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 2040$206,419
Monthly savings required$1,634

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 $825,677.25 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,633.99 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$79,600.00
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 $1,633.99 $0.00 $0.00 $1,633.99
2 $1,633.99 $1,633.99 $0.00 $9.24 $3,277.22
3 $3,277.22 $1,633.99 $0.00 $18.53 $4,929.74
4 $4,929.74 $1,633.99 $0.00 $27.87 $6,591.60
5 $6,591.60 $1,633.99 $0.00 $37.27 $8,262.86
6 $8,262.86 $1,633.99 $0.00 $46.72 $9,943.57
7 $9,943.57 $1,633.99 $0.00 $56.22 $11,633.78
8 $11,633.78 $1,633.99 $0.00 $65.78 $13,333.55
9 $13,333.55 $1,633.99 $0.00 $75.39 $15,042.93
10 $15,042.93 $1,633.99 $0.00 $85.05 $16,761.97
11 $16,761.97 $1,633.99 $0.00 $94.77 $18,490.73
12 $18,490.73 $1,633.99 $0.00 $104.55 $20,229.27
13 $20,229.27 $1,633.99 $0.00 $114.38 $21,977.64
14 $21,977.64 $1,633.99 $0.00 $124.26 $23,735.89
15 $23,735.89 $1,633.99 $0.00 $134.21 $25,504.09
16 $25,504.09 $1,633.99 $0.00 $144.20 $27,282.28
17 $27,282.28 $1,633.99 $0.00 $154.26 $29,070.53
18 $29,070.53 $1,633.99 $0.00 $164.37 $30,868.89
19 $30,868.89 $1,633.99 $0.00 $174.54 $32,677.42
20 $32,677.42 $1,633.99 $0.00 $184.76 $34,496.17
21 $34,496.17 $1,633.99 $0.00 $195.05 $36,325.21
22 $36,325.21 $1,633.99 $0.00 $205.39 $38,164.59
23 $38,164.59 $1,633.99 $0.00 $215.79 $40,014.37
24 $40,014.37 $1,633.99 $0.00 $226.25 $41,874.61
25 $41,874.61 $1,633.99 $0.00 $236.77 $43,745.37
26 $43,745.37 $1,633.99 $0.00 $247.34 $45,626.70
27 $45,626.70 $1,633.99 $0.00 $257.98 $47,518.67
28 $47,518.67 $1,633.99 $0.00 $268.68 $49,421.34
29 $49,421.34 $1,633.99 $0.00 $279.44 $51,334.77
30 $51,334.77 $1,633.99 $0.00 $290.25 $53,259.01
31 $53,259.01 $1,633.99 $0.00 $301.13 $55,194.13
32 $55,194.13 $1,633.99 $0.00 $312.08 $57,140.20
33 $57,140.20 $1,633.99 $0.00 $323.08 $59,097.27
34 $59,097.27 $1,633.99 $0.00 $334.14 $61,065.40
35 $61,065.40 $1,633.99 $0.00 $345.27 $63,044.66
36 $63,044.66 $1,633.99 $0.00 $356.46 $65,035.11
37 $65,035.11 $1,633.99 $0.00 $367.72 $67,036.82
38 $67,036.82 $1,633.99 $0.00 $379.04 $69,049.85
39 $69,049.85 $1,633.99 $0.00 $390.42 $71,074.26
40 $71,074.26 $1,633.99 $0.00 $401.86 $73,110.11
41 $73,110.11 $1,633.99 $0.00 $413.38 $75,157.48
42 $75,157.48 $1,633.99 $0.00 $424.95 $77,216.42
43 $77,216.42 $1,633.99 $0.00 $436.59 $79,287.00
44 $79,287.00 $1,633.99 $0.00 $448.30 $81,369.29
45 $81,369.29 $1,633.99 $0.00 $460.07 $83,463.35
46 $83,463.35 $1,633.99 $0.00 $471.91 $85,569.25
47 $85,569.25 $1,633.99 $0.00 $483.82 $87,687.06
48 $87,687.06 $1,633.99 $0.00 $495.80 $89,816.85
49 $89,816.85 $1,633.99 $0.00 $507.84 $91,958.68
50 $91,958.68 $1,633.99 $0.00 $519.95 $94,112.62
51 $94,112.62 $1,633.99 $0.00 $532.13 $96,278.74
52 $96,278.74 $1,633.99 $0.00 $544.37 $98,457.10
53 $98,457.10 $1,633.99 $0.00 $556.69 $100,647.78
54 $100,647.78 $1,633.99 $0.00 $569.08 $102,850.85
55 $102,850.85 $1,633.99 $0.00 $581.53 $105,066.37
56 $105,066.37 $1,633.99 $0.00 $594.06 $107,294.42
57 $107,294.42 $1,633.99 $0.00 $606.66 $109,535.07
58 $109,535.07 $1,633.99 $0.00 $619.33 $111,788.39
59 $111,788.39 $1,633.99 $0.00 $632.07 $114,054.45
60 $114,054.45 $1,633.99 $0.00 $644.88 $116,333.32
61 $116,333.32 $1,633.99 $0.00 $657.77 $118,625.08
62 $118,625.08 $1,633.99 $0.00 $670.72 $120,929.79
63 $120,929.79 $1,633.99 $0.00 $683.75 $123,247.53
64 $123,247.53 $1,633.99 $0.00 $696.86 $125,578.38
65 $125,578.38 $1,633.99 $0.00 $710.04 $127,922.41
66 $127,922.41 $1,633.99 $0.00 $723.29 $130,279.69
67 $130,279.69 $1,633.99 $0.00 $736.62 $132,650.30
68 $132,650.30 $1,633.99 $0.00 $750.02 $135,034.31
69 $135,034.31 $1,633.99 $0.00 $763.50 $137,431.80
70 $137,431.80 $1,633.99 $0.00 $777.06 $139,842.85
71 $139,842.85 $1,633.99 $0.00 $790.69 $142,267.53
72 $142,267.53 $1,633.99 $0.00 $804.40 $144,705.92
73 $144,705.92 $1,633.99 $0.00 $818.19 $147,158.10
74 $147,158.10 $1,633.99 $0.00 $832.05 $149,624.14
75 $149,624.14 $1,633.99 $0.00 $846.00 $152,104.13
76 $152,104.13 $1,633.99 $0.00 $860.02 $154,598.14
77 $154,598.14 $1,633.99 $0.00 $874.12 $157,106.25
78 $157,106.25 $1,633.99 $0.00 $888.30 $159,628.54
79 $159,628.54 $1,633.99 $0.00 $902.56 $162,165.09
80 $162,165.09 $1,633.99 $0.00 $916.90 $164,715.98
81 $164,715.98 $1,633.99 $0.00 $931.33 $167,281.30
82 $167,281.30 $1,633.99 $0.00 $945.83 $169,861.12
83 $169,861.12 $1,633.99 $0.00 $960.42 $172,455.53
84 $172,455.53 $1,633.99 $0.00 $975.09 $175,064.61
85 $175,064.61 $1,633.99 $0.00 $989.84 $177,688.44
86 $177,688.44 $1,633.99 $0.00 $1,004.68 $180,327.11
87 $180,327.11 $1,633.99 $0.00 $1,019.60 $182,980.70
88 $182,980.70 $1,633.99 $0.00 $1,034.60 $185,649.29
89 $185,649.29 $1,633.99 $0.00 $1,049.69 $188,332.97
90 $188,332.97 $1,633.99 $0.00 $1,064.86 $191,031.82
91 $191,031.82 $1,633.99 $0.00 $1,080.12 $193,745.93
92 $193,745.93 $1,633.99 $0.00 $1,095.47 $196,475.39
93 $196,475.39 $1,633.99 $0.00 $1,110.90 $199,220.28
94 $199,220.28 $1,633.99 $0.00 $1,126.42 $201,980.69
95 $201,980.69 $1,633.99 $0.00 $1,142.03 $204,756.71
96 $204,756.71 $1,633.99 $0.00 $1,157.72 $207,548.42
97 $207,548.42 $1,633.99 $0.00 $1,173.51 $210,355.92
98 $210,355.92 $1,633.99 $0.00 $1,189.38 $213,179.29
99 $213,179.29 $1,633.99 $0.00 $1,205.35 $216,018.63
100 $216,018.63 $1,633.99 $0.00 $1,221.40 $218,874.02
101 $218,874.02 $1,633.99 $0.00 $1,237.55 $221,745.56
102 $221,745.56 $1,633.99 $0.00 $1,253.78 $224,633.33
103 $224,633.33 $1,633.99 $0.00 $1,270.11 $227,537.43
104 $227,537.43 $1,633.99 $0.00 $1,286.53 $230,457.95
105 $230,457.95 $1,633.99 $0.00 $1,303.04 $233,394.98
106 $233,394.98 $1,633.99 $0.00 $1,319.65 $236,348.62
107 $236,348.62 $1,633.99 $0.00 $1,336.35 $239,318.96
108 $239,318.96 $1,633.99 $0.00 $1,353.14 $242,306.09
109 $242,306.09 $1,633.99 $0.00 $1,370.03 $245,310.11
110 $245,310.11 $1,633.99 $0.00 $1,387.02 $248,331.12
111 $248,331.12 $1,633.99 $0.00 $1,404.10 $251,369.21
112 $251,369.21 $1,633.99 $0.00 $1,421.28 $254,424.48
113 $254,424.48 $1,633.99 $0.00 $1,438.55 $257,497.02
114 $257,497.02 $1,633.99 $0.00 $1,455.93 $260,586.94
115 $260,586.94 $1,633.99 $0.00 $1,473.40 $263,694.33
116 $263,694.33 $1,633.99 $0.00 $1,490.97 $266,819.29
117 $266,819.29 $1,633.99 $0.00 $1,508.64 $269,961.92
118 $269,961.92 $1,633.99 $0.00 $1,526.40 $273,122.31
119 $273,122.31 $1,633.99 $0.00 $1,544.27 $276,300.57
120 $276,300.57 $1,633.99 $0.00 $1,562.24 $279,496.80
121 $279,496.80 $1,633.99 $0.00 $1,580.32 $282,711.11
122 $282,711.11 $1,633.99 $0.00 $1,598.49 $285,943.59
123 $285,943.59 $1,633.99 $0.00 $1,616.77 $289,194.35
124 $289,194.35 $1,633.99 $0.00 $1,635.15 $292,463.49
125 $292,463.49 $1,633.99 $0.00 $1,653.63 $295,751.11
126 $295,751.11 $1,633.99 $0.00 $1,672.22 $299,057.32
127 $299,057.32 $1,633.99 $0.00 $1,690.91 $302,382.22
128 $302,382.22 $1,633.99 $0.00 $1,709.71 $305,725.92
129 $305,725.92 $1,633.99 $0.00 $1,728.62 $309,088.53
130 $309,088.53 $1,633.99 $0.00 $1,747.63 $312,470.15
131 $312,470.15 $1,633.99 $0.00 $1,766.75 $315,870.89
132 $315,870.89 $1,633.99 $0.00 $1,785.98 $319,290.86
133 $319,290.86 $1,633.99 $0.00 $1,805.32 $322,730.17
134 $322,730.17 $1,633.99 $0.00 $1,824.76 $326,188.92
135 $326,188.92 $1,633.99 $0.00 $1,844.32 $329,667.23
136 $329,667.23 $1,633.99 $0.00 $1,863.99 $333,165.21
137 $333,165.21 $1,633.99 $0.00 $1,883.76 $336,682.96
138 $336,682.96 $1,633.99 $0.00 $1,903.65 $340,220.60
139 $340,220.60 $1,633.99 $0.00 $1,923.66 $343,778.25
140 $343,778.25 $1,633.99 $0.00 $1,943.77 $347,356.01
141 $347,356.01 $1,633.99 $0.00 $1,964.00 $350,954.00
142 $350,954.00 $1,633.99 $0.00 $1,984.34 $354,572.33
143 $354,572.33 $1,633.99 $0.00 $2,004.80 $358,211.12
144 $358,211.12 $1,633.99 $0.00 $2,025.38 $361,870.49
145 $361,870.49 $1,633.99 $0.00 $2,046.07 $365,550.55
146 $365,550.55 $1,633.99 $0.00 $2,066.88 $369,251.42
147 $369,251.42 $1,633.99 $0.00 $2,087.80 $372,973.21
148 $372,973.21 $1,633.99 $0.00 $2,108.84 $376,716.04
149 $376,716.04 $1,633.99 $0.00 $2,130.01 $380,480.04
150 $380,480.04 $1,633.99 $0.00 $2,151.29 $384,265.32
151 $384,265.32 $1,633.99 $0.00 $2,172.69 $388,072.00
152 $388,072.00 $1,633.99 $0.00 $2,194.22 $391,900.21
153 $391,900.21 $1,633.99 $0.00 $2,215.86 $395,750.06
154 $395,750.06 $1,633.99 $0.00 $2,237.63 $399,621.68
155 $399,621.68 $1,633.99 $0.00 $2,259.52 $403,515.19
156 $403,515.19 $1,633.99 $0.00 $2,281.53 $407,430.71
157 $407,430.71 $1,633.99 $0.00 $2,303.67 $411,368.37
158 $411,368.37 $1,633.99 $0.00 $2,325.94 $415,328.30
159 $415,328.30 $1,633.99 $0.00 $2,348.33 $419,310.62
160 $419,310.62 $1,633.99 $0.00 $2,370.84 $423,315.45
161 $423,315.45 $1,633.99 $0.00 $2,393.49 $427,342.93
162 $427,342.93 $1,633.99 $0.00 $2,416.26 $431,393.18
163 $431,393.18 $1,633.99 $0.00 $2,439.16 $435,466.33
164 $435,466.33 $1,633.99 $0.00 $2,462.19 $439,562.51
165 $439,562.51 $1,633.99 $0.00 $2,485.35 $443,681.85
166 $443,681.85 $1,633.99 $0.00 $2,508.64 $447,824.48
167 $447,824.48 $1,633.99 $0.00 $2,532.06 $451,990.53
168 $451,990.53 $1,633.99 $0.00 $2,555.62 $456,180.14
169 $456,180.14 $1,633.99 $0.00 $2,579.31 $460,393.44
170 $460,393.44 $1,633.99 $0.00 $2,603.13 $464,630.56
171 $464,630.56 $1,633.99 $0.00 $2,627.09 $468,891.64
172 $468,891.64 $1,633.99 $0.00 $2,651.18 $473,176.81
173 $473,176.81 $1,633.99 $0.00 $2,675.41 $477,486.21
174 $477,486.21 $1,633.99 $0.00 $2,699.78 $481,819.98
175 $481,819.98 $1,633.99 $0.00 $2,724.28 $486,178.25
176 $486,178.25 $1,633.99 $0.00 $2,748.92 $490,561.16
177 $490,561.16 $1,633.99 $0.00 $2,773.70 $494,968.85
178 $494,968.85 $1,633.99 $0.00 $2,798.63 $499,401.47
179 $499,401.47 $1,633.99 $0.00 $2,823.69 $503,859.15
180 $503,859.15 $1,633.99 $0.00 $2,848.89 $508,342.03
181 $508,342.03 $1,633.99 $0.00 $2,874.24 $512,850.26
182 $512,850.26 $1,633.99 $0.00 $2,899.73 $517,383.98
183 $517,383.98 $1,633.99 $0.00 $2,925.36 $521,943.33
184 $521,943.33 $1,633.99 $0.00 $2,951.14 $526,528.46
185 $526,528.46 $1,633.99 $0.00 $2,977.07 $531,139.52
186 $531,139.52 $1,633.99 $0.00 $3,003.14 $535,776.65
187 $535,776.65 $1,633.99 $0.00 $3,029.36 $540,440.00
188 $540,440.00 $1,633.99 $0.00 $3,055.73 $545,129.72
189 $545,129.72 $1,633.99 $0.00 $3,082.24 $549,845.95
190 $549,845.95 $1,633.99 $0.00 $3,108.91 $554,588.85
191 $554,588.85 $1,633.99 $0.00 $3,135.73 $559,358.57
192 $559,358.57 $1,633.99 $0.00 $3,162.69 $564,155.25
193 $564,155.25 $1,633.99 $0.00 $3,189.82 $568,979.06
194 $568,979.06 $1,633.99 $0.00 $3,217.09 $573,830.14
195 $573,830.14 $1,633.99 $0.00 $3,244.52 $578,708.65
196 $578,708.65 $1,633.99 $0.00 $3,272.10 $583,614.74
197 $583,614.74 $1,633.99 $0.00 $3,299.84 $588,548.57
198 $588,548.57 $1,633.99 $0.00 $3,327.74 $593,510.30
199 $593,510.30 $1,633.99 $0.00 $3,355.79 $598,500.08
200 $598,500.08 $1,633.99 $0.00 $3,384.01 $603,518.08
201 $603,518.08 $1,633.99 $0.00 $3,412.38 $608,564.45
202 $608,564.45 $1,633.99 $0.00 $3,440.91 $613,639.35
203 $613,639.35 $1,633.99 $0.00 $3,469.61 $618,742.95
204 $618,742.95 $1,633.99 $0.00 $3,498.46 $623,875.40
205 $623,875.40 $1,633.99 $0.00 $3,527.48 $629,036.87
206 $629,036.87 $1,633.99 $0.00 $3,556.67 $634,227.53
207 $634,227.53 $1,633.99 $0.00 $3,586.01 $639,447.53
208 $639,447.53 $1,633.99 $0.00 $3,615.53 $644,697.05
209 $644,697.05 $1,633.99 $0.00 $3,645.21 $649,976.25
210 $649,976.25 $1,633.99 $0.00 $3,675.06 $655,285.30
211 $655,285.30 $1,633.99 $0.00 $3,705.08 $660,624.37
212 $660,624.37 $1,633.99 $0.00 $3,735.27 $665,993.63
213 $665,993.63 $1,633.99 $0.00 $3,765.62 $671,393.24
214 $671,393.24 $1,633.99 $0.00 $3,796.15 $676,823.38
215 $676,823.38 $1,633.99 $0.00 $3,826.86 $682,284.23
216 $682,284.23 $1,633.99 $0.00 $3,857.73 $687,775.95
217 $687,775.95 $1,633.99 $191,566.89 $3,888.79 $501,731.84
218 $501,731.84 $1,633.99 $0.00 $2,836.86 $506,202.69
219 $506,202.69 $1,633.99 $0.00 $2,862.14 $510,698.82
220 $510,698.82 $1,633.99 $0.00 $2,887.57 $515,220.38
221 $515,220.38 $1,633.99 $0.00 $2,913.13 $519,767.50
222 $519,767.50 $1,633.99 $0.00 $2,938.84 $524,340.33
223 $524,340.33 $1,633.99 $0.00 $2,964.70 $528,939.02
224 $528,939.02 $1,633.99 $0.00 $2,990.70 $533,563.71
225 $533,563.71 $1,633.99 $0.00 $3,016.85 $538,214.55
226 $538,214.55 $1,633.99 $0.00 $3,043.14 $542,891.68
227 $542,891.68 $1,633.99 $0.00 $3,069.59 $547,595.26
228 $547,595.26 $1,633.99 $0.00 $3,096.18 $552,325.43
229 $552,325.43 $1,633.99 $201,145.24 $3,122.93 $355,937.11
230 $355,937.11 $1,633.99 $0.00 $2,012.52 $359,583.62
231 $359,583.62 $1,633.99 $0.00 $2,033.14 $363,250.75
232 $363,250.75 $1,633.99 $0.00 $2,053.87 $366,938.61
233 $366,938.61 $1,633.99 $0.00 $2,074.72 $370,647.32
234 $370,647.32 $1,633.99 $0.00 $2,095.69 $374,377.00
235 $374,377.00 $1,633.99 $0.00 $2,116.78 $378,127.77
236 $378,127.77 $1,633.99 $0.00 $2,137.99 $381,899.75
237 $381,899.75 $1,633.99 $0.00 $2,159.32 $385,693.06
238 $385,693.06 $1,633.99 $0.00 $2,180.76 $389,507.81
239 $389,507.81 $1,633.99 $0.00 $2,202.33 $393,344.13
240 $393,344.13 $1,633.99 $0.00 $2,224.02 $397,202.14
241 $397,202.14 $1,633.99 $211,202.50 $2,245.84 $189,879.47
242 $189,879.47 $1,633.99 $0.00 $1,073.61 $192,587.07
243 $192,587.07 $1,633.99 $0.00 $1,088.92 $195,309.98
244 $195,309.98 $1,633.99 $0.00 $1,104.31 $198,048.28
245 $198,048.28 $1,633.99 $0.00 $1,119.79 $200,802.06
246 $200,802.06 $1,633.99 $0.00 $1,135.36 $203,571.41
247 $203,571.41 $1,633.99 $0.00 $1,151.02 $206,356.42
248 $206,356.42 $1,633.99 $0.00 $1,166.77 $209,157.18
249 $209,157.18 $1,633.99 $0.00 $1,182.61 $211,973.78
250 $211,973.78 $1,633.99 $0.00 $1,198.53 $214,806.30
251 $214,806.30 $1,633.99 $0.00 $1,214.55 $217,654.84
252 $217,654.84 $1,633.99 $0.00 $1,230.65 $220,519.48
253 $220,519.48 $0.00 $221,762.62 $1,246.85 $3.71