Savings Plan and Future Cost Estimation for College of William and Mary

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$154,261
Monthly savings required$1,219

How much will it cost to send your child to College of William and Mary in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $617,045.76 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,219.16 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$41,118.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,219.16 $0.00 $0.00 $1,219.16
2 $1,219.16 $1,219.16 $0.00 $6.89 $2,445.21
3 $2,445.21 $1,219.16 $0.00 $13.83 $3,678.20
4 $3,678.20 $1,219.16 $0.00 $20.80 $4,918.16
5 $4,918.16 $1,219.16 $0.00 $27.81 $6,165.13
6 $6,165.13 $1,219.16 $0.00 $34.86 $7,419.15
7 $7,419.15 $1,219.16 $0.00 $41.95 $8,680.26
8 $8,680.26 $1,219.16 $0.00 $49.08 $9,948.50
9 $9,948.50 $1,219.16 $0.00 $56.25 $11,223.91
10 $11,223.91 $1,219.16 $0.00 $63.46 $12,506.53
11 $12,506.53 $1,219.16 $0.00 $70.71 $13,796.40
12 $13,796.40 $1,219.16 $0.00 $78.01 $15,093.57
13 $15,093.57 $1,219.16 $0.00 $85.34 $16,398.07
14 $16,398.07 $1,219.16 $0.00 $92.72 $17,709.95
15 $17,709.95 $1,219.16 $0.00 $100.13 $19,029.24
16 $19,029.24 $1,219.16 $0.00 $107.59 $20,355.99
17 $20,355.99 $1,219.16 $0.00 $115.10 $21,690.25
18 $21,690.25 $1,219.16 $0.00 $122.64 $23,032.05
19 $23,032.05 $1,219.16 $0.00 $130.23 $24,381.44
20 $24,381.44 $1,219.16 $0.00 $137.86 $25,738.46
21 $25,738.46 $1,219.16 $0.00 $145.53 $27,103.15
22 $27,103.15 $1,219.16 $0.00 $153.25 $28,475.56
23 $28,475.56 $1,219.16 $0.00 $161.00 $29,855.72
24 $29,855.72 $1,219.16 $0.00 $168.81 $31,243.69
25 $31,243.69 $1,219.16 $0.00 $176.66 $32,639.51
26 $32,639.51 $1,219.16 $0.00 $184.55 $34,043.22
27 $34,043.22 $1,219.16 $0.00 $192.49 $35,454.87
28 $35,454.87 $1,219.16 $0.00 $200.47 $36,874.50
29 $36,874.50 $1,219.16 $0.00 $208.49 $38,302.15
30 $38,302.15 $1,219.16 $0.00 $216.57 $39,737.88
31 $39,737.88 $1,219.16 $0.00 $224.68 $41,181.72
32 $41,181.72 $1,219.16 $0.00 $232.85 $42,633.73
33 $42,633.73 $1,219.16 $0.00 $241.06 $44,093.95
34 $44,093.95 $1,219.16 $0.00 $249.31 $45,562.42
35 $45,562.42 $1,219.16 $0.00 $257.62 $47,039.20
36 $47,039.20 $1,219.16 $0.00 $265.97 $48,524.33
37 $48,524.33 $1,219.16 $0.00 $274.36 $50,017.85
38 $50,017.85 $1,219.16 $0.00 $282.81 $51,519.82
39 $51,519.82 $1,219.16 $0.00 $291.30 $53,030.28
40 $53,030.28 $1,219.16 $0.00 $299.84 $54,549.28
41 $54,549.28 $1,219.16 $0.00 $308.43 $56,076.87
42 $56,076.87 $1,219.16 $0.00 $317.07 $57,613.10
43 $57,613.10 $1,219.16 $0.00 $325.75 $59,158.01
44 $59,158.01 $1,219.16 $0.00 $334.49 $60,711.66
45 $60,711.66 $1,219.16 $0.00 $343.27 $62,274.09
46 $62,274.09 $1,219.16 $0.00 $352.11 $63,845.36
47 $63,845.36 $1,219.16 $0.00 $360.99 $65,425.51
48 $65,425.51 $1,219.16 $0.00 $369.93 $67,014.60
49 $67,014.60 $1,219.16 $0.00 $378.91 $68,612.67
50 $68,612.67 $1,219.16 $0.00 $387.95 $70,219.78
51 $70,219.78 $1,219.16 $0.00 $397.03 $71,835.97
52 $71,835.97 $1,219.16 $0.00 $406.17 $73,461.30
53 $73,461.30 $1,219.16 $0.00 $415.36 $75,095.82
54 $75,095.82 $1,219.16 $0.00 $424.60 $76,739.58
55 $76,739.58 $1,219.16 $0.00 $433.90 $78,392.64
56 $78,392.64 $1,219.16 $0.00 $443.24 $80,055.04
57 $80,055.04 $1,219.16 $0.00 $452.64 $81,726.84
58 $81,726.84 $1,219.16 $0.00 $462.10 $83,408.10
59 $83,408.10 $1,219.16 $0.00 $471.60 $85,098.86
60 $85,098.86 $1,219.16 $0.00 $481.16 $86,799.18
61 $86,799.18 $1,219.16 $0.00 $490.78 $88,509.12
62 $88,509.12 $1,219.16 $0.00 $500.44 $90,228.72
63 $90,228.72 $1,219.16 $0.00 $510.17 $91,958.05
64 $91,958.05 $1,219.16 $0.00 $519.94 $93,697.15
65 $93,697.15 $1,219.16 $0.00 $529.78 $95,446.09
66 $95,446.09 $1,219.16 $0.00 $539.67 $97,204.92
67 $97,204.92 $1,219.16 $0.00 $549.61 $98,973.69
68 $98,973.69 $1,219.16 $0.00 $559.61 $100,752.46
69 $100,752.46 $1,219.16 $0.00 $569.67 $102,541.29
70 $102,541.29 $1,219.16 $0.00 $579.78 $104,340.23
71 $104,340.23 $1,219.16 $0.00 $589.95 $106,149.34
72 $106,149.34 $1,219.16 $0.00 $600.18 $107,968.68
73 $107,968.68 $1,219.16 $0.00 $610.47 $109,798.31
74 $109,798.31 $1,219.16 $0.00 $620.82 $111,638.29
75 $111,638.29 $1,219.16 $0.00 $631.22 $113,488.67
76 $113,488.67 $1,219.16 $0.00 $641.68 $115,349.51
77 $115,349.51 $1,219.16 $0.00 $652.20 $117,220.87
78 $117,220.87 $1,219.16 $0.00 $662.78 $119,102.81
79 $119,102.81 $1,219.16 $0.00 $673.42 $120,995.39
80 $120,995.39 $1,219.16 $0.00 $684.13 $122,898.68
81 $122,898.68 $1,219.16 $0.00 $694.89 $124,812.73
82 $124,812.73 $1,219.16 $0.00 $705.71 $126,737.60
83 $126,737.60 $1,219.16 $0.00 $716.59 $128,673.35
84 $128,673.35 $1,219.16 $0.00 $727.54 $130,620.05
85 $130,620.05 $1,219.16 $0.00 $738.54 $132,577.75
86 $132,577.75 $1,219.16 $0.00 $749.61 $134,546.52
87 $134,546.52 $1,219.16 $0.00 $760.75 $136,526.43
88 $136,526.43 $1,219.16 $0.00 $771.94 $138,517.53
89 $138,517.53 $1,219.16 $0.00 $783.20 $140,519.89
90 $140,519.89 $1,219.16 $0.00 $794.52 $142,533.57
91 $142,533.57 $1,219.16 $0.00 $805.91 $144,558.64
92 $144,558.64 $1,219.16 $0.00 $817.36 $146,595.16
93 $146,595.16 $1,219.16 $0.00 $828.87 $148,643.19
94 $148,643.19 $1,219.16 $0.00 $840.45 $150,702.80
95 $150,702.80 $1,219.16 $0.00 $852.10 $152,774.06
96 $152,774.06 $1,219.16 $0.00 $863.81 $154,857.03
97 $154,857.03 $1,219.16 $0.00 $875.58 $156,951.77
98 $156,951.77 $1,219.16 $0.00 $887.43 $159,058.36
99 $159,058.36 $1,219.16 $0.00 $899.34 $161,176.86
100 $161,176.86 $1,219.16 $0.00 $911.32 $163,307.34
101 $163,307.34 $1,219.16 $0.00 $923.36 $165,449.86
102 $165,449.86 $1,219.16 $0.00 $935.48 $167,604.50
103 $167,604.50 $1,219.16 $0.00 $947.66 $169,771.32
104 $169,771.32 $1,219.16 $0.00 $959.91 $171,950.39
105 $171,950.39 $1,219.16 $0.00 $972.23 $174,141.78
106 $174,141.78 $1,219.16 $0.00 $984.62 $176,345.56
107 $176,345.56 $1,219.16 $0.00 $997.08 $178,561.80
108 $178,561.80 $1,219.16 $0.00 $1,009.61 $180,790.57
109 $180,790.57 $1,219.16 $0.00 $1,022.22 $183,031.95
110 $183,031.95 $1,219.16 $0.00 $1,034.89 $185,286.00
111 $185,286.00 $1,219.16 $0.00 $1,047.63 $187,552.79
112 $187,552.79 $1,219.16 $0.00 $1,060.45 $189,832.40
113 $189,832.40 $1,219.16 $0.00 $1,073.34 $192,124.90
114 $192,124.90 $1,219.16 $0.00 $1,086.30 $194,430.36
115 $194,430.36 $1,219.16 $0.00 $1,099.34 $196,748.86
116 $196,748.86 $1,219.16 $0.00 $1,112.45 $199,080.47
117 $199,080.47 $1,219.16 $0.00 $1,125.63 $201,425.26
118 $201,425.26 $1,219.16 $0.00 $1,138.89 $203,783.31
119 $203,783.31 $1,219.16 $0.00 $1,152.22 $206,154.69
120 $206,154.69 $1,219.16 $0.00 $1,165.63 $208,539.48
121 $208,539.48 $1,219.16 $0.00 $1,179.11 $210,937.75
122 $210,937.75 $1,219.16 $0.00 $1,192.67 $213,349.58
123 $213,349.58 $1,219.16 $0.00 $1,206.31 $215,775.05
124 $215,775.05 $1,219.16 $0.00 $1,220.02 $218,214.23
125 $218,214.23 $1,219.16 $0.00 $1,233.81 $220,667.20
126 $220,667.20 $1,219.16 $0.00 $1,247.68 $223,134.04
127 $223,134.04 $1,219.16 $0.00 $1,261.63 $225,614.83
128 $225,614.83 $1,219.16 $0.00 $1,275.66 $228,109.65
129 $228,109.65 $1,219.16 $0.00 $1,289.77 $230,618.58
130 $230,618.58 $1,219.16 $0.00 $1,303.95 $233,141.69
131 $233,141.69 $1,219.16 $0.00 $1,318.22 $235,679.07
132 $235,679.07 $1,219.16 $0.00 $1,332.56 $238,230.79
133 $238,230.79 $1,219.16 $0.00 $1,346.99 $240,796.94
134 $240,796.94 $1,219.16 $0.00 $1,361.50 $243,377.60
135 $243,377.60 $1,219.16 $0.00 $1,376.09 $245,972.85
136 $245,972.85 $1,219.16 $0.00 $1,390.77 $248,582.78
137 $248,582.78 $1,219.16 $0.00 $1,405.52 $251,207.46
138 $251,207.46 $1,219.16 $0.00 $1,420.36 $253,846.98
139 $253,846.98 $1,219.16 $0.00 $1,435.29 $256,501.43
140 $256,501.43 $1,219.16 $0.00 $1,450.30 $259,170.89
141 $259,170.89 $1,219.16 $0.00 $1,465.39 $261,855.44
142 $261,855.44 $1,219.16 $0.00 $1,480.57 $264,555.17
143 $264,555.17 $1,219.16 $0.00 $1,495.83 $267,270.16
144 $267,270.16 $1,219.16 $0.00 $1,511.18 $270,000.50
145 $270,000.50 $1,219.16 $0.00 $1,526.62 $272,746.28
146 $272,746.28 $1,219.16 $0.00 $1,542.15 $275,507.59
147 $275,507.59 $1,219.16 $0.00 $1,557.76 $278,284.51
148 $278,284.51 $1,219.16 $0.00 $1,573.46 $281,077.13
149 $281,077.13 $1,219.16 $0.00 $1,589.25 $283,885.54
150 $283,885.54 $1,219.16 $0.00 $1,605.13 $286,709.83
151 $286,709.83 $1,219.16 $0.00 $1,621.10 $289,550.09
152 $289,550.09 $1,219.16 $0.00 $1,637.16 $292,406.41
153 $292,406.41 $1,219.16 $0.00 $1,653.31 $295,278.88
154 $295,278.88 $1,219.16 $0.00 $1,669.55 $298,167.59
155 $298,167.59 $1,219.16 $0.00 $1,685.88 $301,072.63
156 $301,072.63 $1,219.16 $0.00 $1,702.31 $303,994.10
157 $303,994.10 $1,219.16 $0.00 $1,718.83 $306,932.09
158 $306,932.09 $1,219.16 $0.00 $1,735.44 $309,886.69
159 $309,886.69 $1,219.16 $0.00 $1,752.14 $312,857.99
160 $312,857.99 $1,219.16 $0.00 $1,768.94 $315,846.09
161 $315,846.09 $1,219.16 $0.00 $1,785.84 $318,851.09
162 $318,851.09 $1,219.16 $0.00 $1,802.83 $321,873.08
163 $321,873.08 $1,219.16 $0.00 $1,819.92 $324,912.16
164 $324,912.16 $1,219.16 $0.00 $1,837.10 $327,968.42
165 $327,968.42 $1,219.16 $0.00 $1,854.38 $331,041.96
166 $331,041.96 $1,219.16 $0.00 $1,871.76 $334,132.88
167 $334,132.88 $1,219.16 $0.00 $1,889.24 $337,241.28
168 $337,241.28 $1,219.16 $0.00 $1,906.81 $340,367.25
169 $340,367.25 $1,219.16 $0.00 $1,924.49 $343,510.90
170 $343,510.90 $1,219.16 $0.00 $1,942.26 $346,672.32
171 $346,672.32 $1,219.16 $0.00 $1,960.14 $349,851.62
172 $349,851.62 $1,219.16 $0.00 $1,978.11 $353,048.89
173 $353,048.89 $1,219.16 $0.00 $1,996.19 $356,264.24
174 $356,264.24 $1,219.16 $0.00 $2,014.37 $359,497.77
175 $359,497.77 $1,219.16 $0.00 $2,032.65 $362,749.58
176 $362,749.58 $1,219.16 $0.00 $2,051.04 $366,019.78
177 $366,019.78 $1,219.16 $0.00 $2,069.53 $369,308.47
178 $369,308.47 $1,219.16 $0.00 $2,088.12 $372,615.75
179 $372,615.75 $1,219.16 $0.00 $2,106.82 $375,941.73
180 $375,941.73 $1,219.16 $0.00 $2,125.63 $379,286.52
181 $379,286.52 $1,219.16 $0.00 $2,144.54 $382,650.22
182 $382,650.22 $1,219.16 $0.00 $2,163.56 $386,032.94
183 $386,032.94 $1,219.16 $0.00 $2,182.69 $389,434.79
184 $389,434.79 $1,219.16 $0.00 $2,201.92 $392,855.87
185 $392,855.87 $1,219.16 $0.00 $2,221.26 $396,296.29
186 $396,296.29 $1,219.16 $0.00 $2,240.72 $399,756.17
187 $399,756.17 $1,219.16 $0.00 $2,260.28 $403,235.61
188 $403,235.61 $1,219.16 $0.00 $2,279.95 $406,734.72
189 $406,734.72 $1,219.16 $0.00 $2,299.74 $410,253.62
190 $410,253.62 $1,219.16 $0.00 $2,319.63 $413,792.41
191 $413,792.41 $1,219.16 $0.00 $2,339.64 $417,351.21
192 $417,351.21 $1,219.16 $0.00 $2,359.76 $420,930.13
193 $420,930.13 $1,219.16 $0.00 $2,380.00 $424,529.29
194 $424,529.29 $1,219.16 $0.00 $2,400.35 $428,148.80
195 $428,148.80 $1,219.16 $0.00 $2,420.82 $431,788.78
196 $431,788.78 $1,219.16 $0.00 $2,441.40 $435,449.34
197 $435,449.34 $1,219.16 $0.00 $2,462.09 $439,130.59
198 $439,130.59 $1,219.16 $0.00 $2,482.91 $442,832.66
199 $442,832.66 $1,219.16 $0.00 $2,503.84 $446,555.66
200 $446,555.66 $1,219.16 $0.00 $2,524.89 $450,299.71
201 $450,299.71 $1,219.16 $0.00 $2,546.06 $454,064.93
202 $454,064.93 $1,219.16 $0.00 $2,567.35 $457,851.44
203 $457,851.44 $1,219.16 $0.00 $2,588.76 $461,659.36
204 $461,659.36 $1,219.16 $0.00 $2,610.29 $465,488.81
205 $465,488.81 $1,219.16 $0.00 $2,631.94 $469,339.91
206 $469,339.91 $1,219.16 $0.00 $2,653.72 $473,212.79
207 $473,212.79 $1,219.16 $0.00 $2,675.61 $477,107.56
208 $477,107.56 $1,219.16 $0.00 $2,697.64 $481,024.36
209 $481,024.36 $1,219.16 $0.00 $2,719.78 $484,963.30
210 $484,963.30 $1,219.16 $0.00 $2,742.05 $488,924.51
211 $488,924.51 $1,219.16 $0.00 $2,764.45 $492,908.12
212 $492,908.12 $1,219.16 $0.00 $2,786.97 $496,914.25
213 $496,914.25 $1,219.16 $0.00 $2,809.63 $500,943.04
214 $500,943.04 $1,219.16 $0.00 $2,832.40 $504,994.60
215 $504,994.60 $1,219.16 $0.00 $2,855.31 $509,069.07
216 $509,069.07 $1,219.16 $0.00 $2,878.35 $513,166.58
217 $513,166.58 $1,219.16 $138,976.06 $2,901.52 $378,311.20
218 $378,311.20 $1,219.16 $0.00 $2,139.03 $381,669.39
219 $381,669.39 $1,219.16 $0.00 $2,158.01 $385,046.56
220 $385,046.56 $1,219.16 $0.00 $2,177.11 $388,442.83
221 $388,442.83 $1,219.16 $0.00 $2,196.31 $391,858.30
222 $391,858.30 $1,219.16 $0.00 $2,215.62 $395,293.08
223 $395,293.08 $1,219.16 $0.00 $2,235.04 $398,747.28
224 $398,747.28 $1,219.16 $0.00 $2,254.58 $402,221.02
225 $402,221.02 $1,219.16 $0.00 $2,274.22 $405,714.40
226 $405,714.40 $1,219.16 $0.00 $2,293.97 $409,227.53
227 $409,227.53 $1,219.16 $0.00 $2,313.83 $412,760.52
228 $412,760.52 $1,219.16 $0.00 $2,333.81 $416,313.49
229 $416,313.49 $1,219.16 $148,704.38 $2,353.90 $271,182.17
230 $271,182.17 $1,219.16 $0.00 $1,533.30 $273,934.63
231 $273,934.63 $1,219.16 $0.00 $1,548.87 $276,702.66
232 $276,702.66 $1,219.16 $0.00 $1,564.52 $279,486.34
233 $279,486.34 $1,219.16 $0.00 $1,580.26 $282,285.76
234 $282,285.76 $1,219.16 $0.00 $1,596.08 $285,101.00
235 $285,101.00 $1,219.16 $0.00 $1,612.00 $287,932.16
236 $287,932.16 $1,219.16 $0.00 $1,628.01 $290,779.33
237 $290,779.33 $1,219.16 $0.00 $1,644.11 $293,642.60
238 $293,642.60 $1,219.16 $0.00 $1,660.30 $296,522.06
239 $296,522.06 $1,219.16 $0.00 $1,676.58 $299,417.80
240 $299,417.80 $1,219.16 $0.00 $1,692.95 $302,329.91
241 $302,329.91 $1,219.16 $159,113.69 $1,709.42 $146,144.80
242 $146,144.80 $1,219.16 $0.00 $826.32 $148,190.28
243 $148,190.28 $1,219.16 $0.00 $837.89 $150,247.33
244 $150,247.33 $1,219.16 $0.00 $849.52 $152,316.01
245 $152,316.01 $1,219.16 $0.00 $861.22 $154,396.39
246 $154,396.39 $1,219.16 $0.00 $872.98 $156,488.53
247 $156,488.53 $1,219.16 $0.00 $884.81 $158,592.50
248 $158,592.50 $1,219.16 $0.00 $896.71 $160,708.37
249 $160,708.37 $1,219.16 $0.00 $908.67 $162,836.20
250 $162,836.20 $1,219.16 $0.00 $920.70 $164,976.06
251 $164,976.06 $1,219.16 $0.00 $932.80 $167,128.02
252 $167,128.02 $1,219.16 $0.00 $944.97 $169,292.15
253 $169,292.15 $0.00 $170,251.64 $957.20 -$2.29