Savings Plan and Future Cost Estimation for Bennington College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$311,269
Monthly savings required$2,460

How much will it cost to send your child to Bennington College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,245,076.44 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,460.04 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$82,968.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $2,460.04 $0.00 $0.00 $2,460.04
2 $2,460.04 $2,460.04 $0.00 $13.91 $4,933.99
3 $4,933.99 $2,460.04 $0.00 $27.90 $7,421.93
4 $7,421.93 $2,460.04 $0.00 $41.96 $9,923.93
5 $9,923.93 $2,460.04 $0.00 $56.11 $12,440.08
6 $12,440.08 $2,460.04 $0.00 $70.34 $14,970.46
7 $14,970.46 $2,460.04 $0.00 $84.65 $17,515.15
8 $17,515.15 $2,460.04 $0.00 $99.03 $20,074.22
9 $20,074.22 $2,460.04 $0.00 $113.50 $22,647.76
10 $22,647.76 $2,460.04 $0.00 $128.05 $25,235.85
11 $25,235.85 $2,460.04 $0.00 $142.69 $27,838.58
12 $27,838.58 $2,460.04 $0.00 $157.40 $30,456.02
13 $30,456.02 $2,460.04 $0.00 $172.20 $33,088.26
14 $33,088.26 $2,460.04 $0.00 $187.09 $35,735.39
15 $35,735.39 $2,460.04 $0.00 $202.05 $38,397.48
16 $38,397.48 $2,460.04 $0.00 $217.10 $41,074.62
17 $41,074.62 $2,460.04 $0.00 $232.24 $43,766.90
18 $43,766.90 $2,460.04 $0.00 $247.46 $46,474.40
19 $46,474.40 $2,460.04 $0.00 $262.77 $49,197.21
20 $49,197.21 $2,460.04 $0.00 $278.17 $51,935.42
21 $51,935.42 $2,460.04 $0.00 $293.65 $54,689.11
22 $54,689.11 $2,460.04 $0.00 $309.22 $57,458.37
23 $57,458.37 $2,460.04 $0.00 $324.88 $60,243.29
24 $60,243.29 $2,460.04 $0.00 $340.62 $63,043.95
25 $63,043.95 $2,460.04 $0.00 $356.46 $65,860.45
26 $65,860.45 $2,460.04 $0.00 $372.38 $68,692.87
27 $68,692.87 $2,460.04 $0.00 $388.40 $71,541.31
28 $71,541.31 $2,460.04 $0.00 $404.50 $74,405.85
29 $74,405.85 $2,460.04 $0.00 $420.70 $77,286.59
30 $77,286.59 $2,460.04 $0.00 $436.99 $80,183.62
31 $80,183.62 $2,460.04 $0.00 $453.37 $83,097.03
32 $83,097.03 $2,460.04 $0.00 $469.84 $86,026.91
33 $86,026.91 $2,460.04 $0.00 $486.41 $88,973.36
34 $88,973.36 $2,460.04 $0.00 $503.07 $91,936.47
35 $91,936.47 $2,460.04 $0.00 $519.82 $94,916.33
36 $94,916.33 $2,460.04 $0.00 $536.67 $97,913.04
37 $97,913.04 $2,460.04 $0.00 $553.61 $100,926.69
38 $100,926.69 $2,460.04 $0.00 $570.65 $103,957.38
39 $103,957.38 $2,460.04 $0.00 $587.79 $107,005.21
40 $107,005.21 $2,460.04 $0.00 $605.02 $110,070.27
41 $110,070.27 $2,460.04 $0.00 $622.35 $113,152.66
42 $113,152.66 $2,460.04 $0.00 $639.78 $116,252.48
43 $116,252.48 $2,460.04 $0.00 $657.31 $119,369.83
44 $119,369.83 $2,460.04 $0.00 $674.93 $122,504.80
45 $122,504.80 $2,460.04 $0.00 $692.66 $125,657.50
46 $125,657.50 $2,460.04 $0.00 $710.49 $128,828.03
47 $128,828.03 $2,460.04 $0.00 $728.41 $132,016.48
48 $132,016.48 $2,460.04 $0.00 $746.44 $135,222.96
49 $135,222.96 $2,460.04 $0.00 $764.57 $138,447.57
50 $138,447.57 $2,460.04 $0.00 $782.80 $141,690.41
51 $141,690.41 $2,460.04 $0.00 $801.14 $144,951.59
52 $144,951.59 $2,460.04 $0.00 $819.58 $148,231.21
53 $148,231.21 $2,460.04 $0.00 $838.12 $151,529.37
54 $151,529.37 $2,460.04 $0.00 $856.77 $154,846.18
55 $154,846.18 $2,460.04 $0.00 $875.52 $158,181.74
56 $158,181.74 $2,460.04 $0.00 $894.38 $161,536.16
57 $161,536.16 $2,460.04 $0.00 $913.35 $164,909.55
58 $164,909.55 $2,460.04 $0.00 $932.42 $168,302.01
59 $168,302.01 $2,460.04 $0.00 $951.60 $171,713.65
60 $171,713.65 $2,460.04 $0.00 $970.89 $175,144.58
61 $175,144.58 $2,460.04 $0.00 $990.29 $178,594.91
62 $178,594.91 $2,460.04 $0.00 $1,009.80 $182,064.75
63 $182,064.75 $2,460.04 $0.00 $1,029.42 $185,554.21
64 $185,554.21 $2,460.04 $0.00 $1,049.15 $189,063.40
65 $189,063.40 $2,460.04 $0.00 $1,068.99 $192,592.43
66 $192,592.43 $2,460.04 $0.00 $1,088.95 $196,141.42
67 $196,141.42 $2,460.04 $0.00 $1,109.01 $199,710.47
68 $199,710.47 $2,460.04 $0.00 $1,129.19 $203,299.70
69 $203,299.70 $2,460.04 $0.00 $1,149.49 $206,909.23
70 $206,909.23 $2,460.04 $0.00 $1,169.89 $210,539.16
71 $210,539.16 $2,460.04 $0.00 $1,190.42 $214,189.62
72 $214,189.62 $2,460.04 $0.00 $1,211.06 $217,860.72
73 $217,860.72 $2,460.04 $0.00 $1,231.82 $221,552.58
74 $221,552.58 $2,460.04 $0.00 $1,252.69 $225,265.31
75 $225,265.31 $2,460.04 $0.00 $1,273.68 $228,999.03
76 $228,999.03 $2,460.04 $0.00 $1,294.79 $232,753.86
77 $232,753.86 $2,460.04 $0.00 $1,316.02 $236,529.92
78 $236,529.92 $2,460.04 $0.00 $1,337.37 $240,327.33
79 $240,327.33 $2,460.04 $0.00 $1,358.85 $244,146.22
80 $244,146.22 $2,460.04 $0.00 $1,380.44 $247,986.70
81 $247,986.70 $2,460.04 $0.00 $1,402.15 $251,848.89
82 $251,848.89 $2,460.04 $0.00 $1,423.99 $255,732.92
83 $255,732.92 $2,460.04 $0.00 $1,445.95 $259,638.91
84 $259,638.91 $2,460.04 $0.00 $1,468.04 $263,566.99
85 $263,566.99 $2,460.04 $0.00 $1,490.25 $267,517.28
86 $267,517.28 $2,460.04 $0.00 $1,512.58 $271,489.90
87 $271,489.90 $2,460.04 $0.00 $1,535.04 $275,484.98
88 $275,484.98 $2,460.04 $0.00 $1,557.63 $279,502.65
89 $279,502.65 $2,460.04 $0.00 $1,580.35 $283,543.04
90 $283,543.04 $2,460.04 $0.00 $1,603.19 $287,606.27
91 $287,606.27 $2,460.04 $0.00 $1,626.17 $291,692.48
92 $291,692.48 $2,460.04 $0.00 $1,649.27 $295,801.79
93 $295,801.79 $2,460.04 $0.00 $1,672.51 $299,934.34
94 $299,934.34 $2,460.04 $0.00 $1,695.87 $304,090.25
95 $304,090.25 $2,460.04 $0.00 $1,719.37 $308,269.66
96 $308,269.66 $2,460.04 $0.00 $1,743.00 $312,472.70
97 $312,472.70 $2,460.04 $0.00 $1,766.77 $316,699.51
98 $316,699.51 $2,460.04 $0.00 $1,790.67 $320,950.22
99 $320,950.22 $2,460.04 $0.00 $1,814.70 $325,224.96
100 $325,224.96 $2,460.04 $0.00 $1,838.87 $329,523.87
101 $329,523.87 $2,460.04 $0.00 $1,863.18 $333,847.09
102 $333,847.09 $2,460.04 $0.00 $1,887.62 $338,194.75
103 $338,194.75 $2,460.04 $0.00 $1,912.20 $342,566.99
104 $342,566.99 $2,460.04 $0.00 $1,936.92 $346,963.95
105 $346,963.95 $2,460.04 $0.00 $1,961.78 $351,385.77
106 $351,385.77 $2,460.04 $0.00 $1,986.79 $355,832.60
107 $355,832.60 $2,460.04 $0.00 $2,011.93 $360,304.57
108 $360,304.57 $2,460.04 $0.00 $2,037.21 $364,801.82
109 $364,801.82 $2,460.04 $0.00 $2,062.64 $369,324.50
110 $369,324.50 $2,460.04 $0.00 $2,088.21 $373,872.75
111 $373,872.75 $2,460.04 $0.00 $2,113.93 $378,446.72
112 $378,446.72 $2,460.04 $0.00 $2,139.79 $383,046.55
113 $383,046.55 $2,460.04 $0.00 $2,165.80 $387,672.39
114 $387,672.39 $2,460.04 $0.00 $2,191.96 $392,324.39
115 $392,324.39 $2,460.04 $0.00 $2,218.26 $397,002.69
116 $397,002.69 $2,460.04 $0.00 $2,244.71 $401,707.44
117 $401,707.44 $2,460.04 $0.00 $2,271.31 $406,438.79
118 $406,438.79 $2,460.04 $0.00 $2,298.06 $411,196.89
119 $411,196.89 $2,460.04 $0.00 $2,324.97 $415,981.90
120 $415,981.90 $2,460.04 $0.00 $2,352.02 $420,793.96
121 $420,793.96 $2,460.04 $0.00 $2,379.23 $425,633.23
122 $425,633.23 $2,460.04 $0.00 $2,406.59 $430,499.86
123 $430,499.86 $2,460.04 $0.00 $2,434.11 $435,394.01
124 $435,394.01 $2,460.04 $0.00 $2,461.78 $440,315.83
125 $440,315.83 $2,460.04 $0.00 $2,489.61 $445,265.48
126 $445,265.48 $2,460.04 $0.00 $2,517.60 $450,243.12
127 $450,243.12 $2,460.04 $0.00 $2,545.74 $455,248.90
128 $455,248.90 $2,460.04 $0.00 $2,574.04 $460,282.98
129 $460,282.98 $2,460.04 $0.00 $2,602.51 $465,345.53
130 $465,345.53 $2,460.04 $0.00 $2,631.13 $470,436.70
131 $470,436.70 $2,460.04 $0.00 $2,659.92 $475,556.66
132 $475,556.66 $2,460.04 $0.00 $2,688.87 $480,705.57
133 $480,705.57 $2,460.04 $0.00 $2,717.98 $485,883.59
134 $485,883.59 $2,460.04 $0.00 $2,747.26 $491,090.89
135 $491,090.89 $2,460.04 $0.00 $2,776.70 $496,327.63
136 $496,327.63 $2,460.04 $0.00 $2,806.31 $501,593.98
137 $501,593.98 $2,460.04 $0.00 $2,836.09 $506,890.11
138 $506,890.11 $2,460.04 $0.00 $2,866.03 $512,216.18
139 $512,216.18 $2,460.04 $0.00 $2,896.14 $517,572.36
140 $517,572.36 $2,460.04 $0.00 $2,926.43 $522,958.83
141 $522,958.83 $2,460.04 $0.00 $2,956.89 $528,375.76
142 $528,375.76 $2,460.04 $0.00 $2,987.51 $533,823.31
143 $533,823.31 $2,460.04 $0.00 $3,018.31 $539,301.66
144 $539,301.66 $2,460.04 $0.00 $3,049.29 $544,810.99
145 $544,810.99 $2,460.04 $0.00 $3,080.44 $550,351.47
146 $550,351.47 $2,460.04 $0.00 $3,111.77 $555,923.28
147 $555,923.28 $2,460.04 $0.00 $3,143.27 $561,526.59
148 $561,526.59 $2,460.04 $0.00 $3,174.95 $567,161.58
149 $567,161.58 $2,460.04 $0.00 $3,206.81 $572,828.43
150 $572,828.43 $2,460.04 $0.00 $3,238.86 $578,527.33
151 $578,527.33 $2,460.04 $0.00 $3,271.08 $584,258.45
152 $584,258.45 $2,460.04 $0.00 $3,303.48 $590,021.97
153 $590,021.97 $2,460.04 $0.00 $3,336.07 $595,818.08
154 $595,818.08 $2,460.04 $0.00 $3,368.84 $601,646.96
155 $601,646.96 $2,460.04 $0.00 $3,401.80 $607,508.80
156 $607,508.80 $2,460.04 $0.00 $3,434.94 $613,403.78
157 $613,403.78 $2,460.04 $0.00 $3,468.27 $619,332.09
158 $619,332.09 $2,460.04 $0.00 $3,501.79 $625,293.92
159 $625,293.92 $2,460.04 $0.00 $3,535.50 $631,289.46
160 $631,289.46 $2,460.04 $0.00 $3,569.40 $637,318.90
161 $637,318.90 $2,460.04 $0.00 $3,603.49 $643,382.43
162 $643,382.43 $2,460.04 $0.00 $3,637.78 $649,480.25
163 $649,480.25 $2,460.04 $0.00 $3,672.26 $655,612.55
164 $655,612.55 $2,460.04 $0.00 $3,706.93 $661,779.52
165 $661,779.52 $2,460.04 $0.00 $3,741.80 $667,981.36
166 $667,981.36 $2,460.04 $0.00 $3,776.86 $674,218.26
167 $674,218.26 $2,460.04 $0.00 $3,812.13 $680,490.43
168 $680,490.43 $2,460.04 $0.00 $3,847.59 $686,798.06
169 $686,798.06 $2,460.04 $0.00 $3,883.26 $693,141.36
170 $693,141.36 $2,460.04 $0.00 $3,919.12 $699,520.52
171 $699,520.52 $2,460.04 $0.00 $3,955.19 $705,935.75
172 $705,935.75 $2,460.04 $0.00 $3,991.46 $712,387.25
173 $712,387.25 $2,460.04 $0.00 $4,027.94 $718,875.23
174 $718,875.23 $2,460.04 $0.00 $4,064.63 $725,399.90
175 $725,399.90 $2,460.04 $0.00 $4,101.52 $731,961.46
176 $731,961.46 $2,460.04 $0.00 $4,138.62 $738,560.12
177 $738,560.12 $2,460.04 $0.00 $4,175.93 $745,196.09
178 $745,196.09 $2,460.04 $0.00 $4,213.45 $751,869.58
179 $751,869.58 $2,460.04 $0.00 $4,251.18 $758,580.80
180 $758,580.80 $2,460.04 $0.00 $4,289.13 $765,329.97
181 $765,329.97 $2,460.04 $0.00 $4,327.29 $772,117.30
182 $772,117.30 $2,460.04 $0.00 $4,365.66 $778,943.00
183 $778,943.00 $2,460.04 $0.00 $4,404.26 $785,807.30
184 $785,807.30 $2,460.04 $0.00 $4,443.07 $792,710.41
185 $792,710.41 $2,460.04 $0.00 $4,482.10 $799,652.55
186 $799,652.55 $2,460.04 $0.00 $4,521.35 $806,633.94
187 $806,633.94 $2,460.04 $0.00 $4,560.83 $813,654.81
188 $813,654.81 $2,460.04 $0.00 $4,600.52 $820,715.37
189 $820,715.37 $2,460.04 $0.00 $4,640.44 $827,815.85
190 $827,815.85 $2,460.04 $0.00 $4,680.59 $834,956.48
191 $834,956.48 $2,460.04 $0.00 $4,720.97 $842,137.49
192 $842,137.49 $2,460.04 $0.00 $4,761.57 $849,359.10
193 $849,359.10 $2,460.04 $0.00 $4,802.40 $856,621.54
194 $856,621.54 $2,460.04 $0.00 $4,843.46 $863,925.04
195 $863,925.04 $2,460.04 $0.00 $4,884.76 $871,269.84
196 $871,269.84 $2,460.04 $0.00 $4,926.29 $878,656.17
197 $878,656.17 $2,460.04 $0.00 $4,968.05 $886,084.26
198 $886,084.26 $2,460.04 $0.00 $5,010.05 $893,554.35
199 $893,554.35 $2,460.04 $0.00 $5,052.29 $901,066.68
200 $901,066.68 $2,460.04 $0.00 $5,094.76 $908,621.48
201 $908,621.48 $2,460.04 $0.00 $5,137.48 $916,219.00
202 $916,219.00 $2,460.04 $0.00 $5,180.44 $923,859.48
203 $923,859.48 $2,460.04 $0.00 $5,223.64 $931,543.16
204 $931,543.16 $2,460.04 $0.00 $5,267.08 $939,270.28
205 $939,270.28 $2,460.04 $0.00 $5,310.77 $947,041.09
206 $947,041.09 $2,460.04 $0.00 $5,354.71 $954,855.84
207 $954,855.84 $2,460.04 $0.00 $5,398.89 $962,714.77
208 $962,714.77 $2,460.04 $0.00 $5,443.33 $970,618.14
209 $970,618.14 $2,460.04 $0.00 $5,488.02 $978,566.20
210 $978,566.20 $2,460.04 $0.00 $5,532.96 $986,559.20
211 $986,559.20 $2,460.04 $0.00 $5,578.15 $994,597.39
212 $994,597.39 $2,460.04 $0.00 $5,623.60 $1,002,681.03
213 $1,002,681.03 $2,460.04 $0.00 $5,669.30 $1,010,810.37
214 $1,010,810.37 $2,460.04 $0.00 $5,715.27 $1,018,985.68
215 $1,018,985.68 $2,460.04 $0.00 $5,761.49 $1,027,207.21
216 $1,027,207.21 $2,460.04 $0.00 $5,807.98 $1,035,475.23
217 $1,035,475.23 $2,460.04 $280,426.22 $5,854.73 $763,363.78
218 $763,363.78 $2,460.04 $0.00 $4,316.17 $770,139.99
219 $770,139.99 $2,460.04 $0.00 $4,354.48 $776,954.51
220 $776,954.51 $2,460.04 $0.00 $4,393.01 $783,807.56
221 $783,807.56 $2,460.04 $0.00 $4,431.76 $790,699.36
222 $790,699.36 $2,460.04 $0.00 $4,470.73 $797,630.13
223 $797,630.13 $2,460.04 $0.00 $4,509.92 $804,600.09
224 $804,600.09 $2,460.04 $0.00 $4,549.33 $811,609.46
225 $811,609.46 $2,460.04 $0.00 $4,588.96 $818,658.46
226 $818,658.46 $2,460.04 $0.00 $4,628.81 $825,747.31
227 $825,747.31 $2,460.04 $0.00 $4,668.90 $832,876.25
228 $832,876.25 $2,460.04 $0.00 $4,709.20 $840,045.49
229 $840,045.49 $2,460.04 $300,056.06 $4,749.74 $547,199.21
230 $547,199.21 $2,460.04 $0.00 $3,093.94 $552,753.19
231 $552,753.19 $2,460.04 $0.00 $3,125.35 $558,338.58
232 $558,338.58 $2,460.04 $0.00 $3,156.93 $563,955.55
233 $563,955.55 $2,460.04 $0.00 $3,188.69 $569,604.28
234 $569,604.28 $2,460.04 $0.00 $3,220.63 $575,284.95
235 $575,284.95 $2,460.04 $0.00 $3,252.74 $580,997.73
236 $580,997.73 $2,460.04 $0.00 $3,285.05 $586,742.82
237 $586,742.82 $2,460.04 $0.00 $3,317.53 $592,520.39
238 $592,520.39 $2,460.04 $0.00 $3,350.20 $598,330.63
239 $598,330.63 $2,460.04 $0.00 $3,383.05 $604,173.72
240 $604,173.72 $2,460.04 $0.00 $3,416.09 $610,049.85
241 $610,049.85 $2,460.04 $321,059.98 $3,449.31 $294,899.22
242 $294,899.22 $2,460.04 $0.00 $1,667.40 $299,026.66
243 $299,026.66 $2,460.04 $0.00 $1,690.74 $303,177.44
244 $303,177.44 $2,460.04 $0.00 $1,714.21 $307,351.69
245 $307,351.69 $2,460.04 $0.00 $1,737.81 $311,549.54
246 $311,549.54 $2,460.04 $0.00 $1,761.55 $315,771.13
247 $315,771.13 $2,460.04 $0.00 $1,785.42 $320,016.59
248 $320,016.59 $2,460.04 $0.00 $1,809.42 $324,286.05
249 $324,286.05 $2,460.04 $0.00 $1,833.56 $328,579.65
250 $328,579.65 $2,460.04 $0.00 $1,857.84 $332,897.53
251 $332,897.53 $2,460.04 $0.00 $1,882.25 $337,239.82
252 $337,239.82 $2,460.04 $0.00 $1,906.80 $341,606.66
253 $341,606.66 $0.00 $343,534.18 $1,931.49 $3.97