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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2035$166,925
Monthly savings required$1,321

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 $667,699.05 for students enrolling in 2035 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,321.35 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$64,370.00
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 $1,321.35 $0.00 $0.00 $1,321.35
2 $1,321.35 $1,321.35 $0.00 $7.47 $2,650.17
3 $2,650.17 $1,321.35 $0.00 $14.98 $3,986.50
4 $3,986.50 $1,321.35 $0.00 $22.54 $5,330.39
5 $5,330.39 $1,321.35 $0.00 $30.14 $6,681.88
6 $6,681.88 $1,321.35 $0.00 $37.78 $8,041.01
7 $8,041.01 $1,321.35 $0.00 $45.47 $9,407.83
8 $9,407.83 $1,321.35 $0.00 $53.19 $10,782.37
9 $10,782.37 $1,321.35 $0.00 $60.97 $12,164.69
10 $12,164.69 $1,321.35 $0.00 $68.78 $13,554.82
11 $13,554.82 $1,321.35 $0.00 $76.64 $14,952.81
12 $14,952.81 $1,321.35 $0.00 $84.55 $16,358.71
13 $16,358.71 $1,321.35 $0.00 $92.49 $17,772.55
14 $17,772.55 $1,321.35 $0.00 $100.49 $19,194.39
15 $19,194.39 $1,321.35 $0.00 $108.53 $20,624.27
16 $20,624.27 $1,321.35 $0.00 $116.61 $22,062.23
17 $22,062.23 $1,321.35 $0.00 $124.74 $23,508.32
18 $23,508.32 $1,321.35 $0.00 $132.92 $24,962.59
19 $24,962.59 $1,321.35 $0.00 $141.14 $26,425.08
20 $26,425.08 $1,321.35 $0.00 $149.41 $27,895.84
21 $27,895.84 $1,321.35 $0.00 $157.73 $29,374.92
22 $29,374.92 $1,321.35 $0.00 $166.09 $30,862.36
23 $30,862.36 $1,321.35 $0.00 $174.50 $32,358.21
24 $32,358.21 $1,321.35 $0.00 $182.96 $33,862.52
25 $33,862.52 $1,321.35 $0.00 $191.46 $35,375.33
26 $35,375.33 $1,321.35 $0.00 $200.02 $36,896.70
27 $36,896.70 $1,321.35 $0.00 $208.62 $38,426.67
28 $38,426.67 $1,321.35 $0.00 $217.27 $39,965.29
29 $39,965.29 $1,321.35 $0.00 $225.97 $41,512.61
30 $41,512.61 $1,321.35 $0.00 $234.72 $43,068.68
31 $43,068.68 $1,321.35 $0.00 $243.52 $44,633.55
32 $44,633.55 $1,321.35 $0.00 $252.36 $46,207.26
33 $46,207.26 $1,321.35 $0.00 $261.26 $47,789.87
34 $47,789.87 $1,321.35 $0.00 $270.21 $49,381.43
35 $49,381.43 $1,321.35 $0.00 $279.21 $50,981.99
36 $50,981.99 $1,321.35 $0.00 $288.26 $52,591.60
37 $52,591.60 $1,321.35 $0.00 $297.36 $54,210.31
38 $54,210.31 $1,321.35 $0.00 $306.51 $55,838.17
39 $55,838.17 $1,321.35 $0.00 $315.72 $57,475.24
40 $57,475.24 $1,321.35 $0.00 $324.97 $59,121.56
41 $59,121.56 $1,321.35 $0.00 $334.28 $60,777.19
42 $60,777.19 $1,321.35 $0.00 $343.64 $62,442.18
43 $62,442.18 $1,321.35 $0.00 $353.06 $64,116.59
44 $64,116.59 $1,321.35 $0.00 $362.52 $65,800.46
45 $65,800.46 $1,321.35 $0.00 $372.05 $67,493.86
46 $67,493.86 $1,321.35 $0.00 $381.62 $69,196.83
47 $69,196.83 $1,321.35 $0.00 $391.25 $70,909.43
48 $70,909.43 $1,321.35 $0.00 $400.93 $72,631.71
49 $72,631.71 $1,321.35 $0.00 $410.67 $74,363.73
50 $74,363.73 $1,321.35 $0.00 $420.46 $76,105.54
51 $76,105.54 $1,321.35 $0.00 $430.31 $77,857.20
52 $77,857.20 $1,321.35 $0.00 $440.22 $79,618.77
53 $79,618.77 $1,321.35 $0.00 $450.18 $81,390.30
54 $81,390.30 $1,321.35 $0.00 $460.19 $83,171.84
55 $83,171.84 $1,321.35 $0.00 $470.27 $84,963.46
56 $84,963.46 $1,321.35 $0.00 $480.40 $86,765.21
57 $86,765.21 $1,321.35 $0.00 $490.58 $88,577.14
58 $88,577.14 $1,321.35 $0.00 $500.83 $90,399.32
59 $90,399.32 $1,321.35 $0.00 $511.13 $92,231.80
60 $92,231.80 $1,321.35 $0.00 $521.49 $94,074.64
61 $94,074.64 $1,321.35 $0.00 $531.91 $95,927.90
62 $95,927.90 $1,321.35 $0.00 $542.39 $97,791.64
63 $97,791.64 $1,321.35 $0.00 $552.93 $99,665.92
64 $99,665.92 $1,321.35 $0.00 $563.53 $101,550.80
65 $101,550.80 $1,321.35 $0.00 $574.18 $103,446.33
66 $103,446.33 $1,321.35 $0.00 $584.90 $105,352.58
67 $105,352.58 $1,321.35 $0.00 $595.68 $107,269.61
68 $107,269.61 $1,321.35 $0.00 $606.52 $109,197.48
69 $109,197.48 $1,321.35 $0.00 $617.42 $111,136.25
70 $111,136.25 $1,321.35 $0.00 $628.38 $113,085.98
71 $113,085.98 $1,321.35 $0.00 $639.40 $115,046.73
72 $115,046.73 $1,321.35 $0.00 $650.49 $117,018.57
73 $117,018.57 $1,321.35 $0.00 $661.64 $119,001.56
74 $119,001.56 $1,321.35 $0.00 $672.85 $120,995.76
75 $120,995.76 $1,321.35 $0.00 $684.13 $123,001.24
76 $123,001.24 $1,321.35 $0.00 $695.47 $125,018.06
77 $125,018.06 $1,321.35 $0.00 $706.87 $127,046.28
78 $127,046.28 $1,321.35 $0.00 $718.34 $129,085.97
79 $129,085.97 $1,321.35 $0.00 $729.87 $131,137.19
80 $131,137.19 $1,321.35 $0.00 $741.47 $133,200.01
81 $133,200.01 $1,321.35 $0.00 $753.13 $135,274.49
82 $135,274.49 $1,321.35 $0.00 $764.86 $137,360.70
83 $137,360.70 $1,321.35 $0.00 $776.66 $139,458.71
84 $139,458.71 $1,321.35 $0.00 $788.52 $141,568.58
85 $141,568.58 $1,321.35 $0.00 $800.45 $143,690.38
86 $143,690.38 $1,321.35 $0.00 $812.45 $145,824.18
87 $145,824.18 $1,321.35 $0.00 $824.51 $147,970.04
88 $147,970.04 $1,321.35 $0.00 $836.64 $150,128.03
89 $150,128.03 $1,321.35 $0.00 $848.85 $152,298.23
90 $152,298.23 $1,321.35 $0.00 $861.12 $154,480.70
91 $154,480.70 $1,321.35 $0.00 $873.46 $156,675.51
92 $156,675.51 $1,321.35 $0.00 $885.87 $158,882.73
93 $158,882.73 $1,321.35 $0.00 $898.35 $161,102.43
94 $161,102.43 $1,321.35 $0.00 $910.90 $163,334.68
95 $163,334.68 $1,321.35 $0.00 $923.52 $165,579.55
96 $165,579.55 $1,321.35 $0.00 $936.21 $167,837.11
97 $167,837.11 $1,321.35 $0.00 $948.98 $170,107.44
98 $170,107.44 $1,321.35 $0.00 $961.81 $172,390.60
99 $172,390.60 $1,321.35 $0.00 $974.72 $174,686.67
100 $174,686.67 $1,321.35 $0.00 $987.70 $176,995.72
101 $176,995.72 $1,321.35 $0.00 $1,000.76 $179,317.83
102 $179,317.83 $1,321.35 $0.00 $1,013.89 $181,653.07
103 $181,653.07 $1,321.35 $0.00 $1,027.09 $184,001.51
104 $184,001.51 $1,321.35 $0.00 $1,040.37 $186,363.23
105 $186,363.23 $1,321.35 $0.00 $1,053.72 $188,738.30
106 $188,738.30 $1,321.35 $0.00 $1,067.15 $191,126.80
107 $191,126.80 $1,321.35 $0.00 $1,080.66 $193,528.81
108 $193,528.81 $1,321.35 $0.00 $1,094.24 $195,944.40
109 $195,944.40 $1,321.35 $0.00 $1,107.90 $198,373.65
110 $198,373.65 $1,321.35 $0.00 $1,121.63 $200,816.63
111 $200,816.63 $1,321.35 $0.00 $1,135.45 $203,273.43
112 $203,273.43 $1,321.35 $0.00 $1,149.34 $205,744.12
113 $205,744.12 $1,321.35 $0.00 $1,163.31 $208,228.78
114 $208,228.78 $1,321.35 $0.00 $1,177.36 $210,727.49
115 $210,727.49 $1,321.35 $0.00 $1,191.48 $213,240.32
116 $213,240.32 $1,321.35 $0.00 $1,205.69 $215,767.36
117 $215,767.36 $1,321.35 $0.00 $1,219.98 $218,308.69
118 $218,308.69 $1,321.35 $0.00 $1,234.35 $220,864.39
119 $220,864.39 $1,321.35 $0.00 $1,248.80 $223,434.54
120 $223,434.54 $1,321.35 $0.00 $1,263.33 $226,019.22
121 $226,019.22 $1,321.35 $0.00 $1,277.95 $228,618.52
122 $228,618.52 $1,321.35 $0.00 $1,292.64 $231,232.51
123 $231,232.51 $1,321.35 $0.00 $1,307.42 $233,861.28
124 $233,861.28 $1,321.35 $0.00 $1,322.29 $236,504.92
125 $236,504.92 $1,321.35 $0.00 $1,337.23 $239,163.50
126 $239,163.50 $1,321.35 $0.00 $1,352.27 $241,837.12
127 $241,837.12 $1,321.35 $0.00 $1,367.38 $244,525.85
128 $244,525.85 $1,321.35 $0.00 $1,382.58 $247,229.78
129 $247,229.78 $1,321.35 $0.00 $1,397.87 $249,949.00
130 $249,949.00 $1,321.35 $0.00 $1,413.25 $252,683.60
131 $252,683.60 $1,321.35 $0.00 $1,428.71 $255,433.66
132 $255,433.66 $1,321.35 $0.00 $1,444.26 $258,199.27
133 $258,199.27 $1,321.35 $0.00 $1,459.90 $260,980.52
134 $260,980.52 $1,321.35 $0.00 $1,475.62 $263,777.49
135 $263,777.49 $1,321.35 $0.00 $1,491.44 $266,590.28
136 $266,590.28 $1,321.35 $0.00 $1,507.34 $269,418.97
137 $269,418.97 $1,321.35 $0.00 $1,523.33 $272,263.65
138 $272,263.65 $1,321.35 $0.00 $1,539.42 $275,124.42
139 $275,124.42 $1,321.35 $0.00 $1,555.59 $278,001.36
140 $278,001.36 $1,321.35 $0.00 $1,571.86 $280,894.57
141 $280,894.57 $1,321.35 $0.00 $1,588.22 $283,804.14
142 $283,804.14 $1,321.35 $0.00 $1,604.67 $286,730.16
143 $286,730.16 $1,321.35 $0.00 $1,621.21 $289,672.72
144 $289,672.72 $1,321.35 $0.00 $1,637.85 $292,631.92
145 $292,631.92 $1,321.35 $0.00 $1,654.58 $295,607.85
146 $295,607.85 $1,321.35 $0.00 $1,671.41 $298,600.61
147 $298,600.61 $1,321.35 $0.00 $1,688.33 $301,610.29
148 $301,610.29 $1,321.35 $0.00 $1,705.35 $304,636.99
149 $304,636.99 $1,321.35 $0.00 $1,722.46 $307,680.80
150 $307,680.80 $1,321.35 $0.00 $1,739.67 $310,741.82
151 $310,741.82 $1,321.35 $0.00 $1,756.98 $313,820.15
152 $313,820.15 $1,321.35 $0.00 $1,774.38 $316,915.88
153 $316,915.88 $1,321.35 $0.00 $1,791.89 $320,029.12
154 $320,029.12 $1,321.35 $0.00 $1,809.49 $323,159.96
155 $323,159.96 $1,321.35 $0.00 $1,827.19 $326,308.50
156 $326,308.50 $1,321.35 $0.00 $1,845.00 $329,474.85
157 $329,474.85 $1,321.35 $0.00 $1,862.90 $332,659.10
158 $332,659.10 $1,321.35 $0.00 $1,880.90 $335,861.35
159 $335,861.35 $1,321.35 $0.00 $1,899.01 $339,081.71
160 $339,081.71 $1,321.35 $0.00 $1,917.22 $342,320.28
161 $342,320.28 $1,321.35 $0.00 $1,935.53 $345,577.16
162 $345,577.16 $1,321.35 $0.00 $1,953.94 $348,852.45
163 $348,852.45 $1,321.35 $0.00 $1,972.46 $352,146.26
164 $352,146.26 $1,321.35 $0.00 $1,991.09 $355,458.70
165 $355,458.70 $1,321.35 $0.00 $2,009.82 $358,789.87
166 $358,789.87 $1,321.35 $0.00 $2,028.65 $362,139.87
167 $362,139.87 $1,321.35 $0.00 $2,047.59 $365,508.81
168 $365,508.81 $1,321.35 $0.00 $2,066.64 $368,896.80
169 $368,896.80 $1,321.35 $0.00 $2,085.80 $372,303.95
170 $372,303.95 $1,321.35 $0.00 $2,105.06 $375,730.36
171 $375,730.36 $1,321.35 $0.00 $2,124.43 $379,176.14
172 $379,176.14 $1,321.35 $0.00 $2,143.92 $382,641.41
173 $382,641.41 $1,321.35 $0.00 $2,163.51 $386,126.27
174 $386,126.27 $1,321.35 $0.00 $2,183.21 $389,630.83
175 $389,630.83 $1,321.35 $0.00 $2,203.03 $393,155.21
176 $393,155.21 $1,321.35 $0.00 $2,222.96 $396,699.52
177 $396,699.52 $1,321.35 $0.00 $2,243.00 $400,263.87
178 $400,263.87 $1,321.35 $0.00 $2,263.15 $403,848.37
179 $403,848.37 $1,321.35 $0.00 $2,283.42 $407,453.14
180 $407,453.14 $1,321.35 $0.00 $2,303.80 $411,078.29
181 $411,078.29 $1,321.35 $0.00 $2,324.30 $414,723.94
182 $414,723.94 $1,321.35 $0.00 $2,344.91 $418,390.20
183 $418,390.20 $1,321.35 $0.00 $2,365.64 $422,077.19
184 $422,077.19 $1,321.35 $0.00 $2,386.49 $425,785.03
185 $425,785.03 $1,321.35 $0.00 $2,407.45 $429,513.83
186 $429,513.83 $1,321.35 $0.00 $2,428.53 $433,263.71
187 $433,263.71 $1,321.35 $0.00 $2,449.74 $437,034.80
188 $437,034.80 $1,321.35 $0.00 $2,471.06 $440,827.21
189 $440,827.21 $1,321.35 $0.00 $2,492.50 $444,641.06
190 $444,641.06 $1,321.35 $0.00 $2,514.07 $448,476.48
191 $448,476.48 $1,321.35 $0.00 $2,535.75 $452,333.58
192 $452,333.58 $1,321.35 $0.00 $2,557.56 $456,212.49
193 $456,212.49 $1,321.35 $0.00 $2,579.49 $460,113.33
194 $460,113.33 $1,321.35 $0.00 $2,601.55 $464,036.23
195 $464,036.23 $1,321.35 $0.00 $2,623.73 $467,981.31
196 $467,981.31 $1,321.35 $0.00 $2,646.03 $471,948.69
197 $471,948.69 $1,321.35 $0.00 $2,668.47 $475,938.51
198 $475,938.51 $1,321.35 $0.00 $2,691.03 $479,950.89
199 $479,950.89 $1,321.35 $0.00 $2,713.71 $483,985.95
200 $483,985.95 $1,321.35 $0.00 $2,736.53 $488,043.83
201 $488,043.83 $1,321.35 $0.00 $2,759.47 $492,124.65
202 $492,124.65 $1,321.35 $0.00 $2,782.54 $496,228.54
203 $496,228.54 $1,321.35 $0.00 $2,805.75 $500,355.64
204 $500,355.64 $1,321.35 $0.00 $2,829.08 $504,506.07
205 $504,506.07 $1,321.35 $0.00 $2,852.55 $508,679.97
206 $508,679.97 $1,321.35 $0.00 $2,876.15 $512,877.47
207 $512,877.47 $1,321.35 $0.00 $2,899.88 $517,098.70
208 $517,098.70 $1,321.35 $0.00 $2,923.75 $521,343.80
209 $521,343.80 $1,321.35 $0.00 $2,947.75 $525,612.90
210 $525,612.90 $1,321.35 $0.00 $2,971.89 $529,906.14
211 $529,906.14 $1,321.35 $0.00 $2,996.17 $534,223.66
212 $534,223.66 $1,321.35 $0.00 $3,020.58 $538,565.59
213 $538,565.59 $1,321.35 $0.00 $3,045.13 $542,932.07
214 $542,932.07 $1,321.35 $0.00 $3,069.82 $547,323.24
215 $547,323.24 $1,321.35 $0.00 $3,094.65 $551,739.24
216 $551,739.24 $1,321.35 $0.00 $3,119.61 $556,180.20
217 $556,180.20 $1,321.35 $154,914.08 $3,144.72 $405,732.19
218 $405,732.19 $1,321.35 $0.00 $2,294.07 $409,347.61
219 $409,347.61 $1,321.35 $0.00 $2,314.51 $412,983.47
220 $412,983.47 $1,321.35 $0.00 $2,335.07 $416,639.89
221 $416,639.89 $1,321.35 $0.00 $2,355.74 $420,316.98
222 $420,316.98 $1,321.35 $0.00 $2,376.53 $424,014.86
223 $424,014.86 $1,321.35 $0.00 $2,397.44 $427,733.65
224 $427,733.65 $1,321.35 $0.00 $2,418.47 $431,473.47
225 $431,473.47 $1,321.35 $0.00 $2,439.61 $435,234.43
226 $435,234.43 $1,321.35 $0.00 $2,460.88 $439,016.66
227 $439,016.66 $1,321.35 $0.00 $2,482.26 $442,820.27
228 $442,820.27 $1,321.35 $0.00 $2,503.77 $446,645.39
229 $446,645.39 $1,321.35 $162,659.78 $2,525.40 $287,832.36
230 $287,832.36 $1,321.35 $0.00 $1,627.45 $290,781.16
231 $290,781.16 $1,321.35 $0.00 $1,644.12 $293,746.63
232 $293,746.63 $1,321.35 $0.00 $1,660.89 $296,728.87
233 $296,728.87 $1,321.35 $0.00 $1,677.75 $299,727.97
234 $299,727.97 $1,321.35 $0.00 $1,694.71 $302,744.03
235 $302,744.03 $1,321.35 $0.00 $1,711.76 $305,777.14
236 $305,777.14 $1,321.35 $0.00 $1,728.91 $308,827.40
237 $308,827.40 $1,321.35 $0.00 $1,746.16 $311,894.91
238 $311,894.91 $1,321.35 $0.00 $1,763.50 $314,979.76
239 $314,979.76 $1,321.35 $0.00 $1,780.94 $318,082.05
240 $318,082.05 $1,321.35 $0.00 $1,798.48 $321,201.88
241 $321,201.88 $1,321.35 $170,792.77 $1,816.12 $153,546.58
242 $153,546.58 $1,321.35 $0.00 $868.17 $155,736.10
243 $155,736.10 $1,321.35 $0.00 $880.55 $157,938.00
244 $157,938.00 $1,321.35 $0.00 $893.00 $160,152.35
245 $160,152.35 $1,321.35 $0.00 $905.52 $162,379.22
246 $162,379.22 $1,321.35 $0.00 $918.12 $164,618.69
247 $164,618.69 $1,321.35 $0.00 $930.78 $166,870.82
248 $166,870.82 $1,321.35 $0.00 $943.51 $169,135.68
249 $169,135.68 $1,321.35 $0.00 $956.32 $171,413.35
250 $171,413.35 $1,321.35 $0.00 $969.20 $173,703.90
251 $173,703.90 $1,321.35 $0.00 $982.15 $176,007.40
252 $176,007.40 $1,321.35 $0.00 $995.17 $178,323.92
253 $178,323.92 $0.00 $179,332.41 $1,008.27 ($0.22)

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