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 2040$152,050
Monthly savings required$1,204

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 $608,200.50 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,203.61 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$58,634.00
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 $1,203.61 $0.00 $0.00 $1,203.61
2 $1,203.61 $1,203.61 $0.00 $6.81 $2,414.03
3 $2,414.03 $1,203.61 $0.00 $13.65 $3,631.29
4 $3,631.29 $1,203.61 $0.00 $20.53 $4,855.43
5 $4,855.43 $1,203.61 $0.00 $27.45 $6,086.49
6 $6,086.49 $1,203.61 $0.00 $34.41 $7,324.51
7 $7,324.51 $1,203.61 $0.00 $41.41 $8,569.53
8 $8,569.53 $1,203.61 $0.00 $48.45 $9,821.59
9 $9,821.59 $1,203.61 $0.00 $55.53 $11,080.73
10 $11,080.73 $1,203.61 $0.00 $62.65 $12,346.99
11 $12,346.99 $1,203.61 $0.00 $69.81 $13,620.41
12 $13,620.41 $1,203.61 $0.00 $77.01 $14,901.03
13 $14,901.03 $1,203.61 $0.00 $84.25 $16,188.89
14 $16,188.89 $1,203.61 $0.00 $91.53 $17,484.03
15 $17,484.03 $1,203.61 $0.00 $98.86 $18,786.50
16 $18,786.50 $1,203.61 $0.00 $106.22 $20,096.33
17 $20,096.33 $1,203.61 $0.00 $113.63 $21,413.57
18 $21,413.57 $1,203.61 $0.00 $121.08 $22,738.26
19 $22,738.26 $1,203.61 $0.00 $128.57 $24,070.44
20 $24,070.44 $1,203.61 $0.00 $136.10 $25,410.15
21 $25,410.15 $1,203.61 $0.00 $143.67 $26,757.43
22 $26,757.43 $1,203.61 $0.00 $151.29 $28,112.33
23 $28,112.33 $1,203.61 $0.00 $158.95 $29,474.89
24 $29,474.89 $1,203.61 $0.00 $166.66 $30,845.16
25 $30,845.16 $1,203.61 $0.00 $174.40 $32,223.17
26 $32,223.17 $1,203.61 $0.00 $182.19 $33,608.97
27 $33,608.97 $1,203.61 $0.00 $190.03 $35,002.61
28 $35,002.61 $1,203.61 $0.00 $197.91 $36,404.13
29 $36,404.13 $1,203.61 $0.00 $205.83 $37,813.57
30 $37,813.57 $1,203.61 $0.00 $213.80 $39,230.98
31 $39,230.98 $1,203.61 $0.00 $221.82 $40,656.41
32 $40,656.41 $1,203.61 $0.00 $229.88 $42,089.90
33 $42,089.90 $1,203.61 $0.00 $237.98 $43,531.49
34 $43,531.49 $1,203.61 $0.00 $246.13 $44,981.23
35 $44,981.23 $1,203.61 $0.00 $254.33 $46,439.17
36 $46,439.17 $1,203.61 $0.00 $262.57 $47,905.35
37 $47,905.35 $1,203.61 $0.00 $270.86 $49,379.82
38 $49,379.82 $1,203.61 $0.00 $279.20 $50,862.63
39 $50,862.63 $1,203.61 $0.00 $287.58 $52,353.82
40 $52,353.82 $1,203.61 $0.00 $296.02 $53,853.45
41 $53,853.45 $1,203.61 $0.00 $304.50 $55,361.56
42 $55,361.56 $1,203.61 $0.00 $313.02 $56,878.19
43 $56,878.19 $1,203.61 $0.00 $321.60 $58,403.40
44 $58,403.40 $1,203.61 $0.00 $330.22 $59,937.23
45 $59,937.23 $1,203.61 $0.00 $338.89 $61,479.73
46 $61,479.73 $1,203.61 $0.00 $347.62 $63,030.96
47 $63,030.96 $1,203.61 $0.00 $356.39 $64,590.96
48 $64,590.96 $1,203.61 $0.00 $365.21 $66,159.78
49 $66,159.78 $1,203.61 $0.00 $374.08 $67,737.47
50 $67,737.47 $1,203.61 $0.00 $383.00 $69,324.08
51 $69,324.08 $1,203.61 $0.00 $391.97 $70,919.66
52 $70,919.66 $1,203.61 $0.00 $400.99 $72,524.26
53 $72,524.26 $1,203.61 $0.00 $410.06 $74,137.93
54 $74,137.93 $1,203.61 $0.00 $419.19 $75,760.73
55 $75,760.73 $1,203.61 $0.00 $428.36 $77,392.70
56 $77,392.70 $1,203.61 $0.00 $437.59 $79,033.90
57 $79,033.90 $1,203.61 $0.00 $446.87 $80,684.38
58 $80,684.38 $1,203.61 $0.00 $456.20 $82,344.19
59 $82,344.19 $1,203.61 $0.00 $465.59 $84,013.39
60 $84,013.39 $1,203.61 $0.00 $475.02 $85,692.02
61 $85,692.02 $1,203.61 $0.00 $484.52 $87,380.15
62 $87,380.15 $1,203.61 $0.00 $494.06 $89,077.82
63 $89,077.82 $1,203.61 $0.00 $503.66 $90,785.09
64 $90,785.09 $1,203.61 $0.00 $513.31 $92,502.01
65 $92,502.01 $1,203.61 $0.00 $523.02 $94,228.64
66 $94,228.64 $1,203.61 $0.00 $532.78 $95,965.03
67 $95,965.03 $1,203.61 $0.00 $542.60 $97,711.24
68 $97,711.24 $1,203.61 $0.00 $552.47 $99,467.32
69 $99,467.32 $1,203.61 $0.00 $562.40 $101,233.33
70 $101,233.33 $1,203.61 $0.00 $572.39 $103,009.33
71 $103,009.33 $1,203.61 $0.00 $582.43 $104,795.37
72 $104,795.37 $1,203.61 $0.00 $592.53 $106,591.51
73 $106,591.51 $1,203.61 $0.00 $602.68 $108,397.80
74 $108,397.80 $1,203.61 $0.00 $612.90 $110,214.31
75 $110,214.31 $1,203.61 $0.00 $623.17 $112,041.09
76 $112,041.09 $1,203.61 $0.00 $633.50 $113,878.20
77 $113,878.20 $1,203.61 $0.00 $643.88 $115,725.69
78 $115,725.69 $1,203.61 $0.00 $654.33 $117,583.63
79 $117,583.63 $1,203.61 $0.00 $664.83 $119,452.07
80 $119,452.07 $1,203.61 $0.00 $675.40 $121,331.08
81 $121,331.08 $1,203.61 $0.00 $686.02 $123,220.71
82 $123,220.71 $1,203.61 $0.00 $696.71 $125,121.03
83 $125,121.03 $1,203.61 $0.00 $707.45 $127,032.09
84 $127,032.09 $1,203.61 $0.00 $718.26 $128,953.96
85 $128,953.96 $1,203.61 $0.00 $729.12 $130,886.69
86 $130,886.69 $1,203.61 $0.00 $740.05 $132,830.35
87 $132,830.35 $1,203.61 $0.00 $751.04 $134,785.00
88 $134,785.00 $1,203.61 $0.00 $762.09 $136,750.70
89 $136,750.70 $1,203.61 $0.00 $773.21 $138,727.52
90 $138,727.52 $1,203.61 $0.00 $784.39 $140,715.52
91 $140,715.52 $1,203.61 $0.00 $795.63 $142,714.76
92 $142,714.76 $1,203.61 $0.00 $806.93 $144,725.30
93 $144,725.30 $1,203.61 $0.00 $818.30 $146,747.21
94 $146,747.21 $1,203.61 $0.00 $829.73 $148,780.55
95 $148,780.55 $1,203.61 $0.00 $841.23 $150,825.39
96 $150,825.39 $1,203.61 $0.00 $852.79 $152,881.79
97 $152,881.79 $1,203.61 $0.00 $864.42 $154,949.82
98 $154,949.82 $1,203.61 $0.00 $876.11 $157,029.54
99 $157,029.54 $1,203.61 $0.00 $887.87 $159,121.02
100 $159,121.02 $1,203.61 $0.00 $899.69 $161,224.32
101 $161,224.32 $1,203.61 $0.00 $911.59 $163,339.52
102 $163,339.52 $1,203.61 $0.00 $923.55 $165,466.68
103 $165,466.68 $1,203.61 $0.00 $935.57 $167,605.86
104 $167,605.86 $1,203.61 $0.00 $947.67 $169,757.14
105 $169,757.14 $1,203.61 $0.00 $959.83 $171,920.58
106 $171,920.58 $1,203.61 $0.00 $972.06 $174,096.25
107 $174,096.25 $1,203.61 $0.00 $984.37 $176,284.23
108 $176,284.23 $1,203.61 $0.00 $996.74 $178,484.58
109 $178,484.58 $1,203.61 $0.00 $1,009.18 $180,697.37
110 $180,697.37 $1,203.61 $0.00 $1,021.69 $182,922.67
111 $182,922.67 $1,203.61 $0.00 $1,034.27 $185,160.55
112 $185,160.55 $1,203.61 $0.00 $1,046.92 $187,411.08
113 $187,411.08 $1,203.61 $0.00 $1,059.65 $189,674.34
114 $189,674.34 $1,203.61 $0.00 $1,072.45 $191,950.40
115 $191,950.40 $1,203.61 $0.00 $1,085.32 $194,239.33
116 $194,239.33 $1,203.61 $0.00 $1,098.26 $196,541.20
117 $196,541.20 $1,203.61 $0.00 $1,111.27 $198,856.08
118 $198,856.08 $1,203.61 $0.00 $1,124.36 $201,184.05
119 $201,184.05 $1,203.61 $0.00 $1,137.52 $203,525.18
120 $203,525.18 $1,203.61 $0.00 $1,150.76 $205,879.55
121 $205,879.55 $1,203.61 $0.00 $1,164.07 $208,247.23
122 $208,247.23 $1,203.61 $0.00 $1,177.46 $210,628.30
123 $210,628.30 $1,203.61 $0.00 $1,190.92 $213,022.83
124 $213,022.83 $1,203.61 $0.00 $1,204.46 $215,430.90
125 $215,430.90 $1,203.61 $0.00 $1,218.08 $217,852.59
126 $217,852.59 $1,203.61 $0.00 $1,231.77 $220,287.97
127 $220,287.97 $1,203.61 $0.00 $1,245.54 $222,737.12
128 $222,737.12 $1,203.61 $0.00 $1,259.39 $225,200.12
129 $225,200.12 $1,203.61 $0.00 $1,273.31 $227,677.04
130 $227,677.04 $1,203.61 $0.00 $1,287.32 $230,167.97
131 $230,167.97 $1,203.61 $0.00 $1,301.40 $232,672.98
132 $232,672.98 $1,203.61 $0.00 $1,315.57 $235,192.16
133 $235,192.16 $1,203.61 $0.00 $1,329.81 $237,725.58
134 $237,725.58 $1,203.61 $0.00 $1,344.13 $240,273.32
135 $240,273.32 $1,203.61 $0.00 $1,358.54 $242,835.47
136 $242,835.47 $1,203.61 $0.00 $1,373.03 $245,412.11
137 $245,412.11 $1,203.61 $0.00 $1,387.60 $248,003.32
138 $248,003.32 $1,203.61 $0.00 $1,402.25 $250,609.18
139 $250,609.18 $1,203.61 $0.00 $1,416.98 $253,229.77
140 $253,229.77 $1,203.61 $0.00 $1,431.80 $255,865.18
141 $255,865.18 $1,203.61 $0.00 $1,446.70 $258,515.49
142 $258,515.49 $1,203.61 $0.00 $1,461.68 $261,180.78
143 $261,180.78 $1,203.61 $0.00 $1,476.75 $263,861.14
144 $263,861.14 $1,203.61 $0.00 $1,491.91 $266,556.66
145 $266,556.66 $1,203.61 $0.00 $1,507.15 $269,267.42
146 $269,267.42 $1,203.61 $0.00 $1,522.48 $271,993.51
147 $271,993.51 $1,203.61 $0.00 $1,537.89 $274,735.01
148 $274,735.01 $1,203.61 $0.00 $1,553.39 $277,492.01
149 $277,492.01 $1,203.61 $0.00 $1,568.98 $280,264.60
150 $280,264.60 $1,203.61 $0.00 $1,584.66 $283,052.87
151 $283,052.87 $1,203.61 $0.00 $1,600.42 $285,856.90
152 $285,856.90 $1,203.61 $0.00 $1,616.28 $288,676.79
153 $288,676.79 $1,203.61 $0.00 $1,632.22 $291,512.62
154 $291,512.62 $1,203.61 $0.00 $1,648.25 $294,364.48
155 $294,364.48 $1,203.61 $0.00 $1,664.38 $297,232.47
156 $297,232.47 $1,203.61 $0.00 $1,680.60 $300,116.68
157 $300,116.68 $1,203.61 $0.00 $1,696.90 $303,017.19
158 $303,017.19 $1,203.61 $0.00 $1,713.30 $305,934.10
159 $305,934.10 $1,203.61 $0.00 $1,729.80 $308,867.51
160 $308,867.51 $1,203.61 $0.00 $1,746.38 $311,817.50
161 $311,817.50 $1,203.61 $0.00 $1,763.06 $314,784.17
162 $314,784.17 $1,203.61 $0.00 $1,779.84 $317,767.62
163 $317,767.62 $1,203.61 $0.00 $1,796.70 $320,767.93
164 $320,767.93 $1,203.61 $0.00 $1,813.67 $323,785.21
165 $323,785.21 $1,203.61 $0.00 $1,830.73 $326,819.55
166 $326,819.55 $1,203.61 $0.00 $1,847.89 $329,871.05
167 $329,871.05 $1,203.61 $0.00 $1,865.14 $332,939.80
168 $332,939.80 $1,203.61 $0.00 $1,882.49 $336,025.90
169 $336,025.90 $1,203.61 $0.00 $1,899.94 $339,129.45
170 $339,129.45 $1,203.61 $0.00 $1,917.49 $342,250.55
171 $342,250.55 $1,203.61 $0.00 $1,935.13 $345,389.29
172 $345,389.29 $1,203.61 $0.00 $1,952.88 $348,545.78
173 $348,545.78 $1,203.61 $0.00 $1,970.73 $351,720.12
174 $351,720.12 $1,203.61 $0.00 $1,988.68 $354,912.41
175 $354,912.41 $1,203.61 $0.00 $2,006.73 $358,122.75
176 $358,122.75 $1,203.61 $0.00 $2,024.88 $361,351.24
177 $361,351.24 $1,203.61 $0.00 $2,043.13 $364,597.98
178 $364,597.98 $1,203.61 $0.00 $2,061.49 $367,863.08
179 $367,863.08 $1,203.61 $0.00 $2,079.95 $371,146.64
180 $371,146.64 $1,203.61 $0.00 $2,098.52 $374,448.77
181 $374,448.77 $1,203.61 $0.00 $2,117.19 $377,769.57
182 $377,769.57 $1,203.61 $0.00 $2,135.96 $381,109.14
183 $381,109.14 $1,203.61 $0.00 $2,154.85 $384,467.60
184 $384,467.60 $1,203.61 $0.00 $2,173.84 $387,845.05
185 $387,845.05 $1,203.61 $0.00 $2,192.93 $391,241.59
186 $391,241.59 $1,203.61 $0.00 $2,212.14 $394,657.34
187 $394,657.34 $1,203.61 $0.00 $2,231.45 $398,092.40
188 $398,092.40 $1,203.61 $0.00 $2,250.87 $401,546.88
189 $401,546.88 $1,203.61 $0.00 $2,270.40 $405,020.89
190 $405,020.89 $1,203.61 $0.00 $2,290.05 $408,514.55
191 $408,514.55 $1,203.61 $0.00 $2,309.80 $412,027.96
192 $412,027.96 $1,203.61 $0.00 $2,329.67 $415,561.24
193 $415,561.24 $1,203.61 $0.00 $2,349.64 $419,114.49
194 $419,114.49 $1,203.61 $0.00 $2,369.73 $422,687.83
195 $422,687.83 $1,203.61 $0.00 $2,389.94 $426,281.38
196 $426,281.38 $1,203.61 $0.00 $2,410.26 $429,895.25
197 $429,895.25 $1,203.61 $0.00 $2,430.69 $433,529.55
198 $433,529.55 $1,203.61 $0.00 $2,451.24 $437,184.40
199 $437,184.40 $1,203.61 $0.00 $2,471.90 $440,859.91
200 $440,859.91 $1,203.61 $0.00 $2,492.69 $444,556.21
201 $444,556.21 $1,203.61 $0.00 $2,513.59 $448,273.41
202 $448,273.41 $1,203.61 $0.00 $2,534.60 $452,011.62
203 $452,011.62 $1,203.61 $0.00 $2,555.74 $455,770.97
204 $455,770.97 $1,203.61 $0.00 $2,577.00 $459,551.58
205 $459,551.58 $1,203.61 $0.00 $2,598.37 $463,353.56
206 $463,353.56 $1,203.61 $0.00 $2,619.87 $467,177.04
207 $467,177.04 $1,203.61 $0.00 $2,641.49 $471,022.14
208 $471,022.14 $1,203.61 $0.00 $2,663.23 $474,888.98
209 $474,888.98 $1,203.61 $0.00 $2,685.09 $478,777.68
210 $478,777.68 $1,203.61 $0.00 $2,707.08 $482,688.37
211 $482,688.37 $1,203.61 $0.00 $2,729.19 $486,621.17
212 $486,621.17 $1,203.61 $0.00 $2,751.43 $490,576.21
213 $490,576.21 $1,203.61 $0.00 $2,773.79 $494,553.61
214 $494,553.61 $1,203.61 $0.00 $2,796.28 $498,553.50
215 $498,553.50 $1,203.61 $0.00 $2,818.89 $502,576.00
216 $502,576.00 $1,203.61 $0.00 $2,841.64 $506,621.25
217 $506,621.25 $1,203.61 $141,109.71 $2,864.51 $369,579.66
218 $369,579.66 $1,203.61 $0.00 $2,089.66 $372,872.93
219 $372,872.93 $1,203.61 $0.00 $2,108.28 $376,184.82
220 $376,184.82 $1,203.61 $0.00 $2,127.00 $379,515.43
221 $379,515.43 $1,203.61 $0.00 $2,145.84 $382,864.88
222 $382,864.88 $1,203.61 $0.00 $2,164.77 $386,233.26
223 $386,233.26 $1,203.61 $0.00 $2,183.82 $389,620.69
224 $389,620.69 $1,203.61 $0.00 $2,202.97 $393,027.27
225 $393,027.27 $1,203.61 $0.00 $2,222.23 $396,453.11
226 $396,453.11 $1,203.61 $0.00 $2,241.60 $399,898.32
227 $399,898.32 $1,203.61 $0.00 $2,261.08 $403,363.01
228 $403,363.01 $1,203.61 $0.00 $2,280.67 $406,847.29
229 $406,847.29 $1,203.61 $148,165.20 $2,300.37 $262,186.07
230 $262,186.07 $1,203.61 $0.00 $1,482.44 $264,872.12
231 $264,872.12 $1,203.61 $0.00 $1,497.63 $267,573.36
232 $267,573.36 $1,203.61 $0.00 $1,512.90 $270,289.87
233 $270,289.87 $1,203.61 $0.00 $1,528.26 $273,021.74
234 $273,021.74 $1,203.61 $0.00 $1,543.70 $275,769.05
235 $275,769.05 $1,203.61 $0.00 $1,559.24 $278,531.90
236 $278,531.90 $1,203.61 $0.00 $1,574.86 $281,310.37
237 $281,310.37 $1,203.61 $0.00 $1,590.57 $284,104.55
238 $284,104.55 $1,203.61 $0.00 $1,606.37 $286,914.53
239 $286,914.53 $1,203.61 $0.00 $1,622.26 $289,740.40
240 $289,740.40 $1,203.61 $0.00 $1,638.23 $292,582.24
241 $292,582.24 $1,203.61 $155,573.46 $1,654.30 $139,866.69
242 $139,866.69 $1,203.61 $0.00 $790.83 $141,861.13
243 $141,861.13 $1,203.61 $0.00 $802.10 $143,866.84
244 $143,866.84 $1,203.61 $0.00 $813.44 $145,883.89
245 $145,883.89 $1,203.61 $0.00 $824.85 $147,912.35
246 $147,912.35 $1,203.61 $0.00 $836.32 $149,952.28
247 $149,952.28 $1,203.61 $0.00 $847.85 $152,003.74
248 $152,003.74 $1,203.61 $0.00 $859.45 $154,066.80
249 $154,066.80 $1,203.61 $0.00 $871.12 $156,141.53
250 $156,141.53 $1,203.61 $0.00 $882.85 $158,227.99
251 $158,227.99 $1,203.61 $0.00 $894.64 $160,326.24
252 $160,326.24 $1,203.61 $0.00 $906.51 $162,436.36
253 $162,436.36 $0.00 $163,352.13 $918.44 $2.67