Savings Plan and Future Cost Estimation for Vanderbilt University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$316,687
Monthly savings required$2,503

How much will it cost to send your child to Vanderbilt University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,266,746.12 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,502.85 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$84,412.00
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 $2,502.85 $0.00 $0.00 $2,502.85
2 $2,502.85 $2,502.85 $0.00 $14.15 $5,019.85
3 $5,019.85 $2,502.85 $0.00 $28.38 $7,551.08
4 $7,551.08 $2,502.85 $0.00 $42.69 $10,096.62
5 $10,096.62 $2,502.85 $0.00 $57.09 $12,656.56
6 $12,656.56 $2,502.85 $0.00 $71.56 $15,230.97
7 $15,230.97 $2,502.85 $0.00 $86.12 $17,819.94
8 $17,819.94 $2,502.85 $0.00 $100.76 $20,423.55
9 $20,423.55 $2,502.85 $0.00 $115.48 $23,041.88
10 $23,041.88 $2,502.85 $0.00 $130.28 $25,675.01
11 $25,675.01 $2,502.85 $0.00 $145.17 $28,323.03
12 $28,323.03 $2,502.85 $0.00 $160.14 $30,986.02
13 $30,986.02 $2,502.85 $0.00 $175.20 $33,664.07
14 $33,664.07 $2,502.85 $0.00 $190.34 $36,357.26
15 $36,357.26 $2,502.85 $0.00 $205.57 $39,065.68
16 $39,065.68 $2,502.85 $0.00 $220.88 $41,789.41
17 $41,789.41 $2,502.85 $0.00 $236.28 $44,528.54
18 $44,528.54 $2,502.85 $0.00 $251.77 $47,283.16
19 $47,283.16 $2,502.85 $0.00 $267.35 $50,053.36
20 $50,053.36 $2,502.85 $0.00 $283.01 $52,839.22
21 $52,839.22 $2,502.85 $0.00 $298.76 $55,640.83
22 $55,640.83 $2,502.85 $0.00 $314.60 $58,458.28
23 $58,458.28 $2,502.85 $0.00 $330.53 $61,291.66
24 $61,291.66 $2,502.85 $0.00 $346.55 $64,141.06
25 $64,141.06 $2,502.85 $0.00 $362.66 $67,006.57
26 $67,006.57 $2,502.85 $0.00 $378.86 $69,888.28
27 $69,888.28 $2,502.85 $0.00 $395.16 $72,786.29
28 $72,786.29 $2,502.85 $0.00 $411.54 $75,700.68
29 $75,700.68 $2,502.85 $0.00 $428.02 $78,631.55
30 $78,631.55 $2,502.85 $0.00 $444.59 $81,578.99
31 $81,578.99 $2,502.85 $0.00 $461.26 $84,543.10
32 $84,543.10 $2,502.85 $0.00 $478.02 $87,523.97
33 $87,523.97 $2,502.85 $0.00 $494.87 $90,521.69
34 $90,521.69 $2,502.85 $0.00 $511.82 $93,536.36
35 $93,536.36 $2,502.85 $0.00 $528.87 $96,568.08
36 $96,568.08 $2,502.85 $0.00 $546.01 $99,616.94
37 $99,616.94 $2,502.85 $0.00 $563.25 $102,683.04
38 $102,683.04 $2,502.85 $0.00 $580.58 $105,766.47
39 $105,766.47 $2,502.85 $0.00 $598.02 $108,867.34
40 $108,867.34 $2,502.85 $0.00 $615.55 $111,985.74
41 $111,985.74 $2,502.85 $0.00 $633.18 $115,121.77
42 $115,121.77 $2,502.85 $0.00 $650.92 $118,275.54
43 $118,275.54 $2,502.85 $0.00 $668.75 $121,447.14
44 $121,447.14 $2,502.85 $0.00 $686.68 $124,636.67
45 $124,636.67 $2,502.85 $0.00 $704.71 $127,844.23
46 $127,844.23 $2,502.85 $0.00 $722.85 $131,069.93
47 $131,069.93 $2,502.85 $0.00 $741.09 $134,313.87
48 $134,313.87 $2,502.85 $0.00 $759.43 $137,576.15
49 $137,576.15 $2,502.85 $0.00 $777.88 $140,856.88
50 $140,856.88 $2,502.85 $0.00 $796.43 $144,156.16
51 $144,156.16 $2,502.85 $0.00 $815.08 $147,474.09
52 $147,474.09 $2,502.85 $0.00 $833.84 $150,810.78
53 $150,810.78 $2,502.85 $0.00 $852.71 $154,166.34
54 $154,166.34 $2,502.85 $0.00 $871.68 $157,540.87
55 $157,540.87 $2,502.85 $0.00 $890.76 $160,934.48
56 $160,934.48 $2,502.85 $0.00 $909.95 $164,347.28
57 $164,347.28 $2,502.85 $0.00 $929.24 $167,779.37
58 $167,779.37 $2,502.85 $0.00 $948.65 $171,230.87
59 $171,230.87 $2,502.85 $0.00 $968.16 $174,701.88
60 $174,701.88 $2,502.85 $0.00 $987.79 $178,192.52
61 $178,192.52 $2,502.85 $0.00 $1,007.53 $181,702.90
62 $181,702.90 $2,502.85 $0.00 $1,027.37 $185,233.12
63 $185,233.12 $2,502.85 $0.00 $1,047.33 $188,783.30
64 $188,783.30 $2,502.85 $0.00 $1,067.41 $192,353.56
65 $192,353.56 $2,502.85 $0.00 $1,087.59 $195,944.00
66 $195,944.00 $2,502.85 $0.00 $1,107.90 $199,554.75
67 $199,554.75 $2,502.85 $0.00 $1,128.31 $203,185.91
68 $203,185.91 $2,502.85 $0.00 $1,148.84 $206,837.60
69 $206,837.60 $2,502.85 $0.00 $1,169.49 $210,509.94
70 $210,509.94 $2,502.85 $0.00 $1,190.25 $214,203.04
71 $214,203.04 $2,502.85 $0.00 $1,211.14 $217,917.03
72 $217,917.03 $2,502.85 $0.00 $1,232.13 $221,652.01
73 $221,652.01 $2,502.85 $0.00 $1,253.25 $225,408.11
74 $225,408.11 $2,502.85 $0.00 $1,274.49 $229,185.45
75 $229,185.45 $2,502.85 $0.00 $1,295.85 $232,984.15
76 $232,984.15 $2,502.85 $0.00 $1,317.33 $236,804.33
77 $236,804.33 $2,502.85 $0.00 $1,338.93 $240,646.11
78 $240,646.11 $2,502.85 $0.00 $1,360.65 $244,509.61
79 $244,509.61 $2,502.85 $0.00 $1,382.49 $248,394.95
80 $248,394.95 $2,502.85 $0.00 $1,404.46 $252,302.26
81 $252,302.26 $2,502.85 $0.00 $1,426.55 $256,231.66
82 $256,231.66 $2,502.85 $0.00 $1,448.77 $260,183.28
83 $260,183.28 $2,502.85 $0.00 $1,471.11 $264,157.24
84 $264,157.24 $2,502.85 $0.00 $1,493.58 $268,153.67
85 $268,153.67 $2,502.85 $0.00 $1,516.18 $272,172.70
86 $272,172.70 $2,502.85 $0.00 $1,538.90 $276,214.45
87 $276,214.45 $2,502.85 $0.00 $1,561.76 $280,279.06
88 $280,279.06 $2,502.85 $0.00 $1,584.74 $284,366.65
89 $284,366.65 $2,502.85 $0.00 $1,607.85 $288,477.35
90 $288,477.35 $2,502.85 $0.00 $1,631.09 $292,611.29
91 $292,611.29 $2,502.85 $0.00 $1,654.47 $296,768.61
92 $296,768.61 $2,502.85 $0.00 $1,677.97 $300,949.43
93 $300,949.43 $2,502.85 $0.00 $1,701.61 $305,153.89
94 $305,153.89 $2,502.85 $0.00 $1,725.38 $309,382.12
95 $309,382.12 $2,502.85 $0.00 $1,749.29 $313,634.26
96 $313,634.26 $2,502.85 $0.00 $1,773.33 $317,910.44
97 $317,910.44 $2,502.85 $0.00 $1,797.51 $322,210.80
98 $322,210.80 $2,502.85 $0.00 $1,821.83 $326,535.48
99 $326,535.48 $2,502.85 $0.00 $1,846.28 $330,884.61
100 $330,884.61 $2,502.85 $0.00 $1,870.87 $335,258.33
101 $335,258.33 $2,502.85 $0.00 $1,895.60 $339,656.78
102 $339,656.78 $2,502.85 $0.00 $1,920.47 $344,080.10
103 $344,080.10 $2,502.85 $0.00 $1,945.48 $348,528.43
104 $348,528.43 $2,502.85 $0.00 $1,970.63 $353,001.91
105 $353,001.91 $2,502.85 $0.00 $1,995.92 $357,500.68
106 $357,500.68 $2,502.85 $0.00 $2,021.36 $362,024.89
107 $362,024.89 $2,502.85 $0.00 $2,046.94 $366,574.68
108 $366,574.68 $2,502.85 $0.00 $2,072.67 $371,150.20
109 $371,150.20 $2,502.85 $0.00 $2,098.54 $375,751.59
110 $375,751.59 $2,502.85 $0.00 $2,124.55 $380,378.99
111 $380,378.99 $2,502.85 $0.00 $2,150.72 $385,032.56
112 $385,032.56 $2,502.85 $0.00 $2,177.03 $389,712.44
113 $389,712.44 $2,502.85 $0.00 $2,203.49 $394,418.78
114 $394,418.78 $2,502.85 $0.00 $2,230.10 $399,151.73
115 $399,151.73 $2,502.85 $0.00 $2,256.86 $403,911.44
116 $403,911.44 $2,502.85 $0.00 $2,283.77 $408,698.06
117 $408,698.06 $2,502.85 $0.00 $2,310.84 $413,511.75
118 $413,511.75 $2,502.85 $0.00 $2,338.06 $418,352.66
119 $418,352.66 $2,502.85 $0.00 $2,365.43 $423,220.94
120 $423,220.94 $2,502.85 $0.00 $2,392.95 $428,116.74
121 $428,116.74 $2,502.85 $0.00 $2,420.63 $433,040.22
122 $433,040.22 $2,502.85 $0.00 $2,448.47 $437,991.54
123 $437,991.54 $2,502.85 $0.00 $2,476.47 $442,970.86
124 $442,970.86 $2,502.85 $0.00 $2,504.62 $447,978.33
125 $447,978.33 $2,502.85 $0.00 $2,532.93 $453,014.11
126 $453,014.11 $2,502.85 $0.00 $2,561.41 $458,078.37
127 $458,078.37 $2,502.85 $0.00 $2,590.04 $463,171.26
128 $463,171.26 $2,502.85 $0.00 $2,618.84 $468,292.95
129 $468,292.95 $2,502.85 $0.00 $2,647.80 $473,443.60
130 $473,443.60 $2,502.85 $0.00 $2,676.92 $478,623.37
131 $478,623.37 $2,502.85 $0.00 $2,706.21 $483,832.43
132 $483,832.43 $2,502.85 $0.00 $2,735.66 $489,070.94
133 $489,070.94 $2,502.85 $0.00 $2,765.28 $494,339.07
134 $494,339.07 $2,502.85 $0.00 $2,795.06 $499,636.98
135 $499,636.98 $2,502.85 $0.00 $2,825.02 $504,964.85
136 $504,964.85 $2,502.85 $0.00 $2,855.14 $510,322.84
137 $510,322.84 $2,502.85 $0.00 $2,885.44 $515,711.13
138 $515,711.13 $2,502.85 $0.00 $2,915.91 $521,129.89
139 $521,129.89 $2,502.85 $0.00 $2,946.54 $526,579.28
140 $526,579.28 $2,502.85 $0.00 $2,977.36 $532,059.49
141 $532,059.49 $2,502.85 $0.00 $3,008.34 $537,570.68
142 $537,570.68 $2,502.85 $0.00 $3,039.50 $543,113.03
143 $543,113.03 $2,502.85 $0.00 $3,070.84 $548,686.72
144 $548,686.72 $2,502.85 $0.00 $3,102.35 $554,291.92
145 $554,291.92 $2,502.85 $0.00 $3,134.05 $559,928.82
146 $559,928.82 $2,502.85 $0.00 $3,165.92 $565,597.59
147 $565,597.59 $2,502.85 $0.00 $3,197.97 $571,298.41
148 $571,298.41 $2,502.85 $0.00 $3,230.20 $577,031.46
149 $577,031.46 $2,502.85 $0.00 $3,262.62 $582,796.93
150 $582,796.93 $2,502.85 $0.00 $3,295.22 $588,595.00
151 $588,595.00 $2,502.85 $0.00 $3,328.00 $594,425.85
152 $594,425.85 $2,502.85 $0.00 $3,360.97 $600,289.67
153 $600,289.67 $2,502.85 $0.00 $3,394.13 $606,186.65
154 $606,186.65 $2,502.85 $0.00 $3,427.47 $612,116.97
155 $612,116.97 $2,502.85 $0.00 $3,461.00 $618,080.82
156 $618,080.82 $2,502.85 $0.00 $3,494.72 $624,078.39
157 $624,078.39 $2,502.85 $0.00 $3,528.63 $630,109.87
158 $630,109.87 $2,502.85 $0.00 $3,562.73 $636,175.45
159 $636,175.45 $2,502.85 $0.00 $3,597.03 $642,275.33
160 $642,275.33 $2,502.85 $0.00 $3,631.52 $648,409.70
161 $648,409.70 $2,502.85 $0.00 $3,666.20 $654,578.75
162 $654,578.75 $2,502.85 $0.00 $3,701.08 $660,782.68
163 $660,782.68 $2,502.85 $0.00 $3,736.16 $667,021.69
164 $667,021.69 $2,502.85 $0.00 $3,771.44 $673,295.98
165 $673,295.98 $2,502.85 $0.00 $3,806.91 $679,605.74
166 $679,605.74 $2,502.85 $0.00 $3,842.59 $685,951.18
167 $685,951.18 $2,502.85 $0.00 $3,878.47 $692,332.50
168 $692,332.50 $2,502.85 $0.00 $3,914.55 $698,749.90
169 $698,749.90 $2,502.85 $0.00 $3,950.83 $705,203.58
170 $705,203.58 $2,502.85 $0.00 $3,987.32 $711,693.75
171 $711,693.75 $2,502.85 $0.00 $4,024.02 $718,220.62
172 $718,220.62 $2,502.85 $0.00 $4,060.92 $724,784.39
173 $724,784.39 $2,502.85 $0.00 $4,098.04 $731,385.28
174 $731,385.28 $2,502.85 $0.00 $4,135.36 $738,023.49
175 $738,023.49 $2,502.85 $0.00 $4,172.89 $744,699.23
176 $744,699.23 $2,502.85 $0.00 $4,210.64 $751,412.72
177 $751,412.72 $2,502.85 $0.00 $4,248.60 $758,164.17
178 $758,164.17 $2,502.85 $0.00 $4,286.77 $764,953.79
179 $764,953.79 $2,502.85 $0.00 $4,325.16 $771,781.80
180 $771,781.80 $2,502.85 $0.00 $4,363.77 $778,648.42
181 $778,648.42 $2,502.85 $0.00 $4,402.59 $785,553.86
182 $785,553.86 $2,502.85 $0.00 $4,441.64 $792,498.35
183 $792,498.35 $2,502.85 $0.00 $4,480.90 $799,482.10
184 $799,482.10 $2,502.85 $0.00 $4,520.39 $806,505.34
185 $806,505.34 $2,502.85 $0.00 $4,560.10 $813,568.29
186 $813,568.29 $2,502.85 $0.00 $4,600.03 $820,671.17
187 $820,671.17 $2,502.85 $0.00 $4,640.19 $827,814.21
188 $827,814.21 $2,502.85 $0.00 $4,680.58 $834,997.64
189 $834,997.64 $2,502.85 $0.00 $4,721.20 $842,221.69
190 $842,221.69 $2,502.85 $0.00 $4,762.04 $849,486.58
191 $849,486.58 $2,502.85 $0.00 $4,803.12 $856,792.55
192 $856,792.55 $2,502.85 $0.00 $4,844.43 $864,139.83
193 $864,139.83 $2,502.85 $0.00 $4,885.97 $871,528.65
194 $871,528.65 $2,502.85 $0.00 $4,927.75 $878,959.25
195 $878,959.25 $2,502.85 $0.00 $4,969.76 $886,431.86
196 $886,431.86 $2,502.85 $0.00 $5,012.01 $893,946.72
197 $893,946.72 $2,502.85 $0.00 $5,054.50 $901,504.07
198 $901,504.07 $2,502.85 $0.00 $5,097.24 $909,104.16
199 $909,104.16 $2,502.85 $0.00 $5,140.21 $916,747.22
200 $916,747.22 $2,502.85 $0.00 $5,183.42 $924,433.49
201 $924,433.49 $2,502.85 $0.00 $5,226.88 $932,163.22
202 $932,163.22 $2,502.85 $0.00 $5,270.59 $939,936.66
203 $939,936.66 $2,502.85 $0.00 $5,314.54 $947,754.05
204 $947,754.05 $2,502.85 $0.00 $5,358.74 $955,615.64
205 $955,615.64 $2,502.85 $0.00 $5,403.19 $963,521.68
206 $963,521.68 $2,502.85 $0.00 $5,447.89 $971,472.42
207 $971,472.42 $2,502.85 $0.00 $5,492.85 $979,468.12
208 $979,468.12 $2,502.85 $0.00 $5,538.06 $987,509.03
209 $987,509.03 $2,502.85 $0.00 $5,583.52 $995,595.40
210 $995,595.40 $2,502.85 $0.00 $5,629.24 $1,003,727.49
211 $1,003,727.49 $2,502.85 $0.00 $5,675.22 $1,011,905.56
212 $1,011,905.56 $2,502.85 $0.00 $5,721.46 $1,020,129.87
213 $1,020,129.87 $2,502.85 $0.00 $5,767.96 $1,028,400.68
214 $1,028,400.68 $2,502.85 $0.00 $5,814.73 $1,036,718.26
215 $1,036,718.26 $2,502.85 $0.00 $5,861.76 $1,045,082.87
216 $1,045,082.87 $2,502.85 $0.00 $5,909.05 $1,053,494.77
217 $1,053,494.77 $2,502.85 $285,306.84 $5,956.61 $776,647.39
218 $776,647.39 $2,502.85 $0.00 $4,391.28 $783,541.52
219 $783,541.52 $2,502.85 $0.00 $4,430.26 $790,474.63
220 $790,474.63 $2,502.85 $0.00 $4,469.46 $797,446.94
221 $797,446.94 $2,502.85 $0.00 $4,508.88 $804,458.67
222 $804,458.67 $2,502.85 $0.00 $4,548.53 $811,510.05
223 $811,510.05 $2,502.85 $0.00 $4,588.40 $818,601.30
224 $818,601.30 $2,502.85 $0.00 $4,628.49 $825,732.64
225 $825,732.64 $2,502.85 $0.00 $4,668.81 $832,904.30
226 $832,904.30 $2,502.85 $0.00 $4,709.36 $840,116.51
227 $840,116.51 $2,502.85 $0.00 $4,750.14 $847,369.50
228 $847,369.50 $2,502.85 $0.00 $4,791.15 $854,663.50
229 $854,663.50 $2,502.85 $305,278.32 $4,832.39 $556,720.42
230 $556,720.42 $2,502.85 $0.00 $3,147.78 $562,371.05
231 $562,371.05 $2,502.85 $0.00 $3,179.73 $568,053.63
232 $568,053.63 $2,502.85 $0.00 $3,211.86 $573,768.34
233 $573,768.34 $2,502.85 $0.00 $3,244.17 $579,515.36
234 $579,515.36 $2,502.85 $0.00 $3,276.66 $585,294.87
235 $585,294.87 $2,502.85 $0.00 $3,309.34 $591,107.06
236 $591,107.06 $2,502.85 $0.00 $3,342.21 $596,952.12
237 $596,952.12 $2,502.85 $0.00 $3,375.25 $602,830.22
238 $602,830.22 $2,502.85 $0.00 $3,408.49 $608,741.56
239 $608,741.56 $2,502.85 $0.00 $3,441.91 $614,686.32
240 $614,686.32 $2,502.85 $0.00 $3,475.53 $620,664.70
241 $620,664.70 $2,502.85 $326,647.80 $3,509.33 $300,029.08
242 $300,029.08 $2,502.85 $0.00 $1,696.41 $304,228.34
243 $304,228.34 $2,502.85 $0.00 $1,720.15 $308,451.34
244 $308,451.34 $2,502.85 $0.00 $1,744.03 $312,698.22
245 $312,698.22 $2,502.85 $0.00 $1,768.04 $316,969.11
246 $316,969.11 $2,502.85 $0.00 $1,792.19 $321,264.15
247 $321,264.15 $2,502.85 $0.00 $1,816.47 $325,583.47
248 $325,583.47 $2,502.85 $0.00 $1,840.90 $329,927.22
249 $329,927.22 $2,502.85 $0.00 $1,865.46 $334,295.53
250 $334,295.53 $2,502.85 $0.00 $1,890.16 $338,688.54
251 $338,688.54 $2,502.85 $0.00 $1,914.99 $343,106.38
252 $343,106.38 $2,502.85 $0.00 $1,939.97 $347,549.20
253 $347,549.20 $0.00 $349,513.15 $1,965.09 $1.14