Savings Plan and Future Cost Estimation for Bennington College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$204,251
Monthly savings required$1,617

How much will it cost to send your child to Bennington College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $817,005.56 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,616.82 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$78,764.00
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 $1,616.82 $0.00 $0.00 $1,616.82
2 $1,616.82 $1,616.82 $0.00 $9.14 $3,242.78
3 $3,242.78 $1,616.82 $0.00 $18.34 $4,877.94
4 $4,877.94 $1,616.82 $0.00 $27.58 $6,522.34
5 $6,522.34 $1,616.82 $0.00 $36.88 $8,176.04
6 $8,176.04 $1,616.82 $0.00 $46.23 $9,839.09
7 $9,839.09 $1,616.82 $0.00 $55.63 $11,511.54
8 $11,511.54 $1,616.82 $0.00 $65.09 $13,193.45
9 $13,193.45 $1,616.82 $0.00 $74.60 $14,884.87
10 $14,884.87 $1,616.82 $0.00 $84.16 $16,585.85
11 $16,585.85 $1,616.82 $0.00 $93.78 $18,296.45
12 $18,296.45 $1,616.82 $0.00 $103.45 $20,016.72
13 $20,016.72 $1,616.82 $0.00 $113.18 $21,746.72
14 $21,746.72 $1,616.82 $0.00 $122.96 $23,486.50
15 $23,486.50 $1,616.82 $0.00 $132.80 $25,236.12
16 $25,236.12 $1,616.82 $0.00 $142.69 $26,995.63
17 $26,995.63 $1,616.82 $0.00 $152.64 $28,765.09
18 $28,765.09 $1,616.82 $0.00 $162.64 $30,544.55
19 $30,544.55 $1,616.82 $0.00 $172.70 $32,334.07
20 $32,334.07 $1,616.82 $0.00 $182.82 $34,133.71
21 $34,133.71 $1,616.82 $0.00 $193.00 $35,943.53
22 $35,943.53 $1,616.82 $0.00 $203.23 $37,763.58
23 $37,763.58 $1,616.82 $0.00 $213.52 $39,593.92
24 $39,593.92 $1,616.82 $0.00 $223.87 $41,434.61
25 $41,434.61 $1,616.82 $0.00 $234.28 $43,285.71
26 $43,285.71 $1,616.82 $0.00 $244.74 $45,147.27
27 $45,147.27 $1,616.82 $0.00 $255.27 $47,019.36
28 $47,019.36 $1,616.82 $0.00 $265.85 $48,902.03
29 $48,902.03 $1,616.82 $0.00 $276.50 $50,795.35
30 $50,795.35 $1,616.82 $0.00 $287.20 $52,699.37
31 $52,699.37 $1,616.82 $0.00 $297.97 $54,614.16
32 $54,614.16 $1,616.82 $0.00 $308.80 $56,539.78
33 $56,539.78 $1,616.82 $0.00 $319.68 $58,476.28
34 $58,476.28 $1,616.82 $0.00 $330.63 $60,423.73
35 $60,423.73 $1,616.82 $0.00 $341.64 $62,382.19
36 $62,382.19 $1,616.82 $0.00 $352.72 $64,351.73
37 $64,351.73 $1,616.82 $0.00 $363.85 $66,332.40
38 $66,332.40 $1,616.82 $0.00 $375.05 $68,324.27
39 $68,324.27 $1,616.82 $0.00 $386.32 $70,327.41
40 $70,327.41 $1,616.82 $0.00 $397.64 $72,341.87
41 $72,341.87 $1,616.82 $0.00 $409.03 $74,367.72
42 $74,367.72 $1,616.82 $0.00 $420.49 $76,405.03
43 $76,405.03 $1,616.82 $0.00 $432.01 $78,453.86
44 $78,453.86 $1,616.82 $0.00 $443.59 $80,514.27
45 $80,514.27 $1,616.82 $0.00 $455.24 $82,586.33
46 $82,586.33 $1,616.82 $0.00 $466.96 $84,670.11
47 $84,670.11 $1,616.82 $0.00 $478.74 $86,765.67
48 $86,765.67 $1,616.82 $0.00 $490.59 $88,873.08
49 $88,873.08 $1,616.82 $0.00 $502.50 $90,992.40
50 $90,992.40 $1,616.82 $0.00 $514.48 $93,123.70
51 $93,123.70 $1,616.82 $0.00 $526.53 $95,267.05
52 $95,267.05 $1,616.82 $0.00 $538.65 $97,422.52
53 $97,422.52 $1,616.82 $0.00 $550.84 $99,590.18
54 $99,590.18 $1,616.82 $0.00 $563.10 $101,770.10
55 $101,770.10 $1,616.82 $0.00 $575.42 $103,962.34
56 $103,962.34 $1,616.82 $0.00 $587.82 $106,166.98
57 $106,166.98 $1,616.82 $0.00 $600.28 $108,384.08
58 $108,384.08 $1,616.82 $0.00 $612.82 $110,613.72
59 $110,613.72 $1,616.82 $0.00 $625.43 $112,855.97
60 $112,855.97 $1,616.82 $0.00 $638.10 $115,110.89
61 $115,110.89 $1,616.82 $0.00 $650.85 $117,378.56
62 $117,378.56 $1,616.82 $0.00 $663.68 $119,659.06
63 $119,659.06 $1,616.82 $0.00 $676.57 $121,952.45
64 $121,952.45 $1,616.82 $0.00 $689.54 $124,258.81
65 $124,258.81 $1,616.82 $0.00 $702.58 $126,578.21
66 $126,578.21 $1,616.82 $0.00 $715.69 $128,910.72
67 $128,910.72 $1,616.82 $0.00 $728.88 $131,256.42
68 $131,256.42 $1,616.82 $0.00 $742.14 $133,615.38
69 $133,615.38 $1,616.82 $0.00 $755.48 $135,987.68
70 $135,987.68 $1,616.82 $0.00 $768.89 $138,373.39
71 $138,373.39 $1,616.82 $0.00 $782.38 $140,772.59
72 $140,772.59 $1,616.82 $0.00 $795.95 $143,185.36
73 $143,185.36 $1,616.82 $0.00 $809.59 $145,611.77
74 $145,611.77 $1,616.82 $0.00 $823.31 $148,051.90
75 $148,051.90 $1,616.82 $0.00 $837.11 $150,505.83
76 $150,505.83 $1,616.82 $0.00 $850.98 $152,973.63
77 $152,973.63 $1,616.82 $0.00 $864.94 $155,455.39
78 $155,455.39 $1,616.82 $0.00 $878.97 $157,951.18
79 $157,951.18 $1,616.82 $0.00 $893.08 $160,461.08
80 $160,461.08 $1,616.82 $0.00 $907.27 $162,985.17
81 $162,985.17 $1,616.82 $0.00 $921.54 $165,523.53
82 $165,523.53 $1,616.82 $0.00 $935.89 $168,076.24
83 $168,076.24 $1,616.82 $0.00 $950.33 $170,643.39
84 $170,643.39 $1,616.82 $0.00 $964.84 $173,225.05
85 $173,225.05 $1,616.82 $0.00 $979.44 $175,821.31
86 $175,821.31 $1,616.82 $0.00 $994.12 $178,432.25
87 $178,432.25 $1,616.82 $0.00 $1,008.88 $181,057.95
88 $181,057.95 $1,616.82 $0.00 $1,023.73 $183,698.50
89 $183,698.50 $1,616.82 $0.00 $1,038.66 $186,353.98
90 $186,353.98 $1,616.82 $0.00 $1,053.67 $189,024.47
91 $189,024.47 $1,616.82 $0.00 $1,068.77 $191,710.06
92 $191,710.06 $1,616.82 $0.00 $1,083.96 $194,410.84
93 $194,410.84 $1,616.82 $0.00 $1,099.23 $197,126.89
94 $197,126.89 $1,616.82 $0.00 $1,114.58 $199,858.29
95 $199,858.29 $1,616.82 $0.00 $1,130.03 $202,605.14
96 $202,605.14 $1,616.82 $0.00 $1,145.56 $205,367.52
97 $205,367.52 $1,616.82 $0.00 $1,161.18 $208,145.52
98 $208,145.52 $1,616.82 $0.00 $1,176.89 $210,939.23
99 $210,939.23 $1,616.82 $0.00 $1,192.68 $213,748.73
100 $213,748.73 $1,616.82 $0.00 $1,208.57 $216,574.12
101 $216,574.12 $1,616.82 $0.00 $1,224.54 $219,415.48
102 $219,415.48 $1,616.82 $0.00 $1,240.61 $222,272.91
103 $222,272.91 $1,616.82 $0.00 $1,256.76 $225,146.49
104 $225,146.49 $1,616.82 $0.00 $1,273.01 $228,036.32
105 $228,036.32 $1,616.82 $0.00 $1,289.35 $230,942.49
106 $230,942.49 $1,616.82 $0.00 $1,305.78 $233,865.09
107 $233,865.09 $1,616.82 $0.00 $1,322.31 $236,804.22
108 $236,804.22 $1,616.82 $0.00 $1,338.93 $239,759.97
109 $239,759.97 $1,616.82 $0.00 $1,355.64 $242,732.43
110 $242,732.43 $1,616.82 $0.00 $1,372.44 $245,721.69
111 $245,721.69 $1,616.82 $0.00 $1,389.35 $248,727.86
112 $248,727.86 $1,616.82 $0.00 $1,406.34 $251,751.02
113 $251,751.02 $1,616.82 $0.00 $1,423.44 $254,791.28
114 $254,791.28 $1,616.82 $0.00 $1,440.63 $257,848.73
115 $257,848.73 $1,616.82 $0.00 $1,457.91 $260,923.46
116 $260,923.46 $1,616.82 $0.00 $1,475.30 $264,015.58
117 $264,015.58 $1,616.82 $0.00 $1,492.78 $267,125.18
118 $267,125.18 $1,616.82 $0.00 $1,510.36 $270,252.36
119 $270,252.36 $1,616.82 $0.00 $1,528.05 $273,397.23
120 $273,397.23 $1,616.82 $0.00 $1,545.83 $276,559.88
121 $276,559.88 $1,616.82 $0.00 $1,563.71 $279,740.41
122 $279,740.41 $1,616.82 $0.00 $1,581.69 $282,938.92
123 $282,938.92 $1,616.82 $0.00 $1,599.78 $286,155.52
124 $286,155.52 $1,616.82 $0.00 $1,617.96 $289,390.30
125 $289,390.30 $1,616.82 $0.00 $1,636.25 $292,643.37
126 $292,643.37 $1,616.82 $0.00 $1,654.65 $295,914.84
127 $295,914.84 $1,616.82 $0.00 $1,673.15 $299,204.81
128 $299,204.81 $1,616.82 $0.00 $1,691.75 $302,513.38
129 $302,513.38 $1,616.82 $0.00 $1,710.45 $305,840.65
130 $305,840.65 $1,616.82 $0.00 $1,729.27 $309,186.74
131 $309,186.74 $1,616.82 $0.00 $1,748.19 $312,551.75
132 $312,551.75 $1,616.82 $0.00 $1,767.21 $315,935.78
133 $315,935.78 $1,616.82 $0.00 $1,786.35 $319,338.95
134 $319,338.95 $1,616.82 $0.00 $1,805.59 $322,761.36
135 $322,761.36 $1,616.82 $0.00 $1,824.94 $326,203.12
136 $326,203.12 $1,616.82 $0.00 $1,844.40 $329,664.34
137 $329,664.34 $1,616.82 $0.00 $1,863.97 $333,145.13
138 $333,145.13 $1,616.82 $0.00 $1,883.65 $336,645.60
139 $336,645.60 $1,616.82 $0.00 $1,903.44 $340,165.86
140 $340,165.86 $1,616.82 $0.00 $1,923.35 $343,706.03
141 $343,706.03 $1,616.82 $0.00 $1,943.36 $347,266.21
142 $347,266.21 $1,616.82 $0.00 $1,963.49 $350,846.52
143 $350,846.52 $1,616.82 $0.00 $1,983.74 $354,447.08
144 $354,447.08 $1,616.82 $0.00 $2,004.10 $358,068.00
145 $358,068.00 $1,616.82 $0.00 $2,024.57 $361,709.39
146 $361,709.39 $1,616.82 $0.00 $2,045.16 $365,371.37
147 $365,371.37 $1,616.82 $0.00 $2,065.86 $369,054.05
148 $369,054.05 $1,616.82 $0.00 $2,086.69 $372,757.56
149 $372,757.56 $1,616.82 $0.00 $2,107.63 $376,482.01
150 $376,482.01 $1,616.82 $0.00 $2,128.68 $380,227.51
151 $380,227.51 $1,616.82 $0.00 $2,149.86 $383,994.19
152 $383,994.19 $1,616.82 $0.00 $2,171.16 $387,782.17
153 $387,782.17 $1,616.82 $0.00 $2,192.58 $391,591.57
154 $391,591.57 $1,616.82 $0.00 $2,214.12 $395,422.51
155 $395,422.51 $1,616.82 $0.00 $2,235.78 $399,275.11
156 $399,275.11 $1,616.82 $0.00 $2,257.56 $403,149.49
157 $403,149.49 $1,616.82 $0.00 $2,279.47 $407,045.78
158 $407,045.78 $1,616.82 $0.00 $2,301.50 $410,964.10
159 $410,964.10 $1,616.82 $0.00 $2,323.65 $414,904.57
160 $414,904.57 $1,616.82 $0.00 $2,345.93 $418,867.32
161 $418,867.32 $1,616.82 $0.00 $2,368.34 $422,852.48
162 $422,852.48 $1,616.82 $0.00 $2,390.87 $426,860.17
163 $426,860.17 $1,616.82 $0.00 $2,413.53 $430,890.52
164 $430,890.52 $1,616.82 $0.00 $2,436.32 $434,943.66
165 $434,943.66 $1,616.82 $0.00 $2,459.23 $439,019.71
166 $439,019.71 $1,616.82 $0.00 $2,482.28 $443,118.81
167 $443,118.81 $1,616.82 $0.00 $2,505.46 $447,241.09
168 $447,241.09 $1,616.82 $0.00 $2,528.77 $451,386.68
169 $451,386.68 $1,616.82 $0.00 $2,552.21 $455,555.71
170 $455,555.71 $1,616.82 $0.00 $2,575.78 $459,748.31
171 $459,748.31 $1,616.82 $0.00 $2,599.48 $463,964.61
172 $463,964.61 $1,616.82 $0.00 $2,623.32 $468,204.75
173 $468,204.75 $1,616.82 $0.00 $2,647.30 $472,468.87
174 $472,468.87 $1,616.82 $0.00 $2,671.41 $476,757.10
175 $476,757.10 $1,616.82 $0.00 $2,695.65 $481,069.57
176 $481,069.57 $1,616.82 $0.00 $2,720.04 $485,406.43
177 $485,406.43 $1,616.82 $0.00 $2,744.56 $489,767.81
178 $489,767.81 $1,616.82 $0.00 $2,769.22 $494,153.85
179 $494,153.85 $1,616.82 $0.00 $2,794.02 $498,564.69
180 $498,564.69 $1,616.82 $0.00 $2,818.96 $503,000.47
181 $503,000.47 $1,616.82 $0.00 $2,844.04 $507,461.33
182 $507,461.33 $1,616.82 $0.00 $2,869.26 $511,947.41
183 $511,947.41 $1,616.82 $0.00 $2,894.63 $516,458.86
184 $516,458.86 $1,616.82 $0.00 $2,920.13 $520,995.81
185 $520,995.81 $1,616.82 $0.00 $2,945.79 $525,558.42
186 $525,558.42 $1,616.82 $0.00 $2,971.58 $530,146.82
187 $530,146.82 $1,616.82 $0.00 $2,997.53 $534,761.17
188 $534,761.17 $1,616.82 $0.00 $3,023.62 $539,401.61
189 $539,401.61 $1,616.82 $0.00 $3,049.86 $544,068.29
190 $544,068.29 $1,616.82 $0.00 $3,076.24 $548,761.35
191 $548,761.35 $1,616.82 $0.00 $3,102.78 $553,480.95
192 $553,480.95 $1,616.82 $0.00 $3,129.46 $558,227.23
193 $558,227.23 $1,616.82 $0.00 $3,156.30 $563,000.35
194 $563,000.35 $1,616.82 $0.00 $3,183.29 $567,800.46
195 $567,800.46 $1,616.82 $0.00 $3,210.43 $572,627.71
196 $572,627.71 $1,616.82 $0.00 $3,237.72 $577,482.25
197 $577,482.25 $1,616.82 $0.00 $3,265.17 $582,364.24
198 $582,364.24 $1,616.82 $0.00 $3,292.77 $587,273.83
199 $587,273.83 $1,616.82 $0.00 $3,320.53 $592,211.18
200 $592,211.18 $1,616.82 $0.00 $3,348.45 $597,176.45
201 $597,176.45 $1,616.82 $0.00 $3,376.52 $602,169.79
202 $602,169.79 $1,616.82 $0.00 $3,404.76 $607,191.37
203 $607,191.37 $1,616.82 $0.00 $3,433.15 $612,241.34
204 $612,241.34 $1,616.82 $0.00 $3,461.70 $617,319.86
205 $617,319.86 $1,616.82 $0.00 $3,490.42 $622,427.10
206 $622,427.10 $1,616.82 $0.00 $3,519.29 $627,563.21
207 $627,563.21 $1,616.82 $0.00 $3,548.33 $632,728.36
208 $632,728.36 $1,616.82 $0.00 $3,577.54 $637,922.72
209 $637,922.72 $1,616.82 $0.00 $3,606.91 $643,146.45
210 $643,146.45 $1,616.82 $0.00 $3,636.44 $648,399.71
211 $648,399.71 $1,616.82 $0.00 $3,666.15 $653,682.68
212 $653,682.68 $1,616.82 $0.00 $3,696.02 $658,995.52
213 $658,995.52 $1,616.82 $0.00 $3,726.06 $664,338.40
214 $664,338.40 $1,616.82 $0.00 $3,756.27 $669,711.49
215 $669,711.49 $1,616.82 $0.00 $3,786.65 $675,114.96
216 $675,114.96 $1,616.82 $0.00 $3,817.20 $680,548.98
217 $680,548.98 $1,616.82 $189,554.96 $3,847.92 $496,458.76
218 $496,458.76 $1,616.82 $0.00 $2,807.05 $500,882.63
219 $500,882.63 $1,616.82 $0.00 $2,832.06 $505,331.51
220 $505,331.51 $1,616.82 $0.00 $2,857.22 $509,805.55
221 $509,805.55 $1,616.82 $0.00 $2,882.51 $514,304.88
222 $514,304.88 $1,616.82 $0.00 $2,907.95 $518,829.65
223 $518,829.65 $1,616.82 $0.00 $2,933.54 $523,380.01
224 $523,380.01 $1,616.82 $0.00 $2,959.27 $527,956.10
225 $527,956.10 $1,616.82 $0.00 $2,985.14 $532,558.06
226 $532,558.06 $1,616.82 $0.00 $3,011.16 $537,186.04
227 $537,186.04 $1,616.82 $0.00 $3,037.33 $541,840.19
228 $541,840.19 $1,616.82 $0.00 $3,063.64 $546,520.65
229 $546,520.65 $1,616.82 $199,032.71 $3,090.11 $352,194.87
230 $352,194.87 $1,616.82 $0.00 $1,991.36 $355,803.05
231 $355,803.05 $1,616.82 $0.00 $2,011.76 $359,431.63
232 $359,431.63 $1,616.82 $0.00 $2,032.28 $363,080.73
233 $363,080.73 $1,616.82 $0.00 $2,052.91 $366,750.46
234 $366,750.46 $1,616.82 $0.00 $2,073.66 $370,440.94
235 $370,440.94 $1,616.82 $0.00 $2,094.53 $374,152.29
236 $374,152.29 $1,616.82 $0.00 $2,115.51 $377,884.62
237 $377,884.62 $1,616.82 $0.00 $2,136.61 $381,638.05
238 $381,638.05 $1,616.82 $0.00 $2,157.84 $385,412.71
239 $385,412.71 $1,616.82 $0.00 $2,179.18 $389,208.71
240 $389,208.71 $1,616.82 $0.00 $2,200.64 $393,026.17
241 $393,026.17 $1,616.82 $208,984.34 $2,222.23 $187,880.88
242 $187,880.88 $1,616.82 $0.00 $1,062.31 $190,560.01
243 $190,560.01 $1,616.82 $0.00 $1,077.45 $193,254.28
244 $193,254.28 $1,616.82 $0.00 $1,092.69 $195,963.79
245 $195,963.79 $1,616.82 $0.00 $1,108.01 $198,688.62
246 $198,688.62 $1,616.82 $0.00 $1,123.41 $201,428.85
247 $201,428.85 $1,616.82 $0.00 $1,138.91 $204,184.58
248 $204,184.58 $1,616.82 $0.00 $1,154.49 $206,955.89
249 $206,955.89 $1,616.82 $0.00 $1,170.16 $209,742.87
250 $209,742.87 $1,616.82 $0.00 $1,185.92 $212,545.61
251 $212,545.61 $1,616.82 $0.00 $1,201.76 $215,364.19
252 $215,364.19 $1,616.82 $0.00 $1,217.70 $218,198.71
253 $218,198.71 $0.00 $219,433.56 $1,233.73 ($1.12)