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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2036$182,640
Monthly savings required$1,446

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 $730,558.40 for students enrolling in 2036 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,445.74 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$70,430.00
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 $1,445.74 $0.00 $0.00 $1,445.74
2 $1,445.74 $1,445.74 $0.00 $8.17 $2,899.65
3 $2,899.65 $1,445.74 $0.00 $16.40 $4,361.79
4 $4,361.79 $1,445.74 $0.00 $24.66 $5,832.19
5 $5,832.19 $1,445.74 $0.00 $32.98 $7,310.91
6 $7,310.91 $1,445.74 $0.00 $41.34 $8,797.99
7 $8,797.99 $1,445.74 $0.00 $49.75 $10,293.48
8 $10,293.48 $1,445.74 $0.00 $58.20 $11,797.42
9 $11,797.42 $1,445.74 $0.00 $66.70 $13,309.86
10 $13,309.86 $1,445.74 $0.00 $75.26 $14,830.86
11 $14,830.86 $1,445.74 $0.00 $83.86 $16,360.46
12 $16,360.46 $1,445.74 $0.00 $92.50 $17,898.70
13 $17,898.70 $1,445.74 $0.00 $101.20 $19,445.64
14 $19,445.64 $1,445.74 $0.00 $109.95 $21,001.33
15 $21,001.33 $1,445.74 $0.00 $118.74 $22,565.81
16 $22,565.81 $1,445.74 $0.00 $127.59 $24,139.14
17 $24,139.14 $1,445.74 $0.00 $136.49 $25,721.37
18 $25,721.37 $1,445.74 $0.00 $145.43 $27,312.54
19 $27,312.54 $1,445.74 $0.00 $154.43 $28,912.71
20 $28,912.71 $1,445.74 $0.00 $163.48 $30,521.93
21 $30,521.93 $1,445.74 $0.00 $172.58 $32,140.25
22 $32,140.25 $1,445.74 $0.00 $181.73 $33,767.72
23 $33,767.72 $1,445.74 $0.00 $190.93 $35,404.39
24 $35,404.39 $1,445.74 $0.00 $200.18 $37,050.31
25 $37,050.31 $1,445.74 $0.00 $209.49 $38,705.54
26 $38,705.54 $1,445.74 $0.00 $218.85 $40,370.13
27 $40,370.13 $1,445.74 $0.00 $228.26 $42,044.13
28 $42,044.13 $1,445.74 $0.00 $237.72 $43,727.59
29 $43,727.59 $1,445.74 $0.00 $247.24 $45,420.57
30 $45,420.57 $1,445.74 $0.00 $256.81 $47,123.12
31 $47,123.12 $1,445.74 $0.00 $266.44 $48,835.30
32 $48,835.30 $1,445.74 $0.00 $276.12 $50,557.16
33 $50,557.16 $1,445.74 $0.00 $285.86 $52,288.76
34 $52,288.76 $1,445.74 $0.00 $295.65 $54,030.15
35 $54,030.15 $1,445.74 $0.00 $305.49 $55,781.38
36 $55,781.38 $1,445.74 $0.00 $315.40 $57,542.52
37 $57,542.52 $1,445.74 $0.00 $325.35 $59,313.61
38 $59,313.61 $1,445.74 $0.00 $335.37 $61,094.72
39 $61,094.72 $1,445.74 $0.00 $345.44 $62,885.90
40 $62,885.90 $1,445.74 $0.00 $355.57 $64,687.21
41 $64,687.21 $1,445.74 $0.00 $365.75 $66,498.70
42 $66,498.70 $1,445.74 $0.00 $375.99 $68,320.43
43 $68,320.43 $1,445.74 $0.00 $386.29 $70,152.46
44 $70,152.46 $1,445.74 $0.00 $396.65 $71,994.85
45 $71,994.85 $1,445.74 $0.00 $407.07 $73,847.66
46 $73,847.66 $1,445.74 $0.00 $417.55 $75,710.95
47 $75,710.95 $1,445.74 $0.00 $428.08 $77,584.77
48 $77,584.77 $1,445.74 $0.00 $438.68 $79,469.19
49 $79,469.19 $1,445.74 $0.00 $449.33 $81,364.26
50 $81,364.26 $1,445.74 $0.00 $460.05 $83,270.05
51 $83,270.05 $1,445.74 $0.00 $470.82 $85,186.61
52 $85,186.61 $1,445.74 $0.00 $481.66 $87,114.01
53 $87,114.01 $1,445.74 $0.00 $492.56 $89,052.31
54 $89,052.31 $1,445.74 $0.00 $503.51 $91,001.56
55 $91,001.56 $1,445.74 $0.00 $514.54 $92,961.84
56 $92,961.84 $1,445.74 $0.00 $525.62 $94,933.20
57 $94,933.20 $1,445.74 $0.00 $536.77 $96,915.71
58 $96,915.71 $1,445.74 $0.00 $547.98 $98,909.43
59 $98,909.43 $1,445.74 $0.00 $559.25 $100,914.42
60 $100,914.42 $1,445.74 $0.00 $570.58 $102,930.74
61 $102,930.74 $1,445.74 $0.00 $581.99 $104,958.47
62 $104,958.47 $1,445.74 $0.00 $593.45 $106,997.66
63 $106,997.66 $1,445.74 $0.00 $604.98 $109,048.38
64 $109,048.38 $1,445.74 $0.00 $616.58 $111,110.70
65 $111,110.70 $1,445.74 $0.00 $628.24 $113,184.68
66 $113,184.68 $1,445.74 $0.00 $639.96 $115,270.38
67 $115,270.38 $1,445.74 $0.00 $651.76 $117,367.88
68 $117,367.88 $1,445.74 $0.00 $663.62 $119,477.24
69 $119,477.24 $1,445.74 $0.00 $675.54 $121,598.52
70 $121,598.52 $1,445.74 $0.00 $687.54 $123,731.80
71 $123,731.80 $1,445.74 $0.00 $699.60 $125,877.14
72 $125,877.14 $1,445.74 $0.00 $711.73 $128,034.61
73 $128,034.61 $1,445.74 $0.00 $723.93 $130,204.28
74 $130,204.28 $1,445.74 $0.00 $736.19 $132,386.21
75 $132,386.21 $1,445.74 $0.00 $748.53 $134,580.48
76 $134,580.48 $1,445.74 $0.00 $760.94 $136,787.16
77 $136,787.16 $1,445.74 $0.00 $773.41 $139,006.31
78 $139,006.31 $1,445.74 $0.00 $785.96 $141,238.01
79 $141,238.01 $1,445.74 $0.00 $798.58 $143,482.33
80 $143,482.33 $1,445.74 $0.00 $811.27 $145,739.34
81 $145,739.34 $1,445.74 $0.00 $824.03 $148,009.11
82 $148,009.11 $1,445.74 $0.00 $836.87 $150,291.72
83 $150,291.72 $1,445.74 $0.00 $849.77 $152,587.23
84 $152,587.23 $1,445.74 $0.00 $862.75 $154,895.72
85 $154,895.72 $1,445.74 $0.00 $875.80 $157,217.26
86 $157,217.26 $1,445.74 $0.00 $888.93 $159,551.93
87 $159,551.93 $1,445.74 $0.00 $902.13 $161,899.80
88 $161,899.80 $1,445.74 $0.00 $915.41 $164,260.95
89 $164,260.95 $1,445.74 $0.00 $928.76 $166,635.45
90 $166,635.45 $1,445.74 $0.00 $942.18 $169,023.37
91 $169,023.37 $1,445.74 $0.00 $955.68 $171,424.79
92 $171,424.79 $1,445.74 $0.00 $969.26 $173,839.79
93 $173,839.79 $1,445.74 $0.00 $982.92 $176,268.45
94 $176,268.45 $1,445.74 $0.00 $996.65 $178,710.84
95 $178,710.84 $1,445.74 $0.00 $1,010.46 $181,167.04
96 $181,167.04 $1,445.74 $0.00 $1,024.34 $183,637.12
97 $183,637.12 $1,445.74 $0.00 $1,038.31 $186,121.17
98 $186,121.17 $1,445.74 $0.00 $1,052.36 $188,619.27
99 $188,619.27 $1,445.74 $0.00 $1,066.48 $191,131.49
100 $191,131.49 $1,445.74 $0.00 $1,080.69 $193,657.92
101 $193,657.92 $1,445.74 $0.00 $1,094.97 $196,198.63
102 $196,198.63 $1,445.74 $0.00 $1,109.34 $198,753.71
103 $198,753.71 $1,445.74 $0.00 $1,123.78 $201,323.23
104 $201,323.23 $1,445.74 $0.00 $1,138.31 $203,907.28
105 $203,907.28 $1,445.74 $0.00 $1,152.92 $206,505.94
106 $206,505.94 $1,445.74 $0.00 $1,167.61 $209,119.29
107 $209,119.29 $1,445.74 $0.00 $1,182.39 $211,747.42
108 $211,747.42 $1,445.74 $0.00 $1,197.25 $214,390.41
109 $214,390.41 $1,445.74 $0.00 $1,212.19 $217,048.34
110 $217,048.34 $1,445.74 $0.00 $1,227.22 $219,721.30
111 $219,721.30 $1,445.74 $0.00 $1,242.34 $222,409.38
112 $222,409.38 $1,445.74 $0.00 $1,257.53 $225,112.65
113 $225,112.65 $1,445.74 $0.00 $1,272.82 $227,831.21
114 $227,831.21 $1,445.74 $0.00 $1,288.19 $230,565.14
115 $230,565.14 $1,445.74 $0.00 $1,303.65 $233,314.53
116 $233,314.53 $1,445.74 $0.00 $1,319.19 $236,079.46
117 $236,079.46 $1,445.74 $0.00 $1,334.83 $238,860.03
118 $238,860.03 $1,445.74 $0.00 $1,350.55 $241,656.32
119 $241,656.32 $1,445.74 $0.00 $1,366.36 $244,468.42
120 $244,468.42 $1,445.74 $0.00 $1,382.26 $247,296.42
121 $247,296.42 $1,445.74 $0.00 $1,398.25 $250,140.41
122 $250,140.41 $1,445.74 $0.00 $1,414.33 $253,000.48
123 $253,000.48 $1,445.74 $0.00 $1,430.50 $255,876.72
124 $255,876.72 $1,445.74 $0.00 $1,446.76 $258,769.22
125 $258,769.22 $1,445.74 $0.00 $1,463.12 $261,678.08
126 $261,678.08 $1,445.74 $0.00 $1,479.57 $264,603.39
127 $264,603.39 $1,445.74 $0.00 $1,496.11 $267,545.24
128 $267,545.24 $1,445.74 $0.00 $1,512.74 $270,503.72
129 $270,503.72 $1,445.74 $0.00 $1,529.47 $273,478.93
130 $273,478.93 $1,445.74 $0.00 $1,546.29 $276,470.96
131 $276,470.96 $1,445.74 $0.00 $1,563.21 $279,479.91
132 $279,479.91 $1,445.74 $0.00 $1,580.22 $282,505.87
133 $282,505.87 $1,445.74 $0.00 $1,597.33 $285,548.94
134 $285,548.94 $1,445.74 $0.00 $1,614.54 $288,609.22
135 $288,609.22 $1,445.74 $0.00 $1,631.84 $291,686.80
136 $291,686.80 $1,445.74 $0.00 $1,649.24 $294,781.78
137 $294,781.78 $1,445.74 $0.00 $1,666.74 $297,894.26
138 $297,894.26 $1,445.74 $0.00 $1,684.34 $301,024.34
139 $301,024.34 $1,445.74 $0.00 $1,702.04 $304,172.12
140 $304,172.12 $1,445.74 $0.00 $1,719.83 $307,337.69
141 $307,337.69 $1,445.74 $0.00 $1,737.73 $310,521.16
142 $310,521.16 $1,445.74 $0.00 $1,755.73 $313,722.63
143 $313,722.63 $1,445.74 $0.00 $1,773.83 $316,942.20
144 $316,942.20 $1,445.74 $0.00 $1,792.04 $320,179.98
145 $320,179.98 $1,445.74 $0.00 $1,810.34 $323,436.06
146 $323,436.06 $1,445.74 $0.00 $1,828.75 $326,710.55
147 $326,710.55 $1,445.74 $0.00 $1,847.27 $330,003.56
148 $330,003.56 $1,445.74 $0.00 $1,865.89 $333,315.19
149 $333,315.19 $1,445.74 $0.00 $1,884.61 $336,645.54
150 $336,645.54 $1,445.74 $0.00 $1,903.44 $339,994.72
151 $339,994.72 $1,445.74 $0.00 $1,922.38 $343,362.84
152 $343,362.84 $1,445.74 $0.00 $1,941.42 $346,750.00
153 $346,750.00 $1,445.74 $0.00 $1,960.57 $350,156.31
154 $350,156.31 $1,445.74 $0.00 $1,979.83 $353,581.88
155 $353,581.88 $1,445.74 $0.00 $1,999.20 $357,026.82
156 $357,026.82 $1,445.74 $0.00 $2,018.68 $360,491.24
157 $360,491.24 $1,445.74 $0.00 $2,038.27 $363,975.25
158 $363,975.25 $1,445.74 $0.00 $2,057.97 $367,478.96
159 $367,478.96 $1,445.74 $0.00 $2,077.78 $371,002.48
160 $371,002.48 $1,445.74 $0.00 $2,097.70 $374,545.92
161 $374,545.92 $1,445.74 $0.00 $2,117.74 $378,109.40
162 $378,109.40 $1,445.74 $0.00 $2,137.89 $381,693.03
163 $381,693.03 $1,445.74 $0.00 $2,158.15 $385,296.92
164 $385,296.92 $1,445.74 $0.00 $2,178.52 $388,921.18
165 $388,921.18 $1,445.74 $0.00 $2,199.02 $392,565.94
166 $392,565.94 $1,445.74 $0.00 $2,219.62 $396,231.30
167 $396,231.30 $1,445.74 $0.00 $2,240.35 $399,917.39
168 $399,917.39 $1,445.74 $0.00 $2,261.19 $403,624.32
169 $403,624.32 $1,445.74 $0.00 $2,282.15 $407,352.21
170 $407,352.21 $1,445.74 $0.00 $2,303.23 $411,101.18
171 $411,101.18 $1,445.74 $0.00 $2,324.43 $414,871.35
172 $414,871.35 $1,445.74 $0.00 $2,345.74 $418,662.83
173 $418,662.83 $1,445.74 $0.00 $2,367.18 $422,475.75
174 $422,475.75 $1,445.74 $0.00 $2,388.74 $426,310.23
175 $426,310.23 $1,445.74 $0.00 $2,410.42 $430,166.39
176 $430,166.39 $1,445.74 $0.00 $2,432.22 $434,044.35
177 $434,044.35 $1,445.74 $0.00 $2,454.15 $437,944.24
178 $437,944.24 $1,445.74 $0.00 $2,476.20 $441,866.18
179 $441,866.18 $1,445.74 $0.00 $2,498.38 $445,810.30
180 $445,810.30 $1,445.74 $0.00 $2,520.68 $449,776.72
181 $449,776.72 $1,445.74 $0.00 $2,543.10 $453,765.56
182 $453,765.56 $1,445.74 $0.00 $2,565.66 $457,776.96
183 $457,776.96 $1,445.74 $0.00 $2,588.34 $461,811.04
184 $461,811.04 $1,445.74 $0.00 $2,611.15 $465,867.93
185 $465,867.93 $1,445.74 $0.00 $2,634.09 $469,947.76
186 $469,947.76 $1,445.74 $0.00 $2,657.15 $474,050.65
187 $474,050.65 $1,445.74 $0.00 $2,680.35 $478,176.74
188 $478,176.74 $1,445.74 $0.00 $2,703.68 $482,326.16
189 $482,326.16 $1,445.74 $0.00 $2,727.14 $486,499.04
190 $486,499.04 $1,445.74 $0.00 $2,750.74 $490,695.52
191 $490,695.52 $1,445.74 $0.00 $2,774.46 $494,915.72
192 $494,915.72 $1,445.74 $0.00 $2,798.33 $499,159.79
193 $499,159.79 $1,445.74 $0.00 $2,822.32 $503,427.85
194 $503,427.85 $1,445.74 $0.00 $2,846.45 $507,720.04
195 $507,720.04 $1,445.74 $0.00 $2,870.72 $512,036.50
196 $512,036.50 $1,445.74 $0.00 $2,895.13 $516,377.37
197 $516,377.37 $1,445.74 $0.00 $2,919.67 $520,742.78
198 $520,742.78 $1,445.74 $0.00 $2,944.36 $525,132.88
199 $525,132.88 $1,445.74 $0.00 $2,969.18 $529,547.80
200 $529,547.80 $1,445.74 $0.00 $2,994.14 $533,987.68
201 $533,987.68 $1,445.74 $0.00 $3,019.24 $538,452.66
202 $538,452.66 $1,445.74 $0.00 $3,044.49 $542,942.89
203 $542,942.89 $1,445.74 $0.00 $3,069.88 $547,458.51
204 $547,458.51 $1,445.74 $0.00 $3,095.41 $551,999.66
205 $551,999.66 $1,445.74 $0.00 $3,121.09 $556,566.49
206 $556,566.49 $1,445.74 $0.00 $3,146.91 $561,159.14
207 $561,159.14 $1,445.74 $0.00 $3,172.88 $565,777.76
208 $565,777.76 $1,445.74 $0.00 $3,198.99 $570,422.49
209 $570,422.49 $1,445.74 $0.00 $3,225.25 $575,093.48
210 $575,093.48 $1,445.74 $0.00 $3,251.66 $579,790.88
211 $579,790.88 $1,445.74 $0.00 $3,278.22 $584,514.84
212 $584,514.84 $1,445.74 $0.00 $3,304.93 $589,265.51
213 $589,265.51 $1,445.74 $0.00 $3,331.79 $594,043.04
214 $594,043.04 $1,445.74 $0.00 $3,358.81 $598,847.59
215 $598,847.59 $1,445.74 $0.00 $3,385.97 $603,679.30
216 $603,679.30 $1,445.74 $0.00 $3,413.29 $608,538.33
217 $608,538.33 $1,445.74 $169,498.19 $3,440.76 $443,926.64
218 $443,926.64 $1,445.74 $0.00 $2,510.03 $447,882.41
219 $447,882.41 $1,445.74 $0.00 $2,532.39 $451,860.54
220 $451,860.54 $1,445.74 $0.00 $2,554.89 $455,861.17
221 $455,861.17 $1,445.74 $0.00 $2,577.51 $459,884.42
222 $459,884.42 $1,445.74 $0.00 $2,600.25 $463,930.41
223 $463,930.41 $1,445.74 $0.00 $2,623.13 $467,999.28
224 $467,999.28 $1,445.74 $0.00 $2,646.14 $472,091.16
225 $472,091.16 $1,445.74 $0.00 $2,669.27 $476,206.17
226 $476,206.17 $1,445.74 $0.00 $2,692.54 $480,344.45
227 $480,344.45 $1,445.74 $0.00 $2,715.94 $484,506.13
228 $484,506.13 $1,445.74 $0.00 $2,739.47 $488,691.34
229 $488,691.34 $1,445.74 $177,973.10 $2,763.13 $314,927.11
230 $314,927.11 $1,445.74 $0.00 $1,780.64 $318,153.49
231 $318,153.49 $1,445.74 $0.00 $1,798.89 $321,398.12
232 $321,398.12 $1,445.74 $0.00 $1,817.23 $324,661.09
233 $324,661.09 $1,445.74 $0.00 $1,835.68 $327,942.51
234 $327,942.51 $1,445.74 $0.00 $1,854.23 $331,242.48
235 $331,242.48 $1,445.74 $0.00 $1,872.89 $334,561.11
236 $334,561.11 $1,445.74 $0.00 $1,891.66 $337,898.51
237 $337,898.51 $1,445.74 $0.00 $1,910.53 $341,254.78
238 $341,254.78 $1,445.74 $0.00 $1,929.50 $344,630.02
239 $344,630.02 $1,445.74 $0.00 $1,948.59 $348,024.35
240 $348,024.35 $1,445.74 $0.00 $1,967.78 $351,437.87
241 $351,437.87 $1,445.74 $186,871.76 $1,987.08 $167,998.93
242 $167,998.93 $1,445.74 $0.00 $949.89 $170,394.56
243 $170,394.56 $1,445.74 $0.00 $963.44 $172,803.74
244 $172,803.74 $1,445.74 $0.00 $977.06 $175,226.54
245 $175,226.54 $1,445.74 $0.00 $990.76 $177,663.04
246 $177,663.04 $1,445.74 $0.00 $1,004.53 $180,113.31
247 $180,113.31 $1,445.74 $0.00 $1,018.39 $182,577.44
248 $182,577.44 $1,445.74 $0.00 $1,032.32 $185,055.50
249 $185,055.50 $1,445.74 $0.00 $1,046.33 $187,547.57
250 $187,547.57 $1,445.74 $0.00 $1,060.42 $190,053.73
251 $190,053.73 $1,445.74 $0.00 $1,074.59 $192,574.06
252 $192,574.06 $1,445.74 $0.00 $1,088.84 $195,108.64
253 $195,108.64 $0.00 $196,215.35 $1,103.17 ($3.54)