Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$134,305
Monthly savings required$1,063

How much will it cost to send your child to Mercyhurst College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $537,219.22 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,063.13 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$51,791.00
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 Mercyhurst College in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,063.13 $0.00 $0.00 $1,063.13
2 $1,063.13 $1,063.13 $0.00 $6.01 $2,132.27
3 $2,132.27 $1,063.13 $0.00 $12.06 $3,207.46
4 $3,207.46 $1,063.13 $0.00 $18.14 $4,288.73
5 $4,288.73 $1,063.13 $0.00 $24.25 $5,376.11
6 $5,376.11 $1,063.13 $0.00 $30.40 $6,469.64
7 $6,469.64 $1,063.13 $0.00 $36.58 $7,569.35
8 $7,569.35 $1,063.13 $0.00 $42.80 $8,675.28
9 $8,675.28 $1,063.13 $0.00 $49.05 $9,787.46
10 $9,787.46 $1,063.13 $0.00 $55.34 $10,905.93
11 $10,905.93 $1,063.13 $0.00 $61.66 $12,030.72
12 $12,030.72 $1,063.13 $0.00 $68.02 $13,161.87
13 $13,161.87 $1,063.13 $0.00 $74.42 $14,299.42
14 $14,299.42 $1,063.13 $0.00 $80.85 $15,443.40
15 $15,443.40 $1,063.13 $0.00 $87.32 $16,593.85
16 $16,593.85 $1,063.13 $0.00 $93.82 $17,750.80
17 $17,750.80 $1,063.13 $0.00 $100.37 $18,914.30
18 $18,914.30 $1,063.13 $0.00 $106.94 $20,084.37
19 $20,084.37 $1,063.13 $0.00 $113.56 $21,261.06
20 $21,261.06 $1,063.13 $0.00 $120.21 $22,444.40
21 $22,444.40 $1,063.13 $0.00 $126.90 $23,634.43
22 $23,634.43 $1,063.13 $0.00 $133.63 $24,831.19
23 $24,831.19 $1,063.13 $0.00 $140.40 $26,034.72
24 $26,034.72 $1,063.13 $0.00 $147.20 $27,245.05
25 $27,245.05 $1,063.13 $0.00 $154.05 $28,462.23
26 $28,462.23 $1,063.13 $0.00 $160.93 $29,686.29
27 $29,686.29 $1,063.13 $0.00 $167.85 $30,917.27
28 $30,917.27 $1,063.13 $0.00 $174.81 $32,155.21
29 $32,155.21 $1,063.13 $0.00 $181.81 $33,400.15
30 $33,400.15 $1,063.13 $0.00 $188.85 $34,652.13
31 $34,652.13 $1,063.13 $0.00 $195.93 $35,911.19
32 $35,911.19 $1,063.13 $0.00 $203.05 $37,177.37
33 $37,177.37 $1,063.13 $0.00 $210.21 $38,450.71
34 $38,450.71 $1,063.13 $0.00 $217.41 $39,731.25
35 $39,731.25 $1,063.13 $0.00 $224.65 $41,019.03
36 $41,019.03 $1,063.13 $0.00 $231.93 $42,314.09
37 $42,314.09 $1,063.13 $0.00 $239.25 $43,616.47
38 $43,616.47 $1,063.13 $0.00 $246.61 $44,926.21
39 $44,926.21 $1,063.13 $0.00 $254.02 $46,243.36
40 $46,243.36 $1,063.13 $0.00 $261.47 $47,567.96
41 $47,567.96 $1,063.13 $0.00 $268.96 $48,900.05
42 $48,900.05 $1,063.13 $0.00 $276.49 $50,239.67
43 $50,239.67 $1,063.13 $0.00 $284.06 $51,586.86
44 $51,586.86 $1,063.13 $0.00 $291.68 $52,941.67
45 $52,941.67 $1,063.13 $0.00 $299.34 $54,304.14
46 $54,304.14 $1,063.13 $0.00 $307.04 $55,674.31
47 $55,674.31 $1,063.13 $0.00 $314.79 $57,052.23
48 $57,052.23 $1,063.13 $0.00 $322.58 $58,437.94
49 $58,437.94 $1,063.13 $0.00 $330.42 $59,831.49
50 $59,831.49 $1,063.13 $0.00 $338.30 $61,232.92
51 $61,232.92 $1,063.13 $0.00 $346.22 $62,642.27
52 $62,642.27 $1,063.13 $0.00 $354.19 $64,059.59
53 $64,059.59 $1,063.13 $0.00 $362.20 $65,484.92
54 $65,484.92 $1,063.13 $0.00 $370.26 $66,918.31
55 $66,918.31 $1,063.13 $0.00 $378.37 $68,359.81
56 $68,359.81 $1,063.13 $0.00 $386.52 $69,809.46
57 $69,809.46 $1,063.13 $0.00 $394.71 $71,267.30
58 $71,267.30 $1,063.13 $0.00 $402.96 $72,733.39
59 $72,733.39 $1,063.13 $0.00 $411.25 $74,207.77
60 $74,207.77 $1,063.13 $0.00 $419.58 $75,690.48
61 $75,690.48 $1,063.13 $0.00 $427.96 $77,181.57
62 $77,181.57 $1,063.13 $0.00 $436.40 $78,681.10
63 $78,681.10 $1,063.13 $0.00 $444.87 $80,189.10
64 $80,189.10 $1,063.13 $0.00 $453.40 $81,705.63
65 $81,705.63 $1,063.13 $0.00 $461.98 $83,230.74
66 $83,230.74 $1,063.13 $0.00 $470.60 $84,764.47
67 $84,764.47 $1,063.13 $0.00 $479.27 $86,306.87
68 $86,306.87 $1,063.13 $0.00 $487.99 $87,857.99
69 $87,857.99 $1,063.13 $0.00 $496.76 $89,417.88
70 $89,417.88 $1,063.13 $0.00 $505.58 $90,986.59
71 $90,986.59 $1,063.13 $0.00 $514.45 $92,564.17
72 $92,564.17 $1,063.13 $0.00 $523.37 $94,150.67
73 $94,150.67 $1,063.13 $0.00 $532.34 $95,746.14
74 $95,746.14 $1,063.13 $0.00 $541.36 $97,350.63
75 $97,350.63 $1,063.13 $0.00 $550.43 $98,964.19
76 $98,964.19 $1,063.13 $0.00 $559.56 $100,586.88
77 $100,586.88 $1,063.13 $0.00 $568.73 $102,218.74
78 $102,218.74 $1,063.13 $0.00 $577.96 $103,859.83
79 $103,859.83 $1,063.13 $0.00 $587.24 $105,510.20
80 $105,510.20 $1,063.13 $0.00 $596.57 $107,169.90
81 $107,169.90 $1,063.13 $0.00 $605.95 $108,838.98
82 $108,838.98 $1,063.13 $0.00 $615.39 $110,517.50
83 $110,517.50 $1,063.13 $0.00 $624.88 $112,205.51
84 $112,205.51 $1,063.13 $0.00 $634.43 $113,903.07
85 $113,903.07 $1,063.13 $0.00 $644.02 $115,610.22
86 $115,610.22 $1,063.13 $0.00 $653.68 $117,327.03
87 $117,327.03 $1,063.13 $0.00 $663.38 $119,053.54
88 $119,053.54 $1,063.13 $0.00 $673.15 $120,789.82
89 $120,789.82 $1,063.13 $0.00 $682.96 $122,535.91
90 $122,535.91 $1,063.13 $0.00 $692.84 $124,291.88
91 $124,291.88 $1,063.13 $0.00 $702.76 $126,057.77
92 $126,057.77 $1,063.13 $0.00 $712.75 $127,833.65
93 $127,833.65 $1,063.13 $0.00 $722.79 $129,619.57
94 $129,619.57 $1,063.13 $0.00 $732.89 $131,415.59
95 $131,415.59 $1,063.13 $0.00 $743.04 $133,221.76
96 $133,221.76 $1,063.13 $0.00 $753.26 $135,038.15
97 $135,038.15 $1,063.13 $0.00 $763.53 $136,864.81
98 $136,864.81 $1,063.13 $0.00 $773.85 $138,701.79
99 $138,701.79 $1,063.13 $0.00 $784.24 $140,549.16
100 $140,549.16 $1,063.13 $0.00 $794.69 $142,406.98
101 $142,406.98 $1,063.13 $0.00 $805.19 $144,275.30
102 $144,275.30 $1,063.13 $0.00 $815.75 $146,154.18
103 $146,154.18 $1,063.13 $0.00 $826.38 $148,043.69
104 $148,043.69 $1,063.13 $0.00 $837.06 $149,943.88
105 $149,943.88 $1,063.13 $0.00 $847.80 $151,854.81
106 $151,854.81 $1,063.13 $0.00 $858.61 $153,776.55
107 $153,776.55 $1,063.13 $0.00 $869.47 $155,709.15
108 $155,709.15 $1,063.13 $0.00 $880.40 $157,652.68
109 $157,652.68 $1,063.13 $0.00 $891.39 $159,607.20
110 $159,607.20 $1,063.13 $0.00 $902.44 $161,572.77
111 $161,572.77 $1,063.13 $0.00 $913.56 $163,549.46
112 $163,549.46 $1,063.13 $0.00 $924.73 $165,537.32
113 $165,537.32 $1,063.13 $0.00 $935.97 $167,536.42
114 $167,536.42 $1,063.13 $0.00 $947.28 $169,546.83
115 $169,546.83 $1,063.13 $0.00 $958.64 $171,568.60
116 $171,568.60 $1,063.13 $0.00 $970.07 $173,601.80
117 $173,601.80 $1,063.13 $0.00 $981.57 $175,646.50
118 $175,646.50 $1,063.13 $0.00 $993.13 $177,702.76
119 $177,702.76 $1,063.13 $0.00 $1,004.76 $179,770.65
120 $179,770.65 $1,063.13 $0.00 $1,016.45 $181,850.23
121 $181,850.23 $1,063.13 $0.00 $1,028.21 $183,941.57
122 $183,941.57 $1,063.13 $0.00 $1,040.03 $186,044.73
123 $186,044.73 $1,063.13 $0.00 $1,051.92 $188,159.78
124 $188,159.78 $1,063.13 $0.00 $1,063.88 $190,286.79
125 $190,286.79 $1,063.13 $0.00 $1,075.91 $192,425.83
126 $192,425.83 $1,063.13 $0.00 $1,088.00 $194,576.96
127 $194,576.96 $1,063.13 $0.00 $1,100.17 $196,740.26
128 $196,740.26 $1,063.13 $0.00 $1,112.40 $198,915.79
129 $198,915.79 $1,063.13 $0.00 $1,124.70 $201,103.62
130 $201,103.62 $1,063.13 $0.00 $1,137.07 $203,303.82
131 $203,303.82 $1,063.13 $0.00 $1,149.51 $205,516.46
132 $205,516.46 $1,063.13 $0.00 $1,162.02 $207,741.61
133 $207,741.61 $1,063.13 $0.00 $1,174.60 $209,979.34
134 $209,979.34 $1,063.13 $0.00 $1,187.25 $212,229.72
135 $212,229.72 $1,063.13 $0.00 $1,199.98 $214,492.83
136 $214,492.83 $1,063.13 $0.00 $1,212.77 $216,768.73
137 $216,768.73 $1,063.13 $0.00 $1,225.64 $219,057.50
138 $219,057.50 $1,063.13 $0.00 $1,238.58 $221,359.21
139 $221,359.21 $1,063.13 $0.00 $1,251.60 $223,673.94
140 $223,673.94 $1,063.13 $0.00 $1,264.68 $226,001.75
141 $226,001.75 $1,063.13 $0.00 $1,277.85 $228,342.73
142 $228,342.73 $1,063.13 $0.00 $1,291.08 $230,696.94
143 $230,696.94 $1,063.13 $0.00 $1,304.39 $233,064.46
144 $233,064.46 $1,063.13 $0.00 $1,317.78 $235,445.37
145 $235,445.37 $1,063.13 $0.00 $1,331.24 $237,839.74
146 $237,839.74 $1,063.13 $0.00 $1,344.78 $240,247.65
147 $240,247.65 $1,063.13 $0.00 $1,358.40 $242,669.18
148 $242,669.18 $1,063.13 $0.00 $1,372.09 $245,104.40
149 $245,104.40 $1,063.13 $0.00 $1,385.86 $247,553.39
150 $247,553.39 $1,063.13 $0.00 $1,399.70 $250,016.22
151 $250,016.22 $1,063.13 $0.00 $1,413.63 $252,492.98
152 $252,492.98 $1,063.13 $0.00 $1,427.63 $254,983.74
153 $254,983.74 $1,063.13 $0.00 $1,441.72 $257,488.59
154 $257,488.59 $1,063.13 $0.00 $1,455.88 $260,007.60
155 $260,007.60 $1,063.13 $0.00 $1,470.12 $262,540.85
156 $262,540.85 $1,063.13 $0.00 $1,484.44 $265,088.42
157 $265,088.42 $1,063.13 $0.00 $1,498.85 $267,650.40
158 $267,650.40 $1,063.13 $0.00 $1,513.33 $270,226.86
159 $270,226.86 $1,063.13 $0.00 $1,527.90 $272,817.89
160 $272,817.89 $1,063.13 $0.00 $1,542.55 $275,423.57
161 $275,423.57 $1,063.13 $0.00 $1,557.28 $278,043.98
162 $278,043.98 $1,063.13 $0.00 $1,572.10 $280,679.21
163 $280,679.21 $1,063.13 $0.00 $1,587.00 $283,329.34
164 $283,329.34 $1,063.13 $0.00 $1,601.99 $285,994.46
165 $285,994.46 $1,063.13 $0.00 $1,617.05 $288,674.64
166 $288,674.64 $1,063.13 $0.00 $1,632.21 $291,369.98
167 $291,369.98 $1,063.13 $0.00 $1,647.45 $294,080.56
168 $294,080.56 $1,063.13 $0.00 $1,662.77 $296,806.46
169 $296,806.46 $1,063.13 $0.00 $1,678.19 $299,547.78
170 $299,547.78 $1,063.13 $0.00 $1,693.69 $302,304.60
171 $302,304.60 $1,063.13 $0.00 $1,709.27 $305,077.00
172 $305,077.00 $1,063.13 $0.00 $1,724.95 $307,865.08
173 $307,865.08 $1,063.13 $0.00 $1,740.71 $310,668.92
174 $310,668.92 $1,063.13 $0.00 $1,756.57 $313,488.62
175 $313,488.62 $1,063.13 $0.00 $1,772.51 $316,324.26
176 $316,324.26 $1,063.13 $0.00 $1,788.54 $319,175.93
177 $319,175.93 $1,063.13 $0.00 $1,804.67 $322,043.73
178 $322,043.73 $1,063.13 $0.00 $1,820.88 $324,927.74
179 $324,927.74 $1,063.13 $0.00 $1,837.19 $327,828.06
180 $327,828.06 $1,063.13 $0.00 $1,853.59 $330,744.78
181 $330,744.78 $1,063.13 $0.00 $1,870.08 $333,677.99
182 $333,677.99 $1,063.13 $0.00 $1,886.66 $336,627.78
183 $336,627.78 $1,063.13 $0.00 $1,903.34 $339,594.25
184 $339,594.25 $1,063.13 $0.00 $1,920.12 $342,577.50
185 $342,577.50 $1,063.13 $0.00 $1,936.98 $345,577.61
186 $345,577.61 $1,063.13 $0.00 $1,953.95 $348,594.69
187 $348,594.69 $1,063.13 $0.00 $1,971.01 $351,628.83
188 $351,628.83 $1,063.13 $0.00 $1,988.16 $354,680.12
189 $354,680.12 $1,063.13 $0.00 $2,005.41 $357,748.66
190 $357,748.66 $1,063.13 $0.00 $2,022.76 $360,834.55
191 $360,834.55 $1,063.13 $0.00 $2,040.21 $363,937.89
192 $363,937.89 $1,063.13 $0.00 $2,057.76 $367,058.78
193 $367,058.78 $1,063.13 $0.00 $2,075.40 $370,197.31
194 $370,197.31 $1,063.13 $0.00 $2,093.15 $373,353.59
195 $373,353.59 $1,063.13 $0.00 $2,111.00 $376,527.72
196 $376,527.72 $1,063.13 $0.00 $2,128.94 $379,719.79
197 $379,719.79 $1,063.13 $0.00 $2,146.99 $382,929.91
198 $382,929.91 $1,063.13 $0.00 $2,165.14 $386,158.18
199 $386,158.18 $1,063.13 $0.00 $2,183.39 $389,404.70
200 $389,404.70 $1,063.13 $0.00 $2,201.75 $392,669.58
201 $392,669.58 $1,063.13 $0.00 $2,220.21 $395,952.92
202 $395,952.92 $1,063.13 $0.00 $2,238.78 $399,254.83
203 $399,254.83 $1,063.13 $0.00 $2,257.44 $402,575.40
204 $402,575.40 $1,063.13 $0.00 $2,276.22 $405,914.75
205 $405,914.75 $1,063.13 $0.00 $2,295.10 $409,272.98
206 $409,272.98 $1,063.13 $0.00 $2,314.09 $412,650.20
207 $412,650.20 $1,063.13 $0.00 $2,333.18 $416,046.51
208 $416,046.51 $1,063.13 $0.00 $2,352.39 $419,462.03
209 $419,462.03 $1,063.13 $0.00 $2,371.70 $422,896.86
210 $422,896.86 $1,063.13 $0.00 $2,391.12 $426,351.11
211 $426,351.11 $1,063.13 $0.00 $2,410.65 $429,824.89
212 $429,824.89 $1,063.13 $0.00 $2,430.29 $433,318.31
213 $433,318.31 $1,063.13 $0.00 $2,450.04 $436,831.48
214 $436,831.48 $1,063.13 $0.00 $2,469.91 $440,364.52
215 $440,364.52 $1,063.13 $0.00 $2,489.89 $443,917.54
216 $443,917.54 $1,063.13 $0.00 $2,509.97 $447,490.64
217 $447,490.64 $1,063.13 $124,641.22 $2,530.18 $326,442.73
218 $326,442.73 $1,063.13 $0.00 $1,845.75 $329,351.61
219 $329,351.61 $1,063.13 $0.00 $1,862.20 $332,276.94
220 $332,276.94 $1,063.13 $0.00 $1,878.74 $335,218.81
221 $335,218.81 $1,063.13 $0.00 $1,895.38 $338,177.32
222 $338,177.32 $1,063.13 $0.00 $1,912.10 $341,152.55
223 $341,152.55 $1,063.13 $0.00 $1,928.93 $344,144.61
224 $344,144.61 $1,063.13 $0.00 $1,945.84 $347,153.58
225 $347,153.58 $1,063.13 $0.00 $1,962.86 $350,179.57
226 $350,179.57 $1,063.13 $0.00 $1,979.97 $353,222.67
227 $353,222.67 $1,063.13 $0.00 $1,997.17 $356,282.97
228 $356,282.97 $1,063.13 $0.00 $2,014.48 $359,360.58
229 $359,360.58 $1,063.13 $130,873.28 $2,031.88 $231,582.31
230 $231,582.31 $1,063.13 $0.00 $1,309.40 $233,954.84
231 $233,954.84 $1,063.13 $0.00 $1,322.81 $236,340.78
232 $236,340.78 $1,063.13 $0.00 $1,336.31 $238,740.22
233 $238,740.22 $1,063.13 $0.00 $1,349.87 $241,153.22
234 $241,153.22 $1,063.13 $0.00 $1,363.52 $243,579.87
235 $243,579.87 $1,063.13 $0.00 $1,377.24 $246,020.24
236 $246,020.24 $1,063.13 $0.00 $1,391.03 $248,474.40
237 $248,474.40 $1,063.13 $0.00 $1,404.91 $250,942.44
238 $250,942.44 $1,063.13 $0.00 $1,418.87 $253,424.44
239 $253,424.44 $1,063.13 $0.00 $1,432.90 $255,920.47
240 $255,920.47 $1,063.13 $0.00 $1,447.01 $258,430.61
241 $258,430.61 $1,063.13 $137,416.94 $1,461.20 $123,538.00
242 $123,538.00 $1,063.13 $0.00 $698.50 $125,299.63
243 $125,299.63 $1,063.13 $0.00 $708.46 $127,071.22
244 $127,071.22 $1,063.13 $0.00 $718.48 $128,852.83
245 $128,852.83 $1,063.13 $0.00 $728.55 $130,644.51
246 $130,644.51 $1,063.13 $0.00 $738.68 $132,446.32
247 $132,446.32 $1,063.13 $0.00 $748.87 $134,258.32
248 $134,258.32 $1,063.13 $0.00 $759.12 $136,080.57
249 $136,080.57 $1,063.13 $0.00 $769.42 $137,913.12
250 $137,913.12 $1,063.13 $0.00 $779.78 $139,756.03
251 $139,756.03 $1,063.13 $0.00 $790.20 $141,609.36
252 $141,609.36 $1,063.13 $0.00 $800.68 $143,473.17
253 $143,473.17 $0.00 $144,287.79 $811.22 ($3.40)