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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2035$170,218
Monthly savings required$1,347

How much will it cost to send your child to Franklin and Marshall College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $680,872.54 for students enrolling in 2035 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,347.42 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$65,640.00
Years until enrollment18
Annual Tuition Increase5%
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 $1,347.42 $0.00 $0.00 $1,347.42
2 $1,347.42 $1,347.42 $0.00 $7.62 $2,702.46
3 $2,702.46 $1,347.42 $0.00 $15.28 $4,065.16
4 $4,065.16 $1,347.42 $0.00 $22.99 $5,435.57
5 $5,435.57 $1,347.42 $0.00 $30.73 $6,813.72
6 $6,813.72 $1,347.42 $0.00 $38.53 $8,199.67
7 $8,199.67 $1,347.42 $0.00 $46.36 $9,593.45
8 $9,593.45 $1,347.42 $0.00 $54.24 $10,995.11
9 $10,995.11 $1,347.42 $0.00 $62.17 $12,404.70
10 $12,404.70 $1,347.42 $0.00 $70.14 $13,822.26
11 $13,822.26 $1,347.42 $0.00 $78.15 $15,247.83
12 $15,247.83 $1,347.42 $0.00 $86.21 $16,681.46
13 $16,681.46 $1,347.42 $0.00 $94.32 $18,123.20
14 $18,123.20 $1,347.42 $0.00 $102.47 $19,573.09
15 $19,573.09 $1,347.42 $0.00 $110.67 $21,031.18
16 $21,031.18 $1,347.42 $0.00 $118.91 $22,497.51
17 $22,497.51 $1,347.42 $0.00 $127.20 $23,972.13
18 $23,972.13 $1,347.42 $0.00 $135.54 $25,455.09
19 $25,455.09 $1,347.42 $0.00 $143.93 $26,946.44
20 $26,946.44 $1,347.42 $0.00 $152.36 $28,446.22
21 $28,446.22 $1,347.42 $0.00 $160.84 $29,954.48
22 $29,954.48 $1,347.42 $0.00 $169.37 $31,471.27
23 $31,471.27 $1,347.42 $0.00 $177.94 $32,996.63
24 $32,996.63 $1,347.42 $0.00 $186.57 $34,530.62
25 $34,530.62 $1,347.42 $0.00 $195.24 $36,073.28
26 $36,073.28 $1,347.42 $0.00 $203.96 $37,624.66
27 $37,624.66 $1,347.42 $0.00 $212.74 $39,184.82
28 $39,184.82 $1,347.42 $0.00 $221.56 $40,753.80
29 $40,753.80 $1,347.42 $0.00 $230.43 $42,331.65
30 $42,331.65 $1,347.42 $0.00 $239.35 $43,918.42
31 $43,918.42 $1,347.42 $0.00 $248.32 $45,514.16
32 $45,514.16 $1,347.42 $0.00 $257.34 $47,118.92
33 $47,118.92 $1,347.42 $0.00 $266.42 $48,732.76
34 $48,732.76 $1,347.42 $0.00 $275.54 $50,355.72
35 $50,355.72 $1,347.42 $0.00 $284.72 $51,987.86
36 $51,987.86 $1,347.42 $0.00 $293.95 $53,629.23
37 $53,629.23 $1,347.42 $0.00 $303.23 $55,279.88
38 $55,279.88 $1,347.42 $0.00 $312.56 $56,939.86
39 $56,939.86 $1,347.42 $0.00 $321.95 $58,609.23
40 $58,609.23 $1,347.42 $0.00 $331.39 $60,288.04
41 $60,288.04 $1,347.42 $0.00 $340.88 $61,976.34
42 $61,976.34 $1,347.42 $0.00 $350.42 $63,674.18
43 $63,674.18 $1,347.42 $0.00 $360.02 $65,381.62
44 $65,381.62 $1,347.42 $0.00 $369.68 $67,098.72
45 $67,098.72 $1,347.42 $0.00 $379.39 $68,825.53
46 $68,825.53 $1,347.42 $0.00 $389.15 $70,562.10
47 $70,562.10 $1,347.42 $0.00 $398.97 $72,308.49
48 $72,308.49 $1,347.42 $0.00 $408.84 $74,064.75
49 $74,064.75 $1,347.42 $0.00 $418.77 $75,830.94
50 $75,830.94 $1,347.42 $0.00 $428.76 $77,607.12
51 $77,607.12 $1,347.42 $0.00 $438.80 $79,393.34
52 $79,393.34 $1,347.42 $0.00 $448.90 $81,189.66
53 $81,189.66 $1,347.42 $0.00 $459.06 $82,996.14
54 $82,996.14 $1,347.42 $0.00 $469.27 $84,812.83
55 $84,812.83 $1,347.42 $0.00 $479.54 $86,639.79
56 $86,639.79 $1,347.42 $0.00 $489.87 $88,477.08
57 $88,477.08 $1,347.42 $0.00 $500.26 $90,324.76
58 $90,324.76 $1,347.42 $0.00 $510.71 $92,182.89
59 $92,182.89 $1,347.42 $0.00 $521.22 $94,051.53
60 $94,051.53 $1,347.42 $0.00 $531.78 $95,930.73
61 $95,930.73 $1,347.42 $0.00 $542.41 $97,820.56
62 $97,820.56 $1,347.42 $0.00 $553.09 $99,721.07
63 $99,721.07 $1,347.42 $0.00 $563.84 $101,632.33
64 $101,632.33 $1,347.42 $0.00 $574.64 $103,554.39
65 $103,554.39 $1,347.42 $0.00 $585.51 $105,487.32
66 $105,487.32 $1,347.42 $0.00 $596.44 $107,431.18
67 $107,431.18 $1,347.42 $0.00 $607.43 $109,386.03
68 $109,386.03 $1,347.42 $0.00 $618.48 $111,351.93
69 $111,351.93 $1,347.42 $0.00 $629.60 $113,328.95
70 $113,328.95 $1,347.42 $0.00 $640.78 $115,317.15
71 $115,317.15 $1,347.42 $0.00 $652.02 $117,316.59
72 $117,316.59 $1,347.42 $0.00 $663.33 $119,327.34
73 $119,327.34 $1,347.42 $0.00 $674.69 $121,349.45
74 $121,349.45 $1,347.42 $0.00 $686.13 $123,383.00
75 $123,383.00 $1,347.42 $0.00 $697.63 $125,428.05
76 $125,428.05 $1,347.42 $0.00 $709.19 $127,484.66
77 $127,484.66 $1,347.42 $0.00 $720.82 $129,552.90
78 $129,552.90 $1,347.42 $0.00 $732.51 $131,632.83
79 $131,632.83 $1,347.42 $0.00 $744.27 $133,724.52
80 $133,724.52 $1,347.42 $0.00 $756.10 $135,828.04
81 $135,828.04 $1,347.42 $0.00 $767.99 $137,943.45
82 $137,943.45 $1,347.42 $0.00 $779.95 $140,070.82
83 $140,070.82 $1,347.42 $0.00 $791.98 $142,210.22
84 $142,210.22 $1,347.42 $0.00 $804.08 $144,361.72
85 $144,361.72 $1,347.42 $0.00 $816.24 $146,525.38
86 $146,525.38 $1,347.42 $0.00 $828.48 $148,701.28
87 $148,701.28 $1,347.42 $0.00 $840.78 $150,889.48
88 $150,889.48 $1,347.42 $0.00 $853.15 $153,090.05
89 $153,090.05 $1,347.42 $0.00 $865.59 $155,303.06
90 $155,303.06 $1,347.42 $0.00 $878.11 $157,528.59
91 $157,528.59 $1,347.42 $0.00 $890.69 $159,766.70
92 $159,766.70 $1,347.42 $0.00 $903.34 $162,017.46
93 $162,017.46 $1,347.42 $0.00 $916.07 $164,280.95
94 $164,280.95 $1,347.42 $0.00 $928.87 $166,557.24
95 $166,557.24 $1,347.42 $0.00 $941.74 $168,846.40
96 $168,846.40 $1,347.42 $0.00 $954.68 $171,148.50
97 $171,148.50 $1,347.42 $0.00 $967.70 $173,463.62
98 $173,463.62 $1,347.42 $0.00 $980.79 $175,791.83
99 $175,791.83 $1,347.42 $0.00 $993.95 $178,133.20
100 $178,133.20 $1,347.42 $0.00 $1,007.19 $180,487.81
101 $180,487.81 $1,347.42 $0.00 $1,020.50 $182,855.73
102 $182,855.73 $1,347.42 $0.00 $1,033.89 $185,237.04
103 $185,237.04 $1,347.42 $0.00 $1,047.36 $187,631.82
104 $187,631.82 $1,347.42 $0.00 $1,060.90 $190,040.14
105 $190,040.14 $1,347.42 $0.00 $1,074.51 $192,462.07
106 $192,462.07 $1,347.42 $0.00 $1,088.21 $194,897.70
107 $194,897.70 $1,347.42 $0.00 $1,101.98 $197,347.10
108 $197,347.10 $1,347.42 $0.00 $1,115.83 $199,810.35
109 $199,810.35 $1,347.42 $0.00 $1,129.76 $202,287.53
110 $202,287.53 $1,347.42 $0.00 $1,143.76 $204,778.71
111 $204,778.71 $1,347.42 $0.00 $1,157.85 $207,283.98
112 $207,283.98 $1,347.42 $0.00 $1,172.01 $209,803.41
113 $209,803.41 $1,347.42 $0.00 $1,186.26 $212,337.09
114 $212,337.09 $1,347.42 $0.00 $1,200.58 $214,885.09
115 $214,885.09 $1,347.42 $0.00 $1,214.99 $217,447.50
116 $217,447.50 $1,347.42 $0.00 $1,229.48 $220,024.40
117 $220,024.40 $1,347.42 $0.00 $1,244.05 $222,615.87
118 $222,615.87 $1,347.42 $0.00 $1,258.70 $225,221.99
119 $225,221.99 $1,347.42 $0.00 $1,273.44 $227,842.85
120 $227,842.85 $1,347.42 $0.00 $1,288.26 $230,478.53
121 $230,478.53 $1,347.42 $0.00 $1,303.16 $233,129.11
122 $233,129.11 $1,347.42 $0.00 $1,318.15 $235,794.68
123 $235,794.68 $1,347.42 $0.00 $1,333.22 $238,475.32
124 $238,475.32 $1,347.42 $0.00 $1,348.37 $241,171.11
125 $241,171.11 $1,347.42 $0.00 $1,363.62 $243,882.15
126 $243,882.15 $1,347.42 $0.00 $1,378.95 $246,608.52
127 $246,608.52 $1,347.42 $0.00 $1,394.36 $249,350.30
128 $249,350.30 $1,347.42 $0.00 $1,409.86 $252,107.58
129 $252,107.58 $1,347.42 $0.00 $1,425.45 $254,880.45
130 $254,880.45 $1,347.42 $0.00 $1,441.13 $257,669.00
131 $257,669.00 $1,347.42 $0.00 $1,456.90 $260,473.32
132 $260,473.32 $1,347.42 $0.00 $1,472.75 $263,293.49
133 $263,293.49 $1,347.42 $0.00 $1,488.70 $266,129.61
134 $266,129.61 $1,347.42 $0.00 $1,504.74 $268,981.77
135 $268,981.77 $1,347.42 $0.00 $1,520.86 $271,850.05
136 $271,850.05 $1,347.42 $0.00 $1,537.08 $274,734.55
137 $274,734.55 $1,347.42 $0.00 $1,553.39 $277,635.36
138 $277,635.36 $1,347.42 $0.00 $1,569.79 $280,552.57
139 $280,552.57 $1,347.42 $0.00 $1,586.29 $283,486.28
140 $283,486.28 $1,347.42 $0.00 $1,602.87 $286,436.57
141 $286,436.57 $1,347.42 $0.00 $1,619.55 $289,403.54
142 $289,403.54 $1,347.42 $0.00 $1,636.33 $292,387.29
143 $292,387.29 $1,347.42 $0.00 $1,653.20 $295,387.91
144 $295,387.91 $1,347.42 $0.00 $1,670.17 $298,405.50
145 $298,405.50 $1,347.42 $0.00 $1,687.23 $301,440.15
146 $301,440.15 $1,347.42 $0.00 $1,704.39 $304,491.96
147 $304,491.96 $1,347.42 $0.00 $1,721.64 $307,561.02
148 $307,561.02 $1,347.42 $0.00 $1,738.99 $310,647.43
149 $310,647.43 $1,347.42 $0.00 $1,756.45 $313,751.30
150 $313,751.30 $1,347.42 $0.00 $1,774.00 $316,872.72
151 $316,872.72 $1,347.42 $0.00 $1,791.64 $320,011.78
152 $320,011.78 $1,347.42 $0.00 $1,809.39 $323,168.59
153 $323,168.59 $1,347.42 $0.00 $1,827.24 $326,343.25
154 $326,343.25 $1,347.42 $0.00 $1,845.19 $329,535.86
155 $329,535.86 $1,347.42 $0.00 $1,863.24 $332,746.52
156 $332,746.52 $1,347.42 $0.00 $1,881.40 $335,975.34
157 $335,975.34 $1,347.42 $0.00 $1,899.65 $339,222.41
158 $339,222.41 $1,347.42 $0.00 $1,918.01 $342,487.84
159 $342,487.84 $1,347.42 $0.00 $1,936.48 $345,771.74
160 $345,771.74 $1,347.42 $0.00 $1,955.04 $349,074.20
161 $349,074.20 $1,347.42 $0.00 $1,973.72 $352,395.34
162 $352,395.34 $1,347.42 $0.00 $1,992.49 $355,735.25
163 $355,735.25 $1,347.42 $0.00 $2,011.38 $359,094.05
164 $359,094.05 $1,347.42 $0.00 $2,030.37 $362,471.84
165 $362,471.84 $1,347.42 $0.00 $2,049.47 $365,868.73
166 $365,868.73 $1,347.42 $0.00 $2,068.67 $369,284.82
167 $369,284.82 $1,347.42 $0.00 $2,087.99 $372,720.23
168 $372,720.23 $1,347.42 $0.00 $2,107.41 $376,175.06
169 $376,175.06 $1,347.42 $0.00 $2,126.95 $379,649.43
170 $379,649.43 $1,347.42 $0.00 $2,146.59 $383,143.44
171 $383,143.44 $1,347.42 $0.00 $2,166.35 $386,657.21
172 $386,657.21 $1,347.42 $0.00 $2,186.22 $390,190.85
173 $390,190.85 $1,347.42 $0.00 $2,206.20 $393,744.47
174 $393,744.47 $1,347.42 $0.00 $2,226.29 $397,318.18
175 $397,318.18 $1,347.42 $0.00 $2,246.49 $400,912.09
176 $400,912.09 $1,347.42 $0.00 $2,266.82 $404,526.33
177 $404,526.33 $1,347.42 $0.00 $2,287.25 $408,161.00
178 $408,161.00 $1,347.42 $0.00 $2,307.80 $411,816.22
179 $411,816.22 $1,347.42 $0.00 $2,328.47 $415,492.11
180 $415,492.11 $1,347.42 $0.00 $2,349.25 $419,188.78
181 $419,188.78 $1,347.42 $0.00 $2,370.15 $422,906.35
182 $422,906.35 $1,347.42 $0.00 $2,391.17 $426,644.94
183 $426,644.94 $1,347.42 $0.00 $2,412.31 $430,404.67
184 $430,404.67 $1,347.42 $0.00 $2,433.57 $434,185.66
185 $434,185.66 $1,347.42 $0.00 $2,454.95 $437,988.03
186 $437,988.03 $1,347.42 $0.00 $2,476.45 $441,811.90
187 $441,811.90 $1,347.42 $0.00 $2,498.07 $445,657.39
188 $445,657.39 $1,347.42 $0.00 $2,519.81 $449,524.62
189 $449,524.62 $1,347.42 $0.00 $2,541.68 $453,413.72
190 $453,413.72 $1,347.42 $0.00 $2,563.67 $457,324.81
191 $457,324.81 $1,347.42 $0.00 $2,585.78 $461,258.01
192 $461,258.01 $1,347.42 $0.00 $2,608.02 $465,213.45
193 $465,213.45 $1,347.42 $0.00 $2,630.38 $469,191.25
194 $469,191.25 $1,347.42 $0.00 $2,652.88 $473,191.55
195 $473,191.55 $1,347.42 $0.00 $2,675.49 $477,214.46
196 $477,214.46 $1,347.42 $0.00 $2,698.24 $481,260.12
197 $481,260.12 $1,347.42 $0.00 $2,721.11 $485,328.65
198 $485,328.65 $1,347.42 $0.00 $2,744.12 $489,420.19
199 $489,420.19 $1,347.42 $0.00 $2,767.25 $493,534.86
200 $493,534.86 $1,347.42 $0.00 $2,790.52 $497,672.80
201 $497,672.80 $1,347.42 $0.00 $2,813.91 $501,834.13
202 $501,834.13 $1,347.42 $0.00 $2,837.44 $506,018.99
203 $506,018.99 $1,347.42 $0.00 $2,861.10 $510,227.51
204 $510,227.51 $1,347.42 $0.00 $2,884.90 $514,459.83
205 $514,459.83 $1,347.42 $0.00 $2,908.83 $518,716.08
206 $518,716.08 $1,347.42 $0.00 $2,932.90 $522,996.40
207 $522,996.40 $1,347.42 $0.00 $2,957.10 $527,300.92
208 $527,300.92 $1,347.42 $0.00 $2,981.44 $531,629.78
209 $531,629.78 $1,347.42 $0.00 $3,005.91 $535,983.11
210 $535,983.11 $1,347.42 $0.00 $3,030.53 $540,361.06
211 $540,361.06 $1,347.42 $0.00 $3,055.28 $544,763.76
212 $544,763.76 $1,347.42 $0.00 $3,080.17 $549,191.35
213 $549,191.35 $1,347.42 $0.00 $3,105.21 $553,643.98
214 $553,643.98 $1,347.42 $0.00 $3,130.38 $558,121.78
215 $558,121.78 $1,347.42 $0.00 $3,155.70 $562,624.90
216 $562,624.90 $1,347.42 $0.00 $3,181.16 $567,153.48
217 $567,153.48 $1,347.42 $157,970.49 $3,206.77 $413,737.18
218 $413,737.18 $1,347.42 $0.00 $2,339.33 $417,423.93
219 $417,423.93 $1,347.42 $0.00 $2,360.18 $421,131.53
220 $421,131.53 $1,347.42 $0.00 $2,381.14 $424,860.09
221 $424,860.09 $1,347.42 $0.00 $2,402.22 $428,609.73
222 $428,609.73 $1,347.42 $0.00 $2,423.42 $432,380.57
223 $432,380.57 $1,347.42 $0.00 $2,444.74 $436,172.73
224 $436,172.73 $1,347.42 $0.00 $2,466.18 $439,986.33
225 $439,986.33 $1,347.42 $0.00 $2,487.75 $443,821.50
226 $443,821.50 $1,347.42 $0.00 $2,509.43 $447,678.35
227 $447,678.35 $1,347.42 $0.00 $2,531.24 $451,557.01
228 $451,557.01 $1,347.42 $0.00 $2,553.17 $455,457.60
229 $455,457.60 $1,347.42 $165,869.01 $2,575.22 $293,511.23
230 $293,511.23 $1,347.42 $0.00 $1,659.56 $296,518.21
231 $296,518.21 $1,347.42 $0.00 $1,676.56 $299,542.19
232 $299,542.19 $1,347.42 $0.00 $1,693.66 $302,583.27
233 $302,583.27 $1,347.42 $0.00 $1,710.85 $305,641.54
234 $305,641.54 $1,347.42 $0.00 $1,728.14 $308,717.10
235 $308,717.10 $1,347.42 $0.00 $1,745.53 $311,810.05
236 $311,810.05 $1,347.42 $0.00 $1,763.02 $314,920.49
237 $314,920.49 $1,347.42 $0.00 $1,780.61 $318,048.52
238 $318,048.52 $1,347.42 $0.00 $1,798.29 $321,194.23
239 $321,194.23 $1,347.42 $0.00 $1,816.08 $324,357.73
240 $324,357.73 $1,347.42 $0.00 $1,833.97 $327,539.12
241 $327,539.12 $1,347.42 $174,162.46 $1,851.95 $156,576.03
242 $156,576.03 $1,347.42 $0.00 $885.30 $158,808.75
243 $158,808.75 $1,347.42 $0.00 $897.93 $161,054.10
244 $161,054.10 $1,347.42 $0.00 $910.62 $163,312.14
245 $163,312.14 $1,347.42 $0.00 $923.39 $165,582.95
246 $165,582.95 $1,347.42 $0.00 $936.23 $167,866.60
247 $167,866.60 $1,347.42 $0.00 $949.14 $170,163.16
248 $170,163.16 $1,347.42 $0.00 $962.13 $172,472.71
249 $172,472.71 $1,347.42 $0.00 $975.19 $174,795.32
250 $174,795.32 $1,347.42 $0.00 $988.32 $177,131.06
251 $177,131.06 $1,347.42 $0.00 $1,001.52 $179,480.00
252 $179,480.00 $1,347.42 $0.00 $1,014.81 $181,842.23
253 $181,842.23 $0.00 $182,870.58 $1,028.16 ($0.19)

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