Savings Plan and Future Cost Estimation for Fairleigh Dickinson University Metropolitan Campus

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$211,557
Monthly savings required$1,672

How much will it cost to send your child to Fairleigh Dickinson University Metropolitan Campus in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $846,228.19 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,671.99 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$56,390.00
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 $1,671.99 $0.00 $0.00 $1,671.99
2 $1,671.99 $1,671.99 $0.00 $9.45 $3,353.43
3 $3,353.43 $1,671.99 $0.00 $18.96 $5,044.38
4 $5,044.38 $1,671.99 $0.00 $28.52 $6,744.89
5 $6,744.89 $1,671.99 $0.00 $38.14 $8,455.02
6 $8,455.02 $1,671.99 $0.00 $47.81 $10,174.82
7 $10,174.82 $1,671.99 $0.00 $57.53 $11,904.34
8 $11,904.34 $1,671.99 $0.00 $67.31 $13,643.64
9 $13,643.64 $1,671.99 $0.00 $77.14 $15,392.77
10 $15,392.77 $1,671.99 $0.00 $87.03 $17,151.79
11 $17,151.79 $1,671.99 $0.00 $96.98 $18,920.76
12 $18,920.76 $1,671.99 $0.00 $106.98 $20,699.73
13 $20,699.73 $1,671.99 $0.00 $117.04 $22,488.76
14 $22,488.76 $1,671.99 $0.00 $127.15 $24,287.90
15 $24,287.90 $1,671.99 $0.00 $137.33 $26,097.22
16 $26,097.22 $1,671.99 $0.00 $147.56 $27,916.77
17 $27,916.77 $1,671.99 $0.00 $157.85 $29,746.61
18 $29,746.61 $1,671.99 $0.00 $168.19 $31,586.79
19 $31,586.79 $1,671.99 $0.00 $178.60 $33,437.38
20 $33,437.38 $1,671.99 $0.00 $189.06 $35,298.43
21 $35,298.43 $1,671.99 $0.00 $199.58 $37,170.00
22 $37,170.00 $1,671.99 $0.00 $210.16 $39,052.15
23 $39,052.15 $1,671.99 $0.00 $220.81 $40,944.95
24 $40,944.95 $1,671.99 $0.00 $231.51 $42,848.45
25 $42,848.45 $1,671.99 $0.00 $242.27 $44,762.71
26 $44,762.71 $1,671.99 $0.00 $253.09 $46,687.79
27 $46,687.79 $1,671.99 $0.00 $263.98 $48,623.76
28 $48,623.76 $1,671.99 $0.00 $274.93 $50,570.68
29 $50,570.68 $1,671.99 $0.00 $285.93 $52,528.60
30 $52,528.60 $1,671.99 $0.00 $297.00 $54,497.59
31 $54,497.59 $1,671.99 $0.00 $308.14 $56,477.72
32 $56,477.72 $1,671.99 $0.00 $319.33 $58,469.04
33 $58,469.04 $1,671.99 $0.00 $330.59 $60,471.62
34 $60,471.62 $1,671.99 $0.00 $341.92 $62,485.53
35 $62,485.53 $1,671.99 $0.00 $353.30 $64,510.82
36 $64,510.82 $1,671.99 $0.00 $364.75 $66,547.56
37 $66,547.56 $1,671.99 $0.00 $376.27 $68,595.82
38 $68,595.82 $1,671.99 $0.00 $387.85 $70,655.66
39 $70,655.66 $1,671.99 $0.00 $399.50 $72,727.15
40 $72,727.15 $1,671.99 $0.00 $411.21 $74,810.35
41 $74,810.35 $1,671.99 $0.00 $422.99 $76,905.33
42 $76,905.33 $1,671.99 $0.00 $434.83 $79,012.15
43 $79,012.15 $1,671.99 $0.00 $446.75 $81,130.89
44 $81,130.89 $1,671.99 $0.00 $458.73 $83,261.61
45 $83,261.61 $1,671.99 $0.00 $470.77 $85,404.37
46 $85,404.37 $1,671.99 $0.00 $482.89 $87,559.25
47 $87,559.25 $1,671.99 $0.00 $495.07 $89,726.31
48 $89,726.31 $1,671.99 $0.00 $507.33 $91,905.63
49 $91,905.63 $1,671.99 $0.00 $519.65 $94,097.27
50 $94,097.27 $1,671.99 $0.00 $532.04 $96,301.30
51 $96,301.30 $1,671.99 $0.00 $544.50 $98,517.79
52 $98,517.79 $1,671.99 $0.00 $557.03 $100,746.81
53 $100,746.81 $1,671.99 $0.00 $569.64 $102,988.44
54 $102,988.44 $1,671.99 $0.00 $582.31 $105,242.74
55 $105,242.74 $1,671.99 $0.00 $595.06 $107,509.79
56 $107,509.79 $1,671.99 $0.00 $607.88 $109,789.66
57 $109,789.66 $1,671.99 $0.00 $620.77 $112,082.42
58 $112,082.42 $1,671.99 $0.00 $633.73 $114,388.14
59 $114,388.14 $1,671.99 $0.00 $646.77 $116,706.90
60 $116,706.90 $1,671.99 $0.00 $659.88 $119,038.77
61 $119,038.77 $1,671.99 $0.00 $673.06 $121,383.82
62 $121,383.82 $1,671.99 $0.00 $686.32 $123,742.13
63 $123,742.13 $1,671.99 $0.00 $699.66 $126,113.78
64 $126,113.78 $1,671.99 $0.00 $713.07 $128,498.84
65 $128,498.84 $1,671.99 $0.00 $726.55 $130,897.38
66 $130,897.38 $1,671.99 $0.00 $740.11 $133,309.48
67 $133,309.48 $1,671.99 $0.00 $753.75 $135,735.22
68 $135,735.22 $1,671.99 $0.00 $767.47 $138,174.68
69 $138,174.68 $1,671.99 $0.00 $781.26 $140,627.93
70 $140,627.93 $1,671.99 $0.00 $795.13 $143,095.05
71 $143,095.05 $1,671.99 $0.00 $809.08 $145,576.12
72 $145,576.12 $1,671.99 $0.00 $823.11 $148,071.22
73 $148,071.22 $1,671.99 $0.00 $837.22 $150,580.43
74 $150,580.43 $1,671.99 $0.00 $851.40 $153,103.82
75 $153,103.82 $1,671.99 $0.00 $865.67 $155,641.48
76 $155,641.48 $1,671.99 $0.00 $880.02 $158,193.49
77 $158,193.49 $1,671.99 $0.00 $894.45 $160,759.93
78 $160,759.93 $1,671.99 $0.00 $908.96 $163,340.88
79 $163,340.88 $1,671.99 $0.00 $923.55 $165,936.42
80 $165,936.42 $1,671.99 $0.00 $938.23 $168,546.64
81 $168,546.64 $1,671.99 $0.00 $952.99 $171,171.62
82 $171,171.62 $1,671.99 $0.00 $967.83 $173,811.44
83 $173,811.44 $1,671.99 $0.00 $982.76 $176,466.19
84 $176,466.19 $1,671.99 $0.00 $997.77 $179,135.95
85 $179,135.95 $1,671.99 $0.00 $1,012.86 $181,820.80
86 $181,820.80 $1,671.99 $0.00 $1,028.04 $184,520.83
87 $184,520.83 $1,671.99 $0.00 $1,043.31 $187,236.13
88 $187,236.13 $1,671.99 $0.00 $1,058.66 $189,966.78
89 $189,966.78 $1,671.99 $0.00 $1,074.10 $192,712.87
90 $192,712.87 $1,671.99 $0.00 $1,089.63 $195,474.49
91 $195,474.49 $1,671.99 $0.00 $1,105.24 $198,251.72
92 $198,251.72 $1,671.99 $0.00 $1,120.94 $201,044.65
93 $201,044.65 $1,671.99 $0.00 $1,136.74 $203,853.38
94 $203,853.38 $1,671.99 $0.00 $1,152.62 $206,677.99
95 $206,677.99 $1,671.99 $0.00 $1,168.59 $209,518.57
96 $209,518.57 $1,671.99 $0.00 $1,184.65 $212,375.21
97 $212,375.21 $1,671.99 $0.00 $1,200.80 $215,248.00
98 $215,248.00 $1,671.99 $0.00 $1,217.04 $218,137.03
99 $218,137.03 $1,671.99 $0.00 $1,233.38 $221,042.40
100 $221,042.40 $1,671.99 $0.00 $1,249.81 $223,964.20
101 $223,964.20 $1,671.99 $0.00 $1,266.33 $226,902.52
102 $226,902.52 $1,671.99 $0.00 $1,282.94 $229,857.45
103 $229,857.45 $1,671.99 $0.00 $1,299.65 $232,829.09
104 $232,829.09 $1,671.99 $0.00 $1,316.45 $235,817.53
105 $235,817.53 $1,671.99 $0.00 $1,333.35 $238,822.87
106 $238,822.87 $1,671.99 $0.00 $1,350.34 $241,845.20
107 $241,845.20 $1,671.99 $0.00 $1,367.43 $244,884.62
108 $244,884.62 $1,671.99 $0.00 $1,384.61 $247,941.22
109 $247,941.22 $1,671.99 $0.00 $1,401.90 $251,015.11
110 $251,015.11 $1,671.99 $0.00 $1,419.28 $254,106.38
111 $254,106.38 $1,671.99 $0.00 $1,436.75 $257,215.12
112 $257,215.12 $1,671.99 $0.00 $1,454.33 $260,341.44
113 $260,341.44 $1,671.99 $0.00 $1,472.01 $263,485.44
114 $263,485.44 $1,671.99 $0.00 $1,489.78 $266,647.21
115 $266,647.21 $1,671.99 $0.00 $1,507.66 $269,826.86
116 $269,826.86 $1,671.99 $0.00 $1,525.64 $273,024.49
117 $273,024.49 $1,671.99 $0.00 $1,543.72 $276,240.20
118 $276,240.20 $1,671.99 $0.00 $1,561.90 $279,474.09
119 $279,474.09 $1,671.99 $0.00 $1,580.19 $282,726.27
120 $282,726.27 $1,671.99 $0.00 $1,598.58 $285,996.84
121 $285,996.84 $1,671.99 $0.00 $1,617.07 $289,285.90
122 $289,285.90 $1,671.99 $0.00 $1,635.66 $292,593.55
123 $292,593.55 $1,671.99 $0.00 $1,654.37 $295,919.91
124 $295,919.91 $1,671.99 $0.00 $1,673.17 $299,265.07
125 $299,265.07 $1,671.99 $0.00 $1,692.09 $302,629.15
126 $302,629.15 $1,671.99 $0.00 $1,711.11 $306,012.25
127 $306,012.25 $1,671.99 $0.00 $1,730.24 $309,414.48
128 $309,414.48 $1,671.99 $0.00 $1,749.47 $312,835.94
129 $312,835.94 $1,671.99 $0.00 $1,768.82 $316,276.75
130 $316,276.75 $1,671.99 $0.00 $1,788.27 $319,737.01
131 $319,737.01 $1,671.99 $0.00 $1,807.84 $323,216.84
132 $323,216.84 $1,671.99 $0.00 $1,827.52 $326,716.35
133 $326,716.35 $1,671.99 $0.00 $1,847.30 $330,235.64
134 $330,235.64 $1,671.99 $0.00 $1,867.20 $333,774.83
135 $333,774.83 $1,671.99 $0.00 $1,887.21 $337,334.03
136 $337,334.03 $1,671.99 $0.00 $1,907.34 $340,913.36
137 $340,913.36 $1,671.99 $0.00 $1,927.57 $344,512.92
138 $344,512.92 $1,671.99 $0.00 $1,947.93 $348,132.84
139 $348,132.84 $1,671.99 $0.00 $1,968.39 $351,773.22
140 $351,773.22 $1,671.99 $0.00 $1,988.98 $355,434.19
141 $355,434.19 $1,671.99 $0.00 $2,009.68 $359,115.86
142 $359,115.86 $1,671.99 $0.00 $2,030.49 $362,818.34
143 $362,818.34 $1,671.99 $0.00 $2,051.43 $366,541.76
144 $366,541.76 $1,671.99 $0.00 $2,072.48 $370,286.23
145 $370,286.23 $1,671.99 $0.00 $2,093.65 $374,051.87
146 $374,051.87 $1,671.99 $0.00 $2,114.94 $377,838.80
147 $377,838.80 $1,671.99 $0.00 $2,136.36 $381,647.15
148 $381,647.15 $1,671.99 $0.00 $2,157.89 $385,477.03
149 $385,477.03 $1,671.99 $0.00 $2,179.54 $389,328.56
150 $389,328.56 $1,671.99 $0.00 $2,201.32 $393,201.87
151 $393,201.87 $1,671.99 $0.00 $2,223.22 $397,097.08
152 $397,097.08 $1,671.99 $0.00 $2,245.24 $401,014.31
153 $401,014.31 $1,671.99 $0.00 $2,267.39 $404,953.69
154 $404,953.69 $1,671.99 $0.00 $2,289.67 $408,915.35
155 $408,915.35 $1,671.99 $0.00 $2,312.07 $412,899.41
156 $412,899.41 $1,671.99 $0.00 $2,334.59 $416,905.99
157 $416,905.99 $1,671.99 $0.00 $2,357.25 $420,935.23
158 $420,935.23 $1,671.99 $0.00 $2,380.03 $424,987.25
159 $424,987.25 $1,671.99 $0.00 $2,402.94 $429,062.18
160 $429,062.18 $1,671.99 $0.00 $2,425.98 $433,160.15
161 $433,160.15 $1,671.99 $0.00 $2,449.15 $437,281.29
162 $437,281.29 $1,671.99 $0.00 $2,472.45 $441,425.73
163 $441,425.73 $1,671.99 $0.00 $2,495.89 $445,593.61
164 $445,593.61 $1,671.99 $0.00 $2,519.45 $449,785.05
165 $449,785.05 $1,671.99 $0.00 $2,543.15 $454,000.19
166 $454,000.19 $1,671.99 $0.00 $2,566.98 $458,239.16
167 $458,239.16 $1,671.99 $0.00 $2,590.95 $462,502.10
168 $462,502.10 $1,671.99 $0.00 $2,615.05 $466,789.14
169 $466,789.14 $1,671.99 $0.00 $2,639.29 $471,100.42
170 $471,100.42 $1,671.99 $0.00 $2,663.67 $475,436.08
171 $475,436.08 $1,671.99 $0.00 $2,688.18 $479,796.25
172 $479,796.25 $1,671.99 $0.00 $2,712.84 $484,181.08
173 $484,181.08 $1,671.99 $0.00 $2,737.63 $488,590.70
174 $488,590.70 $1,671.99 $0.00 $2,762.56 $493,025.25
175 $493,025.25 $1,671.99 $0.00 $2,787.64 $497,484.88
176 $497,484.88 $1,671.99 $0.00 $2,812.85 $501,969.72
177 $501,969.72 $1,671.99 $0.00 $2,838.21 $506,479.92
178 $506,479.92 $1,671.99 $0.00 $2,863.71 $511,015.62
179 $511,015.62 $1,671.99 $0.00 $2,889.36 $515,576.97
180 $515,576.97 $1,671.99 $0.00 $2,915.15 $520,164.11
181 $520,164.11 $1,671.99 $0.00 $2,941.08 $524,777.18
182 $524,777.18 $1,671.99 $0.00 $2,967.17 $529,416.34
183 $529,416.34 $1,671.99 $0.00 $2,993.40 $534,081.73
184 $534,081.73 $1,671.99 $0.00 $3,019.78 $538,773.50
185 $538,773.50 $1,671.99 $0.00 $3,046.30 $543,491.79
186 $543,491.79 $1,671.99 $0.00 $3,072.98 $548,236.76
187 $548,236.76 $1,671.99 $0.00 $3,099.81 $553,008.56
188 $553,008.56 $1,671.99 $0.00 $3,126.79 $557,807.34
189 $557,807.34 $1,671.99 $0.00 $3,153.92 $562,633.25
190 $562,633.25 $1,671.99 $0.00 $3,181.21 $567,486.45
191 $567,486.45 $1,671.99 $0.00 $3,208.65 $572,367.09
192 $572,367.09 $1,671.99 $0.00 $3,236.25 $577,275.33
193 $577,275.33 $1,671.99 $0.00 $3,264.00 $582,211.32
194 $582,211.32 $1,671.99 $0.00 $3,291.91 $587,175.22
195 $587,175.22 $1,671.99 $0.00 $3,319.97 $592,167.18
196 $592,167.18 $1,671.99 $0.00 $3,348.20 $597,187.37
197 $597,187.37 $1,671.99 $0.00 $3,376.58 $602,235.94
198 $602,235.94 $1,671.99 $0.00 $3,405.13 $607,313.06
199 $607,313.06 $1,671.99 $0.00 $3,433.84 $612,418.89
200 $612,418.89 $1,671.99 $0.00 $3,462.71 $617,553.59
201 $617,553.59 $1,671.99 $0.00 $3,491.74 $622,717.32
202 $622,717.32 $1,671.99 $0.00 $3,520.93 $627,910.24
203 $627,910.24 $1,671.99 $0.00 $3,550.30 $633,132.53
204 $633,132.53 $1,671.99 $0.00 $3,579.82 $638,384.34
205 $638,384.34 $1,671.99 $0.00 $3,609.52 $643,665.85
206 $643,665.85 $1,671.99 $0.00 $3,639.38 $648,977.22
207 $648,977.22 $1,671.99 $0.00 $3,669.41 $654,318.62
208 $654,318.62 $1,671.99 $0.00 $3,699.61 $659,690.22
209 $659,690.22 $1,671.99 $0.00 $3,729.98 $665,092.19
210 $665,092.19 $1,671.99 $0.00 $3,760.53 $670,524.71
211 $670,524.71 $1,671.99 $0.00 $3,791.24 $675,987.94
212 $675,987.94 $1,671.99 $0.00 $3,822.13 $681,482.06
213 $681,482.06 $1,671.99 $0.00 $3,853.20 $687,007.25
214 $687,007.25 $1,671.99 $0.00 $3,884.44 $692,563.68
215 $692,563.68 $1,671.99 $0.00 $3,915.86 $698,151.53
216 $698,151.53 $1,671.99 $0.00 $3,947.45 $703,770.97
217 $703,770.97 $1,671.99 $190,594.38 $3,979.22 $518,827.80
218 $518,827.80 $1,671.99 $0.00 $2,933.53 $523,433.32
219 $523,433.32 $1,671.99 $0.00 $2,959.57 $528,064.88
220 $528,064.88 $1,671.99 $0.00 $2,985.76 $532,722.63
221 $532,722.63 $1,671.99 $0.00 $3,012.09 $537,406.71
222 $537,406.71 $1,671.99 $0.00 $3,038.58 $542,117.28
223 $542,117.28 $1,671.99 $0.00 $3,065.21 $546,854.48
224 $546,854.48 $1,671.99 $0.00 $3,091.99 $551,618.46
225 $551,618.46 $1,671.99 $0.00 $3,118.93 $556,409.38
226 $556,409.38 $1,671.99 $0.00 $3,146.02 $561,227.39
227 $561,227.39 $1,671.99 $0.00 $3,173.26 $566,072.64
228 $566,072.64 $1,671.99 $0.00 $3,200.66 $570,945.29
229 $570,945.29 $1,671.99 $203,935.99 $3,228.21 $371,909.50
230 $371,909.50 $1,671.99 $0.00 $2,102.83 $375,684.32
231 $375,684.32 $1,671.99 $0.00 $2,124.17 $379,480.48
232 $379,480.48 $1,671.99 $0.00 $2,145.64 $383,298.11
233 $383,298.11 $1,671.99 $0.00 $2,167.22 $387,137.32
234 $387,137.32 $1,671.99 $0.00 $2,188.93 $390,998.24
235 $390,998.24 $1,671.99 $0.00 $2,210.76 $394,880.99
236 $394,880.99 $1,671.99 $0.00 $2,232.71 $398,785.69
237 $398,785.69 $1,671.99 $0.00 $2,254.79 $402,712.47
238 $402,712.47 $1,671.99 $0.00 $2,276.99 $406,661.45
239 $406,661.45 $1,671.99 $0.00 $2,299.32 $410,632.76
240 $410,632.76 $1,671.99 $0.00 $2,321.78 $414,626.53
241 $414,626.53 $1,671.99 $218,211.51 $2,344.36 $200,431.37
242 $200,431.37 $1,671.99 $0.00 $1,133.27 $203,236.63
243 $203,236.63 $1,671.99 $0.00 $1,149.13 $206,057.75
244 $206,057.75 $1,671.99 $0.00 $1,165.08 $208,894.82
245 $208,894.82 $1,671.99 $0.00 $1,181.12 $211,747.93
246 $211,747.93 $1,671.99 $0.00 $1,197.25 $214,617.17
247 $214,617.17 $1,671.99 $0.00 $1,213.48 $217,502.64
248 $217,502.64 $1,671.99 $0.00 $1,229.79 $220,404.42
249 $220,404.42 $1,671.99 $0.00 $1,246.20 $223,322.61
250 $223,322.61 $1,671.99 $0.00 $1,262.70 $226,257.30
251 $226,257.30 $1,671.99 $0.00 $1,279.29 $229,208.58
252 $229,208.58 $1,671.99 $0.00 $1,295.98 $232,176.55
253 $232,176.55 $0.00 $233,486.31 $1,312.76 $3.00