Savings Plan and Future Cost Estimation for Francis Marion University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$91,792
Monthly savings required$725

How much will it cost to send your child to Francis Marion University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $367,169.09 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $725.45 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$24,467.00
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 $725.45 $0.00 $0.00 $725.45
2 $725.45 $725.45 $0.00 $4.10 $1,455.00
3 $1,455.00 $725.45 $0.00 $8.23 $2,188.68
4 $2,188.68 $725.45 $0.00 $12.38 $2,926.51
5 $2,926.51 $725.45 $0.00 $16.55 $3,668.51
6 $3,668.51 $725.45 $0.00 $20.74 $4,414.70
7 $4,414.70 $725.45 $0.00 $24.96 $5,165.11
8 $5,165.11 $725.45 $0.00 $29.20 $5,919.76
9 $5,919.76 $725.45 $0.00 $33.47 $6,678.68
10 $6,678.68 $725.45 $0.00 $37.76 $7,441.89
11 $7,441.89 $725.45 $0.00 $42.08 $8,209.42
12 $8,209.42 $725.45 $0.00 $46.42 $8,981.29
13 $8,981.29 $725.45 $0.00 $50.78 $9,757.52
14 $9,757.52 $725.45 $0.00 $55.17 $10,538.14
15 $10,538.14 $725.45 $0.00 $59.58 $11,323.17
16 $11,323.17 $725.45 $0.00 $64.02 $12,112.64
17 $12,112.64 $725.45 $0.00 $68.49 $12,906.58
18 $12,906.58 $725.45 $0.00 $72.98 $13,705.01
19 $13,705.01 $725.45 $0.00 $77.49 $14,507.95
20 $14,507.95 $725.45 $0.00 $82.03 $15,315.43
21 $15,315.43 $725.45 $0.00 $86.60 $16,127.48
22 $16,127.48 $725.45 $0.00 $91.19 $16,944.12
23 $16,944.12 $725.45 $0.00 $95.80 $17,765.37
24 $17,765.37 $725.45 $0.00 $100.45 $18,591.27
25 $18,591.27 $725.45 $0.00 $105.12 $19,421.84
26 $19,421.84 $725.45 $0.00 $109.81 $20,257.10
27 $20,257.10 $725.45 $0.00 $114.54 $21,097.09
28 $21,097.09 $725.45 $0.00 $119.29 $21,941.83
29 $21,941.83 $725.45 $0.00 $124.06 $22,791.34
30 $22,791.34 $725.45 $0.00 $128.87 $23,645.66
31 $23,645.66 $725.45 $0.00 $133.70 $24,504.81
32 $24,504.81 $725.45 $0.00 $138.55 $25,368.81
33 $25,368.81 $725.45 $0.00 $143.44 $26,237.70
34 $26,237.70 $725.45 $0.00 $148.35 $27,111.50
35 $27,111.50 $725.45 $0.00 $153.29 $27,990.24
36 $27,990.24 $725.45 $0.00 $158.26 $28,873.95
37 $28,873.95 $725.45 $0.00 $163.26 $29,762.66
38 $29,762.66 $725.45 $0.00 $168.28 $30,656.39
39 $30,656.39 $725.45 $0.00 $173.34 $31,555.18
40 $31,555.18 $725.45 $0.00 $178.42 $32,459.05
41 $32,459.05 $725.45 $0.00 $183.53 $33,368.03
42 $33,368.03 $725.45 $0.00 $188.67 $34,282.15
43 $34,282.15 $725.45 $0.00 $193.84 $35,201.44
44 $35,201.44 $725.45 $0.00 $199.03 $36,125.92
45 $36,125.92 $725.45 $0.00 $204.26 $37,055.63
46 $37,055.63 $725.45 $0.00 $209.52 $37,990.60
47 $37,990.60 $725.45 $0.00 $214.80 $38,930.85
48 $38,930.85 $725.45 $0.00 $220.12 $39,876.42
49 $39,876.42 $725.45 $0.00 $225.47 $40,827.34
50 $40,827.34 $725.45 $0.00 $230.84 $41,783.63
51 $41,783.63 $725.45 $0.00 $236.25 $42,745.33
52 $42,745.33 $725.45 $0.00 $241.69 $43,712.47
53 $43,712.47 $725.45 $0.00 $247.16 $44,685.08
54 $44,685.08 $725.45 $0.00 $252.66 $45,663.19
55 $45,663.19 $725.45 $0.00 $258.19 $46,646.83
56 $46,646.83 $725.45 $0.00 $263.75 $47,636.03
57 $47,636.03 $725.45 $0.00 $269.34 $48,630.82
58 $48,630.82 $725.45 $0.00 $274.97 $49,631.24
59 $49,631.24 $725.45 $0.00 $280.62 $50,637.31
60 $50,637.31 $725.45 $0.00 $286.31 $51,649.07
61 $51,649.07 $725.45 $0.00 $292.03 $52,666.55
62 $52,666.55 $725.45 $0.00 $297.78 $53,689.78
63 $53,689.78 $725.45 $0.00 $303.57 $54,718.80
64 $54,718.80 $725.45 $0.00 $309.39 $55,753.64
65 $55,753.64 $725.45 $0.00 $315.24 $56,794.33
66 $56,794.33 $725.45 $0.00 $321.12 $57,840.90
67 $57,840.90 $725.45 $0.00 $327.04 $58,893.39
68 $58,893.39 $725.45 $0.00 $332.99 $59,951.83
69 $59,951.83 $725.45 $0.00 $338.98 $61,016.26
70 $61,016.26 $725.45 $0.00 $344.99 $62,086.70
71 $62,086.70 $725.45 $0.00 $351.05 $63,163.20
72 $63,163.20 $725.45 $0.00 $357.13 $64,245.78
73 $64,245.78 $725.45 $0.00 $363.25 $65,334.48
74 $65,334.48 $725.45 $0.00 $369.41 $66,429.34
75 $66,429.34 $725.45 $0.00 $375.60 $67,530.39
76 $67,530.39 $725.45 $0.00 $381.83 $68,637.67
77 $68,637.67 $725.45 $0.00 $388.09 $69,751.21
78 $69,751.21 $725.45 $0.00 $394.38 $70,871.04
79 $70,871.04 $725.45 $0.00 $400.72 $71,997.21
80 $71,997.21 $725.45 $0.00 $407.08 $73,129.74
81 $73,129.74 $725.45 $0.00 $413.49 $74,268.68
82 $74,268.68 $725.45 $0.00 $419.93 $75,414.06
83 $75,414.06 $725.45 $0.00 $426.40 $76,565.91
84 $76,565.91 $725.45 $0.00 $432.91 $77,724.27
85 $77,724.27 $725.45 $0.00 $439.46 $78,889.18
86 $78,889.18 $725.45 $0.00 $446.05 $80,060.68
87 $80,060.68 $725.45 $0.00 $452.67 $81,238.80
88 $81,238.80 $725.45 $0.00 $459.34 $82,423.59
89 $82,423.59 $725.45 $0.00 $466.03 $83,615.07
90 $83,615.07 $725.45 $0.00 $472.77 $84,813.29
91 $84,813.29 $725.45 $0.00 $479.55 $86,018.29
92 $86,018.29 $725.45 $0.00 $486.36 $87,230.10
93 $87,230.10 $725.45 $0.00 $493.21 $88,448.76
94 $88,448.76 $725.45 $0.00 $500.10 $89,674.31
95 $89,674.31 $725.45 $0.00 $507.03 $90,906.79
96 $90,906.79 $725.45 $0.00 $514.00 $92,146.24
97 $92,146.24 $725.45 $0.00 $521.01 $93,392.70
98 $93,392.70 $725.45 $0.00 $528.06 $94,646.21
99 $94,646.21 $725.45 $0.00 $535.14 $95,906.80
100 $95,906.80 $725.45 $0.00 $542.27 $97,174.52
101 $97,174.52 $725.45 $0.00 $549.44 $98,449.41
102 $98,449.41 $725.45 $0.00 $556.65 $99,731.51
103 $99,731.51 $725.45 $0.00 $563.90 $101,020.86
104 $101,020.86 $725.45 $0.00 $571.19 $102,317.50
105 $102,317.50 $725.45 $0.00 $578.52 $103,621.47
106 $103,621.47 $725.45 $0.00 $585.89 $104,932.81
107 $104,932.81 $725.45 $0.00 $593.31 $106,251.57
108 $106,251.57 $725.45 $0.00 $600.76 $107,577.78
109 $107,577.78 $725.45 $0.00 $608.26 $108,911.49
110 $108,911.49 $725.45 $0.00 $615.80 $110,252.74
111 $110,252.74 $725.45 $0.00 $623.39 $111,601.58
112 $111,601.58 $725.45 $0.00 $631.01 $112,958.04
113 $112,958.04 $725.45 $0.00 $638.68 $114,322.17
114 $114,322.17 $725.45 $0.00 $646.39 $115,694.01
115 $115,694.01 $725.45 $0.00 $654.15 $117,073.61
116 $117,073.61 $725.45 $0.00 $661.95 $118,461.01
117 $118,461.01 $725.45 $0.00 $669.80 $119,856.26
118 $119,856.26 $725.45 $0.00 $677.68 $121,259.39
119 $121,259.39 $725.45 $0.00 $685.62 $122,670.46
120 $122,670.46 $725.45 $0.00 $693.60 $124,089.51
121 $124,089.51 $725.45 $0.00 $701.62 $125,516.58
122 $125,516.58 $725.45 $0.00 $709.69 $126,951.72
123 $126,951.72 $725.45 $0.00 $717.80 $128,394.97
124 $128,394.97 $725.45 $0.00 $725.96 $129,846.38
125 $129,846.38 $725.45 $0.00 $734.17 $131,306.00
126 $131,306.00 $725.45 $0.00 $742.42 $132,773.87
127 $132,773.87 $725.45 $0.00 $750.72 $134,250.04
128 $134,250.04 $725.45 $0.00 $759.07 $135,734.56
129 $135,734.56 $725.45 $0.00 $767.46 $137,227.47
130 $137,227.47 $725.45 $0.00 $775.90 $138,728.82
131 $138,728.82 $725.45 $0.00 $784.39 $140,238.66
132 $140,238.66 $725.45 $0.00 $792.93 $141,757.04
133 $141,757.04 $725.45 $0.00 $801.51 $143,284.00
134 $143,284.00 $725.45 $0.00 $810.15 $144,819.60
135 $144,819.60 $725.45 $0.00 $818.83 $146,363.88
136 $146,363.88 $725.45 $0.00 $827.56 $147,916.89
137 $147,916.89 $725.45 $0.00 $836.34 $149,478.68
138 $149,478.68 $725.45 $0.00 $845.17 $151,049.30
139 $151,049.30 $725.45 $0.00 $854.05 $152,628.80
140 $152,628.80 $725.45 $0.00 $862.99 $154,217.24
141 $154,217.24 $725.45 $0.00 $871.97 $155,814.66
142 $155,814.66 $725.45 $0.00 $881.00 $157,421.11
143 $157,421.11 $725.45 $0.00 $890.08 $159,036.64
144 $159,036.64 $725.45 $0.00 $899.22 $160,661.31
145 $160,661.31 $725.45 $0.00 $908.40 $162,295.16
146 $162,295.16 $725.45 $0.00 $917.64 $163,938.25
147 $163,938.25 $725.45 $0.00 $926.93 $165,590.63
148 $165,590.63 $725.45 $0.00 $936.27 $167,252.35
149 $167,252.35 $725.45 $0.00 $945.67 $168,923.47
150 $168,923.47 $725.45 $0.00 $955.12 $170,604.04
151 $170,604.04 $725.45 $0.00 $964.62 $172,294.11
152 $172,294.11 $725.45 $0.00 $974.18 $173,993.74
153 $173,993.74 $725.45 $0.00 $983.79 $175,702.98
154 $175,702.98 $725.45 $0.00 $993.45 $177,421.88
155 $177,421.88 $725.45 $0.00 $1,003.17 $179,150.50
156 $179,150.50 $725.45 $0.00 $1,012.94 $180,888.89
157 $180,888.89 $725.45 $0.00 $1,022.77 $182,637.11
158 $182,637.11 $725.45 $0.00 $1,032.66 $184,395.22
159 $184,395.22 $725.45 $0.00 $1,042.60 $186,163.27
160 $186,163.27 $725.45 $0.00 $1,052.59 $187,941.31
161 $187,941.31 $725.45 $0.00 $1,062.65 $189,729.41
162 $189,729.41 $725.45 $0.00 $1,072.76 $191,527.62
163 $191,527.62 $725.45 $0.00 $1,082.93 $193,336.00
164 $193,336.00 $725.45 $0.00 $1,093.15 $195,154.60
165 $195,154.60 $725.45 $0.00 $1,103.43 $196,983.48
166 $196,983.48 $725.45 $0.00 $1,113.77 $198,822.70
167 $198,822.70 $725.45 $0.00 $1,124.17 $200,672.32
168 $200,672.32 $725.45 $0.00 $1,134.63 $202,532.40
169 $202,532.40 $725.45 $0.00 $1,145.15 $204,403.00
170 $204,403.00 $725.45 $0.00 $1,155.72 $206,284.17
171 $206,284.17 $725.45 $0.00 $1,166.36 $208,175.98
172 $208,175.98 $725.45 $0.00 $1,177.06 $210,078.49
173 $210,078.49 $725.45 $0.00 $1,187.81 $211,991.75
174 $211,991.75 $725.45 $0.00 $1,198.63 $213,915.83
175 $213,915.83 $725.45 $0.00 $1,209.51 $215,850.79
176 $215,850.79 $725.45 $0.00 $1,220.45 $217,796.69
177 $217,796.69 $725.45 $0.00 $1,231.45 $219,753.59
178 $219,753.59 $725.45 $0.00 $1,242.52 $221,721.56
179 $221,721.56 $725.45 $0.00 $1,253.65 $223,700.66
180 $223,700.66 $725.45 $0.00 $1,264.84 $225,690.95
181 $225,690.95 $725.45 $0.00 $1,276.09 $227,692.49
182 $227,692.49 $725.45 $0.00 $1,287.41 $229,705.35
183 $229,705.35 $725.45 $0.00 $1,298.79 $231,729.59
184 $231,729.59 $725.45 $0.00 $1,310.23 $233,765.27
185 $233,765.27 $725.45 $0.00 $1,321.74 $235,812.46
186 $235,812.46 $725.45 $0.00 $1,333.32 $237,871.23
187 $237,871.23 $725.45 $0.00 $1,344.96 $239,941.64
188 $239,941.64 $725.45 $0.00 $1,356.66 $242,023.75
189 $242,023.75 $725.45 $0.00 $1,368.44 $244,117.64
190 $244,117.64 $725.45 $0.00 $1,380.28 $246,223.37
191 $246,223.37 $725.45 $0.00 $1,392.18 $248,341.00
192 $248,341.00 $725.45 $0.00 $1,404.16 $250,470.61
193 $250,470.61 $725.45 $0.00 $1,416.20 $252,612.26
194 $252,612.26 $725.45 $0.00 $1,428.31 $254,766.02
195 $254,766.02 $725.45 $0.00 $1,440.48 $256,931.95
196 $256,931.95 $725.45 $0.00 $1,452.73 $259,110.13
197 $259,110.13 $725.45 $0.00 $1,465.05 $261,300.63
198 $261,300.63 $725.45 $0.00 $1,477.43 $263,503.51
199 $263,503.51 $725.45 $0.00 $1,489.89 $265,718.85
200 $265,718.85 $725.45 $0.00 $1,502.41 $267,946.71
201 $267,946.71 $725.45 $0.00 $1,515.01 $270,187.17
202 $270,187.17 $725.45 $0.00 $1,527.68 $272,440.30
203 $272,440.30 $725.45 $0.00 $1,540.42 $274,706.17
204 $274,706.17 $725.45 $0.00 $1,553.23 $276,984.85
205 $276,984.85 $725.45 $0.00 $1,566.11 $279,276.41
206 $279,276.41 $725.45 $0.00 $1,579.07 $281,580.93
207 $281,580.93 $725.45 $0.00 $1,592.10 $283,898.48
208 $283,898.48 $725.45 $0.00 $1,605.20 $286,229.13
209 $286,229.13 $725.45 $0.00 $1,618.38 $288,572.96
210 $288,572.96 $725.45 $0.00 $1,631.63 $290,930.04
211 $290,930.04 $725.45 $0.00 $1,644.96 $293,300.45
212 $293,300.45 $725.45 $0.00 $1,658.36 $295,684.26
213 $295,684.26 $725.45 $0.00 $1,671.84 $298,081.55
214 $298,081.55 $725.45 $0.00 $1,685.40 $300,492.40
215 $300,492.40 $725.45 $0.00 $1,699.03 $302,916.88
216 $302,916.88 $725.45 $0.00 $1,712.74 $305,355.07
217 $305,355.07 $725.45 $82,696.80 $1,726.52 $225,110.24
218 $225,110.24 $725.45 $0.00 $1,272.81 $227,108.50
219 $227,108.50 $725.45 $0.00 $1,284.10 $229,118.05
220 $229,118.05 $725.45 $0.00 $1,295.47 $231,138.97
221 $231,138.97 $725.45 $0.00 $1,306.89 $233,171.31
222 $233,171.31 $725.45 $0.00 $1,318.38 $235,215.14
223 $235,215.14 $725.45 $0.00 $1,329.94 $237,270.53
224 $237,270.53 $725.45 $0.00 $1,341.56 $239,337.54
225 $239,337.54 $725.45 $0.00 $1,353.25 $241,416.24
226 $241,416.24 $725.45 $0.00 $1,365.00 $243,506.69
227 $243,506.69 $725.45 $0.00 $1,376.82 $245,608.96
228 $245,608.96 $725.45 $0.00 $1,388.71 $247,723.12
229 $247,723.12 $725.45 $88,485.58 $1,400.66 $161,363.65
230 $161,363.65 $725.45 $0.00 $912.37 $163,001.47
231 $163,001.47 $725.45 $0.00 $921.63 $164,648.55
232 $164,648.55 $725.45 $0.00 $930.95 $166,304.95
233 $166,304.95 $725.45 $0.00 $940.31 $167,970.71
234 $167,970.71 $725.45 $0.00 $949.73 $169,645.89
235 $169,645.89 $725.45 $0.00 $959.20 $171,330.54
236 $171,330.54 $725.45 $0.00 $968.73 $173,024.72
237 $173,024.72 $725.45 $0.00 $978.31 $174,728.48
238 $174,728.48 $725.45 $0.00 $987.94 $176,441.87
239 $176,441.87 $725.45 $0.00 $997.63 $178,164.95
240 $178,164.95 $725.45 $0.00 $1,007.37 $179,897.77
241 $179,897.77 $725.45 $94,679.57 $1,017.17 $86,960.82
242 $86,960.82 $725.45 $0.00 $491.69 $88,177.96
243 $88,177.96 $725.45 $0.00 $498.57 $89,401.98
244 $89,401.98 $725.45 $0.00 $505.49 $90,632.92
245 $90,632.92 $725.45 $0.00 $512.45 $91,870.82
246 $91,870.82 $725.45 $0.00 $519.45 $93,115.72
247 $93,115.72 $725.45 $0.00 $526.49 $94,367.66
248 $94,367.66 $725.45 $0.00 $533.57 $95,626.68
249 $95,626.68 $725.45 $0.00 $540.69 $96,892.82
250 $96,892.82 $725.45 $0.00 $547.85 $98,166.12
251 $98,166.12 $725.45 $0.00 $555.05 $99,446.62
252 $99,446.62 $725.45 $0.00 $562.29 $100,734.36
253 $100,734.36 $0.00 $101,307.14 $569.57 -$3.21