Savings Plan and Future Cost Estimation for Franklin Pierce University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$232,435
Monthly savings required$1,837

How much will it cost to send your child to Franklin Pierce University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $929,740.51 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,837.00 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$61,955.00
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 $1,837.00 $0.00 $0.00 $1,837.00
2 $1,837.00 $1,837.00 $0.00 $10.39 $3,684.39
3 $3,684.39 $1,837.00 $0.00 $20.83 $5,542.22
4 $5,542.22 $1,837.00 $0.00 $31.34 $7,410.56
5 $7,410.56 $1,837.00 $0.00 $41.90 $9,289.46
6 $9,289.46 $1,837.00 $0.00 $52.52 $11,178.98
7 $11,178.98 $1,837.00 $0.00 $63.21 $13,079.19
8 $13,079.19 $1,837.00 $0.00 $73.95 $14,990.14
9 $14,990.14 $1,837.00 $0.00 $84.76 $16,911.90
10 $16,911.90 $1,837.00 $0.00 $95.62 $18,844.52
11 $18,844.52 $1,837.00 $0.00 $106.55 $20,788.07
12 $20,788.07 $1,837.00 $0.00 $117.54 $22,742.61
13 $22,742.61 $1,837.00 $0.00 $128.59 $24,708.20
14 $24,708.20 $1,837.00 $0.00 $139.70 $26,684.90
15 $26,684.90 $1,837.00 $0.00 $150.88 $28,672.78
16 $28,672.78 $1,837.00 $0.00 $162.12 $30,671.90
17 $30,671.90 $1,837.00 $0.00 $173.42 $32,682.32
18 $32,682.32 $1,837.00 $0.00 $184.79 $34,704.11
19 $34,704.11 $1,837.00 $0.00 $196.22 $36,737.33
20 $36,737.33 $1,837.00 $0.00 $207.72 $38,782.05
21 $38,782.05 $1,837.00 $0.00 $219.28 $40,838.33
22 $40,838.33 $1,837.00 $0.00 $230.91 $42,906.24
23 $42,906.24 $1,837.00 $0.00 $242.60 $44,985.84
24 $44,985.84 $1,837.00 $0.00 $254.36 $47,077.20
25 $47,077.20 $1,837.00 $0.00 $266.18 $49,180.38
26 $49,180.38 $1,837.00 $0.00 $278.07 $51,295.45
27 $51,295.45 $1,837.00 $0.00 $290.03 $53,422.48
28 $53,422.48 $1,837.00 $0.00 $302.06 $55,561.54
29 $55,561.54 $1,837.00 $0.00 $314.15 $57,712.69
30 $57,712.69 $1,837.00 $0.00 $326.32 $59,876.01
31 $59,876.01 $1,837.00 $0.00 $338.55 $62,051.56
32 $62,051.56 $1,837.00 $0.00 $350.85 $64,239.41
33 $64,239.41 $1,837.00 $0.00 $363.22 $66,439.63
34 $66,439.63 $1,837.00 $0.00 $375.66 $68,652.29
35 $68,652.29 $1,837.00 $0.00 $388.17 $70,877.46
36 $70,877.46 $1,837.00 $0.00 $400.75 $73,115.21
37 $73,115.21 $1,837.00 $0.00 $413.40 $75,365.61
38 $75,365.61 $1,837.00 $0.00 $426.13 $77,628.74
39 $77,628.74 $1,837.00 $0.00 $438.92 $79,904.66
40 $79,904.66 $1,837.00 $0.00 $451.79 $82,193.45
41 $82,193.45 $1,837.00 $0.00 $464.73 $84,495.18
42 $84,495.18 $1,837.00 $0.00 $477.75 $86,809.93
43 $86,809.93 $1,837.00 $0.00 $490.84 $89,137.77
44 $89,137.77 $1,837.00 $0.00 $504.00 $91,478.77
45 $91,478.77 $1,837.00 $0.00 $517.23 $93,833.00
46 $93,833.00 $1,837.00 $0.00 $530.55 $96,200.55
47 $96,200.55 $1,837.00 $0.00 $543.93 $98,581.48
48 $98,581.48 $1,837.00 $0.00 $557.39 $100,975.87
49 $100,975.87 $1,837.00 $0.00 $570.93 $103,383.80
50 $103,383.80 $1,837.00 $0.00 $584.55 $105,805.35
51 $105,805.35 $1,837.00 $0.00 $598.24 $108,240.59
52 $108,240.59 $1,837.00 $0.00 $612.01 $110,689.60
53 $110,689.60 $1,837.00 $0.00 $625.86 $113,152.46
54 $113,152.46 $1,837.00 $0.00 $639.78 $115,629.24
55 $115,629.24 $1,837.00 $0.00 $653.78 $118,120.02
56 $118,120.02 $1,837.00 $0.00 $667.87 $120,624.89
57 $120,624.89 $1,837.00 $0.00 $682.03 $123,143.92
58 $123,143.92 $1,837.00 $0.00 $696.27 $125,677.19
59 $125,677.19 $1,837.00 $0.00 $710.60 $128,224.79
60 $128,224.79 $1,837.00 $0.00 $725.00 $130,786.79
61 $130,786.79 $1,837.00 $0.00 $739.49 $133,363.28
62 $133,363.28 $1,837.00 $0.00 $754.06 $135,954.34
63 $135,954.34 $1,837.00 $0.00 $768.71 $138,560.05
64 $138,560.05 $1,837.00 $0.00 $783.44 $141,180.49
65 $141,180.49 $1,837.00 $0.00 $798.26 $143,815.75
66 $143,815.75 $1,837.00 $0.00 $813.16 $146,465.91
67 $146,465.91 $1,837.00 $0.00 $828.14 $149,131.05
68 $149,131.05 $1,837.00 $0.00 $843.21 $151,811.26
69 $151,811.26 $1,837.00 $0.00 $858.36 $154,506.62
70 $154,506.62 $1,837.00 $0.00 $873.60 $157,217.22
71 $157,217.22 $1,837.00 $0.00 $888.93 $159,943.15
72 $159,943.15 $1,837.00 $0.00 $904.34 $162,684.49
73 $162,684.49 $1,837.00 $0.00 $919.84 $165,441.33
74 $165,441.33 $1,837.00 $0.00 $935.43 $168,213.76
75 $168,213.76 $1,837.00 $0.00 $951.11 $171,001.87
76 $171,001.87 $1,837.00 $0.00 $966.87 $173,805.74
77 $173,805.74 $1,837.00 $0.00 $982.72 $176,625.46
78 $176,625.46 $1,837.00 $0.00 $998.67 $179,461.13
79 $179,461.13 $1,837.00 $0.00 $1,014.70 $182,312.83
80 $182,312.83 $1,837.00 $0.00 $1,030.82 $185,180.65
81 $185,180.65 $1,837.00 $0.00 $1,047.04 $188,064.69
82 $188,064.69 $1,837.00 $0.00 $1,063.35 $190,965.04
83 $190,965.04 $1,837.00 $0.00 $1,079.74 $193,881.78
84 $193,881.78 $1,837.00 $0.00 $1,096.24 $196,815.02
85 $196,815.02 $1,837.00 $0.00 $1,112.82 $199,764.84
86 $199,764.84 $1,837.00 $0.00 $1,129.50 $202,731.34
87 $202,731.34 $1,837.00 $0.00 $1,146.27 $205,714.61
88 $205,714.61 $1,837.00 $0.00 $1,163.14 $208,714.75
89 $208,714.75 $1,837.00 $0.00 $1,180.10 $211,731.85
90 $211,731.85 $1,837.00 $0.00 $1,197.16 $214,766.01
91 $214,766.01 $1,837.00 $0.00 $1,214.32 $217,817.33
92 $217,817.33 $1,837.00 $0.00 $1,231.57 $220,885.90
93 $220,885.90 $1,837.00 $0.00 $1,248.92 $223,971.82
94 $223,971.82 $1,837.00 $0.00 $1,266.37 $227,075.19
95 $227,075.19 $1,837.00 $0.00 $1,283.92 $230,196.11
96 $230,196.11 $1,837.00 $0.00 $1,301.56 $233,334.67
97 $233,334.67 $1,837.00 $0.00 $1,319.31 $236,490.98
98 $236,490.98 $1,837.00 $0.00 $1,337.15 $239,665.13
99 $239,665.13 $1,837.00 $0.00 $1,355.10 $242,857.23
100 $242,857.23 $1,837.00 $0.00 $1,373.15 $246,067.38
101 $246,067.38 $1,837.00 $0.00 $1,391.30 $249,295.68
102 $249,295.68 $1,837.00 $0.00 $1,409.55 $252,542.23
103 $252,542.23 $1,837.00 $0.00 $1,427.91 $255,807.14
104 $255,807.14 $1,837.00 $0.00 $1,446.37 $259,090.51
105 $259,090.51 $1,837.00 $0.00 $1,464.94 $262,392.45
106 $262,392.45 $1,837.00 $0.00 $1,483.61 $265,713.06
107 $265,713.06 $1,837.00 $0.00 $1,502.38 $269,052.44
108 $269,052.44 $1,837.00 $0.00 $1,521.26 $272,410.70
109 $272,410.70 $1,837.00 $0.00 $1,540.25 $275,787.95
110 $275,787.95 $1,837.00 $0.00 $1,559.35 $279,184.30
111 $279,184.30 $1,837.00 $0.00 $1,578.55 $282,599.85
112 $282,599.85 $1,837.00 $0.00 $1,597.86 $286,034.71
113 $286,034.71 $1,837.00 $0.00 $1,617.28 $289,488.99
114 $289,488.99 $1,837.00 $0.00 $1,636.81 $292,962.80
115 $292,962.80 $1,837.00 $0.00 $1,656.45 $296,456.25
116 $296,456.25 $1,837.00 $0.00 $1,676.21 $299,969.46
117 $299,969.46 $1,837.00 $0.00 $1,696.07 $303,502.53
118 $303,502.53 $1,837.00 $0.00 $1,716.05 $307,055.58
119 $307,055.58 $1,837.00 $0.00 $1,736.14 $310,628.72
120 $310,628.72 $1,837.00 $0.00 $1,756.34 $314,222.06
121 $314,222.06 $1,837.00 $0.00 $1,776.66 $317,835.72
122 $317,835.72 $1,837.00 $0.00 $1,797.09 $321,469.81
123 $321,469.81 $1,837.00 $0.00 $1,817.64 $325,124.45
124 $325,124.45 $1,837.00 $0.00 $1,838.30 $328,799.75
125 $328,799.75 $1,837.00 $0.00 $1,859.08 $332,495.83
126 $332,495.83 $1,837.00 $0.00 $1,879.98 $336,212.81
127 $336,212.81 $1,837.00 $0.00 $1,901.00 $339,950.81
128 $339,950.81 $1,837.00 $0.00 $1,922.13 $343,709.94
129 $343,709.94 $1,837.00 $0.00 $1,943.39 $347,490.33
130 $347,490.33 $1,837.00 $0.00 $1,964.76 $351,292.09
131 $351,292.09 $1,837.00 $0.00 $1,986.26 $355,115.35
132 $355,115.35 $1,837.00 $0.00 $2,007.87 $358,960.22
133 $358,960.22 $1,837.00 $0.00 $2,029.61 $362,826.83
134 $362,826.83 $1,837.00 $0.00 $2,051.48 $366,715.31
135 $366,715.31 $1,837.00 $0.00 $2,073.46 $370,625.77
136 $370,625.77 $1,837.00 $0.00 $2,095.57 $374,558.34
137 $374,558.34 $1,837.00 $0.00 $2,117.81 $378,513.15
138 $378,513.15 $1,837.00 $0.00 $2,140.17 $382,490.32
139 $382,490.32 $1,837.00 $0.00 $2,162.66 $386,489.98
140 $386,489.98 $1,837.00 $0.00 $2,185.27 $390,512.25
141 $390,512.25 $1,837.00 $0.00 $2,208.01 $394,557.26
142 $394,557.26 $1,837.00 $0.00 $2,230.88 $398,625.14
143 $398,625.14 $1,837.00 $0.00 $2,253.88 $402,716.02
144 $402,716.02 $1,837.00 $0.00 $2,277.01 $406,830.03
145 $406,830.03 $1,837.00 $0.00 $2,300.28 $410,967.31
146 $410,967.31 $1,837.00 $0.00 $2,323.67 $415,127.98
147 $415,127.98 $1,837.00 $0.00 $2,347.19 $419,312.17
148 $419,312.17 $1,837.00 $0.00 $2,370.85 $423,520.02
149 $423,520.02 $1,837.00 $0.00 $2,394.64 $427,751.66
150 $427,751.66 $1,837.00 $0.00 $2,418.57 $432,007.23
151 $432,007.23 $1,837.00 $0.00 $2,442.63 $436,286.86
152 $436,286.86 $1,837.00 $0.00 $2,466.83 $440,590.69
153 $440,590.69 $1,837.00 $0.00 $2,491.16 $444,918.85
154 $444,918.85 $1,837.00 $0.00 $2,515.64 $449,271.49
155 $449,271.49 $1,837.00 $0.00 $2,540.25 $453,648.74
156 $453,648.74 $1,837.00 $0.00 $2,565.00 $458,050.74
157 $458,050.74 $1,837.00 $0.00 $2,589.89 $462,477.63
158 $462,477.63 $1,837.00 $0.00 $2,614.92 $466,929.55
159 $466,929.55 $1,837.00 $0.00 $2,640.09 $471,406.64
160 $471,406.64 $1,837.00 $0.00 $2,665.40 $475,909.04
161 $475,909.04 $1,837.00 $0.00 $2,690.86 $480,436.90
162 $480,436.90 $1,837.00 $0.00 $2,716.46 $484,990.36
163 $484,990.36 $1,837.00 $0.00 $2,742.21 $489,569.57
164 $489,569.57 $1,837.00 $0.00 $2,768.10 $494,174.67
165 $494,174.67 $1,837.00 $0.00 $2,794.14 $498,805.81
166 $498,805.81 $1,837.00 $0.00 $2,820.32 $503,463.13
167 $503,463.13 $1,837.00 $0.00 $2,846.65 $508,146.78
168 $508,146.78 $1,837.00 $0.00 $2,873.14 $512,856.92
169 $512,856.92 $1,837.00 $0.00 $2,899.77 $517,593.69
170 $517,593.69 $1,837.00 $0.00 $2,926.55 $522,357.24
171 $522,357.24 $1,837.00 $0.00 $2,953.48 $527,147.72
172 $527,147.72 $1,837.00 $0.00 $2,980.57 $531,965.29
173 $531,965.29 $1,837.00 $0.00 $3,007.81 $536,810.10
174 $536,810.10 $1,837.00 $0.00 $3,035.20 $541,682.30
175 $541,682.30 $1,837.00 $0.00 $3,062.75 $546,582.05
176 $546,582.05 $1,837.00 $0.00 $3,090.45 $551,509.50
177 $551,509.50 $1,837.00 $0.00 $3,118.31 $556,464.81
178 $556,464.81 $1,837.00 $0.00 $3,146.33 $561,448.14
179 $561,448.14 $1,837.00 $0.00 $3,174.51 $566,459.65
180 $566,459.65 $1,837.00 $0.00 $3,202.85 $571,499.50
181 $571,499.50 $1,837.00 $0.00 $3,231.34 $576,567.84
182 $576,567.84 $1,837.00 $0.00 $3,260.00 $581,664.84
183 $581,664.84 $1,837.00 $0.00 $3,288.82 $586,790.66
184 $586,790.66 $1,837.00 $0.00 $3,317.80 $591,945.46
185 $591,945.46 $1,837.00 $0.00 $3,346.95 $597,129.41
186 $597,129.41 $1,837.00 $0.00 $3,376.26 $602,342.67
187 $602,342.67 $1,837.00 $0.00 $3,405.73 $607,585.40
188 $607,585.40 $1,837.00 $0.00 $3,435.38 $612,857.78
189 $612,857.78 $1,837.00 $0.00 $3,465.19 $618,159.97
190 $618,159.97 $1,837.00 $0.00 $3,495.17 $623,492.14
191 $623,492.14 $1,837.00 $0.00 $3,525.32 $628,854.46
192 $628,854.46 $1,837.00 $0.00 $3,555.63 $634,247.09
193 $634,247.09 $1,837.00 $0.00 $3,586.13 $639,670.22
194 $639,670.22 $1,837.00 $0.00 $3,616.79 $645,124.01
195 $645,124.01 $1,837.00 $0.00 $3,647.62 $650,608.63
196 $650,608.63 $1,837.00 $0.00 $3,678.64 $656,124.27
197 $656,124.27 $1,837.00 $0.00 $3,709.82 $661,671.09
198 $661,671.09 $1,837.00 $0.00 $3,741.18 $667,249.27
199 $667,249.27 $1,837.00 $0.00 $3,772.72 $672,858.99
200 $672,858.99 $1,837.00 $0.00 $3,804.44 $678,500.43
201 $678,500.43 $1,837.00 $0.00 $3,836.34 $684,173.77
202 $684,173.77 $1,837.00 $0.00 $3,868.42 $689,879.19
203 $689,879.19 $1,837.00 $0.00 $3,900.68 $695,616.87
204 $695,616.87 $1,837.00 $0.00 $3,933.12 $701,386.99
205 $701,386.99 $1,837.00 $0.00 $3,965.74 $707,189.73
206 $707,189.73 $1,837.00 $0.00 $3,998.55 $713,025.28
207 $713,025.28 $1,837.00 $0.00 $4,031.55 $718,893.83
208 $718,893.83 $1,837.00 $0.00 $4,064.73 $724,795.56
209 $724,795.56 $1,837.00 $0.00 $4,098.10 $730,730.66
210 $730,730.66 $1,837.00 $0.00 $4,131.66 $736,699.32
211 $736,699.32 $1,837.00 $0.00 $4,165.41 $742,701.73
212 $742,701.73 $1,837.00 $0.00 $4,199.34 $748,738.07
213 $748,738.07 $1,837.00 $0.00 $4,233.47 $754,808.54
214 $754,808.54 $1,837.00 $0.00 $4,267.80 $760,913.34
215 $760,913.34 $1,837.00 $0.00 $4,302.31 $767,052.65
216 $767,052.65 $1,837.00 $0.00 $4,337.03 $773,226.68
217 $773,226.68 $1,837.00 $209,403.70 $4,371.94 $570,031.92
218 $570,031.92 $1,837.00 $0.00 $3,223.04 $575,091.96
219 $575,091.96 $1,837.00 $0.00 $3,251.65 $580,180.61
220 $580,180.61 $1,837.00 $0.00 $3,280.43 $585,298.04
221 $585,298.04 $1,837.00 $0.00 $3,309.36 $590,444.40
222 $590,444.40 $1,837.00 $0.00 $3,338.46 $595,619.86
223 $595,619.86 $1,837.00 $0.00 $3,367.72 $600,824.58
224 $600,824.58 $1,837.00 $0.00 $3,397.15 $606,058.73
225 $606,058.73 $1,837.00 $0.00 $3,426.74 $611,322.47
226 $611,322.47 $1,837.00 $0.00 $3,456.51 $616,615.98
227 $616,615.98 $1,837.00 $0.00 $3,486.44 $621,939.42
228 $621,939.42 $1,837.00 $0.00 $3,516.54 $627,292.96
229 $627,292.96 $1,837.00 $224,061.96 $3,546.81 $408,614.81
230 $408,614.81 $1,837.00 $0.00 $2,310.37 $412,762.18
231 $412,762.18 $1,837.00 $0.00 $2,333.82 $416,933.00
232 $416,933.00 $1,837.00 $0.00 $2,357.40 $421,127.40
233 $421,127.40 $1,837.00 $0.00 $2,381.12 $425,345.52
234 $425,345.52 $1,837.00 $0.00 $2,404.97 $429,587.49
235 $429,587.49 $1,837.00 $0.00 $2,428.95 $433,853.44
236 $433,853.44 $1,837.00 $0.00 $2,453.07 $438,143.51
237 $438,143.51 $1,837.00 $0.00 $2,477.33 $442,457.84
238 $442,457.84 $1,837.00 $0.00 $2,501.72 $446,796.56
239 $446,796.56 $1,837.00 $0.00 $2,526.25 $451,159.81
240 $451,159.81 $1,837.00 $0.00 $2,550.92 $455,547.73
241 $455,547.73 $1,837.00 $239,746.30 $2,575.73 $220,214.16
242 $220,214.16 $1,837.00 $0.00 $1,245.12 $223,296.28
243 $223,296.28 $1,837.00 $0.00 $1,262.55 $226,395.83
244 $226,395.83 $1,837.00 $0.00 $1,280.07 $229,512.90
245 $229,512.90 $1,837.00 $0.00 $1,297.70 $232,647.60
246 $232,647.60 $1,837.00 $0.00 $1,315.42 $235,800.02
247 $235,800.02 $1,837.00 $0.00 $1,333.25 $238,970.27
248 $238,970.27 $1,837.00 $0.00 $1,351.17 $242,158.44
249 $242,158.44 $1,837.00 $0.00 $1,369.20 $245,364.64
250 $245,364.64 $1,837.00 $0.00 $1,387.33 $248,588.97
251 $248,588.97 $1,837.00 $0.00 $1,405.56 $251,831.53
252 $251,831.53 $1,837.00 $0.00 $1,423.89 $255,092.42
253 $255,092.42 $0.00 $256,528.54 $1,442.33 $6.21