Savings Plan and Future Cost Estimation for Hollins University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$222,287
Monthly savings required$1,757

How much will it cost to send your child to Hollins University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $889,147.37 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,756.79 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$59,250.00
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 $1,756.79 $0.00 $0.00 $1,756.79
2 $1,756.79 $1,756.79 $0.00 $9.93 $3,523.51
3 $3,523.51 $1,756.79 $0.00 $19.92 $5,300.22
4 $5,300.22 $1,756.79 $0.00 $29.97 $7,086.98
5 $7,086.98 $1,756.79 $0.00 $40.07 $8,883.84
6 $8,883.84 $1,756.79 $0.00 $50.23 $10,690.86
7 $10,690.86 $1,756.79 $0.00 $60.45 $12,508.10
8 $12,508.10 $1,756.79 $0.00 $70.72 $14,335.61
9 $14,335.61 $1,756.79 $0.00 $81.06 $16,173.46
10 $16,173.46 $1,756.79 $0.00 $91.45 $18,021.70
11 $18,021.70 $1,756.79 $0.00 $101.90 $19,880.39
12 $19,880.39 $1,756.79 $0.00 $112.41 $21,749.59
13 $21,749.59 $1,756.79 $0.00 $122.98 $23,629.36
14 $23,629.36 $1,756.79 $0.00 $133.60 $25,519.75
15 $25,519.75 $1,756.79 $0.00 $144.29 $27,420.83
16 $27,420.83 $1,756.79 $0.00 $155.04 $29,332.66
17 $29,332.66 $1,756.79 $0.00 $165.85 $31,255.30
18 $31,255.30 $1,756.79 $0.00 $176.72 $33,188.81
19 $33,188.81 $1,756.79 $0.00 $187.65 $35,133.25
20 $35,133.25 $1,756.79 $0.00 $198.65 $37,088.69
21 $37,088.69 $1,756.79 $0.00 $209.70 $39,055.18
22 $39,055.18 $1,756.79 $0.00 $220.82 $41,032.79
23 $41,032.79 $1,756.79 $0.00 $232.01 $43,021.59
24 $43,021.59 $1,756.79 $0.00 $243.25 $45,021.63
25 $45,021.63 $1,756.79 $0.00 $254.56 $47,032.98
26 $47,032.98 $1,756.79 $0.00 $265.93 $49,055.70
27 $49,055.70 $1,756.79 $0.00 $277.37 $51,089.86
28 $51,089.86 $1,756.79 $0.00 $288.87 $53,135.52
29 $53,135.52 $1,756.79 $0.00 $300.44 $55,192.75
30 $55,192.75 $1,756.79 $0.00 $312.07 $57,261.61
31 $57,261.61 $1,756.79 $0.00 $323.77 $59,342.17
32 $59,342.17 $1,756.79 $0.00 $335.53 $61,434.49
33 $61,434.49 $1,756.79 $0.00 $347.36 $63,538.64
34 $63,538.64 $1,756.79 $0.00 $359.26 $65,654.69
35 $65,654.69 $1,756.79 $0.00 $371.22 $67,782.70
36 $67,782.70 $1,756.79 $0.00 $383.25 $69,922.74
37 $69,922.74 $1,756.79 $0.00 $395.35 $72,074.88
38 $72,074.88 $1,756.79 $0.00 $407.52 $74,239.19
39 $74,239.19 $1,756.79 $0.00 $419.76 $76,415.74
40 $76,415.74 $1,756.79 $0.00 $432.07 $78,604.60
41 $78,604.60 $1,756.79 $0.00 $444.44 $80,805.83
42 $80,805.83 $1,756.79 $0.00 $456.89 $83,019.51
43 $83,019.51 $1,756.79 $0.00 $469.40 $85,245.70
44 $85,245.70 $1,756.79 $0.00 $481.99 $87,484.48
45 $87,484.48 $1,756.79 $0.00 $494.65 $89,735.92
46 $89,735.92 $1,756.79 $0.00 $507.38 $92,000.09
47 $92,000.09 $1,756.79 $0.00 $520.18 $94,277.06
48 $94,277.06 $1,756.79 $0.00 $533.06 $96,566.91
49 $96,566.91 $1,756.79 $0.00 $546.00 $98,869.70
50 $98,869.70 $1,756.79 $0.00 $559.02 $101,185.51
51 $101,185.51 $1,756.79 $0.00 $572.12 $103,514.42
52 $103,514.42 $1,756.79 $0.00 $585.29 $105,856.50
53 $105,856.50 $1,756.79 $0.00 $598.53 $108,211.82
54 $108,211.82 $1,756.79 $0.00 $611.85 $110,580.46
55 $110,580.46 $1,756.79 $0.00 $625.24 $112,962.49
56 $112,962.49 $1,756.79 $0.00 $638.71 $115,357.99
57 $115,357.99 $1,756.79 $0.00 $652.25 $117,767.03
58 $117,767.03 $1,756.79 $0.00 $665.87 $120,189.69
59 $120,189.69 $1,756.79 $0.00 $679.57 $122,626.05
60 $122,626.05 $1,756.79 $0.00 $693.35 $125,076.19
61 $125,076.19 $1,756.79 $0.00 $707.20 $127,540.18
62 $127,540.18 $1,756.79 $0.00 $721.13 $130,018.10
63 $130,018.10 $1,756.79 $0.00 $735.14 $132,510.03
64 $132,510.03 $1,756.79 $0.00 $749.23 $135,016.05
65 $135,016.05 $1,756.79 $0.00 $763.40 $137,536.24
66 $137,536.24 $1,756.79 $0.00 $777.65 $140,070.68
67 $140,070.68 $1,756.79 $0.00 $791.98 $142,619.45
68 $142,619.45 $1,756.79 $0.00 $806.39 $145,182.63
69 $145,182.63 $1,756.79 $0.00 $820.88 $147,760.30
70 $147,760.30 $1,756.79 $0.00 $835.46 $150,352.55
71 $150,352.55 $1,756.79 $0.00 $850.12 $152,959.46
72 $152,959.46 $1,756.79 $0.00 $864.86 $155,581.11
73 $155,581.11 $1,756.79 $0.00 $879.68 $158,217.58
74 $158,217.58 $1,756.79 $0.00 $894.59 $160,868.96
75 $160,868.96 $1,756.79 $0.00 $909.58 $163,535.33
76 $163,535.33 $1,756.79 $0.00 $924.65 $166,216.77
77 $166,216.77 $1,756.79 $0.00 $939.81 $168,913.37
78 $168,913.37 $1,756.79 $0.00 $955.06 $171,625.22
79 $171,625.22 $1,756.79 $0.00 $970.39 $174,352.40
80 $174,352.40 $1,756.79 $0.00 $985.81 $177,095.00
81 $177,095.00 $1,756.79 $0.00 $1,001.32 $179,853.11
82 $179,853.11 $1,756.79 $0.00 $1,016.92 $182,626.82
83 $182,626.82 $1,756.79 $0.00 $1,032.60 $185,416.21
84 $185,416.21 $1,756.79 $0.00 $1,048.37 $188,221.37
85 $188,221.37 $1,756.79 $0.00 $1,064.23 $191,042.39
86 $191,042.39 $1,756.79 $0.00 $1,080.18 $193,879.36
87 $193,879.36 $1,756.79 $0.00 $1,096.22 $196,732.37
88 $196,732.37 $1,756.79 $0.00 $1,112.35 $199,601.51
89 $199,601.51 $1,756.79 $0.00 $1,128.58 $202,486.88
90 $202,486.88 $1,756.79 $0.00 $1,144.89 $205,388.56
91 $205,388.56 $1,756.79 $0.00 $1,161.30 $208,306.65
92 $208,306.65 $1,756.79 $0.00 $1,177.80 $211,241.24
93 $211,241.24 $1,756.79 $0.00 $1,194.39 $214,192.42
94 $214,192.42 $1,756.79 $0.00 $1,211.08 $217,160.29
95 $217,160.29 $1,756.79 $0.00 $1,227.86 $220,144.94
96 $220,144.94 $1,756.79 $0.00 $1,244.73 $223,146.46
97 $223,146.46 $1,756.79 $0.00 $1,261.70 $226,164.95
98 $226,164.95 $1,756.79 $0.00 $1,278.77 $229,200.51
99 $229,200.51 $1,756.79 $0.00 $1,295.93 $232,253.23
100 $232,253.23 $1,756.79 $0.00 $1,313.19 $235,323.21
101 $235,323.21 $1,756.79 $0.00 $1,330.55 $238,410.55
102 $238,410.55 $1,756.79 $0.00 $1,348.01 $241,515.35
103 $241,515.35 $1,756.79 $0.00 $1,365.56 $244,637.70
104 $244,637.70 $1,756.79 $0.00 $1,383.22 $247,777.71
105 $247,777.71 $1,756.79 $0.00 $1,400.97 $250,935.47
106 $250,935.47 $1,756.79 $0.00 $1,418.83 $254,111.09
107 $254,111.09 $1,756.79 $0.00 $1,436.78 $257,304.66
108 $257,304.66 $1,756.79 $0.00 $1,454.84 $260,516.29
109 $260,516.29 $1,756.79 $0.00 $1,473.00 $263,746.08
110 $263,746.08 $1,756.79 $0.00 $1,491.26 $266,994.13
111 $266,994.13 $1,756.79 $0.00 $1,509.62 $270,260.54
112 $270,260.54 $1,756.79 $0.00 $1,528.09 $273,545.42
113 $273,545.42 $1,756.79 $0.00 $1,546.67 $276,848.88
114 $276,848.88 $1,756.79 $0.00 $1,565.34 $280,171.01
115 $280,171.01 $1,756.79 $0.00 $1,584.13 $283,511.93
116 $283,511.93 $1,756.79 $0.00 $1,603.02 $286,871.74
117 $286,871.74 $1,756.79 $0.00 $1,622.01 $290,250.54
118 $290,250.54 $1,756.79 $0.00 $1,641.12 $293,648.45
119 $293,648.45 $1,756.79 $0.00 $1,660.33 $297,065.57
120 $297,065.57 $1,756.79 $0.00 $1,679.65 $300,502.01
121 $300,502.01 $1,756.79 $0.00 $1,699.08 $303,957.88
122 $303,957.88 $1,756.79 $0.00 $1,718.62 $307,433.29
123 $307,433.29 $1,756.79 $0.00 $1,738.27 $310,928.35
124 $310,928.35 $1,756.79 $0.00 $1,758.03 $314,443.17
125 $314,443.17 $1,756.79 $0.00 $1,777.91 $317,977.87
126 $317,977.87 $1,756.79 $0.00 $1,797.89 $321,532.55
127 $321,532.55 $1,756.79 $0.00 $1,817.99 $325,107.33
128 $325,107.33 $1,756.79 $0.00 $1,838.20 $328,702.32
129 $328,702.32 $1,756.79 $0.00 $1,858.53 $332,317.64
130 $332,317.64 $1,756.79 $0.00 $1,878.97 $335,953.40
131 $335,953.40 $1,756.79 $0.00 $1,899.53 $339,609.72
132 $339,609.72 $1,756.79 $0.00 $1,920.20 $343,286.71
133 $343,286.71 $1,756.79 $0.00 $1,940.99 $346,984.49
134 $346,984.49 $1,756.79 $0.00 $1,961.90 $350,703.18
135 $350,703.18 $1,756.79 $0.00 $1,982.93 $354,442.90
136 $354,442.90 $1,756.79 $0.00 $2,004.07 $358,203.76
137 $358,203.76 $1,756.79 $0.00 $2,025.34 $361,985.89
138 $361,985.89 $1,756.79 $0.00 $2,046.72 $365,789.40
139 $365,789.40 $1,756.79 $0.00 $2,068.23 $369,614.42
140 $369,614.42 $1,756.79 $0.00 $2,089.85 $373,461.06
141 $373,461.06 $1,756.79 $0.00 $2,111.60 $377,329.45
142 $377,329.45 $1,756.79 $0.00 $2,133.48 $381,219.72
143 $381,219.72 $1,756.79 $0.00 $2,155.47 $385,131.98
144 $385,131.98 $1,756.79 $0.00 $2,177.59 $389,066.36
145 $389,066.36 $1,756.79 $0.00 $2,199.84 $393,022.99
146 $393,022.99 $1,756.79 $0.00 $2,222.21 $397,001.99
147 $397,001.99 $1,756.79 $0.00 $2,244.71 $401,003.49
148 $401,003.49 $1,756.79 $0.00 $2,267.33 $405,027.61
149 $405,027.61 $1,756.79 $0.00 $2,290.08 $409,074.48
150 $409,074.48 $1,756.79 $0.00 $2,312.97 $413,144.24
151 $413,144.24 $1,756.79 $0.00 $2,335.98 $417,237.01
152 $417,237.01 $1,756.79 $0.00 $2,359.12 $421,352.92
153 $421,352.92 $1,756.79 $0.00 $2,382.39 $425,492.10
154 $425,492.10 $1,756.79 $0.00 $2,405.79 $429,654.68
155 $429,654.68 $1,756.79 $0.00 $2,429.33 $433,840.80
156 $433,840.80 $1,756.79 $0.00 $2,453.00 $438,050.59
157 $438,050.59 $1,756.79 $0.00 $2,476.80 $442,284.18
158 $442,284.18 $1,756.79 $0.00 $2,500.74 $446,541.71
159 $446,541.71 $1,756.79 $0.00 $2,524.81 $450,823.31
160 $450,823.31 $1,756.79 $0.00 $2,549.02 $455,129.12
161 $455,129.12 $1,756.79 $0.00 $2,573.37 $459,459.28
162 $459,459.28 $1,756.79 $0.00 $2,597.85 $463,813.92
163 $463,813.92 $1,756.79 $0.00 $2,622.47 $468,193.18
164 $468,193.18 $1,756.79 $0.00 $2,647.23 $472,597.20
165 $472,597.20 $1,756.79 $0.00 $2,672.13 $477,026.12
166 $477,026.12 $1,756.79 $0.00 $2,697.18 $481,480.09
167 $481,480.09 $1,756.79 $0.00 $2,722.36 $485,959.24
168 $485,959.24 $1,756.79 $0.00 $2,747.68 $490,463.71
169 $490,463.71 $1,756.79 $0.00 $2,773.15 $494,993.65
170 $494,993.65 $1,756.79 $0.00 $2,798.77 $499,549.21
171 $499,549.21 $1,756.79 $0.00 $2,824.52 $504,130.52
172 $504,130.52 $1,756.79 $0.00 $2,850.43 $508,737.74
173 $508,737.74 $1,756.79 $0.00 $2,876.48 $513,371.01
174 $513,371.01 $1,756.79 $0.00 $2,902.67 $518,030.47
175 $518,030.47 $1,756.79 $0.00 $2,929.02 $522,716.28
176 $522,716.28 $1,756.79 $0.00 $2,955.51 $527,428.58
177 $527,428.58 $1,756.79 $0.00 $2,982.16 $532,167.53
178 $532,167.53 $1,756.79 $0.00 $3,008.95 $536,933.27
179 $536,933.27 $1,756.79 $0.00 $3,035.90 $541,725.96
180 $541,725.96 $1,756.79 $0.00 $3,063.00 $546,545.75
181 $546,545.75 $1,756.79 $0.00 $3,090.25 $551,392.79
182 $551,392.79 $1,756.79 $0.00 $3,117.66 $556,267.24
183 $556,267.24 $1,756.79 $0.00 $3,145.22 $561,169.25
184 $561,169.25 $1,756.79 $0.00 $3,172.93 $566,098.97
185 $566,098.97 $1,756.79 $0.00 $3,200.81 $571,056.57
186 $571,056.57 $1,756.79 $0.00 $3,228.84 $576,042.20
187 $576,042.20 $1,756.79 $0.00 $3,257.03 $581,056.02
188 $581,056.02 $1,756.79 $0.00 $3,285.38 $586,098.19
189 $586,098.19 $1,756.79 $0.00 $3,313.88 $591,168.86
190 $591,168.86 $1,756.79 $0.00 $3,342.55 $596,268.20
191 $596,268.20 $1,756.79 $0.00 $3,371.39 $601,396.38
192 $601,396.38 $1,756.79 $0.00 $3,400.38 $606,553.55
193 $606,553.55 $1,756.79 $0.00 $3,429.54 $611,739.88
194 $611,739.88 $1,756.79 $0.00 $3,458.87 $616,955.54
195 $616,955.54 $1,756.79 $0.00 $3,488.36 $622,200.69
196 $622,200.69 $1,756.79 $0.00 $3,518.01 $627,475.49
197 $627,475.49 $1,756.79 $0.00 $3,547.84 $632,780.12
198 $632,780.12 $1,756.79 $0.00 $3,577.83 $638,114.74
199 $638,114.74 $1,756.79 $0.00 $3,607.99 $643,479.52
200 $643,479.52 $1,756.79 $0.00 $3,638.33 $648,874.64
201 $648,874.64 $1,756.79 $0.00 $3,668.83 $654,300.26
202 $654,300.26 $1,756.79 $0.00 $3,699.51 $659,756.56
203 $659,756.56 $1,756.79 $0.00 $3,730.36 $665,243.71
204 $665,243.71 $1,756.79 $0.00 $3,761.38 $670,761.88
205 $670,761.88 $1,756.79 $0.00 $3,792.59 $676,311.26
206 $676,311.26 $1,756.79 $0.00 $3,823.96 $681,892.01
207 $681,892.01 $1,756.79 $0.00 $3,855.52 $687,504.32
208 $687,504.32 $1,756.79 $0.00 $3,887.25 $693,148.36
209 $693,148.36 $1,756.79 $0.00 $3,919.16 $698,824.31
210 $698,824.31 $1,756.79 $0.00 $3,951.25 $704,532.35
211 $704,532.35 $1,756.79 $0.00 $3,983.53 $710,272.67
212 $710,272.67 $1,756.79 $0.00 $4,015.98 $716,045.44
213 $716,045.44 $1,756.79 $0.00 $4,048.63 $721,850.86
214 $721,850.86 $1,756.79 $0.00 $4,081.45 $727,689.10
215 $727,689.10 $1,756.79 $0.00 $4,114.46 $733,560.35
216 $733,560.35 $1,756.79 $0.00 $4,147.66 $739,464.80
217 $739,464.80 $1,756.79 $200,260.99 $4,181.04 $545,141.64
218 $545,141.64 $1,756.79 $0.00 $3,082.31 $549,980.74
219 $549,980.74 $1,756.79 $0.00 $3,109.67 $554,847.20
220 $554,847.20 $1,756.79 $0.00 $3,137.19 $559,741.18
221 $559,741.18 $1,756.79 $0.00 $3,164.86 $564,662.83
222 $564,662.83 $1,756.79 $0.00 $3,192.69 $569,612.31
223 $569,612.31 $1,756.79 $0.00 $3,220.67 $574,589.77
224 $574,589.77 $1,756.79 $0.00 $3,248.81 $579,595.37
225 $579,595.37 $1,756.79 $0.00 $3,277.12 $584,629.28
226 $584,629.28 $1,756.79 $0.00 $3,305.58 $589,691.65
227 $589,691.65 $1,756.79 $0.00 $3,334.20 $594,782.64
228 $594,782.64 $1,756.79 $0.00 $3,362.99 $599,902.42
229 $599,902.42 $1,756.79 $214,279.26 $3,391.94 $390,771.89
230 $390,771.89 $1,756.79 $0.00 $2,209.48 $394,738.16
231 $394,738.16 $1,756.79 $0.00 $2,231.91 $398,726.86
232 $398,726.86 $1,756.79 $0.00 $2,254.46 $402,738.11
233 $402,738.11 $1,756.79 $0.00 $2,277.14 $406,772.04
234 $406,772.04 $1,756.79 $0.00 $2,299.95 $410,828.78
235 $410,828.78 $1,756.79 $0.00 $2,322.89 $414,908.46
236 $414,908.46 $1,756.79 $0.00 $2,345.95 $419,011.20
237 $419,011.20 $1,756.79 $0.00 $2,369.15 $423,137.14
238 $423,137.14 $1,756.79 $0.00 $2,392.48 $427,286.41
239 $427,286.41 $1,756.79 $0.00 $2,415.94 $431,459.14
240 $431,459.14 $1,756.79 $0.00 $2,439.53 $435,655.46
241 $435,655.46 $1,756.79 $229,278.80 $2,463.26 $210,596.71
242 $210,596.71 $1,756.79 $0.00 $1,190.74 $213,544.24
243 $213,544.24 $1,756.79 $0.00 $1,207.41 $216,508.44
244 $216,508.44 $1,756.79 $0.00 $1,224.17 $219,489.40
245 $219,489.40 $1,756.79 $0.00 $1,241.02 $222,487.21
246 $222,487.21 $1,756.79 $0.00 $1,257.98 $225,501.98
247 $225,501.98 $1,756.79 $0.00 $1,275.02 $228,533.79
248 $228,533.79 $1,756.79 $0.00 $1,292.16 $231,582.74
249 $231,582.74 $1,756.79 $0.00 $1,309.40 $234,648.93
250 $234,648.93 $1,756.79 $0.00 $1,326.74 $237,732.46
251 $237,732.46 $1,756.79 $0.00 $1,344.17 $240,833.42
252 $240,833.42 $1,756.79 $0.00 $1,361.71 $243,951.92
253 $243,951.92 $0.00 $245,328.32 $1,379.34 $2.94