$69,966.96
65 \$69,966.96 \$910.39 \$0.00 \$395.60 \$71,272.95
66 \$71,272.95 \$910.39 \$0.00 \$402.99 \$72,586.33
67 \$72,586.33 \$910.39 \$0.00 \$410.41 \$73,907.13
68 \$73,907.13 \$910.39 \$0.00 \$417.88 \$75,235.40
69 \$75,235.40 \$910.39 \$0.00 \$425.39 \$76,571.18
70 \$76,571.18 \$910.39 \$0.00 \$432.94 \$77,914.51
71 \$77,914.51 \$910.39 \$0.00 \$440.54 \$79,265.44
72 \$79,265.44 \$910.39 \$0.00 \$448.18 \$80,624.01
73 \$80,624.01 \$910.39 \$0.00 \$455.86 \$81,990.26
74 \$81,990.26 \$910.39 \$0.00 \$463.58 \$83,364.23
75 \$83,364.23 \$910.39 \$0.00 \$471.35 \$84,745.97
76 \$84,745.97 \$910.39 \$0.00 \$479.17 \$86,135.53
77 \$86,135.53 \$910.39 \$0.00 \$487.02 \$87,532.94
78 \$87,532.94 \$910.39 \$0.00 \$494.92 \$88,938.25
79 \$88,938.25 \$910.39 \$0.00 \$502.87 \$90,351.51
80 \$90,351.51 \$910.39 \$0.00 \$510.86 \$91,772.76
81 \$91,772.76 \$910.39 \$0.00 \$518.90 \$93,202.05
82 \$93,202.05 \$910.39 \$0.00 \$526.98 \$94,639.42
83 \$94,639.42 \$910.39 \$0.00 \$535.11 \$96,084.92
84 \$96,084.92 \$910.39 \$0.00 \$543.28 \$97,538.59
85 \$97,538.59 \$910.39 \$0.00 \$551.50 \$99,000.48
86 \$99,000.48 \$910.39 \$0.00 \$559.76 \$100,470.63
87 \$100,470.63 \$910.39 \$0.00 \$568.08 \$101,949.10
88 \$101,949.10 \$910.39 \$0.00 \$576.44 \$103,435.93
89 \$103,435.93 \$910.39 \$0.00 \$584.84 \$104,931.16
90 \$104,931.16 \$910.39 \$0.00 \$593.30 \$106,434.85
91 \$106,434.85 \$910.39 \$0.00 \$601.80 \$107,947.04
92 \$107,947.04 \$910.39 \$0.00 \$610.35 \$109,467.78
93 \$109,467.78 \$910.39 \$0.00 \$618.95 \$110,997.12
94 \$110,997.12 \$910.39 \$0.00 \$627.59 \$112,535.10
95 \$112,535.10 \$910.39 \$0.00 \$636.29 \$114,081.78
96 \$114,081.78 \$910.39 \$0.00 \$645.03 \$115,637.20
97 \$115,637.20 \$910.39 \$0.00 \$653.83 \$117,201.42
98 \$117,201.42 \$910.39 \$0.00 \$662.67 \$118,774.48
99 \$118,774.48 \$910.39 \$0.00 \$671.57 \$120,356.44
100 \$120,356.44 \$910.39 \$0.00 \$680.51 \$121,947.34
101 \$121,947.34 \$910.39 \$0.00 \$689.51 \$123,547.24
102 \$123,547.24 \$910.39 \$0.00 \$698.55 \$125,156.18
103 \$125,156.18 \$910.39 \$0.00 \$707.65 \$126,774.22
104 \$126,774.22 \$910.39 \$0.00 \$716.80 \$128,401.41
105 \$128,401.41 \$910.39 \$0.00 \$726.00 \$130,037.80
106 \$130,037.80 \$910.39 \$0.00 \$735.25 \$131,683.44
107 \$131,683.44 \$910.39 \$0.00 \$744.56 \$133,338.39
108 \$133,338.39 \$910.39 \$0.00 \$753.91 \$135,002.69
109 \$135,002.69 \$910.39 \$0.00 \$763.32 \$136,676.40
110 \$136,676.40 \$910.39 \$0.00 \$772.79 \$138,359.58
111 \$138,359.58 \$910.39 \$0.00 \$782.31 \$140,052.28
112 \$140,052.28 \$910.39 \$0.00 \$791.88 \$141,754.55
113 \$141,754.55 \$910.39 \$0.00 \$801.50 \$143,466.44
114 \$143,466.44 \$910.39 \$0.00 \$811.18 \$145,188.01
115 \$145,188.01 \$910.39 \$0.00 \$820.91 \$146,919.31
116 \$146,919.31 \$910.39 \$0.00 \$830.70 \$148,660.40
117 \$148,660.40 \$910.39 \$0.00 \$840.55 \$150,411.34
118 \$150,411.34 \$910.39 \$0.00 \$850.45 \$152,172.18
119 \$152,172.18 \$910.39 \$0.00 \$860.40 \$153,942.97
120 \$153,942.97 \$910.39 \$0.00 \$870.42 \$155,723.78
121 \$155,723.78 \$910.39 \$0.00 \$880.48 \$157,514.65
122 \$157,514.65 \$910.39 \$0.00 \$890.61 \$159,315.65
123 \$159,315.65 \$910.39 \$0.00 \$900.79 \$161,126.83
124 \$161,126.83 \$910.39 \$0.00 \$911.03 \$162,948.25
125 \$162,948.25 \$910.39 \$0.00 \$921.33 \$164,779.97
126 \$164,779.97 \$910.39 \$0.00 \$931.69 \$166,622.05
127 \$166,622.05 \$910.39 \$0.00 \$942.11 \$168,474.55
128 \$168,474.55 \$910.39 \$0.00 \$952.58 \$170,337.52
129 \$170,337.52 \$910.39 \$0.00 \$963.11 \$172,211.02
130 \$172,211.02 \$910.39 \$0.00 \$973.71 \$174,095.12
131 \$174,095.12 \$910.39 \$0.00 \$984.36 \$175,989.87
132 \$175,989.87 \$910.39 \$0.00 \$995.07 \$177,895.33
133 \$177,895.33 \$910.39 \$0.00 \$1,005.85 \$179,811.57
134 \$179,811.57 \$910.39 \$0.00 \$1,016.68 \$181,738.64
135 \$181,738.64 \$910.39 \$0.00 \$1,027.58 \$183,676.61
136 \$183,676.61 \$910.39 \$0.00 \$1,038.53 \$185,625.53
137 \$185,625.53 \$910.39 \$0.00 \$1,049.55 \$187,585.47
138 \$187,585.47 \$910.39 \$0.00 \$1,060.64 \$189,556.50
139 \$189,556.50 \$910.39 \$0.00 \$1,071.78 \$191,538.67
140 \$191,538.67 \$910.39 \$0.00 \$1,082.99 \$193,532.05
141 \$193,532.05 \$910.39 \$0.00 \$1,094.26 \$195,536.70
142 \$195,536.70 \$910.39 \$0.00 \$1,105.59 \$197,552.68
143 \$197,552.68 \$910.39 \$0.00 \$1,116.99 \$199,580.06
144 \$199,580.06 \$910.39 \$0.00 \$1,128.45 \$201,618.90
145 \$201,618.90 \$910.39 \$0.00 \$1,139.98 \$203,669.27
146 \$203,669.27 \$910.39 \$0.00 \$1,151.58 \$205,731.24
147 \$205,731.24 \$910.39 \$0.00 \$1,163.23 \$207,804.86
148 \$207,804.86 \$910.39 \$0.00 \$1,174.96 \$209,890.21
149 \$209,890.21 \$910.39 \$0.00 \$1,186.75 \$211,987.35
150 \$211,987.35 \$910.39 \$0.00 \$1,198.61 \$214,096.35
151 \$214,096.35 \$910.39 \$0.00 \$1,210.53 \$216,217.27
152 \$216,217.27 \$910.39 \$0.00 \$1,222.52 \$218,350.18
153 \$218,350.18 \$910.39 \$0.00 \$1,234.58 \$220,495.15
154 \$220,495.15 \$910.39 \$0.00 \$1,246.71 \$222,652.25
155 \$222,652.25 \$910.39 \$0.00 \$1,258.91 \$224,821.55
156 \$224,821.55 \$910.39 \$0.00 \$1,271.17 \$227,003.11
157 \$227,003.11 \$910.39 \$0.00 \$1,283.51 \$229,197.01
158 \$229,197.01 \$910.39 \$0.00 \$1,295.91 \$231,403.31
159 \$231,403.31 \$910.39 \$0.00 \$1,308.39 \$233,622.09
160 \$233,622.09 \$910.39 \$0.00 \$1,320.93 \$235,853.41
161 \$235,853.41 \$910.39 \$0.00 \$1,333.55 \$238,097.35
162 \$238,097.35 \$910.39 \$0.00 \$1,346.24 \$240,353.98
163 \$240,353.98 \$910.39 \$0.00 \$1,359.00 \$242,623.37
164 \$242,623.37 \$910.39 \$0.00 \$1,371.83 \$244,905.59
165 \$244,905.59 \$910.39 \$0.00 \$1,384.73 \$247,200.71
166 \$247,200.71 \$910.39 \$0.00 \$1,397.71 \$249,508.81
167 \$249,508.81 \$910.39 \$0.00 \$1,410.76 \$251,829.96
168 \$251,829.96 \$910.39 \$0.00 \$1,423.88 \$254,164.23
169 \$254,164.23 \$910.39 \$0.00 \$1,437.08 \$256,511.70
170 \$256,511.70 \$910.39 \$0.00 \$1,450.35 \$258,872.44
171 \$258,872.44 \$910.39 \$0.00 \$1,463.70 \$261,246.53
172 \$261,246.53 \$910.39 \$0.00 \$1,477.13 \$263,634.05
173 \$263,634.05 \$910.39 \$0.00 \$1,490.63 \$266,035.07
174 \$266,035.07 \$910.39 \$0.00 \$1,504.20 \$268,449.66
175 \$268,449.66 \$910.39 \$0.00 \$1,517.85 \$270,877.90
176 \$270,877.90 \$910.39 \$0.00 \$1,531.58 \$273,319.87
177 \$273,319.87 \$910.39 \$0.00 \$1,545.39 \$275,775.65
178 \$275,775.65 \$910.39 \$0.00 \$1,559.28 \$278,245.32
179 \$278,245.32 \$910.39 \$0.00 \$1,573.24 \$280,728.95
180 \$280,728.95 \$910.39 \$0.00 \$1,587.28 \$283,226.62
181 \$283,226.62 \$910.39 \$0.00 \$1,601.40 \$285,738.41
182 \$285,738.41 \$910.39 \$0.00 \$1,615.61 \$288,264.41
183 \$288,264.41 \$910.39 \$0.00 \$1,629.89 \$290,804.69
184 \$290,804.69 \$910.39 \$0.00 \$1,644.25 \$293,359.33
185 \$293,359.33 \$910.39 \$0.00 \$1,658.70 \$295,928.42
186 \$295,928.42 \$910.39 \$0.00 \$1,673.22 \$298,512.03
187 \$298,512.03 \$910.39 \$0.00 \$1,687.83 \$301,110.25
188 \$301,110.25 \$910.39 \$0.00 \$1,702.52 \$303,723.16
189 \$303,723.16 \$910.39 \$0.00 \$1,717.29 \$306,350.84
190 \$306,350.84 \$910.39 \$0.00 \$1,732.15 \$308,993.38
191 \$308,993.38 \$910.39 \$0.00 \$1,747.09 \$311,650.86
192 \$311,650.86 \$910.39 \$0.00 \$1,762.12 \$314,323.37
193 \$314,323.37 \$910.39 \$0.00 \$1,777.23 \$317,010.99
194 \$317,010.99 \$910.39 \$0.00 \$1,792.43 \$319,713.81
195 \$319,713.81 \$910.39 \$0.00 \$1,807.71 \$322,431.91
196 \$322,431.91 \$910.39 \$0.00 \$1,823.08 \$325,165.38
197 \$325,165.38 \$910.39 \$0.00 \$1,838.53 \$327,914.30
198 \$327,914.30 \$910.39 \$0.00 \$1,854.08 \$330,678.77
199 \$330,678.77 \$910.39 \$0.00 \$1,869.71 \$333,458.87
200 \$333,458.87 \$910.39 \$0.00 \$1,885.42 \$336,254.68
201 \$336,254.68 \$910.39 \$0.00 \$1,901.23 \$339,066.30
202 \$339,066.30 \$910.39 \$0.00 \$1,917.13 \$341,893.82
203 \$341,893.82 \$910.39 \$0.00 \$1,933.12 \$344,737.33
204 \$344,737.33 \$910.39 \$0.00 \$1,949.19 \$347,596.91
205 \$347,596.91 \$910.39 \$0.00 \$1,965.36 \$350,472.66
206 \$350,472.66 \$910.39 \$0.00 \$1,981.62 \$353,364.67
207 \$353,364.67 \$910.39 \$0.00 \$1,997.98 \$356,273.04
208 \$356,273.04 \$910.39 \$0.00 \$2,014.42 \$359,197.85
209 \$359,197.85 \$910.39 \$0.00 \$2,030.96 \$362,139.20
210 \$362,139.20 \$910.39 \$0.00 \$2,047.59 \$365,097.18
211 \$365,097.18 \$910.39 \$0.00 \$2,064.31 \$368,071.88
212 \$368,071.88 \$910.39 \$0.00 \$2,081.13 \$371,063.40
213 \$371,063.40 \$910.39 \$0.00 \$2,098.05 \$374,071.84
214 \$374,071.84 \$910.39 \$0.00 \$2,115.06 \$377,097.29
215 \$377,097.29 \$910.39 \$0.00 \$2,132.16 \$380,139.84
216 \$380,139.84 \$910.39 \$0.00 \$2,149.37 \$383,199.60
217 \$383,199.60 \$910.39 \$106,733.56 \$2,166.67 \$279,543.10
218 \$279,543.10 \$910.39 \$0.00 \$1,580.58 \$282,034.07
219 \$282,034.07 \$910.39 \$0.00 \$1,594.66 \$284,539.12
220 \$284,539.12 \$910.39 \$0.00 \$1,608.83 \$287,058.34
221 \$287,058.34 \$910.39 \$0.00 \$1,623.07 \$289,591.80
222 \$289,591.80 \$910.39 \$0.00 \$1,637.39 \$292,139.58
223 \$292,139.58 \$910.39 \$0.00 \$1,651.80 \$294,701.77
224 \$294,701.77 \$910.39 \$0.00 \$1,666.29 \$297,278.45
225 \$297,278.45 \$910.39 \$0.00 \$1,680.86 \$299,869.70
226 \$299,869.70 \$910.39 \$0.00 \$1,695.51 \$302,475.60
227 \$302,475.60 \$910.39 \$0.00 \$1,710.24 \$305,096.23
228 \$305,096.23 \$910.39 \$0.00 \$1,725.06 \$307,731.68
229 \$307,731.68 \$910.39 \$112,070.24 \$1,739.96 \$198,311.79
230 \$198,311.79 \$910.39 \$0.00 \$1,121.28 \$200,343.46
231 \$200,343.46 \$910.39 \$0.00 \$1,132.77 \$202,386.62
232 \$202,386.62 \$910.39 \$0.00 \$1,144.32 \$204,441.33
233 \$204,441.33 \$910.39 \$0.00 \$1,155.94 \$206,507.66
234 \$206,507.66 \$910.39 \$0.00 \$1,167.62 \$208,585.67
235 \$208,585.67 \$910.39 \$0.00 \$1,179.37 \$210,675.43
236 \$210,675.43 \$910.39 \$0.00 \$1,191.19 \$212,777.01
237 \$212,777.01 \$910.39 \$0.00 \$1,203.07 \$214,890.47
238 \$214,890.47 \$910.39 \$0.00 \$1,215.02 \$217,015.88
239 \$217,015.88 \$910.39 \$0.00 \$1,227.04 \$219,153.31
240 \$219,153.31 \$910.39 \$0.00 \$1,239.12 \$221,302.82
241 \$221,302.82 \$910.39 \$117,673.75 \$1,251.28 \$105,790.74
242 \$105,790.74 \$910.39 \$0.00 \$598.16 \$107,299.29
243 \$107,299.29 \$910.39 \$0.00 \$606.69 \$108,816.37
244 \$108,816.37 \$910.39 \$0.00 \$615.26 \$110,342.02
245 \$110,342.02 \$910.39 \$0.00 \$623.89 \$111,876.30
246 \$111,876.30 \$910.39 \$0.00 \$632.56 \$113,419.25
247 \$113,419.25 \$910.39 \$0.00 \$641.29 \$114,970.93
248 \$114,970.93 \$910.39 \$0.00 \$650.06 \$116,531.38
249 \$116,531.38 \$910.39 \$0.00 \$658.89 \$118,100.66
250 \$118,100.66 \$910.39 \$0.00 \$667.76 \$119,678.81
251 \$119,678.81 \$910.39 \$0.00 \$676.68 \$121,265.88
252 \$121,265.88 \$910.39 \$0.00 \$685.65 \$122,861.92
253 \$122,861.92 \$0.00 \$123,557.44 \$694.68 (\$0.84)