Savings Plan and Future Cost Estimation for Amherst College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$207,586
Monthly savings required$1,643

How much will it cost to send your child to Amherst College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $830,345.02 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,643.22 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$80,050.00
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 $1,643.22 $0.00 $0.00 $1,643.22
2 $1,643.22 $1,643.22 $0.00 $9.29 $3,295.73
3 $3,295.73 $1,643.22 $0.00 $18.63 $4,957.58
4 $4,957.58 $1,643.22 $0.00 $28.03 $6,628.83
5 $6,628.83 $1,643.22 $0.00 $37.48 $8,309.53
6 $8,309.53 $1,643.22 $0.00 $46.98 $9,999.73
7 $9,999.73 $1,643.22 $0.00 $56.54 $11,699.49
8 $11,699.49 $1,643.22 $0.00 $66.15 $13,408.86
9 $13,408.86 $1,643.22 $0.00 $75.82 $15,127.90
10 $15,127.90 $1,643.22 $0.00 $85.54 $16,856.66
11 $16,856.66 $1,643.22 $0.00 $95.31 $18,595.19
12 $18,595.19 $1,643.22 $0.00 $105.14 $20,343.55
13 $20,343.55 $1,643.22 $0.00 $115.03 $22,101.80
14 $22,101.80 $1,643.22 $0.00 $124.97 $23,869.99
15 $23,869.99 $1,643.22 $0.00 $134.96 $25,648.17
16 $25,648.17 $1,643.22 $0.00 $145.02 $27,436.41
17 $27,436.41 $1,643.22 $0.00 $155.13 $29,234.76
18 $29,234.76 $1,643.22 $0.00 $165.30 $31,043.28
19 $31,043.28 $1,643.22 $0.00 $175.52 $32,862.02
20 $32,862.02 $1,643.22 $0.00 $185.81 $34,691.05
21 $34,691.05 $1,643.22 $0.00 $196.15 $36,530.42
22 $36,530.42 $1,643.22 $0.00 $206.55 $38,380.19
23 $38,380.19 $1,643.22 $0.00 $217.01 $40,240.42
24 $40,240.42 $1,643.22 $0.00 $227.53 $42,111.17
25 $42,111.17 $1,643.22 $0.00 $238.10 $43,992.49
26 $43,992.49 $1,643.22 $0.00 $248.74 $45,884.45
27 $45,884.45 $1,643.22 $0.00 $259.44 $47,787.11
28 $47,787.11 $1,643.22 $0.00 $270.20 $49,700.53
29 $49,700.53 $1,643.22 $0.00 $281.01 $51,624.76
30 $51,624.76 $1,643.22 $0.00 $291.89 $53,559.87
31 $53,559.87 $1,643.22 $0.00 $302.84 $55,505.93
32 $55,505.93 $1,643.22 $0.00 $313.84 $57,462.99
33 $57,462.99 $1,643.22 $0.00 $324.90 $59,431.11
34 $59,431.11 $1,643.22 $0.00 $336.03 $61,410.36
35 $61,410.36 $1,643.22 $0.00 $347.22 $63,400.80
36 $63,400.80 $1,643.22 $0.00 $358.48 $65,402.50
37 $65,402.50 $1,643.22 $0.00 $369.80 $67,415.52
38 $67,415.52 $1,643.22 $0.00 $381.18 $69,439.92
39 $69,439.92 $1,643.22 $0.00 $392.62 $71,475.76
40 $71,475.76 $1,643.22 $0.00 $404.13 $73,523.11
41 $73,523.11 $1,643.22 $0.00 $415.71 $75,582.04
42 $75,582.04 $1,643.22 $0.00 $427.35 $77,652.61
43 $77,652.61 $1,643.22 $0.00 $439.06 $79,734.89
44 $79,734.89 $1,643.22 $0.00 $450.83 $81,828.94
45 $81,828.94 $1,643.22 $0.00 $462.67 $83,934.83
46 $83,934.83 $1,643.22 $0.00 $474.58 $86,052.63
47 $86,052.63 $1,643.22 $0.00 $486.55 $88,182.40
48 $88,182.40 $1,643.22 $0.00 $498.60 $90,324.22
49 $90,324.22 $1,643.22 $0.00 $510.71 $92,478.15
50 $92,478.15 $1,643.22 $0.00 $522.88 $94,644.25
51 $94,644.25 $1,643.22 $0.00 $535.13 $96,822.60
52 $96,822.60 $1,643.22 $0.00 $547.45 $99,013.27
53 $99,013.27 $1,643.22 $0.00 $559.84 $101,216.33
54 $101,216.33 $1,643.22 $0.00 $572.29 $103,431.84
55 $103,431.84 $1,643.22 $0.00 $584.82 $105,659.88
56 $105,659.88 $1,643.22 $0.00 $597.42 $107,900.52
57 $107,900.52 $1,643.22 $0.00 $610.09 $110,153.83
58 $110,153.83 $1,643.22 $0.00 $622.83 $112,419.88
59 $112,419.88 $1,643.22 $0.00 $635.64 $114,698.74
60 $114,698.74 $1,643.22 $0.00 $648.52 $116,990.48
61 $116,990.48 $1,643.22 $0.00 $661.48 $119,295.18
62 $119,295.18 $1,643.22 $0.00 $674.51 $121,612.91
63 $121,612.91 $1,643.22 $0.00 $687.62 $123,943.75
64 $123,943.75 $1,643.22 $0.00 $700.80 $126,287.77
65 $126,287.77 $1,643.22 $0.00 $714.05 $128,645.04
66 $128,645.04 $1,643.22 $0.00 $727.38 $131,015.64
67 $131,015.64 $1,643.22 $0.00 $740.78 $133,399.64
68 $133,399.64 $1,643.22 $0.00 $754.26 $135,797.12
69 $135,797.12 $1,643.22 $0.00 $767.82 $138,208.16
70 $138,208.16 $1,643.22 $0.00 $781.45 $140,632.83
71 $140,632.83 $1,643.22 $0.00 $795.16 $143,071.21
72 $143,071.21 $1,643.22 $0.00 $808.95 $145,523.38
73 $145,523.38 $1,643.22 $0.00 $822.81 $147,989.41
74 $147,989.41 $1,643.22 $0.00 $836.75 $150,469.38
75 $150,469.38 $1,643.22 $0.00 $850.78 $152,963.38
76 $152,963.38 $1,643.22 $0.00 $864.88 $155,471.48
77 $155,471.48 $1,643.22 $0.00 $879.06 $157,993.76
78 $157,993.76 $1,643.22 $0.00 $893.32 $160,530.30
79 $160,530.30 $1,643.22 $0.00 $907.66 $163,081.18
80 $163,081.18 $1,643.22 $0.00 $922.08 $165,646.48
81 $165,646.48 $1,643.22 $0.00 $936.59 $168,226.29
82 $168,226.29 $1,643.22 $0.00 $951.18 $170,820.69
83 $170,820.69 $1,643.22 $0.00 $965.85 $173,429.76
84 $173,429.76 $1,643.22 $0.00 $980.60 $176,053.58
85 $176,053.58 $1,643.22 $0.00 $995.43 $178,692.23
86 $178,692.23 $1,643.22 $0.00 $1,010.35 $181,345.80
87 $181,345.80 $1,643.22 $0.00 $1,025.36 $184,014.38
88 $184,014.38 $1,643.22 $0.00 $1,040.44 $186,698.04
89 $186,698.04 $1,643.22 $0.00 $1,055.62 $189,396.88
90 $189,396.88 $1,643.22 $0.00 $1,070.88 $192,110.98
91 $192,110.98 $1,643.22 $0.00 $1,086.22 $194,840.42
92 $194,840.42 $1,643.22 $0.00 $1,101.66 $197,585.30
93 $197,585.30 $1,643.22 $0.00 $1,117.18 $200,345.70
94 $200,345.70 $1,643.22 $0.00 $1,132.78 $203,121.70
95 $203,121.70 $1,643.22 $0.00 $1,148.48 $205,913.40
96 $205,913.40 $1,643.22 $0.00 $1,164.26 $208,720.88
97 $208,720.88 $1,643.22 $0.00 $1,180.14 $211,544.24
98 $211,544.24 $1,643.22 $0.00 $1,196.10 $214,383.56
99 $214,383.56 $1,643.22 $0.00 $1,212.16 $217,238.94
100 $217,238.94 $1,643.22 $0.00 $1,228.30 $220,110.46
101 $220,110.46 $1,643.22 $0.00 $1,244.54 $222,998.22
102 $222,998.22 $1,643.22 $0.00 $1,260.86 $225,902.30
103 $225,902.30 $1,643.22 $0.00 $1,277.28 $228,822.80
104 $228,822.80 $1,643.22 $0.00 $1,293.80 $231,759.82
105 $231,759.82 $1,643.22 $0.00 $1,310.40 $234,713.44
106 $234,713.44 $1,643.22 $0.00 $1,327.10 $237,683.76
107 $237,683.76 $1,643.22 $0.00 $1,343.90 $240,670.88
108 $240,670.88 $1,643.22 $0.00 $1,360.79 $243,674.89
109 $243,674.89 $1,643.22 $0.00 $1,377.77 $246,695.88
110 $246,695.88 $1,643.22 $0.00 $1,394.85 $249,733.95
111 $249,733.95 $1,643.22 $0.00 $1,412.03 $252,789.20
112 $252,789.20 $1,643.22 $0.00 $1,429.31 $255,861.73
113 $255,861.73 $1,643.22 $0.00 $1,446.68 $258,951.63
114 $258,951.63 $1,643.22 $0.00 $1,464.15 $262,059.00
115 $262,059.00 $1,643.22 $0.00 $1,481.72 $265,183.94
116 $265,183.94 $1,643.22 $0.00 $1,499.39 $268,326.55
117 $268,326.55 $1,643.22 $0.00 $1,517.16 $271,486.93
118 $271,486.93 $1,643.22 $0.00 $1,535.03 $274,665.18
119 $274,665.18 $1,643.22 $0.00 $1,553.00 $277,861.40
120 $277,861.40 $1,643.22 $0.00 $1,571.07 $281,075.69
121 $281,075.69 $1,643.22 $0.00 $1,589.24 $284,308.15
122 $284,308.15 $1,643.22 $0.00 $1,607.52 $287,558.89
123 $287,558.89 $1,643.22 $0.00 $1,625.90 $290,828.01
124 $290,828.01 $1,643.22 $0.00 $1,644.38 $294,115.61
125 $294,115.61 $1,643.22 $0.00 $1,662.97 $297,421.80
126 $297,421.80 $1,643.22 $0.00 $1,681.67 $300,746.69
127 $300,746.69 $1,643.22 $0.00 $1,700.47 $304,090.38
128 $304,090.38 $1,643.22 $0.00 $1,719.37 $307,452.97
129 $307,452.97 $1,643.22 $0.00 $1,738.38 $310,834.57
130 $310,834.57 $1,643.22 $0.00 $1,757.50 $314,235.29
131 $314,235.29 $1,643.22 $0.00 $1,776.73 $317,655.24
132 $317,655.24 $1,643.22 $0.00 $1,796.07 $321,094.53
133 $321,094.53 $1,643.22 $0.00 $1,815.52 $324,553.27
134 $324,553.27 $1,643.22 $0.00 $1,835.07 $328,031.56
135 $328,031.56 $1,643.22 $0.00 $1,854.74 $331,529.52
136 $331,529.52 $1,643.22 $0.00 $1,874.52 $335,047.26
137 $335,047.26 $1,643.22 $0.00 $1,894.41 $338,584.89
138 $338,584.89 $1,643.22 $0.00 $1,914.41 $342,142.52
139 $342,142.52 $1,643.22 $0.00 $1,934.52 $345,720.26
140 $345,720.26 $1,643.22 $0.00 $1,954.75 $349,318.23
141 $349,318.23 $1,643.22 $0.00 $1,975.10 $352,936.55
142 $352,936.55 $1,643.22 $0.00 $1,995.55 $356,575.32
143 $356,575.32 $1,643.22 $0.00 $2,016.13 $360,234.67
144 $360,234.67 $1,643.22 $0.00 $2,036.82 $363,914.71
145 $363,914.71 $1,643.22 $0.00 $2,057.63 $367,615.56
146 $367,615.56 $1,643.22 $0.00 $2,078.55 $371,337.33
147 $371,337.33 $1,643.22 $0.00 $2,099.60 $375,080.15
148 $375,080.15 $1,643.22 $0.00 $2,120.76 $378,844.13
149 $378,844.13 $1,643.22 $0.00 $2,142.04 $382,629.39
150 $382,629.39 $1,643.22 $0.00 $2,163.44 $386,436.05
151 $386,436.05 $1,643.22 $0.00 $2,184.97 $390,264.24
152 $390,264.24 $1,643.22 $0.00 $2,206.61 $394,114.07
153 $394,114.07 $1,643.22 $0.00 $2,228.38 $397,985.67
154 $397,985.67 $1,643.22 $0.00 $2,250.27 $401,879.16
155 $401,879.16 $1,643.22 $0.00 $2,272.28 $405,794.66
156 $405,794.66 $1,643.22 $0.00 $2,294.42 $409,732.30
157 $409,732.30 $1,643.22 $0.00 $2,316.69 $413,692.21
158 $413,692.21 $1,643.22 $0.00 $2,339.08 $417,674.51
159 $417,674.51 $1,643.22 $0.00 $2,361.59 $421,679.32
160 $421,679.32 $1,643.22 $0.00 $2,384.24 $425,706.78
161 $425,706.78 $1,643.22 $0.00 $2,407.01 $429,757.01
162 $429,757.01 $1,643.22 $0.00 $2,429.91 $433,830.14
163 $433,830.14 $1,643.22 $0.00 $2,452.94 $437,926.30
164 $437,926.30 $1,643.22 $0.00 $2,476.10 $442,045.62
165 $442,045.62 $1,643.22 $0.00 $2,499.39 $446,188.23
166 $446,188.23 $1,643.22 $0.00 $2,522.81 $450,354.26
167 $450,354.26 $1,643.22 $0.00 $2,546.37 $454,543.85
168 $454,543.85 $1,643.22 $0.00 $2,570.06 $458,757.13
169 $458,757.13 $1,643.22 $0.00 $2,593.88 $462,994.23
170 $462,994.23 $1,643.22 $0.00 $2,617.84 $467,255.29
171 $467,255.29 $1,643.22 $0.00 $2,641.93 $471,540.44
172 $471,540.44 $1,643.22 $0.00 $2,666.16 $475,849.82
173 $475,849.82 $1,643.22 $0.00 $2,690.52 $480,183.56
174 $480,183.56 $1,643.22 $0.00 $2,715.03 $484,541.81
175 $484,541.81 $1,643.22 $0.00 $2,739.67 $488,924.70
176 $488,924.70 $1,643.22 $0.00 $2,764.45 $493,332.37
177 $493,332.37 $1,643.22 $0.00 $2,789.37 $497,764.96
178 $497,764.96 $1,643.22 $0.00 $2,814.44 $502,222.62
179 $502,222.62 $1,643.22 $0.00 $2,839.64 $506,705.48
180 $506,705.48 $1,643.22 $0.00 $2,864.99 $511,213.69
181 $511,213.69 $1,643.22 $0.00 $2,890.48 $515,747.39
182 $515,747.39 $1,643.22 $0.00 $2,916.11 $520,306.72
183 $520,306.72 $1,643.22 $0.00 $2,941.89 $524,891.83
184 $524,891.83 $1,643.22 $0.00 $2,967.81 $529,502.86
185 $529,502.86 $1,643.22 $0.00 $2,993.89 $534,139.97
186 $534,139.97 $1,643.22 $0.00 $3,020.11 $538,803.30
187 $538,803.30 $1,643.22 $0.00 $3,046.47 $543,492.99
188 $543,492.99 $1,643.22 $0.00 $3,072.99 $548,209.20
189 $548,209.20 $1,643.22 $0.00 $3,099.65 $552,952.07
190 $552,952.07 $1,643.22 $0.00 $3,126.47 $557,721.76
191 $557,721.76 $1,643.22 $0.00 $3,153.44 $562,518.42
192 $562,518.42 $1,643.22 $0.00 $3,180.56 $567,342.20
193 $567,342.20 $1,643.22 $0.00 $3,207.84 $572,193.26
194 $572,193.26 $1,643.22 $0.00 $3,235.26 $577,071.74
195 $577,071.74 $1,643.22 $0.00 $3,262.85 $581,977.81
196 $581,977.81 $1,643.22 $0.00 $3,290.59 $586,911.62
197 $586,911.62 $1,643.22 $0.00 $3,318.48 $591,873.32
198 $591,873.32 $1,643.22 $0.00 $3,346.54 $596,863.08
199 $596,863.08 $1,643.22 $0.00 $3,374.75 $601,881.05
200 $601,881.05 $1,643.22 $0.00 $3,403.12 $606,927.39
201 $606,927.39 $1,643.22 $0.00 $3,431.66 $612,002.27
202 $612,002.27 $1,643.22 $0.00 $3,460.35 $617,105.84
203 $617,105.84 $1,643.22 $0.00 $3,489.21 $622,238.27
204 $622,238.27 $1,643.22 $0.00 $3,518.23 $627,399.72
205 $627,399.72 $1,643.22 $0.00 $3,547.41 $632,590.35
206 $632,590.35 $1,643.22 $0.00 $3,576.76 $637,810.33
207 $637,810.33 $1,643.22 $0.00 $3,606.27 $643,059.82
208 $643,059.82 $1,643.22 $0.00 $3,635.95 $648,338.99
209 $648,338.99 $1,643.22 $0.00 $3,665.80 $653,648.01
210 $653,648.01 $1,643.22 $0.00 $3,695.82 $658,987.05
211 $658,987.05 $1,643.22 $0.00 $3,726.01 $664,356.28
212 $664,356.28 $1,643.22 $0.00 $3,756.37 $669,755.87
213 $669,755.87 $1,643.22 $0.00 $3,786.90 $675,185.99
214 $675,185.99 $1,643.22 $0.00 $3,817.60 $680,646.81
215 $680,646.81 $1,643.22 $0.00 $3,848.48 $686,138.51
216 $686,138.51 $1,643.22 $0.00 $3,879.53 $691,661.26
217 $691,661.26 $1,643.22 $192,649.87 $3,910.75 $504,565.36
218 $504,565.36 $1,643.22 $0.00 $2,852.89 $509,061.47
219 $509,061.47 $1,643.22 $0.00 $2,878.31 $513,583.00
220 $513,583.00 $1,643.22 $0.00 $2,903.87 $518,130.09
221 $518,130.09 $1,643.22 $0.00 $2,929.58 $522,702.89
222 $522,702.89 $1,643.22 $0.00 $2,955.44 $527,301.55
223 $527,301.55 $1,643.22 $0.00 $2,981.44 $531,926.21
224 $531,926.21 $1,643.22 $0.00 $3,007.59 $536,577.02
225 $536,577.02 $1,643.22 $0.00 $3,033.88 $541,254.12
226 $541,254.12 $1,643.22 $0.00 $3,060.33 $545,957.67
227 $545,957.67 $1,643.22 $0.00 $3,086.92 $550,687.81
228 $550,687.81 $1,643.22 $0.00 $3,113.67 $555,444.70
229 $555,444.70 $1,643.22 $202,282.36 $3,140.57 $357,946.13
230 $357,946.13 $1,643.22 $0.00 $2,023.88 $361,613.23
231 $361,613.23 $1,643.22 $0.00 $2,044.61 $365,301.06
232 $365,301.06 $1,643.22 $0.00 $2,065.47 $369,009.75
233 $369,009.75 $1,643.22 $0.00 $2,086.43 $372,739.40
234 $372,739.40 $1,643.22 $0.00 $2,107.52 $376,490.14
235 $376,490.14 $1,643.22 $0.00 $2,128.73 $380,262.09
236 $380,262.09 $1,643.22 $0.00 $2,150.06 $384,055.37
237 $384,055.37 $1,643.22 $0.00 $2,171.50 $387,870.09
238 $387,870.09 $1,643.22 $0.00 $2,193.07 $391,706.38
239 $391,706.38 $1,643.22 $0.00 $2,214.76 $395,564.36
240 $395,564.36 $1,643.22 $0.00 $2,236.58 $399,444.16
241 $399,444.16 $1,643.22 $212,396.48 $2,258.52 $190,949.42
242 $190,949.42 $1,643.22 $0.00 $1,079.66 $193,672.30
243 $193,672.30 $1,643.22 $0.00 $1,095.05 $196,410.57
244 $196,410.57 $1,643.22 $0.00 $1,110.53 $199,164.32
245 $199,164.32 $1,643.22 $0.00 $1,126.10 $201,933.64
246 $201,933.64 $1,643.22 $0.00 $1,141.76 $204,718.62
247 $204,718.62 $1,643.22 $0.00 $1,157.51 $207,519.35
248 $207,519.35 $1,643.22 $0.00 $1,173.34 $210,335.91
249 $210,335.91 $1,643.22 $0.00 $1,189.27 $213,168.40
250 $213,168.40 $1,643.22 $0.00 $1,205.29 $216,016.91
251 $216,016.91 $1,643.22 $0.00 $1,221.39 $218,881.52
252 $218,881.52 $1,643.22 $0.00 $1,237.59 $221,762.33
253 $221,762.33 $0.00 $223,016.31 $1,253.88 ($0.10)