Savings Plan and Future Cost Estimation for Hampshire College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$175,529
Monthly savings required$1,389

How much will it cost to send your child to Hampshire College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $702,116.10 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,389.46 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$67,688.00
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 $1,389.46 $0.00 $0.00 $1,389.46
2 $1,389.46 $1,389.46 $0.00 $7.86 $2,786.78
3 $2,786.78 $1,389.46 $0.00 $15.76 $4,192.00
4 $4,192.00 $1,389.46 $0.00 $23.70 $5,605.16
5 $5,605.16 $1,389.46 $0.00 $31.69 $7,026.31
6 $7,026.31 $1,389.46 $0.00 $39.73 $8,455.50
7 $8,455.50 $1,389.46 $0.00 $47.81 $9,892.77
8 $9,892.77 $1,389.46 $0.00 $55.94 $11,338.17
9 $11,338.17 $1,389.46 $0.00 $64.11 $12,791.74
10 $12,791.74 $1,389.46 $0.00 $72.33 $14,253.53
11 $14,253.53 $1,389.46 $0.00 $80.59 $15,723.58
12 $15,723.58 $1,389.46 $0.00 $88.90 $17,201.94
13 $17,201.94 $1,389.46 $0.00 $97.26 $18,688.66
14 $18,688.66 $1,389.46 $0.00 $105.67 $20,183.79
15 $20,183.79 $1,389.46 $0.00 $114.12 $21,687.37
16 $21,687.37 $1,389.46 $0.00 $122.62 $23,199.45
17 $23,199.45 $1,389.46 $0.00 $131.17 $24,720.08
18 $24,720.08 $1,389.46 $0.00 $139.77 $26,249.31
19 $26,249.31 $1,389.46 $0.00 $148.42 $27,787.19
20 $27,787.19 $1,389.46 $0.00 $157.11 $29,333.76
21 $29,333.76 $1,389.46 $0.00 $165.86 $30,889.08
22 $30,889.08 $1,389.46 $0.00 $174.65 $32,453.19
23 $32,453.19 $1,389.46 $0.00 $183.50 $34,026.15
24 $34,026.15 $1,389.46 $0.00 $192.39 $35,608.00
25 $35,608.00 $1,389.46 $0.00 $201.33 $37,198.79
26 $37,198.79 $1,389.46 $0.00 $210.33 $38,798.58
27 $38,798.58 $1,389.46 $0.00 $219.37 $40,407.41
28 $40,407.41 $1,389.46 $0.00 $228.47 $42,025.34
29 $42,025.34 $1,389.46 $0.00 $237.62 $43,652.42
30 $43,652.42 $1,389.46 $0.00 $246.82 $45,288.70
31 $45,288.70 $1,389.46 $0.00 $256.07 $46,934.23
32 $46,934.23 $1,389.46 $0.00 $265.37 $48,589.06
33 $48,589.06 $1,389.46 $0.00 $274.73 $50,253.25
34 $50,253.25 $1,389.46 $0.00 $284.14 $51,926.85
35 $51,926.85 $1,389.46 $0.00 $293.60 $53,609.91
36 $53,609.91 $1,389.46 $0.00 $303.12 $55,302.49
37 $55,302.49 $1,389.46 $0.00 $312.69 $57,004.64
38 $57,004.64 $1,389.46 $0.00 $322.31 $58,716.41
39 $58,716.41 $1,389.46 $0.00 $331.99 $60,437.86
40 $60,437.86 $1,389.46 $0.00 $341.72 $62,169.04
41 $62,169.04 $1,389.46 $0.00 $351.51 $63,910.01
42 $63,910.01 $1,389.46 $0.00 $361.36 $65,660.83
43 $65,660.83 $1,389.46 $0.00 $371.26 $67,421.55
44 $67,421.55 $1,389.46 $0.00 $381.21 $69,192.22
45 $69,192.22 $1,389.46 $0.00 $391.22 $70,972.90
46 $70,972.90 $1,389.46 $0.00 $401.29 $72,763.65
47 $72,763.65 $1,389.46 $0.00 $411.42 $74,564.53
48 $74,564.53 $1,389.46 $0.00 $421.60 $76,375.59
49 $76,375.59 $1,389.46 $0.00 $431.84 $78,196.89
50 $78,196.89 $1,389.46 $0.00 $442.14 $80,028.49
51 $80,028.49 $1,389.46 $0.00 $452.49 $81,870.44
52 $81,870.44 $1,389.46 $0.00 $462.91 $83,722.81
53 $83,722.81 $1,389.46 $0.00 $473.38 $85,585.65
54 $85,585.65 $1,389.46 $0.00 $483.91 $87,459.02
55 $87,459.02 $1,389.46 $0.00 $494.51 $89,342.99
56 $89,342.99 $1,389.46 $0.00 $505.16 $91,237.61
57 $91,237.61 $1,389.46 $0.00 $515.87 $93,142.94
58 $93,142.94 $1,389.46 $0.00 $526.64 $95,059.04
59 $95,059.04 $1,389.46 $0.00 $537.48 $96,985.98
60 $96,985.98 $1,389.46 $0.00 $548.37 $98,923.81
61 $98,923.81 $1,389.46 $0.00 $559.33 $100,872.60
62 $100,872.60 $1,389.46 $0.00 $570.35 $102,832.41
63 $102,832.41 $1,389.46 $0.00 $581.43 $104,803.30
64 $104,803.30 $1,389.46 $0.00 $592.57 $106,785.33
65 $106,785.33 $1,389.46 $0.00 $603.78 $108,778.57
66 $108,778.57 $1,389.46 $0.00 $615.05 $110,783.08
67 $110,783.08 $1,389.46 $0.00 $626.38 $112,798.92
68 $112,798.92 $1,389.46 $0.00 $637.78 $114,826.16
69 $114,826.16 $1,389.46 $0.00 $649.24 $116,864.86
70 $116,864.86 $1,389.46 $0.00 $660.77 $118,915.09
71 $118,915.09 $1,389.46 $0.00 $672.36 $120,976.91
72 $120,976.91 $1,389.46 $0.00 $684.02 $123,050.39
73 $123,050.39 $1,389.46 $0.00 $695.74 $125,135.59
74 $125,135.59 $1,389.46 $0.00 $707.53 $127,232.58
75 $127,232.58 $1,389.46 $0.00 $719.39 $129,341.43
76 $129,341.43 $1,389.46 $0.00 $731.32 $131,462.21
77 $131,462.21 $1,389.46 $0.00 $743.31 $133,594.98
78 $133,594.98 $1,389.46 $0.00 $755.37 $135,739.81
79 $135,739.81 $1,389.46 $0.00 $767.49 $137,896.76
80 $137,896.76 $1,389.46 $0.00 $779.69 $140,065.91
81 $140,065.91 $1,389.46 $0.00 $791.95 $142,247.32
82 $142,247.32 $1,389.46 $0.00 $804.29 $144,441.07
83 $144,441.07 $1,389.46 $0.00 $816.69 $146,647.22
84 $146,647.22 $1,389.46 $0.00 $829.16 $148,865.84
85 $148,865.84 $1,389.46 $0.00 $841.71 $151,097.01
86 $151,097.01 $1,389.46 $0.00 $854.32 $153,340.79
87 $153,340.79 $1,389.46 $0.00 $867.01 $155,597.26
88 $155,597.26 $1,389.46 $0.00 $879.77 $157,866.49
89 $157,866.49 $1,389.46 $0.00 $892.60 $160,148.55
90 $160,148.55 $1,389.46 $0.00 $905.50 $162,443.51
91 $162,443.51 $1,389.46 $0.00 $918.48 $164,751.45
92 $164,751.45 $1,389.46 $0.00 $931.53 $167,072.44
93 $167,072.44 $1,389.46 $0.00 $944.65 $169,406.55
94 $169,406.55 $1,389.46 $0.00 $957.85 $171,753.86
95 $171,753.86 $1,389.46 $0.00 $971.12 $174,114.44
96 $174,114.44 $1,389.46 $0.00 $984.47 $176,488.37
97 $176,488.37 $1,389.46 $0.00 $997.89 $178,875.72
98 $178,875.72 $1,389.46 $0.00 $1,011.39 $181,276.57
99 $181,276.57 $1,389.46 $0.00 $1,024.96 $183,690.99
100 $183,690.99 $1,389.46 $0.00 $1,038.62 $186,119.07
101 $186,119.07 $1,389.46 $0.00 $1,052.34 $188,560.87
102 $188,560.87 $1,389.46 $0.00 $1,066.15 $191,016.48
103 $191,016.48 $1,389.46 $0.00 $1,080.03 $193,485.97
104 $193,485.97 $1,389.46 $0.00 $1,094.00 $195,969.43
105 $195,969.43 $1,389.46 $0.00 $1,108.04 $198,466.93
106 $198,466.93 $1,389.46 $0.00 $1,122.16 $200,978.55
107 $200,978.55 $1,389.46 $0.00 $1,136.36 $203,504.37
108 $203,504.37 $1,389.46 $0.00 $1,150.64 $206,044.47
109 $206,044.47 $1,389.46 $0.00 $1,165.01 $208,598.94
110 $208,598.94 $1,389.46 $0.00 $1,179.45 $211,167.85
111 $211,167.85 $1,389.46 $0.00 $1,193.97 $213,751.28
112 $213,751.28 $1,389.46 $0.00 $1,208.58 $216,349.32
113 $216,349.32 $1,389.46 $0.00 $1,223.27 $218,962.05
114 $218,962.05 $1,389.46 $0.00 $1,238.04 $221,589.55
115 $221,589.55 $1,389.46 $0.00 $1,252.90 $224,231.91
116 $224,231.91 $1,389.46 $0.00 $1,267.84 $226,889.21
117 $226,889.21 $1,389.46 $0.00 $1,282.86 $229,561.53
118 $229,561.53 $1,389.46 $0.00 $1,297.97 $232,248.96
119 $232,248.96 $1,389.46 $0.00 $1,313.17 $234,951.59
120 $234,951.59 $1,389.46 $0.00 $1,328.45 $237,669.50
121 $237,669.50 $1,389.46 $0.00 $1,343.82 $240,402.78
122 $240,402.78 $1,389.46 $0.00 $1,359.27 $243,151.51
123 $243,151.51 $1,389.46 $0.00 $1,374.81 $245,915.78
124 $245,915.78 $1,389.46 $0.00 $1,390.44 $248,695.68
125 $248,695.68 $1,389.46 $0.00 $1,406.16 $251,491.30
126 $251,491.30 $1,389.46 $0.00 $1,421.97 $254,302.73
127 $254,302.73 $1,389.46 $0.00 $1,437.86 $257,130.05
128 $257,130.05 $1,389.46 $0.00 $1,453.85 $259,973.36
129 $259,973.36 $1,389.46 $0.00 $1,469.93 $262,832.75
130 $262,832.75 $1,389.46 $0.00 $1,486.09 $265,708.30
131 $265,708.30 $1,389.46 $0.00 $1,502.35 $268,600.11
132 $268,600.11 $1,389.46 $0.00 $1,518.70 $271,508.27
133 $271,508.27 $1,389.46 $0.00 $1,535.15 $274,432.88
134 $274,432.88 $1,389.46 $0.00 $1,551.68 $277,374.02
135 $277,374.02 $1,389.46 $0.00 $1,568.31 $280,331.79
136 $280,331.79 $1,389.46 $0.00 $1,585.04 $283,306.29
137 $283,306.29 $1,389.46 $0.00 $1,601.85 $286,297.60
138 $286,297.60 $1,389.46 $0.00 $1,618.77 $289,305.83
139 $289,305.83 $1,389.46 $0.00 $1,635.78 $292,331.07
140 $292,331.07 $1,389.46 $0.00 $1,652.88 $295,373.41
141 $295,373.41 $1,389.46 $0.00 $1,670.08 $298,432.95
142 $298,432.95 $1,389.46 $0.00 $1,687.38 $301,509.79
143 $301,509.79 $1,389.46 $0.00 $1,704.78 $304,604.03
144 $304,604.03 $1,389.46 $0.00 $1,722.28 $307,715.77
145 $307,715.77 $1,389.46 $0.00 $1,739.87 $310,845.10
146 $310,845.10 $1,389.46 $0.00 $1,757.56 $313,992.12
147 $313,992.12 $1,389.46 $0.00 $1,775.36 $317,156.94
148 $317,156.94 $1,389.46 $0.00 $1,793.25 $320,339.65
149 $320,339.65 $1,389.46 $0.00 $1,811.25 $323,540.36
150 $323,540.36 $1,389.46 $0.00 $1,829.34 $326,759.16
151 $326,759.16 $1,389.46 $0.00 $1,847.54 $329,996.16
152 $329,996.16 $1,389.46 $0.00 $1,865.85 $333,251.47
153 $333,251.47 $1,389.46 $0.00 $1,884.25 $336,525.18
154 $336,525.18 $1,389.46 $0.00 $1,902.76 $339,817.40
155 $339,817.40 $1,389.46 $0.00 $1,921.38 $343,128.24
156 $343,128.24 $1,389.46 $0.00 $1,940.10 $346,457.80
157 $346,457.80 $1,389.46 $0.00 $1,958.92 $349,806.18
158 $349,806.18 $1,389.46 $0.00 $1,977.85 $353,173.49
159 $353,173.49 $1,389.46 $0.00 $1,996.89 $356,559.84
160 $356,559.84 $1,389.46 $0.00 $2,016.04 $359,965.34
161 $359,965.34 $1,389.46 $0.00 $2,035.30 $363,390.10
162 $363,390.10 $1,389.46 $0.00 $2,054.66 $366,834.22
163 $366,834.22 $1,389.46 $0.00 $2,074.13 $370,297.81
164 $370,297.81 $1,389.46 $0.00 $2,093.72 $373,780.99
165 $373,780.99 $1,389.46 $0.00 $2,113.41 $377,283.86
166 $377,283.86 $1,389.46 $0.00 $2,133.22 $380,806.54
167 $380,806.54 $1,389.46 $0.00 $2,153.14 $384,349.14
168 $384,349.14 $1,389.46 $0.00 $2,173.17 $387,911.77
169 $387,911.77 $1,389.46 $0.00 $2,193.31 $391,494.54
170 $391,494.54 $1,389.46 $0.00 $2,213.57 $395,097.57
171 $395,097.57 $1,389.46 $0.00 $2,233.94 $398,720.97
172 $398,720.97 $1,389.46 $0.00 $2,254.43 $402,364.86
173 $402,364.86 $1,389.46 $0.00 $2,275.03 $406,029.35
174 $406,029.35 $1,389.46 $0.00 $2,295.75 $409,714.56
175 $409,714.56 $1,389.46 $0.00 $2,316.59 $413,420.61
176 $413,420.61 $1,389.46 $0.00 $2,337.54 $417,147.61
177 $417,147.61 $1,389.46 $0.00 $2,358.61 $420,895.68
178 $420,895.68 $1,389.46 $0.00 $2,379.81 $424,664.95
179 $424,664.95 $1,389.46 $0.00 $2,401.12 $428,455.53
180 $428,455.53 $1,389.46 $0.00 $2,422.55 $432,267.54
181 $432,267.54 $1,389.46 $0.00 $2,444.10 $436,101.10
182 $436,101.10 $1,389.46 $0.00 $2,465.78 $439,956.34
183 $439,956.34 $1,389.46 $0.00 $2,487.58 $443,833.38
184 $443,833.38 $1,389.46 $0.00 $2,509.50 $447,732.34
185 $447,732.34 $1,389.46 $0.00 $2,531.54 $451,653.34
186 $451,653.34 $1,389.46 $0.00 $2,553.71 $455,596.51
187 $455,596.51 $1,389.46 $0.00 $2,576.01 $459,561.98
188 $459,561.98 $1,389.46 $0.00 $2,598.43 $463,549.87
189 $463,549.87 $1,389.46 $0.00 $2,620.98 $467,560.31
190 $467,560.31 $1,389.46 $0.00 $2,643.65 $471,593.42
191 $471,593.42 $1,389.46 $0.00 $2,666.46 $475,649.34
192 $475,649.34 $1,389.46 $0.00 $2,689.39 $479,728.19
193 $479,728.19 $1,389.46 $0.00 $2,712.45 $483,830.10
194 $483,830.10 $1,389.46 $0.00 $2,735.65 $487,955.21
195 $487,955.21 $1,389.46 $0.00 $2,758.97 $492,103.64
196 $492,103.64 $1,389.46 $0.00 $2,782.43 $496,275.53
197 $496,275.53 $1,389.46 $0.00 $2,806.01 $500,471.00
198 $500,471.00 $1,389.46 $0.00 $2,829.74 $504,690.20
199 $504,690.20 $1,389.46 $0.00 $2,853.59 $508,933.25
200 $508,933.25 $1,389.46 $0.00 $2,877.58 $513,200.29
201 $513,200.29 $1,389.46 $0.00 $2,901.71 $517,491.46
202 $517,491.46 $1,389.46 $0.00 $2,925.97 $521,806.89
203 $521,806.89 $1,389.46 $0.00 $2,950.37 $526,146.72
204 $526,146.72 $1,389.46 $0.00 $2,974.91 $530,511.09
205 $530,511.09 $1,389.46 $0.00 $2,999.59 $534,900.14
206 $534,900.14 $1,389.46 $0.00 $3,024.40 $539,314.00
207 $539,314.00 $1,389.46 $0.00 $3,049.36 $543,752.82
208 $543,752.82 $1,389.46 $0.00 $3,074.46 $548,216.74
209 $548,216.74 $1,389.46 $0.00 $3,099.70 $552,705.90
210 $552,705.90 $1,389.46 $0.00 $3,125.08 $557,220.44
211 $557,220.44 $1,389.46 $0.00 $3,150.61 $561,760.51
212 $561,760.51 $1,389.46 $0.00 $3,176.28 $566,326.25
213 $566,326.25 $1,389.46 $0.00 $3,202.09 $570,917.80
214 $570,917.80 $1,389.46 $0.00 $3,228.05 $575,535.31
215 $575,535.31 $1,389.46 $0.00 $3,254.16 $580,178.93
216 $580,178.93 $1,389.46 $0.00 $3,280.42 $584,848.81
217 $584,848.81 $1,389.46 $162,899.24 $3,306.82 $426,645.85
218 $426,645.85 $1,389.46 $0.00 $2,412.32 $430,447.63
219 $430,447.63 $1,389.46 $0.00 $2,433.81 $434,270.90
220 $434,270.90 $1,389.46 $0.00 $2,455.43 $438,115.79
221 $438,115.79 $1,389.46 $0.00 $2,477.17 $441,982.42
222 $441,982.42 $1,389.46 $0.00 $2,499.03 $445,870.91
223 $445,870.91 $1,389.46 $0.00 $2,521.02 $449,781.39
224 $449,781.39 $1,389.46 $0.00 $2,543.13 $453,713.98
225 $453,713.98 $1,389.46 $0.00 $2,565.36 $457,668.80
226 $457,668.80 $1,389.46 $0.00 $2,587.73 $461,645.99
227 $461,645.99 $1,389.46 $0.00 $2,610.21 $465,645.66
228 $465,645.66 $1,389.46 $0.00 $2,632.83 $469,667.95
229 $469,667.95 $1,389.46 $171,044.20 $2,655.57 $302,668.78
230 $302,668.78 $1,389.46 $0.00 $1,711.33 $305,769.57
231 $305,769.57 $1,389.46 $0.00 $1,728.87 $308,887.90
232 $308,887.90 $1,389.46 $0.00 $1,746.50 $312,023.86
233 $312,023.86 $1,389.46 $0.00 $1,764.23 $315,177.55
234 $315,177.55 $1,389.46 $0.00 $1,782.06 $318,349.07
235 $318,349.07 $1,389.46 $0.00 $1,799.99 $321,538.52
236 $321,538.52 $1,389.46 $0.00 $1,818.03 $324,746.01
237 $324,746.01 $1,389.46 $0.00 $1,836.16 $327,971.63
238 $327,971.63 $1,389.46 $0.00 $1,854.40 $331,215.49
239 $331,215.49 $1,389.46 $0.00 $1,872.74 $334,477.69
240 $334,477.69 $1,389.46 $0.00 $1,891.19 $337,758.34
241 $337,758.34 $1,389.46 $179,596.42 $1,909.73 $161,461.11
242 $161,461.11 $1,389.46 $0.00 $912.92 $163,763.49
243 $163,763.49 $1,389.46 $0.00 $925.94 $166,078.89
244 $166,078.89 $1,389.46 $0.00 $939.03 $168,407.38
245 $168,407.38 $1,389.46 $0.00 $952.20 $170,749.04
246 $170,749.04 $1,389.46 $0.00 $965.44 $173,103.94
247 $173,103.94 $1,389.46 $0.00 $978.75 $175,472.15
248 $175,472.15 $1,389.46 $0.00 $992.15 $177,853.76
249 $177,853.76 $1,389.46 $0.00 $1,005.61 $180,248.83
250 $180,248.83 $1,389.46 $0.00 $1,019.15 $182,657.44
251 $182,657.44 $1,389.46 $0.00 $1,032.77 $185,079.67
252 $185,079.67 $1,389.46 $0.00 $1,046.47 $187,515.60
253 $187,515.60 $0.00 $188,576.24 $1,060.24 ($0.40)