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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$157,262
Monthly savings required$1,245

How much will it cost to send your child to Fairleigh Dickinson University College at Florham in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $629,049.89 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,244.86 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$60,644.00
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 $1,244.86 $0.00 $0.00 $1,244.86
2 $1,244.86 $1,244.86 $0.00 $7.04 $2,496.76
3 $2,496.76 $1,244.86 $0.00 $14.12 $3,755.74
4 $3,755.74 $1,244.86 $0.00 $21.24 $5,021.84
5 $5,021.84 $1,244.86 $0.00 $28.39 $6,295.09
6 $6,295.09 $1,244.86 $0.00 $35.59 $7,575.54
7 $7,575.54 $1,244.86 $0.00 $42.83 $8,863.23
8 $8,863.23 $1,244.86 $0.00 $50.11 $10,158.20
9 $10,158.20 $1,244.86 $0.00 $57.44 $11,460.50
10 $11,460.50 $1,244.86 $0.00 $64.80 $12,770.16
11 $12,770.16 $1,244.86 $0.00 $72.20 $14,087.22
12 $14,087.22 $1,244.86 $0.00 $79.65 $15,411.73
13 $15,411.73 $1,244.86 $0.00 $87.14 $16,743.73
14 $16,743.73 $1,244.86 $0.00 $94.67 $18,083.26
15 $18,083.26 $1,244.86 $0.00 $102.25 $19,430.37
16 $19,430.37 $1,244.86 $0.00 $109.86 $20,785.09
17 $20,785.09 $1,244.86 $0.00 $117.52 $22,147.47
18 $22,147.47 $1,244.86 $0.00 $125.23 $23,517.56
19 $23,517.56 $1,244.86 $0.00 $132.97 $24,895.39
20 $24,895.39 $1,244.86 $0.00 $140.76 $26,281.01
21 $26,281.01 $1,244.86 $0.00 $148.60 $27,674.47
22 $27,674.47 $1,244.86 $0.00 $156.48 $29,075.81
23 $29,075.81 $1,244.86 $0.00 $164.40 $30,485.07
24 $30,485.07 $1,244.86 $0.00 $172.37 $31,902.30
25 $31,902.30 $1,244.86 $0.00 $180.38 $33,327.54
26 $33,327.54 $1,244.86 $0.00 $188.44 $34,760.84
27 $34,760.84 $1,244.86 $0.00 $196.54 $36,202.24
28 $36,202.24 $1,244.86 $0.00 $204.69 $37,651.79
29 $37,651.79 $1,244.86 $0.00 $212.89 $39,109.54
30 $39,109.54 $1,244.86 $0.00 $221.13 $40,575.53
31 $40,575.53 $1,244.86 $0.00 $229.42 $42,049.81
32 $42,049.81 $1,244.86 $0.00 $237.76 $43,532.43
33 $43,532.43 $1,244.86 $0.00 $246.14 $45,023.43
34 $45,023.43 $1,244.86 $0.00 $254.57 $46,522.86
35 $46,522.86 $1,244.86 $0.00 $263.05 $48,030.77
36 $48,030.77 $1,244.86 $0.00 $271.57 $49,547.20
37 $49,547.20 $1,244.86 $0.00 $280.15 $51,072.21
38 $51,072.21 $1,244.86 $0.00 $288.77 $52,605.84
39 $52,605.84 $1,244.86 $0.00 $297.44 $54,148.14
40 $54,148.14 $1,244.86 $0.00 $306.16 $55,699.16
41 $55,699.16 $1,244.86 $0.00 $314.93 $57,258.95
42 $57,258.95 $1,244.86 $0.00 $323.75 $58,827.56
43 $58,827.56 $1,244.86 $0.00 $332.62 $60,405.04
44 $60,405.04 $1,244.86 $0.00 $341.54 $61,991.44
45 $61,991.44 $1,244.86 $0.00 $350.51 $63,586.81
46 $63,586.81 $1,244.86 $0.00 $359.53 $65,191.20
47 $65,191.20 $1,244.86 $0.00 $368.60 $66,804.66
48 $66,804.66 $1,244.86 $0.00 $377.72 $68,427.24
49 $68,427.24 $1,244.86 $0.00 $386.90 $70,059.00
50 $70,059.00 $1,244.86 $0.00 $396.12 $71,699.98
51 $71,699.98 $1,244.86 $0.00 $405.40 $73,350.24
52 $73,350.24 $1,244.86 $0.00 $414.73 $75,009.83
53 $75,009.83 $1,244.86 $0.00 $424.12 $76,678.81
54 $76,678.81 $1,244.86 $0.00 $433.55 $78,357.22
55 $78,357.22 $1,244.86 $0.00 $443.04 $80,045.12
56 $80,045.12 $1,244.86 $0.00 $452.59 $81,742.57
57 $81,742.57 $1,244.86 $0.00 $462.18 $83,449.61
58 $83,449.61 $1,244.86 $0.00 $471.84 $85,166.31
59 $85,166.31 $1,244.86 $0.00 $481.54 $86,892.71
60 $86,892.71 $1,244.86 $0.00 $491.30 $88,628.87
61 $88,628.87 $1,244.86 $0.00 $501.12 $90,374.85
62 $90,374.85 $1,244.86 $0.00 $510.99 $92,130.70
63 $92,130.70 $1,244.86 $0.00 $520.92 $93,896.48
64 $93,896.48 $1,244.86 $0.00 $530.90 $95,672.24
65 $95,672.24 $1,244.86 $0.00 $540.94 $97,458.04
66 $97,458.04 $1,244.86 $0.00 $551.04 $99,253.94
67 $99,253.94 $1,244.86 $0.00 $561.20 $101,060.00
68 $101,060.00 $1,244.86 $0.00 $571.41 $102,876.27
69 $102,876.27 $1,244.86 $0.00 $581.68 $104,702.81
70 $104,702.81 $1,244.86 $0.00 $592.00 $106,539.67
71 $106,539.67 $1,244.86 $0.00 $602.39 $108,386.92
72 $108,386.92 $1,244.86 $0.00 $612.84 $110,244.62
73 $110,244.62 $1,244.86 $0.00 $623.34 $112,112.82
74 $112,112.82 $1,244.86 $0.00 $633.90 $113,991.58
75 $113,991.58 $1,244.86 $0.00 $644.52 $115,880.96
76 $115,880.96 $1,244.86 $0.00 $655.21 $117,781.03
77 $117,781.03 $1,244.86 $0.00 $665.95 $119,691.84
78 $119,691.84 $1,244.86 $0.00 $676.76 $121,613.46
79 $121,613.46 $1,244.86 $0.00 $687.62 $123,545.94
80 $123,545.94 $1,244.86 $0.00 $698.55 $125,489.35
81 $125,489.35 $1,244.86 $0.00 $709.54 $127,443.75
82 $127,443.75 $1,244.86 $0.00 $720.59 $129,409.20
83 $129,409.20 $1,244.86 $0.00 $731.70 $131,385.76
84 $131,385.76 $1,244.86 $0.00 $742.87 $133,373.49
85 $133,373.49 $1,244.86 $0.00 $754.11 $135,372.46
86 $135,372.46 $1,244.86 $0.00 $765.42 $137,382.74
87 $137,382.74 $1,244.86 $0.00 $776.78 $139,404.38
88 $139,404.38 $1,244.86 $0.00 $788.21 $141,437.45
89 $141,437.45 $1,244.86 $0.00 $799.71 $143,482.02
90 $143,482.02 $1,244.86 $0.00 $811.27 $145,538.15
91 $145,538.15 $1,244.86 $0.00 $822.89 $147,605.90
92 $147,605.90 $1,244.86 $0.00 $834.59 $149,685.35
93 $149,685.35 $1,244.86 $0.00 $846.34 $151,776.55
94 $151,776.55 $1,244.86 $0.00 $858.17 $153,879.58
95 $153,879.58 $1,244.86 $0.00 $870.06 $155,994.50
96 $155,994.50 $1,244.86 $0.00 $882.02 $158,121.38
97 $158,121.38 $1,244.86 $0.00 $894.04 $160,260.28
98 $160,260.28 $1,244.86 $0.00 $906.13 $162,411.27
99 $162,411.27 $1,244.86 $0.00 $918.30 $164,574.43
100 $164,574.43 $1,244.86 $0.00 $930.53 $166,749.82
101 $166,749.82 $1,244.86 $0.00 $942.83 $168,937.51
102 $168,937.51 $1,244.86 $0.00 $955.20 $171,137.57
103 $171,137.57 $1,244.86 $0.00 $967.64 $173,350.07
104 $173,350.07 $1,244.86 $0.00 $980.15 $175,575.08
105 $175,575.08 $1,244.86 $0.00 $992.73 $177,812.67
106 $177,812.67 $1,244.86 $0.00 $1,005.38 $180,062.91
107 $180,062.91 $1,244.86 $0.00 $1,018.10 $182,325.87
108 $182,325.87 $1,244.86 $0.00 $1,030.90 $184,601.63
109 $184,601.63 $1,244.86 $0.00 $1,043.76 $186,890.25
110 $186,890.25 $1,244.86 $0.00 $1,056.70 $189,191.81
111 $189,191.81 $1,244.86 $0.00 $1,069.72 $191,506.39
112 $191,506.39 $1,244.86 $0.00 $1,082.80 $193,834.05
113 $193,834.05 $1,244.86 $0.00 $1,095.97 $196,174.88
114 $196,174.88 $1,244.86 $0.00 $1,109.20 $198,528.94
115 $198,528.94 $1,244.86 $0.00 $1,122.51 $200,896.31
116 $200,896.31 $1,244.86 $0.00 $1,135.90 $203,277.07
117 $203,277.07 $1,244.86 $0.00 $1,149.36 $205,671.29
118 $205,671.29 $1,244.86 $0.00 $1,162.90 $208,079.05
119 $208,079.05 $1,244.86 $0.00 $1,176.51 $210,500.42
120 $210,500.42 $1,244.86 $0.00 $1,190.20 $212,935.48
121 $212,935.48 $1,244.86 $0.00 $1,203.97 $215,384.31
122 $215,384.31 $1,244.86 $0.00 $1,217.81 $217,846.98
123 $217,846.98 $1,244.86 $0.00 $1,231.74 $220,323.58
124 $220,323.58 $1,244.86 $0.00 $1,245.74 $222,814.18
125 $222,814.18 $1,244.86 $0.00 $1,259.82 $225,318.86
126 $225,318.86 $1,244.86 $0.00 $1,273.99 $227,837.71
127 $227,837.71 $1,244.86 $0.00 $1,288.23 $230,370.80
128 $230,370.80 $1,244.86 $0.00 $1,302.55 $232,918.21
129 $232,918.21 $1,244.86 $0.00 $1,316.95 $235,480.02
130 $235,480.02 $1,244.86 $0.00 $1,331.44 $238,056.32
131 $238,056.32 $1,244.86 $0.00 $1,346.01 $240,647.19
132 $240,647.19 $1,244.86 $0.00 $1,360.65 $243,252.70
133 $243,252.70 $1,244.86 $0.00 $1,375.39 $245,872.95
134 $245,872.95 $1,244.86 $0.00 $1,390.20 $248,508.01
135 $248,508.01 $1,244.86 $0.00 $1,405.10 $251,157.97
136 $251,157.97 $1,244.86 $0.00 $1,420.08 $253,822.91
137 $253,822.91 $1,244.86 $0.00 $1,435.15 $256,502.92
138 $256,502.92 $1,244.86 $0.00 $1,450.30 $259,198.08
139 $259,198.08 $1,244.86 $0.00 $1,465.54 $261,908.48
140 $261,908.48 $1,244.86 $0.00 $1,480.87 $264,634.21
141 $264,634.21 $1,244.86 $0.00 $1,496.28 $267,375.35
142 $267,375.35 $1,244.86 $0.00 $1,511.78 $270,131.99
143 $270,131.99 $1,244.86 $0.00 $1,527.37 $272,904.22
144 $272,904.22 $1,244.86 $0.00 $1,543.04 $275,692.12
145 $275,692.12 $1,244.86 $0.00 $1,558.80 $278,495.78
146 $278,495.78 $1,244.86 $0.00 $1,574.66 $281,315.30
147 $281,315.30 $1,244.86 $0.00 $1,590.60 $284,150.76
148 $284,150.76 $1,244.86 $0.00 $1,606.63 $287,002.25
149 $287,002.25 $1,244.86 $0.00 $1,622.75 $289,869.86
150 $289,869.86 $1,244.86 $0.00 $1,638.97 $292,753.69
151 $292,753.69 $1,244.86 $0.00 $1,655.27 $295,653.82
152 $295,653.82 $1,244.86 $0.00 $1,671.67 $298,570.35
153 $298,570.35 $1,244.86 $0.00 $1,688.16 $301,503.37
154 $301,503.37 $1,244.86 $0.00 $1,704.74 $304,452.97
155 $304,452.97 $1,244.86 $0.00 $1,721.42 $307,419.25
156 $307,419.25 $1,244.86 $0.00 $1,738.19 $310,402.30
157 $310,402.30 $1,244.86 $0.00 $1,755.06 $313,402.22
158 $313,402.22 $1,244.86 $0.00 $1,772.02 $316,419.10
159 $316,419.10 $1,244.86 $0.00 $1,789.08 $319,453.04
160 $319,453.04 $1,244.86 $0.00 $1,806.23 $322,504.13
161 $322,504.13 $1,244.86 $0.00 $1,823.49 $325,572.48
162 $325,572.48 $1,244.86 $0.00 $1,840.83 $328,658.17
163 $328,658.17 $1,244.86 $0.00 $1,858.28 $331,761.31
164 $331,761.31 $1,244.86 $0.00 $1,875.83 $334,882.00
165 $334,882.00 $1,244.86 $0.00 $1,893.47 $338,020.33
166 $338,020.33 $1,244.86 $0.00 $1,911.22 $341,176.41
167 $341,176.41 $1,244.86 $0.00 $1,929.06 $344,350.33
168 $344,350.33 $1,244.86 $0.00 $1,947.01 $347,542.20
169 $347,542.20 $1,244.86 $0.00 $1,965.05 $350,752.11
170 $350,752.11 $1,244.86 $0.00 $1,983.20 $353,980.17
171 $353,980.17 $1,244.86 $0.00 $2,001.46 $357,226.49
172 $357,226.49 $1,244.86 $0.00 $2,019.81 $360,491.16
173 $360,491.16 $1,244.86 $0.00 $2,038.27 $363,774.29
174 $363,774.29 $1,244.86 $0.00 $2,056.83 $367,075.98
175 $367,075.98 $1,244.86 $0.00 $2,075.50 $370,396.34
176 $370,396.34 $1,244.86 $0.00 $2,094.27 $373,735.47
177 $373,735.47 $1,244.86 $0.00 $2,113.15 $377,093.48
178 $377,093.48 $1,244.86 $0.00 $2,132.14 $380,470.48
179 $380,470.48 $1,244.86 $0.00 $2,151.24 $383,866.58
180 $383,866.58 $1,244.86 $0.00 $2,170.44 $387,281.88
181 $387,281.88 $1,244.86 $0.00 $2,189.75 $390,716.49
182 $390,716.49 $1,244.86 $0.00 $2,209.17 $394,170.52
183 $394,170.52 $1,244.86 $0.00 $2,228.70 $397,644.08
184 $397,644.08 $1,244.86 $0.00 $2,248.34 $401,137.28
185 $401,137.28 $1,244.86 $0.00 $2,268.09 $404,650.23
186 $404,650.23 $1,244.86 $0.00 $2,287.95 $408,183.04
187 $408,183.04 $1,244.86 $0.00 $2,307.93 $411,735.83
188 $411,735.83 $1,244.86 $0.00 $2,328.01 $415,308.70
189 $415,308.70 $1,244.86 $0.00 $2,348.22 $418,901.78
190 $418,901.78 $1,244.86 $0.00 $2,368.53 $422,515.17
191 $422,515.17 $1,244.86 $0.00 $2,388.96 $426,148.99
192 $426,148.99 $1,244.86 $0.00 $2,409.51 $429,803.36
193 $429,803.36 $1,244.86 $0.00 $2,430.17 $433,478.39
194 $433,478.39 $1,244.86 $0.00 $2,450.95 $437,174.20
195 $437,174.20 $1,244.86 $0.00 $2,471.85 $440,890.91
196 $440,890.91 $1,244.86 $0.00 $2,492.86 $444,628.63
197 $444,628.63 $1,244.86 $0.00 $2,513.99 $448,387.48
198 $448,387.48 $1,244.86 $0.00 $2,535.25 $452,167.59
199 $452,167.59 $1,244.86 $0.00 $2,556.62 $455,969.07
200 $455,969.07 $1,244.86 $0.00 $2,578.12 $459,792.05
201 $459,792.05 $1,244.86 $0.00 $2,599.73 $463,636.64
202 $463,636.64 $1,244.86 $0.00 $2,621.47 $467,502.97
203 $467,502.97 $1,244.86 $0.00 $2,643.33 $471,391.16
204 $471,391.16 $1,244.86 $0.00 $2,665.31 $475,301.33
205 $475,301.33 $1,244.86 $0.00 $2,687.42 $479,233.61
206 $479,233.61 $1,244.86 $0.00 $2,709.66 $483,188.13
207 $483,188.13 $1,244.86 $0.00 $2,732.02 $487,165.01
208 $487,165.01 $1,244.86 $0.00 $2,754.50 $491,164.37
209 $491,164.37 $1,244.86 $0.00 $2,777.11 $495,186.34
210 $495,186.34 $1,244.86 $0.00 $2,799.86 $499,231.06
211 $499,231.06 $1,244.86 $0.00 $2,822.72 $503,298.64
212 $503,298.64 $1,244.86 $0.00 $2,845.72 $507,389.22
213 $507,389.22 $1,244.86 $0.00 $2,868.85 $511,502.93
214 $511,502.93 $1,244.86 $0.00 $2,892.11 $515,639.90
215 $515,639.90 $1,244.86 $0.00 $2,915.50 $519,800.26
216 $519,800.26 $1,244.86 $0.00 $2,939.03 $523,984.15
217 $523,984.15 $1,244.86 $145,947.02 $2,962.68 $382,244.67
218 $382,244.67 $1,244.86 $0.00 $2,161.27 $385,650.80
219 $385,650.80 $1,244.86 $0.00 $2,180.53 $389,076.19
220 $389,076.19 $1,244.86 $0.00 $2,199.89 $392,520.94
221 $392,520.94 $1,244.86 $0.00 $2,219.37 $395,985.17
222 $395,985.17 $1,244.86 $0.00 $2,238.96 $399,468.99
223 $399,468.99 $1,244.86 $0.00 $2,258.66 $402,972.51
224 $402,972.51 $1,244.86 $0.00 $2,278.47 $406,495.84
225 $406,495.84 $1,244.86 $0.00 $2,298.39 $410,039.09
226 $410,039.09 $1,244.86 $0.00 $2,318.42 $413,602.37
227 $413,602.37 $1,244.86 $0.00 $2,338.57 $417,185.80
228 $417,185.80 $1,244.86 $0.00 $2,358.83 $420,789.49
229 $420,789.49 $1,244.86 $153,244.37 $2,379.20 $271,169.18
230 $271,169.18 $1,244.86 $0.00 $1,533.23 $273,947.27
231 $273,947.27 $1,244.86 $0.00 $1,548.94 $276,741.07
232 $276,741.07 $1,244.86 $0.00 $1,564.73 $279,550.66
233 $279,550.66 $1,244.86 $0.00 $1,580.62 $282,376.14
234 $282,376.14 $1,244.86 $0.00 $1,596.60 $285,217.60
235 $285,217.60 $1,244.86 $0.00 $1,612.66 $288,075.12
236 $288,075.12 $1,244.86 $0.00 $1,628.82 $290,948.80
237 $290,948.80 $1,244.86 $0.00 $1,645.07 $293,838.73
238 $293,838.73 $1,244.86 $0.00 $1,661.41 $296,745.00
239 $296,745.00 $1,244.86 $0.00 $1,677.84 $299,667.70
240 $299,667.70 $1,244.86 $0.00 $1,694.36 $302,606.92
241 $302,606.92 $1,244.86 $160,906.59 $1,710.98 $144,656.17
242 $144,656.17 $1,244.86 $0.00 $817.91 $146,718.94
243 $146,718.94 $1,244.86 $0.00 $829.57 $148,793.37
244 $148,793.37 $1,244.86 $0.00 $841.30 $150,879.53
245 $150,879.53 $1,244.86 $0.00 $853.09 $152,977.48
246 $152,977.48 $1,244.86 $0.00 $864.96 $155,087.30
247 $155,087.30 $1,244.86 $0.00 $876.89 $157,209.05
248 $157,209.05 $1,244.86 $0.00 $888.88 $159,342.79
249 $159,342.79 $1,244.86 $0.00 $900.95 $161,488.60
250 $161,488.60 $1,244.86 $0.00 $913.08 $163,646.54
251 $163,646.54 $1,244.86 $0.00 $925.28 $165,816.68
252 $165,816.68 $1,244.86 $0.00 $937.55 $167,999.09
253 $167,999.09 $0.00 $168,951.92 $949.89 ($2.94)