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 2040$202,224
Monthly savings required$1,601

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 $808,894.01 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,600.77 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$77,982.00
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 $1,600.77 $0.00 $0.00 $1,600.77
2 $1,600.77 $1,600.77 $0.00 $9.05 $3,210.59
3 $3,210.59 $1,600.77 $0.00 $18.15 $4,829.51
4 $4,829.51 $1,600.77 $0.00 $27.31 $6,457.59
5 $6,457.59 $1,600.77 $0.00 $36.51 $8,094.87
6 $8,094.87 $1,600.77 $0.00 $45.77 $9,741.41
7 $9,741.41 $1,600.77 $0.00 $55.08 $11,397.26
8 $11,397.26 $1,600.77 $0.00 $64.44 $13,062.47
9 $13,062.47 $1,600.77 $0.00 $73.86 $14,737.10
10 $14,737.10 $1,600.77 $0.00 $83.33 $16,421.20
11 $16,421.20 $1,600.77 $0.00 $92.85 $18,114.82
12 $18,114.82 $1,600.77 $0.00 $102.42 $19,818.01
13 $19,818.01 $1,600.77 $0.00 $112.05 $21,530.83
14 $21,530.83 $1,600.77 $0.00 $121.74 $23,253.34
15 $23,253.34 $1,600.77 $0.00 $131.48 $24,985.59
16 $24,985.59 $1,600.77 $0.00 $141.27 $26,727.63
17 $26,727.63 $1,600.77 $0.00 $151.12 $28,479.52
18 $28,479.52 $1,600.77 $0.00 $161.03 $30,241.32
19 $30,241.32 $1,600.77 $0.00 $170.99 $32,013.08
20 $32,013.08 $1,600.77 $0.00 $181.01 $33,794.86
21 $33,794.86 $1,600.77 $0.00 $191.08 $35,586.71
22 $35,586.71 $1,600.77 $0.00 $201.21 $37,388.69
23 $37,388.69 $1,600.77 $0.00 $211.40 $39,200.86
24 $39,200.86 $1,600.77 $0.00 $221.65 $41,023.28
25 $41,023.28 $1,600.77 $0.00 $231.95 $42,856.00
26 $42,856.00 $1,600.77 $0.00 $242.31 $44,699.08
27 $44,699.08 $1,600.77 $0.00 $252.74 $46,552.59
28 $46,552.59 $1,600.77 $0.00 $263.22 $48,416.58
29 $48,416.58 $1,600.77 $0.00 $273.75 $50,291.10
30 $50,291.10 $1,600.77 $0.00 $284.35 $52,176.22
31 $52,176.22 $1,600.77 $0.00 $295.01 $54,072.00
32 $54,072.00 $1,600.77 $0.00 $305.73 $55,978.50
33 $55,978.50 $1,600.77 $0.00 $316.51 $57,895.78
34 $57,895.78 $1,600.77 $0.00 $327.35 $59,823.90
35 $59,823.90 $1,600.77 $0.00 $338.25 $61,762.92
36 $61,762.92 $1,600.77 $0.00 $349.22 $63,712.91
37 $63,712.91 $1,600.77 $0.00 $360.24 $65,673.92
38 $65,673.92 $1,600.77 $0.00 $371.33 $67,646.02
39 $67,646.02 $1,600.77 $0.00 $382.48 $69,629.27
40 $69,629.27 $1,600.77 $0.00 $393.69 $71,623.73
41 $71,623.73 $1,600.77 $0.00 $404.97 $73,629.47
42 $73,629.47 $1,600.77 $0.00 $416.31 $75,646.55
43 $75,646.55 $1,600.77 $0.00 $427.72 $77,675.04
44 $77,675.04 $1,600.77 $0.00 $439.19 $79,715.00
45 $79,715.00 $1,600.77 $0.00 $450.72 $81,766.49
46 $81,766.49 $1,600.77 $0.00 $462.32 $83,829.58
47 $83,829.58 $1,600.77 $0.00 $473.98 $85,904.33
48 $85,904.33 $1,600.77 $0.00 $485.72 $87,990.82
49 $87,990.82 $1,600.77 $0.00 $497.51 $90,089.10
50 $90,089.10 $1,600.77 $0.00 $509.38 $92,199.25
51 $92,199.25 $1,600.77 $0.00 $521.31 $94,321.33
52 $94,321.33 $1,600.77 $0.00 $533.31 $96,455.41
53 $96,455.41 $1,600.77 $0.00 $545.37 $98,601.55
54 $98,601.55 $1,600.77 $0.00 $557.51 $100,759.83
55 $100,759.83 $1,600.77 $0.00 $569.71 $102,930.31
56 $102,930.31 $1,600.77 $0.00 $581.98 $105,113.06
57 $105,113.06 $1,600.77 $0.00 $594.32 $107,308.15
58 $107,308.15 $1,600.77 $0.00 $606.74 $109,515.66
59 $109,515.66 $1,600.77 $0.00 $619.22 $111,735.65
60 $111,735.65 $1,600.77 $0.00 $631.77 $113,968.19
61 $113,968.19 $1,600.77 $0.00 $644.39 $116,213.35
62 $116,213.35 $1,600.77 $0.00 $657.09 $118,471.21
63 $118,471.21 $1,600.77 $0.00 $669.85 $120,741.83
64 $120,741.83 $1,600.77 $0.00 $682.69 $123,025.29
65 $123,025.29 $1,600.77 $0.00 $695.60 $125,321.66
66 $125,321.66 $1,600.77 $0.00 $708.59 $127,631.02
67 $127,631.02 $1,600.77 $0.00 $721.64 $129,953.43
68 $129,953.43 $1,600.77 $0.00 $734.78 $132,288.98
69 $132,288.98 $1,600.77 $0.00 $747.98 $134,637.73
70 $134,637.73 $1,600.77 $0.00 $761.26 $136,999.76
71 $136,999.76 $1,600.77 $0.00 $774.62 $139,375.15
72 $139,375.15 $1,600.77 $0.00 $788.05 $141,763.97
73 $141,763.97 $1,600.77 $0.00 $801.55 $144,166.29
74 $144,166.29 $1,600.77 $0.00 $815.14 $146,582.20
75 $146,582.20 $1,600.77 $0.00 $828.80 $149,011.77
76 $149,011.77 $1,600.77 $0.00 $842.53 $151,455.07
77 $151,455.07 $1,600.77 $0.00 $856.35 $153,912.19
78 $153,912.19 $1,600.77 $0.00 $870.24 $156,383.20
79 $156,383.20 $1,600.77 $0.00 $884.21 $158,868.18
80 $158,868.18 $1,600.77 $0.00 $898.26 $161,367.21
81 $161,367.21 $1,600.77 $0.00 $912.39 $163,880.37
82 $163,880.37 $1,600.77 $0.00 $926.60 $166,407.74
83 $166,407.74 $1,600.77 $0.00 $940.89 $168,949.40
84 $168,949.40 $1,600.77 $0.00 $955.26 $171,505.43
85 $171,505.43 $1,600.77 $0.00 $969.72 $174,075.92
86 $174,075.92 $1,600.77 $0.00 $984.25 $176,660.94
87 $176,660.94 $1,600.77 $0.00 $998.87 $179,260.58
88 $179,260.58 $1,600.77 $0.00 $1,013.57 $181,874.92
89 $181,874.92 $1,600.77 $0.00 $1,028.35 $184,504.04
90 $184,504.04 $1,600.77 $0.00 $1,043.21 $187,148.02
91 $187,148.02 $1,600.77 $0.00 $1,058.16 $189,806.95
92 $189,806.95 $1,600.77 $0.00 $1,073.20 $192,480.92
93 $192,480.92 $1,600.77 $0.00 $1,088.32 $195,170.01
94 $195,170.01 $1,600.77 $0.00 $1,103.52 $197,874.30
95 $197,874.30 $1,600.77 $0.00 $1,118.81 $200,593.88
96 $200,593.88 $1,600.77 $0.00 $1,134.19 $203,328.84
97 $203,328.84 $1,600.77 $0.00 $1,149.65 $206,079.26
98 $206,079.26 $1,600.77 $0.00 $1,165.20 $208,845.23
99 $208,845.23 $1,600.77 $0.00 $1,180.84 $211,626.84
100 $211,626.84 $1,600.77 $0.00 $1,196.57 $214,424.18
101 $214,424.18 $1,600.77 $0.00 $1,212.39 $217,237.34
102 $217,237.34 $1,600.77 $0.00 $1,228.29 $220,066.40
103 $220,066.40 $1,600.77 $0.00 $1,244.29 $222,911.46
104 $222,911.46 $1,600.77 $0.00 $1,260.37 $225,772.60
105 $225,772.60 $1,600.77 $0.00 $1,276.55 $228,649.92
106 $228,649.92 $1,600.77 $0.00 $1,292.82 $231,543.51
107 $231,543.51 $1,600.77 $0.00 $1,309.18 $234,453.46
108 $234,453.46 $1,600.77 $0.00 $1,325.63 $237,379.86
109 $237,379.86 $1,600.77 $0.00 $1,342.18 $240,322.81
110 $240,322.81 $1,600.77 $0.00 $1,358.82 $243,282.40
111 $243,282.40 $1,600.77 $0.00 $1,375.55 $246,258.72
112 $246,258.72 $1,600.77 $0.00 $1,392.38 $249,251.87
113 $249,251.87 $1,600.77 $0.00 $1,409.31 $252,261.95
114 $252,261.95 $1,600.77 $0.00 $1,426.33 $255,289.05
115 $255,289.05 $1,600.77 $0.00 $1,443.44 $258,333.26
116 $258,333.26 $1,600.77 $0.00 $1,460.65 $261,394.68
117 $261,394.68 $1,600.77 $0.00 $1,477.96 $264,473.41
118 $264,473.41 $1,600.77 $0.00 $1,495.37 $267,569.55
119 $267,569.55 $1,600.77 $0.00 $1,512.88 $270,683.20
120 $270,683.20 $1,600.77 $0.00 $1,530.48 $273,814.45
121 $273,814.45 $1,600.77 $0.00 $1,548.19 $276,963.41
122 $276,963.41 $1,600.77 $0.00 $1,565.99 $280,130.17
123 $280,130.17 $1,600.77 $0.00 $1,583.90 $283,314.84
124 $283,314.84 $1,600.77 $0.00 $1,601.90 $286,517.51
125 $286,517.51 $1,600.77 $0.00 $1,620.01 $289,738.29
126 $289,738.29 $1,600.77 $0.00 $1,638.22 $292,977.28
127 $292,977.28 $1,600.77 $0.00 $1,656.54 $296,234.59
128 $296,234.59 $1,600.77 $0.00 $1,674.95 $299,510.31
129 $299,510.31 $1,600.77 $0.00 $1,693.47 $302,804.55
130 $302,804.55 $1,600.77 $0.00 $1,712.10 $306,117.42
131 $306,117.42 $1,600.77 $0.00 $1,730.83 $309,449.02
132 $309,449.02 $1,600.77 $0.00 $1,749.67 $312,799.46
133 $312,799.46 $1,600.77 $0.00 $1,768.61 $316,168.84
134 $316,168.84 $1,600.77 $0.00 $1,787.66 $319,557.27
135 $319,557.27 $1,600.77 $0.00 $1,806.82 $322,964.86
136 $322,964.86 $1,600.77 $0.00 $1,826.09 $326,391.72
137 $326,391.72 $1,600.77 $0.00 $1,845.47 $329,837.96
138 $329,837.96 $1,600.77 $0.00 $1,864.95 $333,303.68
139 $333,303.68 $1,600.77 $0.00 $1,884.55 $336,789.00
140 $336,789.00 $1,600.77 $0.00 $1,904.25 $340,294.02
141 $340,294.02 $1,600.77 $0.00 $1,924.07 $343,818.86
142 $343,818.86 $1,600.77 $0.00 $1,944.00 $347,363.63
143 $347,363.63 $1,600.77 $0.00 $1,964.04 $350,928.44
144 $350,928.44 $1,600.77 $0.00 $1,984.20 $354,513.41
145 $354,513.41 $1,600.77 $0.00 $2,004.47 $358,118.65
146 $358,118.65 $1,600.77 $0.00 $2,024.85 $361,744.27
147 $361,744.27 $1,600.77 $0.00 $2,045.35 $365,390.39
148 $365,390.39 $1,600.77 $0.00 $2,065.97 $369,057.13
149 $369,057.13 $1,600.77 $0.00 $2,086.70 $372,744.60
150 $372,744.60 $1,600.77 $0.00 $2,107.55 $376,452.92
151 $376,452.92 $1,600.77 $0.00 $2,128.52 $380,182.21
152 $380,182.21 $1,600.77 $0.00 $2,149.61 $383,932.59
153 $383,932.59 $1,600.77 $0.00 $2,170.81 $387,704.17
154 $387,704.17 $1,600.77 $0.00 $2,192.14 $391,497.08
155 $391,497.08 $1,600.77 $0.00 $2,213.58 $395,311.43
156 $395,311.43 $1,600.77 $0.00 $2,235.15 $399,147.35
157 $399,147.35 $1,600.77 $0.00 $2,256.84 $403,004.96
158 $403,004.96 $1,600.77 $0.00 $2,278.65 $406,884.38
159 $406,884.38 $1,600.77 $0.00 $2,300.58 $410,785.73
160 $410,785.73 $1,600.77 $0.00 $2,322.64 $414,709.14
161 $414,709.14 $1,600.77 $0.00 $2,344.83 $418,654.74
162 $418,654.74 $1,600.77 $0.00 $2,367.13 $422,622.64
163 $422,622.64 $1,600.77 $0.00 $2,389.57 $426,612.98
164 $426,612.98 $1,600.77 $0.00 $2,412.13 $430,625.88
165 $430,625.88 $1,600.77 $0.00 $2,434.82 $434,661.47
166 $434,661.47 $1,600.77 $0.00 $2,457.64 $438,719.88
167 $438,719.88 $1,600.77 $0.00 $2,480.59 $442,801.24
168 $442,801.24 $1,600.77 $0.00 $2,503.66 $446,905.67
169 $446,905.67 $1,600.77 $0.00 $2,526.87 $451,033.31
170 $451,033.31 $1,600.77 $0.00 $2,550.21 $455,184.29
171 $455,184.29 $1,600.77 $0.00 $2,573.68 $459,358.74
172 $459,358.74 $1,600.77 $0.00 $2,597.28 $463,556.79
173 $463,556.79 $1,600.77 $0.00 $2,621.02 $467,778.58
174 $467,778.58 $1,600.77 $0.00 $2,644.89 $472,024.24
175 $472,024.24 $1,600.77 $0.00 $2,668.89 $476,293.90
176 $476,293.90 $1,600.77 $0.00 $2,693.03 $480,587.70
177 $480,587.70 $1,600.77 $0.00 $2,717.31 $484,905.78
178 $484,905.78 $1,600.77 $0.00 $2,741.73 $489,248.28
179 $489,248.28 $1,600.77 $0.00 $2,766.28 $493,615.33
180 $493,615.33 $1,600.77 $0.00 $2,790.97 $498,007.07
181 $498,007.07 $1,600.77 $0.00 $2,815.80 $502,423.64
182 $502,423.64 $1,600.77 $0.00 $2,840.78 $506,865.19
183 $506,865.19 $1,600.77 $0.00 $2,865.89 $511,331.85
184 $511,331.85 $1,600.77 $0.00 $2,891.14 $515,823.76
185 $515,823.76 $1,600.77 $0.00 $2,916.54 $520,341.07
186 $520,341.07 $1,600.77 $0.00 $2,942.08 $524,883.92
187 $524,883.92 $1,600.77 $0.00 $2,967.77 $529,452.46
188 $529,452.46 $1,600.77 $0.00 $2,993.60 $534,046.83
189 $534,046.83 $1,600.77 $0.00 $3,019.58 $538,667.18
190 $538,667.18 $1,600.77 $0.00 $3,045.70 $543,313.65
191 $543,313.65 $1,600.77 $0.00 $3,071.97 $547,986.39
192 $547,986.39 $1,600.77 $0.00 $3,098.39 $552,685.55
193 $552,685.55 $1,600.77 $0.00 $3,124.96 $557,411.28
194 $557,411.28 $1,600.77 $0.00 $3,151.68 $562,163.73
195 $562,163.73 $1,600.77 $0.00 $3,178.56 $566,943.06
196 $566,943.06 $1,600.77 $0.00 $3,205.58 $571,749.41
197 $571,749.41 $1,600.77 $0.00 $3,232.75 $576,582.93
198 $576,582.93 $1,600.77 $0.00 $3,260.08 $581,443.78
199 $581,443.78 $1,600.77 $0.00 $3,287.57 $586,332.12
200 $586,332.12 $1,600.77 $0.00 $3,315.21 $591,248.10
201 $591,248.10 $1,600.77 $0.00 $3,343.00 $596,191.87
202 $596,191.87 $1,600.77 $0.00 $3,370.96 $601,163.60
203 $601,163.60 $1,600.77 $0.00 $3,399.07 $606,163.44
204 $606,163.44 $1,600.77 $0.00 $3,427.34 $611,191.55
205 $611,191.55 $1,600.77 $0.00 $3,455.77 $616,248.09
206 $616,248.09 $1,600.77 $0.00 $3,484.36 $621,333.22
207 $621,333.22 $1,600.77 $0.00 $3,513.11 $626,447.10
208 $626,447.10 $1,600.77 $0.00 $3,542.02 $631,589.89
209 $631,589.89 $1,600.77 $0.00 $3,571.10 $636,761.76
210 $636,761.76 $1,600.77 $0.00 $3,600.34 $641,962.87
211 $641,962.87 $1,600.77 $0.00 $3,629.75 $647,193.39
212 $647,193.39 $1,600.77 $0.00 $3,659.33 $652,453.49
213 $652,453.49 $1,600.77 $0.00 $3,689.07 $657,743.33
214 $657,743.33 $1,600.77 $0.00 $3,718.98 $663,063.08
215 $663,063.08 $1,600.77 $0.00 $3,749.06 $668,412.91
216 $668,412.91 $1,600.77 $0.00 $3,779.30 $673,792.98
217 $673,792.98 $1,600.77 $187,672.98 $3,809.72 $491,530.49
218 $491,530.49 $1,600.77 $0.00 $2,779.18 $495,910.44
219 $495,910.44 $1,600.77 $0.00 $2,803.95 $500,315.16
220 $500,315.16 $1,600.77 $0.00 $2,828.85 $504,744.78
221 $504,744.78 $1,600.77 $0.00 $2,853.90 $509,199.45
222 $509,199.45 $1,600.77 $0.00 $2,879.09 $513,679.31
223 $513,679.31 $1,600.77 $0.00 $2,904.42 $518,184.50
224 $518,184.50 $1,600.77 $0.00 $2,929.89 $522,715.16
225 $522,715.16 $1,600.77 $0.00 $2,955.51 $527,271.44
226 $527,271.44 $1,600.77 $0.00 $2,981.27 $531,853.48
227 $531,853.48 $1,600.77 $0.00 $3,007.18 $536,461.43
228 $536,461.43 $1,600.77 $0.00 $3,033.23 $541,095.43
229 $541,095.43 $1,600.77 $197,056.63 $3,059.43 $348,699.00
230 $348,699.00 $1,600.77 $0.00 $1,971.59 $352,271.36
231 $352,271.36 $1,600.77 $0.00 $1,991.79 $355,863.92
232 $355,863.92 $1,600.77 $0.00 $2,012.11 $359,476.80
233 $359,476.80 $1,600.77 $0.00 $2,032.53 $363,110.10
234 $363,110.10 $1,600.77 $0.00 $2,053.08 $366,763.95
235 $366,763.95 $1,600.77 $0.00 $2,073.74 $370,438.46
236 $370,438.46 $1,600.77 $0.00 $2,094.51 $374,133.74
237 $374,133.74 $1,600.77 $0.00 $2,115.41 $377,849.92
238 $377,849.92 $1,600.77 $0.00 $2,136.42 $381,587.11
239 $381,587.11 $1,600.77 $0.00 $2,157.55 $385,345.43
240 $385,345.43 $1,600.77 $0.00 $2,178.80 $389,125.00
241 $389,125.00 $1,600.77 $206,909.46 $2,200.17 $186,016.48
242 $186,016.48 $1,600.77 $0.00 $1,051.76 $188,669.01
243 $188,669.01 $1,600.77 $0.00 $1,066.76 $191,336.54
244 $191,336.54 $1,600.77 $0.00 $1,081.84 $194,019.15
245 $194,019.15 $1,600.77 $0.00 $1,097.01 $196,716.93
246 $196,716.93 $1,600.77 $0.00 $1,112.27 $199,429.97
247 $199,429.97 $1,600.77 $0.00 $1,127.61 $202,158.35
248 $202,158.35 $1,600.77 $0.00 $1,143.03 $204,902.15
249 $204,902.15 $1,600.77 $0.00 $1,158.55 $207,661.47
250 $207,661.47 $1,600.77 $0.00 $1,174.15 $210,436.39
251 $210,436.39 $1,600.77 $0.00 $1,189.84 $213,227.00
252 $213,227.00 $1,600.77 $0.00 $1,205.62 $216,033.39
253 $216,033.39 $0.00 $217,254.93 $1,221.48 ($0.06)