Savings Plan and Future Cost Estimation for Furman University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$172,775
Monthly savings required$1,368

How much will it cost to send your child to Furman University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $691,100.15 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,367.67 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$66,626.00
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 $1,367.67 $0.00 $0.00 $1,367.67
2 $1,367.67 $1,367.67 $0.00 $7.73 $2,743.07
3 $2,743.07 $1,367.67 $0.00 $15.51 $4,126.25
4 $4,126.25 $1,367.67 $0.00 $23.33 $5,517.25
5 $5,517.25 $1,367.67 $0.00 $31.20 $6,916.12
6 $6,916.12 $1,367.67 $0.00 $39.10 $8,322.89
7 $8,322.89 $1,367.67 $0.00 $47.06 $9,737.62
8 $9,737.62 $1,367.67 $0.00 $55.06 $11,160.35
9 $11,160.35 $1,367.67 $0.00 $63.10 $12,591.12
10 $12,591.12 $1,367.67 $0.00 $71.19 $14,029.98
11 $14,029.98 $1,367.67 $0.00 $79.33 $15,476.98
12 $15,476.98 $1,367.67 $0.00 $87.51 $16,932.16
13 $16,932.16 $1,367.67 $0.00 $95.74 $18,395.57
14 $18,395.57 $1,367.67 $0.00 $104.01 $19,867.25
15 $19,867.25 $1,367.67 $0.00 $112.33 $21,347.25
16 $21,347.25 $1,367.67 $0.00 $120.70 $22,835.62
17 $22,835.62 $1,367.67 $0.00 $129.12 $24,332.41
18 $24,332.41 $1,367.67 $0.00 $137.58 $25,837.66
19 $25,837.66 $1,367.67 $0.00 $146.09 $27,351.42
20 $27,351.42 $1,367.67 $0.00 $154.65 $28,873.74
21 $28,873.74 $1,367.67 $0.00 $163.26 $30,404.67
22 $30,404.67 $1,367.67 $0.00 $171.91 $31,944.25
23 $31,944.25 $1,367.67 $0.00 $180.62 $33,492.54
24 $33,492.54 $1,367.67 $0.00 $189.37 $35,049.58
25 $35,049.58 $1,367.67 $0.00 $198.18 $36,615.43
26 $36,615.43 $1,367.67 $0.00 $207.03 $38,190.13
27 $38,190.13 $1,367.67 $0.00 $215.93 $39,773.73
28 $39,773.73 $1,367.67 $0.00 $224.89 $41,366.29
29 $41,366.29 $1,367.67 $0.00 $233.89 $42,967.85
30 $42,967.85 $1,367.67 $0.00 $242.95 $44,578.47
31 $44,578.47 $1,367.67 $0.00 $252.05 $46,198.19
32 $46,198.19 $1,367.67 $0.00 $261.21 $47,827.07
33 $47,827.07 $1,367.67 $0.00 $270.42 $49,465.16
34 $49,465.16 $1,367.67 $0.00 $279.68 $51,112.51
35 $51,112.51 $1,367.67 $0.00 $289.00 $52,769.18
36 $52,769.18 $1,367.67 $0.00 $298.36 $54,435.21
37 $54,435.21 $1,367.67 $0.00 $307.78 $56,110.66
38 $56,110.66 $1,367.67 $0.00 $317.26 $57,795.59
39 $57,795.59 $1,367.67 $0.00 $326.78 $59,490.04
40 $59,490.04 $1,367.67 $0.00 $336.37 $61,194.08
41 $61,194.08 $1,367.67 $0.00 $346.00 $62,907.75
42 $62,907.75 $1,367.67 $0.00 $355.69 $64,631.11
43 $64,631.11 $1,367.67 $0.00 $365.43 $66,364.21
44 $66,364.21 $1,367.67 $0.00 $375.23 $68,107.11
45 $68,107.11 $1,367.67 $0.00 $385.09 $69,859.87
46 $69,859.87 $1,367.67 $0.00 $395.00 $71,622.54
47 $71,622.54 $1,367.67 $0.00 $404.96 $73,395.17
48 $73,395.17 $1,367.67 $0.00 $414.99 $75,177.83
49 $75,177.83 $1,367.67 $0.00 $425.07 $76,970.57
50 $76,970.57 $1,367.67 $0.00 $435.20 $78,773.44
51 $78,773.44 $1,367.67 $0.00 $445.40 $80,586.51
52 $80,586.51 $1,367.67 $0.00 $455.65 $82,409.83
53 $82,409.83 $1,367.67 $0.00 $465.96 $84,243.46
54 $84,243.46 $1,367.67 $0.00 $476.32 $86,087.45
55 $86,087.45 $1,367.67 $0.00 $486.75 $87,941.87
56 $87,941.87 $1,367.67 $0.00 $497.24 $89,806.78
57 $89,806.78 $1,367.67 $0.00 $507.78 $91,682.23
58 $91,682.23 $1,367.67 $0.00 $518.38 $93,568.28
59 $93,568.28 $1,367.67 $0.00 $529.05 $95,465.00
60 $95,465.00 $1,367.67 $0.00 $539.77 $97,372.44
61 $97,372.44 $1,367.67 $0.00 $550.56 $99,290.67
62 $99,290.67 $1,367.67 $0.00 $561.40 $101,219.74
63 $101,219.74 $1,367.67 $0.00 $572.31 $103,159.72
64 $103,159.72 $1,367.67 $0.00 $583.28 $105,110.67
65 $105,110.67 $1,367.67 $0.00 $594.31 $107,072.65
66 $107,072.65 $1,367.67 $0.00 $605.40 $109,045.72
67 $109,045.72 $1,367.67 $0.00 $616.56 $111,029.95
68 $111,029.95 $1,367.67 $0.00 $627.78 $113,025.40
69 $113,025.40 $1,367.67 $0.00 $639.06 $115,032.13
70 $115,032.13 $1,367.67 $0.00 $650.41 $117,050.21
71 $117,050.21 $1,367.67 $0.00 $661.82 $119,079.70
72 $119,079.70 $1,367.67 $0.00 $673.29 $121,120.66
73 $121,120.66 $1,367.67 $0.00 $684.83 $123,173.16
74 $123,173.16 $1,367.67 $0.00 $696.44 $125,237.27
75 $125,237.27 $1,367.67 $0.00 $708.11 $127,313.05
76 $127,313.05 $1,367.67 $0.00 $719.85 $129,400.57
77 $129,400.57 $1,367.67 $0.00 $731.65 $131,499.89
78 $131,499.89 $1,367.67 $0.00 $743.52 $133,611.08
79 $133,611.08 $1,367.67 $0.00 $755.46 $135,734.21
80 $135,734.21 $1,367.67 $0.00 $767.46 $137,869.34
81 $137,869.34 $1,367.67 $0.00 $779.53 $140,016.54
82 $140,016.54 $1,367.67 $0.00 $791.67 $142,175.88
83 $142,175.88 $1,367.67 $0.00 $803.88 $144,347.43
84 $144,347.43 $1,367.67 $0.00 $816.16 $146,531.26
85 $146,531.26 $1,367.67 $0.00 $828.51 $148,727.44
86 $148,727.44 $1,367.67 $0.00 $840.93 $150,936.04
87 $150,936.04 $1,367.67 $0.00 $853.41 $153,157.12
88 $153,157.12 $1,367.67 $0.00 $865.97 $155,390.76
89 $155,390.76 $1,367.67 $0.00 $878.60 $157,637.03
90 $157,637.03 $1,367.67 $0.00 $891.30 $159,896.00
91 $159,896.00 $1,367.67 $0.00 $904.08 $162,167.75
92 $162,167.75 $1,367.67 $0.00 $916.92 $164,452.34
93 $164,452.34 $1,367.67 $0.00 $929.84 $166,749.85
94 $166,749.85 $1,367.67 $0.00 $942.83 $169,060.35
95 $169,060.35 $1,367.67 $0.00 $955.89 $171,383.91
96 $171,383.91 $1,367.67 $0.00 $969.03 $173,720.61
97 $173,720.61 $1,367.67 $0.00 $982.24 $176,070.52
98 $176,070.52 $1,367.67 $0.00 $995.53 $178,433.72
99 $178,433.72 $1,367.67 $0.00 $1,008.89 $180,810.28
100 $180,810.28 $1,367.67 $0.00 $1,022.33 $183,200.28
101 $183,200.28 $1,367.67 $0.00 $1,035.84 $185,603.79
102 $185,603.79 $1,367.67 $0.00 $1,049.43 $188,020.89
103 $188,020.89 $1,367.67 $0.00 $1,063.10 $190,451.66
104 $190,451.66 $1,367.67 $0.00 $1,076.84 $192,896.17
105 $192,896.17 $1,367.67 $0.00 $1,090.66 $195,354.50
106 $195,354.50 $1,367.67 $0.00 $1,104.56 $197,826.73
107 $197,826.73 $1,367.67 $0.00 $1,118.54 $200,312.94
108 $200,312.94 $1,367.67 $0.00 $1,132.60 $202,813.21
109 $202,813.21 $1,367.67 $0.00 $1,146.74 $205,327.62
110 $205,327.62 $1,367.67 $0.00 $1,160.95 $207,856.24
111 $207,856.24 $1,367.67 $0.00 $1,175.25 $210,399.16
112 $210,399.16 $1,367.67 $0.00 $1,189.63 $212,956.46
113 $212,956.46 $1,367.67 $0.00 $1,204.09 $215,528.22
114 $215,528.22 $1,367.67 $0.00 $1,218.63 $218,114.52
115 $218,114.52 $1,367.67 $0.00 $1,233.25 $220,715.44
116 $220,715.44 $1,367.67 $0.00 $1,247.96 $223,331.07
117 $223,331.07 $1,367.67 $0.00 $1,262.75 $225,961.49
118 $225,961.49 $1,367.67 $0.00 $1,277.62 $228,606.78
119 $228,606.78 $1,367.67 $0.00 $1,292.58 $231,267.03
120 $231,267.03 $1,367.67 $0.00 $1,307.62 $233,942.32
121 $233,942.32 $1,367.67 $0.00 $1,322.74 $236,632.73
122 $236,632.73 $1,367.67 $0.00 $1,337.96 $239,338.36
123 $239,338.36 $1,367.67 $0.00 $1,353.25 $242,059.28
124 $242,059.28 $1,367.67 $0.00 $1,368.64 $244,795.59
125 $244,795.59 $1,367.67 $0.00 $1,384.11 $247,547.37
126 $247,547.37 $1,367.67 $0.00 $1,399.67 $250,314.71
127 $250,314.71 $1,367.67 $0.00 $1,415.32 $253,097.70
128 $253,097.70 $1,367.67 $0.00 $1,431.05 $255,896.42
129 $255,896.42 $1,367.67 $0.00 $1,446.88 $258,710.97
130 $258,710.97 $1,367.67 $0.00 $1,462.79 $261,541.43
131 $261,541.43 $1,367.67 $0.00 $1,478.79 $264,387.89
132 $264,387.89 $1,367.67 $0.00 $1,494.89 $267,250.45
133 $267,250.45 $1,367.67 $0.00 $1,511.07 $270,129.19
134 $270,129.19 $1,367.67 $0.00 $1,527.35 $273,024.21
135 $273,024.21 $1,367.67 $0.00 $1,543.72 $275,935.60
136 $275,935.60 $1,367.67 $0.00 $1,560.18 $278,863.45
137 $278,863.45 $1,367.67 $0.00 $1,576.73 $281,807.85
138 $281,807.85 $1,367.67 $0.00 $1,593.38 $284,768.90
139 $284,768.90 $1,367.67 $0.00 $1,610.12 $287,746.69
140 $287,746.69 $1,367.67 $0.00 $1,626.96 $290,741.32
141 $290,741.32 $1,367.67 $0.00 $1,643.89 $293,752.88
142 $293,752.88 $1,367.67 $0.00 $1,660.92 $296,781.47
143 $296,781.47 $1,367.67 $0.00 $1,678.05 $299,827.19
144 $299,827.19 $1,367.67 $0.00 $1,695.27 $302,890.13
145 $302,890.13 $1,367.67 $0.00 $1,712.58 $305,970.38
146 $305,970.38 $1,367.67 $0.00 $1,730.00 $309,068.05
147 $309,068.05 $1,367.67 $0.00 $1,747.52 $312,183.24
148 $312,183.24 $1,367.67 $0.00 $1,765.13 $315,316.04
149 $315,316.04 $1,367.67 $0.00 $1,782.84 $318,466.55
150 $318,466.55 $1,367.67 $0.00 $1,800.66 $321,634.88
151 $321,634.88 $1,367.67 $0.00 $1,818.57 $324,821.12
152 $324,821.12 $1,367.67 $0.00 $1,836.59 $328,025.38
153 $328,025.38 $1,367.67 $0.00 $1,854.70 $331,247.75
154 $331,247.75 $1,367.67 $0.00 $1,872.92 $334,488.34
155 $334,488.34 $1,367.67 $0.00 $1,891.25 $337,747.26
156 $337,747.26 $1,367.67 $0.00 $1,909.67 $341,024.60
157 $341,024.60 $1,367.67 $0.00 $1,928.20 $344,320.47
158 $344,320.47 $1,367.67 $0.00 $1,946.84 $347,634.98
159 $347,634.98 $1,367.67 $0.00 $1,965.58 $350,968.23
160 $350,968.23 $1,367.67 $0.00 $1,984.43 $354,320.33
161 $354,320.33 $1,367.67 $0.00 $2,003.38 $357,691.38
162 $357,691.38 $1,367.67 $0.00 $2,022.44 $361,081.49
163 $361,081.49 $1,367.67 $0.00 $2,041.61 $364,490.77
164 $364,490.77 $1,367.67 $0.00 $2,060.88 $367,919.32
165 $367,919.32 $1,367.67 $0.00 $2,080.27 $371,367.26
166 $371,367.26 $1,367.67 $0.00 $2,099.76 $374,834.69
167 $374,834.69 $1,367.67 $0.00 $2,119.37 $378,321.73
168 $378,321.73 $1,367.67 $0.00 $2,139.09 $381,828.49
169 $381,828.49 $1,367.67 $0.00 $2,158.91 $385,355.07
170 $385,355.07 $1,367.67 $0.00 $2,178.85 $388,901.59
171 $388,901.59 $1,367.67 $0.00 $2,198.91 $392,468.17
172 $392,468.17 $1,367.67 $0.00 $2,219.07 $396,054.91
173 $396,054.91 $1,367.67 $0.00 $2,239.35 $399,661.93
174 $399,661.93 $1,367.67 $0.00 $2,259.75 $403,289.35
175 $403,289.35 $1,367.67 $0.00 $2,280.26 $406,937.28
176 $406,937.28 $1,367.67 $0.00 $2,300.88 $410,605.83
177 $410,605.83 $1,367.67 $0.00 $2,321.63 $414,295.13
178 $414,295.13 $1,367.67 $0.00 $2,342.48 $418,005.28
179 $418,005.28 $1,367.67 $0.00 $2,363.46 $421,736.41
180 $421,736.41 $1,367.67 $0.00 $2,384.56 $425,488.64
181 $425,488.64 $1,367.67 $0.00 $2,405.77 $429,262.08
182 $429,262.08 $1,367.67 $0.00 $2,427.11 $433,056.86
183 $433,056.86 $1,367.67 $0.00 $2,448.57 $436,873.10
184 $436,873.10 $1,367.67 $0.00 $2,470.14 $440,710.91
185 $440,710.91 $1,367.67 $0.00 $2,491.84 $444,570.42
186 $444,570.42 $1,367.67 $0.00 $2,513.67 $448,451.76
187 $448,451.76 $1,367.67 $0.00 $2,535.61 $452,355.04
188 $452,355.04 $1,367.67 $0.00 $2,557.68 $456,280.39
189 $456,280.39 $1,367.67 $0.00 $2,579.88 $460,227.94
190 $460,227.94 $1,367.67 $0.00 $2,602.20 $464,197.81
191 $464,197.81 $1,367.67 $0.00 $2,624.64 $468,190.12
192 $468,190.12 $1,367.67 $0.00 $2,647.22 $472,205.01
193 $472,205.01 $1,367.67 $0.00 $2,669.92 $476,242.60
194 $476,242.60 $1,367.67 $0.00 $2,692.74 $480,303.01
195 $480,303.01 $1,367.67 $0.00 $2,715.70 $484,386.38
196 $484,386.38 $1,367.67 $0.00 $2,738.79 $488,492.84
197 $488,492.84 $1,367.67 $0.00 $2,762.01 $492,622.52
198 $492,622.52 $1,367.67 $0.00 $2,785.36 $496,775.55
199 $496,775.55 $1,367.67 $0.00 $2,808.84 $500,952.06
200 $500,952.06 $1,367.67 $0.00 $2,832.46 $505,152.19
201 $505,152.19 $1,367.67 $0.00 $2,856.20 $509,376.06
202 $509,376.06 $1,367.67 $0.00 $2,880.09 $513,623.82
203 $513,623.82 $1,367.67 $0.00 $2,904.10 $517,895.59
204 $517,895.59 $1,367.67 $0.00 $2,928.26 $522,191.52
205 $522,191.52 $1,367.67 $0.00 $2,952.55 $526,511.74
206 $526,511.74 $1,367.67 $0.00 $2,976.97 $530,856.38
207 $530,856.38 $1,367.67 $0.00 $3,001.54 $535,225.59
208 $535,225.59 $1,367.67 $0.00 $3,026.24 $539,619.50
209 $539,619.50 $1,367.67 $0.00 $3,051.09 $544,038.26
210 $544,038.26 $1,367.67 $0.00 $3,076.07 $548,482.00
211 $548,482.00 $1,367.67 $0.00 $3,101.20 $552,950.87
212 $552,950.87 $1,367.67 $0.00 $3,126.46 $557,445.00
213 $557,445.00 $1,367.67 $0.00 $3,151.88 $561,964.55
214 $561,964.55 $1,367.67 $0.00 $3,177.43 $566,509.65
215 $566,509.65 $1,367.67 $0.00 $3,203.13 $571,080.45
216 $571,080.45 $1,367.67 $0.00 $3,228.97 $575,677.09
217 $575,677.09 $1,367.67 $160,343.41 $3,254.96 $419,956.31
218 $419,956.31 $1,367.67 $0.00 $2,374.49 $423,698.47
219 $423,698.47 $1,367.67 $0.00 $2,395.65 $427,461.79
220 $427,461.79 $1,367.67 $0.00 $2,416.93 $431,246.39
221 $431,246.39 $1,367.67 $0.00 $2,438.33 $435,052.39
222 $435,052.39 $1,367.67 $0.00 $2,459.85 $438,879.91
223 $438,879.91 $1,367.67 $0.00 $2,481.49 $442,729.07
224 $442,729.07 $1,367.67 $0.00 $2,503.25 $446,599.99
225 $446,599.99 $1,367.67 $0.00 $2,525.14 $450,492.80
226 $450,492.80 $1,367.67 $0.00 $2,547.15 $454,407.62
227 $454,407.62 $1,367.67 $0.00 $2,569.29 $458,344.58
228 $458,344.58 $1,367.67 $0.00 $2,591.55 $462,303.80
229 $462,303.80 $1,367.67 $168,360.58 $2,613.93 $297,924.82
230 $297,924.82 $1,367.67 $0.00 $1,684.51 $300,977.00
231 $300,977.00 $1,367.67 $0.00 $1,701.77 $304,046.44
232 $304,046.44 $1,367.67 $0.00 $1,719.12 $307,133.23
233 $307,133.23 $1,367.67 $0.00 $1,736.58 $310,237.48
234 $310,237.48 $1,367.67 $0.00 $1,754.13 $313,359.28
235 $313,359.28 $1,367.67 $0.00 $1,771.78 $316,498.73
236 $316,498.73 $1,367.67 $0.00 $1,789.53 $319,655.93
237 $319,655.93 $1,367.67 $0.00 $1,807.38 $322,830.98
238 $322,830.98 $1,367.67 $0.00 $1,825.33 $326,023.98
239 $326,023.98 $1,367.67 $0.00 $1,843.39 $329,235.04
240 $329,235.04 $1,367.67 $0.00 $1,861.54 $332,464.25
241 $332,464.25 $1,367.67 $176,778.61 $1,879.80 $158,933.11
242 $158,933.11 $1,367.67 $0.00 $898.63 $161,199.41
243 $161,199.41 $1,367.67 $0.00 $911.44 $163,478.52
244 $163,478.52 $1,367.67 $0.00 $924.33 $165,770.52
245 $165,770.52 $1,367.67 $0.00 $937.29 $168,075.48
246 $168,075.48 $1,367.67 $0.00 $950.32 $170,393.47
247 $170,393.47 $1,367.67 $0.00 $963.43 $172,724.57
248 $172,724.57 $1,367.67 $0.00 $976.61 $175,068.85
249 $175,068.85 $1,367.67 $0.00 $989.86 $177,426.38
250 $177,426.38 $1,367.67 $0.00 $1,003.19 $179,797.24
251 $179,797.24 $1,367.67 $0.00 $1,016.60 $182,181.51
252 $182,181.51 $1,367.67 $0.00 $1,030.08 $184,579.26
253 $184,579.26 $0.00 $185,617.54 $1,043.64 $5.36