Savings Plan and Future Cost Estimation for Franklin and Marshall College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$209,059
Monthly savings required$1,655

How much will it cost to send your child to Franklin and Marshall College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $836,236.79 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,654.90 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$80,618.00
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 $1,654.90 $0.00 $0.00 $1,654.90
2 $1,654.90 $1,654.90 $0.00 $9.36 $3,319.16
3 $3,319.16 $1,654.90 $0.00 $18.77 $4,992.83
4 $4,992.83 $1,654.90 $0.00 $28.23 $6,675.96
5 $6,675.96 $1,654.90 $0.00 $37.75 $8,368.61
6 $8,368.61 $1,654.90 $0.00 $47.32 $10,070.83
7 $10,070.83 $1,654.90 $0.00 $56.94 $11,782.67
8 $11,782.67 $1,654.90 $0.00 $66.62 $13,504.19
9 $13,504.19 $1,654.90 $0.00 $76.35 $15,235.44
10 $15,235.44 $1,654.90 $0.00 $86.14 $16,976.48
11 $16,976.48 $1,654.90 $0.00 $95.99 $18,727.37
12 $18,727.37 $1,654.90 $0.00 $105.89 $20,488.16
13 $20,488.16 $1,654.90 $0.00 $115.84 $22,258.90
14 $22,258.90 $1,654.90 $0.00 $125.86 $24,039.66
15 $24,039.66 $1,654.90 $0.00 $135.92 $25,830.48
16 $25,830.48 $1,654.90 $0.00 $146.05 $27,631.43
17 $27,631.43 $1,654.90 $0.00 $156.23 $29,442.56
18 $29,442.56 $1,654.90 $0.00 $166.47 $31,263.93
19 $31,263.93 $1,654.90 $0.00 $176.77 $33,095.60
20 $33,095.60 $1,654.90 $0.00 $187.13 $34,937.63
21 $34,937.63 $1,654.90 $0.00 $197.54 $36,790.07
22 $36,790.07 $1,654.90 $0.00 $208.02 $38,652.99
23 $38,652.99 $1,654.90 $0.00 $218.55 $40,526.44
24 $40,526.44 $1,654.90 $0.00 $229.14 $42,410.48
25 $42,410.48 $1,654.90 $0.00 $239.80 $44,305.18
26 $44,305.18 $1,654.90 $0.00 $250.51 $46,210.59
27 $46,210.59 $1,654.90 $0.00 $261.28 $48,126.77
28 $48,126.77 $1,654.90 $0.00 $272.12 $50,053.79
29 $50,053.79 $1,654.90 $0.00 $283.01 $51,991.70
30 $51,991.70 $1,654.90 $0.00 $293.97 $53,940.57
31 $53,940.57 $1,654.90 $0.00 $304.99 $55,900.46
32 $55,900.46 $1,654.90 $0.00 $316.07 $57,871.43
33 $57,871.43 $1,654.90 $0.00 $327.21 $59,853.54
34 $59,853.54 $1,654.90 $0.00 $338.42 $61,846.86
35 $61,846.86 $1,654.90 $0.00 $349.69 $63,851.45
36 $63,851.45 $1,654.90 $0.00 $361.03 $65,867.38
37 $65,867.38 $1,654.90 $0.00 $372.42 $67,894.70
38 $67,894.70 $1,654.90 $0.00 $383.89 $69,933.49
39 $69,933.49 $1,654.90 $0.00 $395.41 $71,983.80
40 $71,983.80 $1,654.90 $0.00 $407.01 $74,045.71
41 $74,045.71 $1,654.90 $0.00 $418.67 $76,119.28
42 $76,119.28 $1,654.90 $0.00 $430.39 $78,204.57
43 $78,204.57 $1,654.90 $0.00 $442.18 $80,301.65
44 $80,301.65 $1,654.90 $0.00 $454.04 $82,410.59
45 $82,410.59 $1,654.90 $0.00 $465.96 $84,531.45
46 $84,531.45 $1,654.90 $0.00 $477.95 $86,664.30
47 $86,664.30 $1,654.90 $0.00 $490.01 $88,809.21
48 $88,809.21 $1,654.90 $0.00 $502.14 $90,966.25
49 $90,966.25 $1,654.90 $0.00 $514.34 $93,135.49
50 $93,135.49 $1,654.90 $0.00 $526.60 $95,316.99
51 $95,316.99 $1,654.90 $0.00 $538.94 $97,510.83
52 $97,510.83 $1,654.90 $0.00 $551.34 $99,717.07
53 $99,717.07 $1,654.90 $0.00 $563.81 $101,935.78
54 $101,935.78 $1,654.90 $0.00 $576.36 $104,167.04
55 $104,167.04 $1,654.90 $0.00 $588.98 $106,410.92
56 $106,410.92 $1,654.90 $0.00 $601.66 $108,667.48
57 $108,667.48 $1,654.90 $0.00 $614.42 $110,936.80
58 $110,936.80 $1,654.90 $0.00 $627.25 $113,218.95
59 $113,218.95 $1,654.90 $0.00 $640.16 $115,514.01
60 $115,514.01 $1,654.90 $0.00 $653.13 $117,822.04
61 $117,822.04 $1,654.90 $0.00 $666.18 $120,143.12
62 $120,143.12 $1,654.90 $0.00 $679.31 $122,477.33
63 $122,477.33 $1,654.90 $0.00 $692.50 $124,824.73
64 $124,824.73 $1,654.90 $0.00 $705.78 $127,185.41
65 $127,185.41 $1,654.90 $0.00 $719.12 $129,559.43
66 $129,559.43 $1,654.90 $0.00 $732.55 $131,946.88
67 $131,946.88 $1,654.90 $0.00 $746.05 $134,347.83
68 $134,347.83 $1,654.90 $0.00 $759.62 $136,762.35
69 $136,762.35 $1,654.90 $0.00 $773.27 $139,190.52
70 $139,190.52 $1,654.90 $0.00 $787.00 $141,632.42
71 $141,632.42 $1,654.90 $0.00 $800.81 $144,088.13
72 $144,088.13 $1,654.90 $0.00 $814.70 $146,557.73
73 $146,557.73 $1,654.90 $0.00 $828.66 $149,041.29
74 $149,041.29 $1,654.90 $0.00 $842.70 $151,538.89
75 $151,538.89 $1,654.90 $0.00 $856.82 $154,050.61
76 $154,050.61 $1,654.90 $0.00 $871.02 $156,576.53
77 $156,576.53 $1,654.90 $0.00 $885.31 $159,116.74
78 $159,116.74 $1,654.90 $0.00 $899.67 $161,671.31
79 $161,671.31 $1,654.90 $0.00 $914.11 $164,240.32
80 $164,240.32 $1,654.90 $0.00 $928.64 $166,823.86
81 $166,823.86 $1,654.90 $0.00 $943.25 $169,422.01
82 $169,422.01 $1,654.90 $0.00 $957.94 $172,034.85
83 $172,034.85 $1,654.90 $0.00 $972.71 $174,662.46
84 $174,662.46 $1,654.90 $0.00 $987.57 $177,304.93
85 $177,304.93 $1,654.90 $0.00 $1,002.51 $179,962.34
86 $179,962.34 $1,654.90 $0.00 $1,017.53 $182,634.77
87 $182,634.77 $1,654.90 $0.00 $1,032.64 $185,322.31
88 $185,322.31 $1,654.90 $0.00 $1,047.84 $188,025.05
89 $188,025.05 $1,654.90 $0.00 $1,063.12 $190,743.07
90 $190,743.07 $1,654.90 $0.00 $1,078.49 $193,476.46
91 $193,476.46 $1,654.90 $0.00 $1,093.94 $196,225.30
92 $196,225.30 $1,654.90 $0.00 $1,109.49 $198,989.69
93 $198,989.69 $1,654.90 $0.00 $1,125.12 $201,769.71
94 $201,769.71 $1,654.90 $0.00 $1,140.84 $204,565.45
95 $204,565.45 $1,654.90 $0.00 $1,156.64 $207,376.99
96 $207,376.99 $1,654.90 $0.00 $1,172.54 $210,204.43
97 $210,204.43 $1,654.90 $0.00 $1,188.53 $213,047.86
98 $213,047.86 $1,654.90 $0.00 $1,204.60 $215,907.36
99 $215,907.36 $1,654.90 $0.00 $1,220.77 $218,783.03
100 $218,783.03 $1,654.90 $0.00 $1,237.03 $221,674.96
101 $221,674.96 $1,654.90 $0.00 $1,253.38 $224,583.24
102 $224,583.24 $1,654.90 $0.00 $1,269.83 $227,507.97
103 $227,507.97 $1,654.90 $0.00 $1,286.36 $230,449.23
104 $230,449.23 $1,654.90 $0.00 $1,302.99 $233,407.12
105 $233,407.12 $1,654.90 $0.00 $1,319.72 $236,381.74
106 $236,381.74 $1,654.90 $0.00 $1,336.54 $239,373.18
107 $239,373.18 $1,654.90 $0.00 $1,353.45 $242,381.53
108 $242,381.53 $1,654.90 $0.00 $1,370.46 $245,406.89
109 $245,406.89 $1,654.90 $0.00 $1,387.57 $248,449.36
110 $248,449.36 $1,654.90 $0.00 $1,404.77 $251,509.03
111 $251,509.03 $1,654.90 $0.00 $1,422.07 $254,586.00
112 $254,586.00 $1,654.90 $0.00 $1,439.47 $257,680.37
113 $257,680.37 $1,654.90 $0.00 $1,456.96 $260,792.23
114 $260,792.23 $1,654.90 $0.00 $1,474.56 $263,921.69
115 $263,921.69 $1,654.90 $0.00 $1,492.25 $267,068.84
116 $267,068.84 $1,654.90 $0.00 $1,510.05 $270,233.79
117 $270,233.79 $1,654.90 $0.00 $1,527.94 $273,416.63
118 $273,416.63 $1,654.90 $0.00 $1,545.94 $276,617.47
119 $276,617.47 $1,654.90 $0.00 $1,564.04 $279,836.41
120 $279,836.41 $1,654.90 $0.00 $1,582.24 $283,073.55
121 $283,073.55 $1,654.90 $0.00 $1,600.54 $286,328.99
122 $286,328.99 $1,654.90 $0.00 $1,618.95 $289,602.84
123 $289,602.84 $1,654.90 $0.00 $1,637.46 $292,895.20
124 $292,895.20 $1,654.90 $0.00 $1,656.07 $296,206.17
125 $296,206.17 $1,654.90 $0.00 $1,674.79 $299,535.86
126 $299,535.86 $1,654.90 $0.00 $1,693.62 $302,884.38
127 $302,884.38 $1,654.90 $0.00 $1,712.55 $306,251.83
128 $306,251.83 $1,654.90 $0.00 $1,731.59 $309,638.32
129 $309,638.32 $1,654.90 $0.00 $1,750.74 $313,043.96
130 $313,043.96 $1,654.90 $0.00 $1,770.00 $316,468.86
131 $316,468.86 $1,654.90 $0.00 $1,789.36 $319,913.12
132 $319,913.12 $1,654.90 $0.00 $1,808.84 $323,376.86
133 $323,376.86 $1,654.90 $0.00 $1,828.42 $326,860.18
134 $326,860.18 $1,654.90 $0.00 $1,848.11 $330,363.19
135 $330,363.19 $1,654.90 $0.00 $1,867.92 $333,886.01
136 $333,886.01 $1,654.90 $0.00 $1,887.84 $337,428.75
137 $337,428.75 $1,654.90 $0.00 $1,907.87 $340,991.52
138 $340,991.52 $1,654.90 $0.00 $1,928.02 $344,574.44
139 $344,574.44 $1,654.90 $0.00 $1,948.27 $348,177.61
140 $348,177.61 $1,654.90 $0.00 $1,968.65 $351,801.16
141 $351,801.16 $1,654.90 $0.00 $1,989.13 $355,445.19
142 $355,445.19 $1,654.90 $0.00 $2,009.74 $359,109.83
143 $359,109.83 $1,654.90 $0.00 $2,030.46 $362,795.19
144 $362,795.19 $1,654.90 $0.00 $2,051.30 $366,501.39
145 $366,501.39 $1,654.90 $0.00 $2,072.25 $370,228.54
146 $370,228.54 $1,654.90 $0.00 $2,093.33 $373,976.77
147 $373,976.77 $1,654.90 $0.00 $2,114.52 $377,746.19
148 $377,746.19 $1,654.90 $0.00 $2,135.83 $381,536.92
149 $381,536.92 $1,654.90 $0.00 $2,157.27 $385,349.09
150 $385,349.09 $1,654.90 $0.00 $2,178.82 $389,182.81
151 $389,182.81 $1,654.90 $0.00 $2,200.50 $393,038.21
152 $393,038.21 $1,654.90 $0.00 $2,222.30 $396,915.41
153 $396,915.41 $1,654.90 $0.00 $2,244.22 $400,814.53
154 $400,814.53 $1,654.90 $0.00 $2,266.26 $404,735.69
155 $404,735.69 $1,654.90 $0.00 $2,288.43 $408,679.02
156 $408,679.02 $1,654.90 $0.00 $2,310.73 $412,644.65
157 $412,644.65 $1,654.90 $0.00 $2,333.15 $416,632.70
158 $416,632.70 $1,654.90 $0.00 $2,355.70 $420,643.30
159 $420,643.30 $1,654.90 $0.00 $2,378.38 $424,676.58
160 $424,676.58 $1,654.90 $0.00 $2,401.18 $428,732.66
161 $428,732.66 $1,654.90 $0.00 $2,424.12 $432,811.68
162 $432,811.68 $1,654.90 $0.00 $2,447.18 $436,913.76
163 $436,913.76 $1,654.90 $0.00 $2,470.37 $441,039.03
164 $441,039.03 $1,654.90 $0.00 $2,493.70 $445,187.63
165 $445,187.63 $1,654.90 $0.00 $2,517.16 $449,359.69
166 $449,359.69 $1,654.90 $0.00 $2,540.75 $453,555.34
167 $453,555.34 $1,654.90 $0.00 $2,564.47 $457,774.71
168 $457,774.71 $1,654.90 $0.00 $2,588.32 $462,017.93
169 $462,017.93 $1,654.90 $0.00 $2,612.32 $466,285.15
170 $466,285.15 $1,654.90 $0.00 $2,636.44 $470,576.49
171 $470,576.49 $1,654.90 $0.00 $2,660.71 $474,892.10
172 $474,892.10 $1,654.90 $0.00 $2,685.11 $479,232.11
173 $479,232.11 $1,654.90 $0.00 $2,709.65 $483,596.66
174 $483,596.66 $1,654.90 $0.00 $2,734.33 $487,985.89
175 $487,985.89 $1,654.90 $0.00 $2,759.14 $492,399.93
176 $492,399.93 $1,654.90 $0.00 $2,784.10 $496,838.93
177 $496,838.93 $1,654.90 $0.00 $2,809.20 $501,303.03
178 $501,303.03 $1,654.90 $0.00 $2,834.44 $505,792.37
179 $505,792.37 $1,654.90 $0.00 $2,859.82 $510,307.09
180 $510,307.09 $1,654.90 $0.00 $2,885.35 $514,847.34
181 $514,847.34 $1,654.90 $0.00 $2,911.02 $519,413.26
182 $519,413.26 $1,654.90 $0.00 $2,936.84 $524,005.00
183 $524,005.00 $1,654.90 $0.00 $2,962.80 $528,622.70
184 $528,622.70 $1,654.90 $0.00 $2,988.91 $533,266.51
185 $533,266.51 $1,654.90 $0.00 $3,015.17 $537,936.58
186 $537,936.58 $1,654.90 $0.00 $3,041.57 $542,633.05
187 $542,633.05 $1,654.90 $0.00 $3,068.13 $547,356.08
188 $547,356.08 $1,654.90 $0.00 $3,094.83 $552,105.81
189 $552,105.81 $1,654.90 $0.00 $3,121.69 $556,882.40
190 $556,882.40 $1,654.90 $0.00 $3,148.69 $561,685.99
191 $561,685.99 $1,654.90 $0.00 $3,175.85 $566,516.74
192 $566,516.74 $1,654.90 $0.00 $3,203.17 $571,374.81
193 $571,374.81 $1,654.90 $0.00 $3,230.64 $576,260.35
194 $576,260.35 $1,654.90 $0.00 $3,258.26 $581,173.51
195 $581,173.51 $1,654.90 $0.00 $3,286.04 $586,114.45
196 $586,114.45 $1,654.90 $0.00 $3,313.98 $591,083.33
197 $591,083.33 $1,654.90 $0.00 $3,342.07 $596,080.30
198 $596,080.30 $1,654.90 $0.00 $3,370.32 $601,105.52
199 $601,105.52 $1,654.90 $0.00 $3,398.74 $606,159.16
200 $606,159.16 $1,654.90 $0.00 $3,427.31 $611,241.37
201 $611,241.37 $1,654.90 $0.00 $3,456.05 $616,352.32
202 $616,352.32 $1,654.90 $0.00 $3,484.95 $621,492.17
203 $621,492.17 $1,654.90 $0.00 $3,514.01 $626,661.08
204 $626,661.08 $1,654.90 $0.00 $3,543.23 $631,859.21
205 $631,859.21 $1,654.90 $0.00 $3,572.62 $637,086.73
206 $637,086.73 $1,654.90 $0.00 $3,602.18 $642,343.81
207 $642,343.81 $1,654.90 $0.00 $3,631.91 $647,630.62
208 $647,630.62 $1,654.90 $0.00 $3,661.80 $652,947.32
209 $652,947.32 $1,654.90 $0.00 $3,691.86 $658,294.08
210 $658,294.08 $1,654.90 $0.00 $3,722.09 $663,671.07
211 $663,671.07 $1,654.90 $0.00 $3,752.49 $669,078.46
212 $669,078.46 $1,654.90 $0.00 $3,783.07 $674,516.43
213 $674,516.43 $1,654.90 $0.00 $3,813.81 $679,985.14
214 $679,985.14 $1,654.90 $0.00 $3,844.73 $685,484.77
215 $685,484.77 $1,654.90 $0.00 $3,875.83 $691,015.50
216 $691,015.50 $1,654.90 $0.00 $3,907.10 $696,577.50
217 $696,577.50 $1,654.90 $194,016.83 $3,938.55 $508,154.12
218 $508,154.12 $1,654.90 $0.00 $2,873.18 $512,682.20
219 $512,682.20 $1,654.90 $0.00 $2,898.78 $517,235.88
220 $517,235.88 $1,654.90 $0.00 $2,924.53 $521,815.31
221 $521,815.31 $1,654.90 $0.00 $2,950.42 $526,420.63
222 $526,420.63 $1,654.90 $0.00 $2,976.46 $531,051.99
223 $531,051.99 $1,654.90 $0.00 $3,002.65 $535,709.54
224 $535,709.54 $1,654.90 $0.00 $3,028.98 $540,393.42
225 $540,393.42 $1,654.90 $0.00 $3,055.46 $545,103.78
226 $545,103.78 $1,654.90 $0.00 $3,082.10 $549,840.78
227 $549,840.78 $1,654.90 $0.00 $3,108.88 $554,604.56
228 $554,604.56 $1,654.90 $0.00 $3,135.81 $559,395.27
229 $559,395.27 $1,654.90 $203,717.67 $3,162.90 $360,495.40
230 $360,495.40 $1,654.90 $0.00 $2,038.29 $364,188.59
231 $364,188.59 $1,654.90 $0.00 $2,059.18 $367,902.67
232 $367,902.67 $1,654.90 $0.00 $2,080.18 $371,637.75
233 $371,637.75 $1,654.90 $0.00 $2,101.29 $375,393.94
234 $375,393.94 $1,654.90 $0.00 $2,122.53 $379,171.37
235 $379,171.37 $1,654.90 $0.00 $2,143.89 $382,970.16
236 $382,970.16 $1,654.90 $0.00 $2,165.37 $386,790.43
237 $386,790.43 $1,654.90 $0.00 $2,186.97 $390,632.30
238 $390,632.30 $1,654.90 $0.00 $2,208.69 $394,495.89
239 $394,495.89 $1,654.90 $0.00 $2,230.54 $398,381.33
240 $398,381.33 $1,654.90 $0.00 $2,252.51 $402,288.74
241 $402,288.74 $1,654.90 $213,903.55 $2,274.60 $192,314.69
242 $192,314.69 $1,654.90 $0.00 $1,087.38 $195,056.97
243 $195,056.97 $1,654.90 $0.00 $1,102.88 $197,814.75
244 $197,814.75 $1,654.90 $0.00 $1,118.47 $200,588.12
245 $200,588.12 $1,654.90 $0.00 $1,134.15 $203,377.17
246 $203,377.17 $1,654.90 $0.00 $1,149.92 $206,181.99
247 $206,181.99 $1,654.90 $0.00 $1,165.78 $209,002.67
248 $209,002.67 $1,654.90 $0.00 $1,181.73 $211,839.30
249 $211,839.30 $1,654.90 $0.00 $1,197.77 $214,691.97
250 $214,691.97 $1,654.90 $0.00 $1,213.90 $217,560.77
251 $217,560.77 $1,654.90 $0.00 $1,230.12 $220,445.79
252 $220,445.79 $1,654.90 $0.00 $1,246.43 $223,347.12
253 $223,347.12 $0.00 $224,598.73 $1,262.84 $11.23