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 2039$196,358
Monthly savings required$1,554

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 $785,430.67 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,554.34 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$75,720.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Franklin and Marshall College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,554.34 $0.00 $0.00 $1,554.34
2 $1,554.34 $1,554.34 $0.00 $8.79 $3,117.47
3 $3,117.47 $1,554.34 $0.00 $17.63 $4,689.44
4 $4,689.44 $1,554.34 $0.00 $26.51 $6,270.29
5 $6,270.29 $1,554.34 $0.00 $35.45 $7,860.08
6 $7,860.08 $1,554.34 $0.00 $44.44 $9,458.86
7 $9,458.86 $1,554.34 $0.00 $53.48 $11,066.68
8 $11,066.68 $1,554.34 $0.00 $62.57 $12,683.59
9 $12,683.59 $1,554.34 $0.00 $71.71 $14,309.64
10 $14,309.64 $1,554.34 $0.00 $80.91 $15,944.89
11 $15,944.89 $1,554.34 $0.00 $90.15 $17,589.38
12 $17,589.38 $1,554.34 $0.00 $99.45 $19,243.17
13 $19,243.17 $1,554.34 $0.00 $108.80 $20,906.31
14 $20,906.31 $1,554.34 $0.00 $118.21 $22,578.86
15 $22,578.86 $1,554.34 $0.00 $127.66 $24,260.86
16 $24,260.86 $1,554.34 $0.00 $137.17 $25,952.37
17 $25,952.37 $1,554.34 $0.00 $146.74 $27,653.45
18 $27,653.45 $1,554.34 $0.00 $156.36 $29,364.15
19 $29,364.15 $1,554.34 $0.00 $166.03 $31,084.52
20 $31,084.52 $1,554.34 $0.00 $175.76 $32,814.62
21 $32,814.62 $1,554.34 $0.00 $185.54 $34,554.50
22 $34,554.50 $1,554.34 $0.00 $195.38 $36,304.22
23 $36,304.22 $1,554.34 $0.00 $205.27 $38,063.83
24 $38,063.83 $1,554.34 $0.00 $215.22 $39,833.39
25 $39,833.39 $1,554.34 $0.00 $225.22 $41,612.95
26 $41,612.95 $1,554.34 $0.00 $235.29 $43,402.58
27 $43,402.58 $1,554.34 $0.00 $245.40 $45,202.32
28 $45,202.32 $1,554.34 $0.00 $255.58 $47,012.24
29 $47,012.24 $1,554.34 $0.00 $265.81 $48,832.39
30 $48,832.39 $1,554.34 $0.00 $276.11 $50,662.84
31 $50,662.84 $1,554.34 $0.00 $286.46 $52,503.64
32 $52,503.64 $1,554.34 $0.00 $296.86 $54,354.84
33 $54,354.84 $1,554.34 $0.00 $307.33 $56,216.51
34 $56,216.51 $1,554.34 $0.00 $317.86 $58,088.71
35 $58,088.71 $1,554.34 $0.00 $328.44 $59,971.49
36 $59,971.49 $1,554.34 $0.00 $339.09 $61,864.92
37 $61,864.92 $1,554.34 $0.00 $349.79 $63,769.05
38 $63,769.05 $1,554.34 $0.00 $360.56 $65,683.95
39 $65,683.95 $1,554.34 $0.00 $371.39 $67,609.68
40 $67,609.68 $1,554.34 $0.00 $382.27 $69,546.29
41 $69,546.29 $1,554.34 $0.00 $393.22 $71,493.85
42 $71,493.85 $1,554.34 $0.00 $404.24 $73,452.43
43 $73,452.43 $1,554.34 $0.00 $415.31 $75,422.08
44 $75,422.08 $1,554.34 $0.00 $426.45 $77,402.87
45 $77,402.87 $1,554.34 $0.00 $437.65 $79,394.86
46 $79,394.86 $1,554.34 $0.00 $448.91 $81,398.11
47 $81,398.11 $1,554.34 $0.00 $460.24 $83,412.69
48 $83,412.69 $1,554.34 $0.00 $471.63 $85,438.66
49 $85,438.66 $1,554.34 $0.00 $483.08 $87,476.08
50 $87,476.08 $1,554.34 $0.00 $494.60 $89,525.02
51 $89,525.02 $1,554.34 $0.00 $506.19 $91,585.55
52 $91,585.55 $1,554.34 $0.00 $517.84 $93,657.73
53 $93,657.73 $1,554.34 $0.00 $529.55 $95,741.62
54 $95,741.62 $1,554.34 $0.00 $541.34 $97,837.30
55 $97,837.30 $1,554.34 $0.00 $553.19 $99,944.83
56 $99,944.83 $1,554.34 $0.00 $565.10 $102,064.27
57 $102,064.27 $1,554.34 $0.00 $577.09 $104,195.70
58 $104,195.70 $1,554.34 $0.00 $589.14 $106,339.18
59 $106,339.18 $1,554.34 $0.00 $601.26 $108,494.78
60 $108,494.78 $1,554.34 $0.00 $613.45 $110,662.57
61 $110,662.57 $1,554.34 $0.00 $625.70 $112,842.61
62 $112,842.61 $1,554.34 $0.00 $638.03 $115,034.98
63 $115,034.98 $1,554.34 $0.00 $650.42 $117,239.74
64 $117,239.74 $1,554.34 $0.00 $662.89 $119,456.97
65 $119,456.97 $1,554.34 $0.00 $675.43 $121,686.74
66 $121,686.74 $1,554.34 $0.00 $688.03 $123,929.11
67 $123,929.11 $1,554.34 $0.00 $700.71 $126,184.16
68 $126,184.16 $1,554.34 $0.00 $713.46 $128,451.96
69 $128,451.96 $1,554.34 $0.00 $726.29 $130,732.59
70 $130,732.59 $1,554.34 $0.00 $739.18 $133,026.11
71 $133,026.11 $1,554.34 $0.00 $752.15 $135,332.60
72 $135,332.60 $1,554.34 $0.00 $765.19 $137,652.13
73 $137,652.13 $1,554.34 $0.00 $778.31 $139,984.78
74 $139,984.78 $1,554.34 $0.00 $791.49 $142,330.61
75 $142,330.61 $1,554.34 $0.00 $804.76 $144,689.71
76 $144,689.71 $1,554.34 $0.00 $818.10 $147,062.15
77 $147,062.15 $1,554.34 $0.00 $831.51 $149,448.00
78 $149,448.00 $1,554.34 $0.00 $845.00 $151,847.34
79 $151,847.34 $1,554.34 $0.00 $858.57 $154,260.25
80 $154,260.25 $1,554.34 $0.00 $872.21 $156,686.80
81 $156,686.80 $1,554.34 $0.00 $885.93 $159,127.07
82 $159,127.07 $1,554.34 $0.00 $899.73 $161,581.14
83 $161,581.14 $1,554.34 $0.00 $913.60 $164,049.08
84 $164,049.08 $1,554.34 $0.00 $927.56 $166,530.98
85 $166,530.98 $1,554.34 $0.00 $941.59 $169,026.91
86 $169,026.91 $1,554.34 $0.00 $955.70 $171,536.95
87 $171,536.95 $1,554.34 $0.00 $969.89 $174,061.18
88 $174,061.18 $1,554.34 $0.00 $984.17 $176,599.69
89 $176,599.69 $1,554.34 $0.00 $998.52 $179,152.55
90 $179,152.55 $1,554.34 $0.00 $1,012.95 $181,719.84
91 $181,719.84 $1,554.34 $0.00 $1,027.47 $184,301.65
92 $184,301.65 $1,554.34 $0.00 $1,042.07 $186,898.06
93 $186,898.06 $1,554.34 $0.00 $1,056.75 $189,509.15
94 $189,509.15 $1,554.34 $0.00 $1,071.51 $192,135.00
95 $192,135.00 $1,554.34 $0.00 $1,086.36 $194,775.70
96 $194,775.70 $1,554.34 $0.00 $1,101.29 $197,431.33
97 $197,431.33 $1,554.34 $0.00 $1,116.31 $200,101.98
98 $200,101.98 $1,554.34 $0.00 $1,131.41 $202,787.73
99 $202,787.73 $1,554.34 $0.00 $1,146.59 $205,488.66
100 $205,488.66 $1,554.34 $0.00 $1,161.86 $208,204.86
101 $208,204.86 $1,554.34 $0.00 $1,177.22 $210,936.42
102 $210,936.42 $1,554.34 $0.00 $1,192.67 $213,683.43
103 $213,683.43 $1,554.34 $0.00 $1,208.20 $216,445.97
104 $216,445.97 $1,554.34 $0.00 $1,223.82 $219,224.13
105 $219,224.13 $1,554.34 $0.00 $1,239.53 $222,018.00
106 $222,018.00 $1,554.34 $0.00 $1,255.32 $224,827.66
107 $224,827.66 $1,554.34 $0.00 $1,271.21 $227,653.21
108 $227,653.21 $1,554.34 $0.00 $1,287.18 $230,494.73
109 $230,494.73 $1,554.34 $0.00 $1,303.25 $233,352.32
110 $233,352.32 $1,554.34 $0.00 $1,319.41 $236,226.07
111 $236,226.07 $1,554.34 $0.00 $1,335.66 $239,116.07
112 $239,116.07 $1,554.34 $0.00 $1,352.00 $242,022.41
113 $242,022.41 $1,554.34 $0.00 $1,368.43 $244,945.18
114 $244,945.18 $1,554.34 $0.00 $1,384.96 $247,884.48
115 $247,884.48 $1,554.34 $0.00 $1,401.57 $250,840.39
116 $250,840.39 $1,554.34 $0.00 $1,418.29 $253,813.02
117 $253,813.02 $1,554.34 $0.00 $1,435.10 $256,802.46
118 $256,802.46 $1,554.34 $0.00 $1,452.00 $259,808.80
119 $259,808.80 $1,554.34 $0.00 $1,469.00 $262,832.14
120 $262,832.14 $1,554.34 $0.00 $1,486.09 $265,872.57
121 $265,872.57 $1,554.34 $0.00 $1,503.28 $268,930.19
122 $268,930.19 $1,554.34 $0.00 $1,520.57 $272,005.10
123 $272,005.10 $1,554.34 $0.00 $1,537.96 $275,097.40
124 $275,097.40 $1,554.34 $0.00 $1,555.44 $278,207.18
125 $278,207.18 $1,554.34 $0.00 $1,573.02 $281,334.54
126 $281,334.54 $1,554.34 $0.00 $1,590.71 $284,479.59
127 $284,479.59 $1,554.34 $0.00 $1,608.49 $287,642.42
128 $287,642.42 $1,554.34 $0.00 $1,626.37 $290,823.13
129 $290,823.13 $1,554.34 $0.00 $1,644.36 $294,021.83
130 $294,021.83 $1,554.34 $0.00 $1,662.44 $297,238.61
131 $297,238.61 $1,554.34 $0.00 $1,680.63 $300,473.58
132 $300,473.58 $1,554.34 $0.00 $1,698.92 $303,726.84
133 $303,726.84 $1,554.34 $0.00 $1,717.32 $306,998.50
134 $306,998.50 $1,554.34 $0.00 $1,735.81 $310,288.65
135 $310,288.65 $1,554.34 $0.00 $1,754.42 $313,597.41
136 $313,597.41 $1,554.34 $0.00 $1,773.13 $316,924.88
137 $316,924.88 $1,554.34 $0.00 $1,791.94 $320,271.16
138 $320,271.16 $1,554.34 $0.00 $1,810.86 $323,636.36
139 $323,636.36 $1,554.34 $0.00 $1,829.89 $327,020.59
140 $327,020.59 $1,554.34 $0.00 $1,849.02 $330,423.95
141 $330,423.95 $1,554.34 $0.00 $1,868.27 $333,846.56
142 $333,846.56 $1,554.34 $0.00 $1,887.62 $337,288.52
143 $337,288.52 $1,554.34 $0.00 $1,907.08 $340,749.94
144 $340,749.94 $1,554.34 $0.00 $1,926.65 $344,230.93
145 $344,230.93 $1,554.34 $0.00 $1,946.33 $347,731.60
146 $347,731.60 $1,554.34 $0.00 $1,966.13 $351,252.07
147 $351,252.07 $1,554.34 $0.00 $1,986.03 $354,792.44
148 $354,792.44 $1,554.34 $0.00 $2,006.05 $358,352.83
149 $358,352.83 $1,554.34 $0.00 $2,026.18 $361,933.35
150 $361,933.35 $1,554.34 $0.00 $2,046.42 $365,534.11
151 $365,534.11 $1,554.34 $0.00 $2,066.78 $369,155.23
152 $369,155.23 $1,554.34 $0.00 $2,087.26 $372,796.83
153 $372,796.83 $1,554.34 $0.00 $2,107.85 $376,459.02
154 $376,459.02 $1,554.34 $0.00 $2,128.55 $380,141.91
155 $380,141.91 $1,554.34 $0.00 $2,149.38 $383,845.63
156 $383,845.63 $1,554.34 $0.00 $2,170.32 $387,570.29
157 $387,570.29 $1,554.34 $0.00 $2,191.38 $391,316.01
158 $391,316.01 $1,554.34 $0.00 $2,212.56 $395,082.91
159 $395,082.91 $1,554.34 $0.00 $2,233.86 $398,871.11
160 $398,871.11 $1,554.34 $0.00 $2,255.28 $402,680.73
161 $402,680.73 $1,554.34 $0.00 $2,276.82 $406,511.89
162 $406,511.89 $1,554.34 $0.00 $2,298.48 $410,364.71
163 $410,364.71 $1,554.34 $0.00 $2,320.26 $414,239.31
164 $414,239.31 $1,554.34 $0.00 $2,342.17 $418,135.82
165 $418,135.82 $1,554.34 $0.00 $2,364.20 $422,054.36
166 $422,054.36 $1,554.34 $0.00 $2,386.36 $425,995.06
167 $425,995.06 $1,554.34 $0.00 $2,408.64 $429,958.04
168 $429,958.04 $1,554.34 $0.00 $2,431.05 $433,943.43
169 $433,943.43 $1,554.34 $0.00 $2,453.58 $437,951.35
170 $437,951.35 $1,554.34 $0.00 $2,476.24 $441,981.93
171 $441,981.93 $1,554.34 $0.00 $2,499.03 $446,035.30
172 $446,035.30 $1,554.34 $0.00 $2,521.95 $450,111.59
173 $450,111.59 $1,554.34 $0.00 $2,545.00 $454,210.93
174 $454,210.93 $1,554.34 $0.00 $2,568.17 $458,333.44
175 $458,333.44 $1,554.34 $0.00 $2,591.48 $462,479.26
176 $462,479.26 $1,554.34 $0.00 $2,614.92 $466,648.52
177 $466,648.52 $1,554.34 $0.00 $2,638.50 $470,841.36
178 $470,841.36 $1,554.34 $0.00 $2,662.21 $475,057.91
179 $475,057.91 $1,554.34 $0.00 $2,686.05 $479,298.30
180 $479,298.30 $1,554.34 $0.00 $2,710.02 $483,562.66
181 $483,562.66 $1,554.34 $0.00 $2,734.13 $487,851.13
182 $487,851.13 $1,554.34 $0.00 $2,758.38 $492,163.85
183 $492,163.85 $1,554.34 $0.00 $2,782.77 $496,500.96
184 $496,500.96 $1,554.34 $0.00 $2,807.29 $500,862.59
185 $500,862.59 $1,554.34 $0.00 $2,831.95 $505,248.88
186 $505,248.88 $1,554.34 $0.00 $2,856.75 $509,659.97
187 $509,659.97 $1,554.34 $0.00 $2,881.69 $514,096.00
188 $514,096.00 $1,554.34 $0.00 $2,906.77 $518,557.11
189 $518,557.11 $1,554.34 $0.00 $2,932.00 $523,043.45
190 $523,043.45 $1,554.34 $0.00 $2,957.36 $527,555.15
191 $527,555.15 $1,554.34 $0.00 $2,982.87 $532,092.36
192 $532,092.36 $1,554.34 $0.00 $3,008.53 $536,655.23
193 $536,655.23 $1,554.34 $0.00 $3,034.33 $541,243.90
194 $541,243.90 $1,554.34 $0.00 $3,060.27 $545,858.51
195 $545,858.51 $1,554.34 $0.00 $3,086.36 $550,499.21
196 $550,499.21 $1,554.34 $0.00 $3,112.60 $555,166.15
197 $555,166.15 $1,554.34 $0.00 $3,138.99 $559,859.48
198 $559,859.48 $1,554.34 $0.00 $3,165.53 $564,579.35
199 $564,579.35 $1,554.34 $0.00 $3,192.21 $569,325.90
200 $569,325.90 $1,554.34 $0.00 $3,219.05 $574,099.29
201 $574,099.29 $1,554.34 $0.00 $3,246.04 $578,899.67
202 $578,899.67 $1,554.34 $0.00 $3,273.18 $583,727.19
203 $583,727.19 $1,554.34 $0.00 $3,300.48 $588,582.01
204 $588,582.01 $1,554.34 $0.00 $3,327.93 $593,464.28
205 $593,464.28 $1,554.34 $0.00 $3,355.53 $598,374.15
206 $598,374.15 $1,554.34 $0.00 $3,383.29 $603,311.78
207 $603,311.78 $1,554.34 $0.00 $3,411.21 $608,277.33
208 $608,277.33 $1,554.34 $0.00 $3,439.29 $613,270.96
209 $613,270.96 $1,554.34 $0.00 $3,467.52 $618,292.82
210 $618,292.82 $1,554.34 $0.00 $3,495.92 $623,343.08
211 $623,343.08 $1,554.34 $0.00 $3,524.47 $628,421.89
212 $628,421.89 $1,554.34 $0.00 $3,553.19 $633,529.42
213 $633,529.42 $1,554.34 $0.00 $3,582.07 $638,665.83
214 $638,665.83 $1,554.34 $0.00 $3,611.11 $643,831.28
215 $643,831.28 $1,554.34 $0.00 $3,640.32 $649,025.94
216 $649,025.94 $1,554.34 $0.00 $3,669.69 $654,249.97
217 $654,249.97 $1,554.34 $182,229.21 $3,699.22 $477,274.32
218 $477,274.32 $1,554.34 $0.00 $2,698.58 $481,527.24
219 $481,527.24 $1,554.34 $0.00 $2,722.63 $485,804.21
220 $485,804.21 $1,554.34 $0.00 $2,746.81 $490,105.36
221 $490,105.36 $1,554.34 $0.00 $2,771.13 $494,430.83
222 $494,430.83 $1,554.34 $0.00 $2,795.58 $498,780.75
223 $498,780.75 $1,554.34 $0.00 $2,820.18 $503,155.27
224 $503,155.27 $1,554.34 $0.00 $2,844.91 $507,554.52
225 $507,554.52 $1,554.34 $0.00 $2,869.79 $511,978.65
226 $511,978.65 $1,554.34 $0.00 $2,894.80 $516,427.79
227 $516,427.79 $1,554.34 $0.00 $2,919.96 $520,902.09
228 $520,902.09 $1,554.34 $0.00 $2,945.26 $525,401.69
229 $525,401.69 $1,554.34 $191,340.67 $2,970.70 $338,586.06
230 $338,586.06 $1,554.34 $0.00 $1,914.41 $342,054.81
231 $342,054.81 $1,554.34 $0.00 $1,934.03 $345,543.18
232 $345,543.18 $1,554.34 $0.00 $1,953.75 $349,051.27
233 $349,051.27 $1,554.34 $0.00 $1,973.59 $352,579.20
234 $352,579.20 $1,554.34 $0.00 $1,993.53 $356,127.07
235 $356,127.07 $1,554.34 $0.00 $2,013.59 $359,695.00
236 $359,695.00 $1,554.34 $0.00 $2,033.77 $363,283.11
237 $363,283.11 $1,554.34 $0.00 $2,054.06 $366,891.51
238 $366,891.51 $1,554.34 $0.00 $2,074.46 $370,520.31
239 $370,520.31 $1,554.34 $0.00 $2,094.98 $374,169.63
240 $374,169.63 $1,554.34 $0.00 $2,115.61 $377,839.58
241 $377,839.58 $1,554.34 $200,907.70 $2,136.36 $180,622.58
242 $180,622.58 $1,554.34 $0.00 $1,021.27 $183,198.19
243 $183,198.19 $1,554.34 $0.00 $1,035.83 $185,788.36
244 $185,788.36 $1,554.34 $0.00 $1,050.47 $188,393.17
245 $188,393.17 $1,554.34 $0.00 $1,065.20 $191,012.71
246 $191,012.71 $1,554.34 $0.00 $1,080.01 $193,647.06
247 $193,647.06 $1,554.34 $0.00 $1,094.91 $196,296.31
248 $196,296.31 $1,554.34 $0.00 $1,109.89 $198,960.54
249 $198,960.54 $1,554.34 $0.00 $1,124.95 $201,639.83
250 $201,639.83 $1,554.34 $0.00 $1,140.10 $204,334.27
251 $204,334.27 $1,554.34 $0.00 $1,155.34 $207,043.95
252 $207,043.95 $1,554.34 $0.00 $1,170.66 $209,768.95
253 $209,768.95 $0.00 $210,953.09 $1,186.06 $1.92