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 2042$312,717
Monthly savings required$2,471

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 $1,250,869.03 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,471.49 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$83,354.00
Years until enrollment18
Annual Tuition Increase7%
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 $2,471.49 $0.00 $0.00 $2,471.49
2 $2,471.49 $2,471.49 $0.00 $13.97 $4,956.95
3 $4,956.95 $2,471.49 $0.00 $28.03 $7,456.47
4 $7,456.47 $2,471.49 $0.00 $42.16 $9,970.12
5 $9,970.12 $2,471.49 $0.00 $56.37 $12,497.98
6 $12,497.98 $2,471.49 $0.00 $70.67 $15,040.14
7 $15,040.14 $2,471.49 $0.00 $85.04 $17,596.67
8 $17,596.67 $2,471.49 $0.00 $99.49 $20,167.65
9 $20,167.65 $2,471.49 $0.00 $114.03 $22,753.17
10 $22,753.17 $2,471.49 $0.00 $128.65 $25,353.31
11 $25,353.31 $2,471.49 $0.00 $143.35 $27,968.15
12 $27,968.15 $2,471.49 $0.00 $158.14 $30,597.78
13 $30,597.78 $2,471.49 $0.00 $173.00 $33,242.27
14 $33,242.27 $2,471.49 $0.00 $187.96 $35,901.72
15 $35,901.72 $2,471.49 $0.00 $202.99 $38,576.20
16 $38,576.20 $2,471.49 $0.00 $218.12 $41,265.81
17 $41,265.81 $2,471.49 $0.00 $233.32 $43,970.62
18 $43,970.62 $2,471.49 $0.00 $248.62 $46,690.73
19 $46,690.73 $2,471.49 $0.00 $264.00 $49,426.22
20 $49,426.22 $2,471.49 $0.00 $279.46 $52,177.17
21 $52,177.17 $2,471.49 $0.00 $295.02 $54,943.68
22 $54,943.68 $2,471.49 $0.00 $310.66 $57,725.83
23 $57,725.83 $2,471.49 $0.00 $326.39 $60,523.71
24 $60,523.71 $2,471.49 $0.00 $342.21 $63,337.41
25 $63,337.41 $2,471.49 $0.00 $358.12 $66,167.02
26 $66,167.02 $2,471.49 $0.00 $374.12 $69,012.63
27 $69,012.63 $2,471.49 $0.00 $390.21 $71,874.33
28 $71,874.33 $2,471.49 $0.00 $406.39 $74,752.21
29 $74,752.21 $2,471.49 $0.00 $422.66 $77,646.36
30 $77,646.36 $2,471.49 $0.00 $439.02 $80,556.87
31 $80,556.87 $2,471.49 $0.00 $455.48 $83,483.84
32 $83,483.84 $2,471.49 $0.00 $472.03 $86,427.36
33 $86,427.36 $2,471.49 $0.00 $488.67 $89,387.52
34 $89,387.52 $2,471.49 $0.00 $505.41 $92,364.42
35 $92,364.42 $2,471.49 $0.00 $522.24 $95,358.15
36 $95,358.15 $2,471.49 $0.00 $539.17 $98,368.81
37 $98,368.81 $2,471.49 $0.00 $556.19 $101,396.49
38 $101,396.49 $2,471.49 $0.00 $573.31 $104,441.29
39 $104,441.29 $2,471.49 $0.00 $590.53 $107,503.31
40 $107,503.31 $2,471.49 $0.00 $607.84 $110,582.64
41 $110,582.64 $2,471.49 $0.00 $625.25 $113,679.38
42 $113,679.38 $2,471.49 $0.00 $642.76 $116,793.63
43 $116,793.63 $2,471.49 $0.00 $660.37 $119,925.49
44 $119,925.49 $2,471.49 $0.00 $678.08 $123,075.06
45 $123,075.06 $2,471.49 $0.00 $695.88 $126,242.43
46 $126,242.43 $2,471.49 $0.00 $713.79 $129,427.71
47 $129,427.71 $2,471.49 $0.00 $731.80 $132,631.00
48 $132,631.00 $2,471.49 $0.00 $749.91 $135,852.40
49 $135,852.40 $2,471.49 $0.00 $768.13 $139,092.02
50 $139,092.02 $2,471.49 $0.00 $786.45 $142,349.96
51 $142,349.96 $2,471.49 $0.00 $804.87 $145,626.32
52 $145,626.32 $2,471.49 $0.00 $823.39 $148,921.20
53 $148,921.20 $2,471.49 $0.00 $842.02 $152,234.71
54 $152,234.71 $2,471.49 $0.00 $860.76 $155,566.96
55 $155,566.96 $2,471.49 $0.00 $879.60 $158,918.05
56 $158,918.05 $2,471.49 $0.00 $898.55 $162,288.09
57 $162,288.09 $2,471.49 $0.00 $917.60 $165,677.18
58 $165,677.18 $2,471.49 $0.00 $936.76 $169,085.43
59 $169,085.43 $2,471.49 $0.00 $956.03 $172,512.95
60 $172,512.95 $2,471.49 $0.00 $975.41 $175,959.85
61 $175,959.85 $2,471.49 $0.00 $994.90 $179,426.24
62 $179,426.24 $2,471.49 $0.00 $1,014.50 $182,912.23
63 $182,912.23 $2,471.49 $0.00 $1,034.21 $186,417.93
64 $186,417.93 $2,471.49 $0.00 $1,054.03 $189,943.45
65 $189,943.45 $2,471.49 $0.00 $1,073.97 $193,488.91
66 $193,488.91 $2,471.49 $0.00 $1,094.01 $197,054.41
67 $197,054.41 $2,471.49 $0.00 $1,114.17 $200,640.07
68 $200,640.07 $2,471.49 $0.00 $1,134.45 $204,246.01
69 $204,246.01 $2,471.49 $0.00 $1,154.84 $207,872.34
70 $207,872.34 $2,471.49 $0.00 $1,175.34 $211,519.17
71 $211,519.17 $2,471.49 $0.00 $1,195.96 $215,186.62
72 $215,186.62 $2,471.49 $0.00 $1,216.70 $218,874.81
73 $218,874.81 $2,471.49 $0.00 $1,237.55 $222,583.85
74 $222,583.85 $2,471.49 $0.00 $1,258.52 $226,313.86
75 $226,313.86 $2,471.49 $0.00 $1,279.61 $230,064.96
76 $230,064.96 $2,471.49 $0.00 $1,300.82 $233,837.27
77 $233,837.27 $2,471.49 $0.00 $1,322.15 $237,630.91
78 $237,630.91 $2,471.49 $0.00 $1,343.60 $241,446.00
79 $241,446.00 $2,471.49 $0.00 $1,365.17 $245,282.66
80 $245,282.66 $2,471.49 $0.00 $1,386.86 $249,141.01
81 $249,141.01 $2,471.49 $0.00 $1,408.68 $253,021.18
82 $253,021.18 $2,471.49 $0.00 $1,430.62 $256,923.29
83 $256,923.29 $2,471.49 $0.00 $1,452.68 $260,847.46
84 $260,847.46 $2,471.49 $0.00 $1,474.87 $264,793.82
85 $264,793.82 $2,471.49 $0.00 $1,497.18 $268,762.49
86 $268,762.49 $2,471.49 $0.00 $1,519.62 $272,753.60
87 $272,753.60 $2,471.49 $0.00 $1,542.19 $276,767.28
88 $276,767.28 $2,471.49 $0.00 $1,564.88 $280,803.65
89 $280,803.65 $2,471.49 $0.00 $1,587.70 $284,862.84
90 $284,862.84 $2,471.49 $0.00 $1,610.66 $288,944.99
91 $288,944.99 $2,471.49 $0.00 $1,633.74 $293,050.22
92 $293,050.22 $2,471.49 $0.00 $1,656.95 $297,178.66
93 $297,178.66 $2,471.49 $0.00 $1,680.29 $301,330.44
94 $301,330.44 $2,471.49 $0.00 $1,703.77 $305,505.70
95 $305,505.70 $2,471.49 $0.00 $1,727.37 $309,704.56
96 $309,704.56 $2,471.49 $0.00 $1,751.11 $313,927.16
97 $313,927.16 $2,471.49 $0.00 $1,774.99 $318,173.64
98 $318,173.64 $2,471.49 $0.00 $1,799.00 $322,444.13
99 $322,444.13 $2,471.49 $0.00 $1,823.15 $326,738.77
100 $326,738.77 $2,471.49 $0.00 $1,847.43 $331,057.69
101 $331,057.69 $2,471.49 $0.00 $1,871.85 $335,401.03
102 $335,401.03 $2,471.49 $0.00 $1,896.41 $339,768.93
103 $339,768.93 $2,471.49 $0.00 $1,921.10 $344,161.52
104 $344,161.52 $2,471.49 $0.00 $1,945.94 $348,578.95
105 $348,578.95 $2,471.49 $0.00 $1,970.92 $353,021.36
106 $353,021.36 $2,471.49 $0.00 $1,996.03 $357,488.88
107 $357,488.88 $2,471.49 $0.00 $2,021.29 $361,981.66
108 $361,981.66 $2,471.49 $0.00 $2,046.70 $366,499.85
109 $366,499.85 $2,471.49 $0.00 $2,072.24 $371,043.58
110 $371,043.58 $2,471.49 $0.00 $2,097.93 $375,613.00
111 $375,613.00 $2,471.49 $0.00 $2,123.77 $380,208.26
112 $380,208.26 $2,471.49 $0.00 $2,149.75 $384,829.50
113 $384,829.50 $2,471.49 $0.00 $2,175.88 $389,476.87
114 $389,476.87 $2,471.49 $0.00 $2,202.16 $394,150.52
115 $394,150.52 $2,471.49 $0.00 $2,228.58 $398,850.59
116 $398,850.59 $2,471.49 $0.00 $2,255.16 $403,577.24
117 $403,577.24 $2,471.49 $0.00 $2,281.88 $408,330.61
118 $408,330.61 $2,471.49 $0.00 $2,308.76 $413,110.86
119 $413,110.86 $2,471.49 $0.00 $2,335.79 $417,918.14
120 $417,918.14 $2,471.49 $0.00 $2,362.97 $422,752.60
121 $422,752.60 $2,471.49 $0.00 $2,390.30 $427,614.39
122 $427,614.39 $2,471.49 $0.00 $2,417.79 $432,503.67
123 $432,503.67 $2,471.49 $0.00 $2,445.44 $437,420.60
124 $437,420.60 $2,471.49 $0.00 $2,473.24 $442,365.33
125 $442,365.33 $2,471.49 $0.00 $2,501.20 $447,338.02
126 $447,338.02 $2,471.49 $0.00 $2,529.31 $452,338.82
127 $452,338.82 $2,471.49 $0.00 $2,557.59 $457,367.90
128 $457,367.90 $2,471.49 $0.00 $2,586.02 $462,425.41
129 $462,425.41 $2,471.49 $0.00 $2,614.62 $467,511.52
130 $467,511.52 $2,471.49 $0.00 $2,643.38 $472,626.39
131 $472,626.39 $2,471.49 $0.00 $2,672.30 $477,770.18
132 $477,770.18 $2,471.49 $0.00 $2,701.38 $482,943.05
133 $482,943.05 $2,471.49 $0.00 $2,730.63 $488,145.17
134 $488,145.17 $2,471.49 $0.00 $2,760.04 $493,376.70
135 $493,376.70 $2,471.49 $0.00 $2,789.62 $498,637.81
136 $498,637.81 $2,471.49 $0.00 $2,819.37 $503,928.67
137 $503,928.67 $2,471.49 $0.00 $2,849.29 $509,249.45
138 $509,249.45 $2,471.49 $0.00 $2,879.37 $514,600.31
139 $514,600.31 $2,471.49 $0.00 $2,909.62 $519,981.42
140 $519,981.42 $2,471.49 $0.00 $2,940.05 $525,392.96
141 $525,392.96 $2,471.49 $0.00 $2,970.65 $530,835.10
142 $530,835.10 $2,471.49 $0.00 $3,001.42 $536,308.01
143 $536,308.01 $2,471.49 $0.00 $3,032.36 $541,811.86
144 $541,811.86 $2,471.49 $0.00 $3,063.48 $547,346.83
145 $547,346.83 $2,471.49 $0.00 $3,094.78 $552,913.10
146 $552,913.10 $2,471.49 $0.00 $3,126.25 $558,510.84
147 $558,510.84 $2,471.49 $0.00 $3,157.90 $564,140.23
148 $564,140.23 $2,471.49 $0.00 $3,189.73 $569,801.45
149 $569,801.45 $2,471.49 $0.00 $3,221.74 $575,494.68
150 $575,494.68 $2,471.49 $0.00 $3,253.93 $581,220.10
151 $581,220.10 $2,471.49 $0.00 $3,286.30 $586,977.89
152 $586,977.89 $2,471.49 $0.00 $3,318.86 $592,768.24
153 $592,768.24 $2,471.49 $0.00 $3,351.60 $598,591.33
154 $598,591.33 $2,471.49 $0.00 $3,384.52 $604,447.34
155 $604,447.34 $2,471.49 $0.00 $3,417.63 $610,336.46
156 $610,336.46 $2,471.49 $0.00 $3,450.93 $616,258.88
157 $616,258.88 $2,471.49 $0.00 $3,484.42 $622,214.79
158 $622,214.79 $2,471.49 $0.00 $3,518.09 $628,204.37
159 $628,204.37 $2,471.49 $0.00 $3,551.96 $634,227.82
160 $634,227.82 $2,471.49 $0.00 $3,586.02 $640,285.33
161 $640,285.33 $2,471.49 $0.00 $3,620.27 $646,377.09
162 $646,377.09 $2,471.49 $0.00 $3,654.71 $652,503.29
163 $652,503.29 $2,471.49 $0.00 $3,689.35 $658,664.13
164 $658,664.13 $2,471.49 $0.00 $3,724.18 $664,859.80
165 $664,859.80 $2,471.49 $0.00 $3,759.21 $671,090.50
166 $671,090.50 $2,471.49 $0.00 $3,794.44 $677,356.43
167 $677,356.43 $2,471.49 $0.00 $3,829.87 $683,657.79
168 $683,657.79 $2,471.49 $0.00 $3,865.50 $689,994.78
169 $689,994.78 $2,471.49 $0.00 $3,901.33 $696,367.60
170 $696,367.60 $2,471.49 $0.00 $3,937.36 $702,776.45
171 $702,776.45 $2,471.49 $0.00 $3,973.60 $709,221.54
172 $709,221.54 $2,471.49 $0.00 $4,010.04 $715,703.07
173 $715,703.07 $2,471.49 $0.00 $4,046.69 $722,221.25
174 $722,221.25 $2,471.49 $0.00 $4,083.54 $728,776.28
175 $728,776.28 $2,471.49 $0.00 $4,120.61 $735,368.38
176 $735,368.38 $2,471.49 $0.00 $4,157.88 $741,997.75
177 $741,997.75 $2,471.49 $0.00 $4,195.36 $748,664.60
178 $748,664.60 $2,471.49 $0.00 $4,233.06 $755,369.15
179 $755,369.15 $2,471.49 $0.00 $4,270.97 $762,111.61
180 $762,111.61 $2,471.49 $0.00 $4,309.09 $768,892.19
181 $768,892.19 $2,471.49 $0.00 $4,347.43 $775,711.11
182 $775,711.11 $2,471.49 $0.00 $4,385.98 $782,568.58
183 $782,568.58 $2,471.49 $0.00 $4,424.76 $789,464.83
184 $789,464.83 $2,471.49 $0.00 $4,463.75 $796,400.07
185 $796,400.07 $2,471.49 $0.00 $4,502.96 $803,374.52
186 $803,374.52 $2,471.49 $0.00 $4,542.40 $810,388.41
187 $810,388.41 $2,471.49 $0.00 $4,582.05 $817,441.95
188 $817,441.95 $2,471.49 $0.00 $4,621.94 $824,535.38
189 $824,535.38 $2,471.49 $0.00 $4,662.04 $831,668.91
190 $831,668.91 $2,471.49 $0.00 $4,702.38 $838,842.78
191 $838,842.78 $2,471.49 $0.00 $4,742.94 $846,057.21
192 $846,057.21 $2,471.49 $0.00 $4,783.73 $853,312.43
193 $853,312.43 $2,471.49 $0.00 $4,824.75 $860,608.67
194 $860,608.67 $2,471.49 $0.00 $4,866.01 $867,946.17
195 $867,946.17 $2,471.49 $0.00 $4,907.49 $875,325.15
196 $875,325.15 $2,471.49 $0.00 $4,949.22 $882,745.86
197 $882,745.86 $2,471.49 $0.00 $4,991.17 $890,208.52
198 $890,208.52 $2,471.49 $0.00 $5,033.37 $897,713.38
199 $897,713.38 $2,471.49 $0.00 $5,075.80 $905,260.67
200 $905,260.67 $2,471.49 $0.00 $5,118.48 $912,850.64
201 $912,850.64 $2,471.49 $0.00 $5,161.39 $920,483.52
202 $920,483.52 $2,471.49 $0.00 $5,204.55 $928,159.56
203 $928,159.56 $2,471.49 $0.00 $5,247.95 $935,879.00
204 $935,879.00 $2,471.49 $0.00 $5,291.60 $943,642.09
205 $943,642.09 $2,471.49 $0.00 $5,335.49 $951,449.07
206 $951,449.07 $2,471.49 $0.00 $5,379.63 $959,300.19
207 $959,300.19 $2,471.49 $0.00 $5,424.02 $967,195.70
208 $967,195.70 $2,471.49 $0.00 $5,468.67 $975,135.86
209 $975,135.86 $2,471.49 $0.00 $5,513.56 $983,120.91
210 $983,120.91 $2,471.49 $0.00 $5,558.71 $991,151.11
211 $991,151.11 $2,471.49 $0.00 $5,604.11 $999,226.71
212 $999,226.71 $2,471.49 $0.00 $5,649.77 $1,007,347.97
213 $1,007,347.97 $2,471.49 $0.00 $5,695.69 $1,015,515.15
214 $1,015,515.15 $2,471.49 $0.00 $5,741.87 $1,023,728.51
215 $1,023,728.51 $2,471.49 $0.00 $5,788.31 $1,031,988.31
216 $1,031,988.31 $2,471.49 $0.00 $5,835.01 $1,040,294.81
217 $1,040,294.81 $2,471.49 $281,730.87 $5,881.98 $766,917.41
218 $766,917.41 $2,471.49 $0.00 $4,336.26 $773,725.16
219 $773,725.16 $2,471.49 $0.00 $4,374.75 $780,571.40
220 $780,571.40 $2,471.49 $0.00 $4,413.46 $787,456.35
221 $787,456.35 $2,471.49 $0.00 $4,452.39 $794,380.23
222 $794,380.23 $2,471.49 $0.00 $4,491.54 $801,343.26
223 $801,343.26 $2,471.49 $0.00 $4,530.91 $808,345.66
224 $808,345.66 $2,471.49 $0.00 $4,570.50 $815,387.65
225 $815,387.65 $2,471.49 $0.00 $4,610.32 $822,469.46
226 $822,469.46 $2,471.49 $0.00 $4,650.36 $829,591.31
227 $829,591.31 $2,471.49 $0.00 $4,690.63 $836,753.43
228 $836,753.43 $2,471.49 $0.00 $4,731.13 $843,956.05
229 $843,956.05 $2,471.49 $301,452.04 $4,771.85 $549,747.35
230 $549,747.35 $2,471.49 $0.00 $3,108.35 $555,327.19
231 $555,327.19 $2,471.49 $0.00 $3,139.90 $560,938.58
232 $560,938.58 $2,471.49 $0.00 $3,171.63 $566,581.70
233 $566,581.70 $2,471.49 $0.00 $3,203.54 $572,256.73
234 $572,256.73 $2,471.49 $0.00 $3,235.62 $577,963.84
235 $577,963.84 $2,471.49 $0.00 $3,267.89 $583,703.22
236 $583,703.22 $2,471.49 $0.00 $3,300.34 $589,475.05
237 $589,475.05 $2,471.49 $0.00 $3,332.98 $595,279.52
238 $595,279.52 $2,471.49 $0.00 $3,365.80 $601,116.81
239 $601,116.81 $2,471.49 $0.00 $3,398.80 $606,987.10
240 $606,987.10 $2,471.49 $0.00 $3,431.99 $612,890.58
241 $612,890.58 $2,471.49 $322,553.68 $3,465.37 $296,273.76
242 $296,273.76 $2,471.49 $0.00 $1,675.17 $300,420.42
243 $300,420.42 $2,471.49 $0.00 $1,698.62 $304,590.53
244 $304,590.53 $2,471.49 $0.00 $1,722.20 $308,784.22
245 $308,784.22 $2,471.49 $0.00 $1,745.91 $313,001.62
246 $313,001.62 $2,471.49 $0.00 $1,769.76 $317,242.87
247 $317,242.87 $2,471.49 $0.00 $1,793.74 $321,508.10
248 $321,508.10 $2,471.49 $0.00 $1,817.85 $325,797.44
249 $325,797.44 $2,471.49 $0.00 $1,842.11 $330,111.04
250 $330,111.04 $2,471.49 $0.00 $1,866.50 $334,449.03
251 $334,449.03 $2,471.49 $0.00 $1,891.02 $338,811.54
252 $338,811.54 $2,471.49 $0.00 $1,915.69 $343,198.72
253 $343,198.72 $0.00 $345,132.44 $1,940.50 $6.78