Savings Plan and Future Cost Estimation for Longwood University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$123,790
Monthly savings required$978

How much will it cost to send your child to Longwood University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $495,161.29 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $978.35 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$32,996.00
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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Discover how much will you need to start saving now to afford Longwood University in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $978.35 $0.00 $0.00 $978.35
2 $978.35 $978.35 $0.00 $5.53 $1,962.23
3 $1,962.23 $978.35 $0.00 $11.09 $2,951.67
4 $2,951.67 $978.35 $0.00 $16.69 $3,946.71
5 $3,946.71 $978.35 $0.00 $22.32 $4,947.38
6 $4,947.38 $978.35 $0.00 $27.97 $5,953.70
7 $5,953.70 $978.35 $0.00 $33.66 $6,965.71
8 $6,965.71 $978.35 $0.00 $39.39 $7,983.45
9 $7,983.45 $978.35 $0.00 $45.14 $9,006.94
10 $9,006.94 $978.35 $0.00 $50.93 $10,036.22
11 $10,036.22 $978.35 $0.00 $56.75 $11,071.32
12 $11,071.32 $978.35 $0.00 $62.60 $12,112.27
13 $12,112.27 $978.35 $0.00 $68.48 $13,159.10
14 $13,159.10 $978.35 $0.00 $74.40 $14,211.85
15 $14,211.85 $978.35 $0.00 $80.36 $15,270.56
16 $15,270.56 $978.35 $0.00 $86.34 $16,335.25
17 $16,335.25 $978.35 $0.00 $92.36 $17,405.96
18 $17,405.96 $978.35 $0.00 $98.42 $18,482.73
19 $18,482.73 $978.35 $0.00 $104.50 $19,565.58
20 $19,565.58 $978.35 $0.00 $110.63 $20,654.56
21 $20,654.56 $978.35 $0.00 $116.78 $21,749.69
22 $21,749.69 $978.35 $0.00 $122.98 $22,851.02
23 $22,851.02 $978.35 $0.00 $129.20 $23,958.57
24 $23,958.57 $978.35 $0.00 $135.47 $25,072.39
25 $25,072.39 $978.35 $0.00 $141.76 $26,192.50
26 $26,192.50 $978.35 $0.00 $148.10 $27,318.95
27 $27,318.95 $978.35 $0.00 $154.47 $28,451.77
28 $28,451.77 $978.35 $0.00 $160.87 $29,590.99
29 $29,590.99 $978.35 $0.00 $167.31 $30,736.65
30 $30,736.65 $978.35 $0.00 $173.79 $31,888.79
31 $31,888.79 $978.35 $0.00 $180.30 $33,047.44
32 $33,047.44 $978.35 $0.00 $186.86 $34,212.65
33 $34,212.65 $978.35 $0.00 $193.44 $35,384.44
34 $35,384.44 $978.35 $0.00 $200.07 $36,562.86
35 $36,562.86 $978.35 $0.00 $206.73 $37,747.94
36 $37,747.94 $978.35 $0.00 $213.43 $38,939.72
37 $38,939.72 $978.35 $0.00 $220.17 $40,138.24
38 $40,138.24 $978.35 $0.00 $226.95 $41,343.54
39 $41,343.54 $978.35 $0.00 $233.76 $42,555.65
40 $42,555.65 $978.35 $0.00 $240.62 $43,774.62
41 $43,774.62 $978.35 $0.00 $247.51 $45,000.48
42 $45,000.48 $978.35 $0.00 $254.44 $46,233.27
43 $46,233.27 $978.35 $0.00 $261.41 $47,473.03
44 $47,473.03 $978.35 $0.00 $268.42 $48,719.80
45 $48,719.80 $978.35 $0.00 $275.47 $49,973.62
46 $49,973.62 $978.35 $0.00 $282.56 $51,234.53
47 $51,234.53 $978.35 $0.00 $289.69 $52,502.57
48 $52,502.57 $978.35 $0.00 $296.86 $53,777.78
49 $53,777.78 $978.35 $0.00 $304.07 $55,060.20
50 $55,060.20 $978.35 $0.00 $311.32 $56,349.87
51 $56,349.87 $978.35 $0.00 $318.61 $57,646.83
52 $57,646.83 $978.35 $0.00 $325.94 $58,951.12
53 $58,951.12 $978.35 $0.00 $333.32 $60,262.79
54 $60,262.79 $978.35 $0.00 $340.73 $61,581.87
55 $61,581.87 $978.35 $0.00 $348.19 $62,908.41
56 $62,908.41 $978.35 $0.00 $355.69 $64,242.45
57 $64,242.45 $978.35 $0.00 $363.24 $65,584.04
58 $65,584.04 $978.35 $0.00 $370.82 $66,933.21
59 $66,933.21 $978.35 $0.00 $378.45 $68,290.01
60 $68,290.01 $978.35 $0.00 $386.12 $69,654.48
61 $69,654.48 $978.35 $0.00 $393.84 $71,026.67
62 $71,026.67 $978.35 $0.00 $401.60 $72,406.62
63 $72,406.62 $978.35 $0.00 $409.40 $73,794.37
64 $73,794.37 $978.35 $0.00 $417.24 $75,189.96
65 $75,189.96 $978.35 $0.00 $425.13 $76,593.44
66 $76,593.44 $978.35 $0.00 $433.07 $78,004.86
67 $78,004.86 $978.35 $0.00 $441.05 $79,424.26
68 $79,424.26 $978.35 $0.00 $449.08 $80,851.69
69 $80,851.69 $978.35 $0.00 $457.15 $82,287.19
70 $82,287.19 $978.35 $0.00 $465.26 $83,730.80
71 $83,730.80 $978.35 $0.00 $473.43 $85,182.58
72 $85,182.58 $978.35 $0.00 $481.63 $86,642.56
73 $86,642.56 $978.35 $0.00 $489.89 $88,110.80
74 $88,110.80 $978.35 $0.00 $498.19 $89,587.34
75 $89,587.34 $978.35 $0.00 $506.54 $91,072.23
76 $91,072.23 $978.35 $0.00 $514.94 $92,565.52
77 $92,565.52 $978.35 $0.00 $523.38 $94,067.25
78 $94,067.25 $978.35 $0.00 $531.87 $95,577.47
79 $95,577.47 $978.35 $0.00 $540.41 $97,096.23
80 $97,096.23 $978.35 $0.00 $549.00 $98,623.58
81 $98,623.58 $978.35 $0.00 $557.63 $100,159.56
82 $100,159.56 $978.35 $0.00 $566.32 $101,704.23
83 $101,704.23 $978.35 $0.00 $575.05 $103,257.63
84 $103,257.63 $978.35 $0.00 $583.83 $104,819.81
85 $104,819.81 $978.35 $0.00 $592.67 $106,390.83
86 $106,390.83 $978.35 $0.00 $601.55 $107,970.73
87 $107,970.73 $978.35 $0.00 $610.48 $109,559.56
88 $109,559.56 $978.35 $0.00 $619.47 $111,157.38
89 $111,157.38 $978.35 $0.00 $628.50 $112,764.23
90 $112,764.23 $978.35 $0.00 $637.59 $114,380.17
91 $114,380.17 $978.35 $0.00 $646.72 $116,005.24
92 $116,005.24 $978.35 $0.00 $655.91 $117,639.50
93 $117,639.50 $978.35 $0.00 $665.15 $119,283.00
94 $119,283.00 $978.35 $0.00 $674.44 $120,935.79
95 $120,935.79 $978.35 $0.00 $683.79 $122,597.93
96 $122,597.93 $978.35 $0.00 $693.19 $124,269.47
97 $124,269.47 $978.35 $0.00 $702.64 $125,950.46
98 $125,950.46 $978.35 $0.00 $712.14 $127,640.95
99 $127,640.95 $978.35 $0.00 $721.70 $129,341.00
100 $129,341.00 $978.35 $0.00 $731.31 $131,050.66
101 $131,050.66 $978.35 $0.00 $740.98 $132,769.99
102 $132,769.99 $978.35 $0.00 $750.70 $134,499.04
103 $134,499.04 $978.35 $0.00 $760.48 $136,237.87
104 $136,237.87 $978.35 $0.00 $770.31 $137,986.53
105 $137,986.53 $978.35 $0.00 $780.20 $139,745.08
106 $139,745.08 $978.35 $0.00 $790.14 $141,513.57
107 $141,513.57 $978.35 $0.00 $800.14 $143,292.06
108 $143,292.06 $978.35 $0.00 $810.19 $145,080.60
109 $145,080.60 $978.35 $0.00 $820.31 $146,879.26
110 $146,879.26 $978.35 $0.00 $830.48 $148,688.09
111 $148,688.09 $978.35 $0.00 $840.70 $150,507.14
112 $150,507.14 $978.35 $0.00 $850.99 $152,336.48
113 $152,336.48 $978.35 $0.00 $861.33 $154,176.16
114 $154,176.16 $978.35 $0.00 $871.73 $156,026.24
115 $156,026.24 $978.35 $0.00 $882.20 $157,886.79
116 $157,886.79 $978.35 $0.00 $892.71 $159,757.85
117 $159,757.85 $978.35 $0.00 $903.29 $161,639.49
118 $161,639.49 $978.35 $0.00 $913.93 $163,531.77
119 $163,531.77 $978.35 $0.00 $924.63 $165,434.75
120 $165,434.75 $978.35 $0.00 $935.39 $167,348.49
121 $167,348.49 $978.35 $0.00 $946.21 $169,273.05
122 $169,273.05 $978.35 $0.00 $957.09 $171,208.49
123 $171,208.49 $978.35 $0.00 $968.04 $173,154.88
124 $173,154.88 $978.35 $0.00 $979.04 $175,112.27
125 $175,112.27 $978.35 $0.00 $990.11 $177,080.73
126 $177,080.73 $978.35 $0.00 $1,001.24 $179,060.32
127 $179,060.32 $978.35 $0.00 $1,012.43 $181,051.10
128 $181,051.10 $978.35 $0.00 $1,023.69 $183,053.14
129 $183,053.14 $978.35 $0.00 $1,035.01 $185,066.50
130 $185,066.50 $978.35 $0.00 $1,046.39 $187,091.24
131 $187,091.24 $978.35 $0.00 $1,057.84 $189,127.43
132 $189,127.43 $978.35 $0.00 $1,069.35 $191,175.13
133 $191,175.13 $978.35 $0.00 $1,080.93 $193,234.41
134 $193,234.41 $978.35 $0.00 $1,092.58 $195,305.34
135 $195,305.34 $978.35 $0.00 $1,104.28 $197,387.97
136 $197,387.97 $978.35 $0.00 $1,116.06 $199,482.38
137 $199,482.38 $978.35 $0.00 $1,127.90 $201,588.63
138 $201,588.63 $978.35 $0.00 $1,139.81 $203,706.79
139 $203,706.79 $978.35 $0.00 $1,151.79 $205,836.93
140 $205,836.93 $978.35 $0.00 $1,163.83 $207,979.11
141 $207,979.11 $978.35 $0.00 $1,175.94 $210,133.40
142 $210,133.40 $978.35 $0.00 $1,188.12 $212,299.87
143 $212,299.87 $978.35 $0.00 $1,200.37 $214,478.59
144 $214,478.59 $978.35 $0.00 $1,212.69 $216,669.63
145 $216,669.63 $978.35 $0.00 $1,225.08 $218,873.06
146 $218,873.06 $978.35 $0.00 $1,237.54 $221,088.95
147 $221,088.95 $978.35 $0.00 $1,250.07 $223,317.37
148 $223,317.37 $978.35 $0.00 $1,262.67 $225,558.39
149 $225,558.39 $978.35 $0.00 $1,275.34 $227,812.08
150 $227,812.08 $978.35 $0.00 $1,288.08 $230,078.51
151 $230,078.51 $978.35 $0.00 $1,300.90 $232,357.76
152 $232,357.76 $978.35 $0.00 $1,313.78 $234,649.89
153 $234,649.89 $978.35 $0.00 $1,326.74 $236,954.98
154 $236,954.98 $978.35 $0.00 $1,339.78 $239,273.11
155 $239,273.11 $978.35 $0.00 $1,352.88 $241,604.34
156 $241,604.34 $978.35 $0.00 $1,366.07 $243,948.76
157 $243,948.76 $978.35 $0.00 $1,379.32 $246,306.43
158 $246,306.43 $978.35 $0.00 $1,392.65 $248,677.43
159 $248,677.43 $978.35 $0.00 $1,406.06 $251,061.84
160 $251,061.84 $978.35 $0.00 $1,419.54 $253,459.73
161 $253,459.73 $978.35 $0.00 $1,433.10 $255,871.18
162 $255,871.18 $978.35 $0.00 $1,446.73 $258,296.26
163 $258,296.26 $978.35 $0.00 $1,460.44 $260,735.05
164 $260,735.05 $978.35 $0.00 $1,474.23 $263,187.63
165 $263,187.63 $978.35 $0.00 $1,488.10 $265,654.08
166 $265,654.08 $978.35 $0.00 $1,502.05 $268,134.48
167 $268,134.48 $978.35 $0.00 $1,516.07 $270,628.90
168 $270,628.90 $978.35 $0.00 $1,530.18 $273,137.43
169 $273,137.43 $978.35 $0.00 $1,544.36 $275,660.14
170 $275,660.14 $978.35 $0.00 $1,558.62 $278,197.11
171 $278,197.11 $978.35 $0.00 $1,572.97 $280,748.43
172 $280,748.43 $978.35 $0.00 $1,587.39 $283,314.17
173 $283,314.17 $978.35 $0.00 $1,601.90 $285,894.42
174 $285,894.42 $978.35 $0.00 $1,616.49 $288,489.26
175 $288,489.26 $978.35 $0.00 $1,631.16 $291,098.77
176 $291,098.77 $978.35 $0.00 $1,645.91 $293,723.03
177 $293,723.03 $978.35 $0.00 $1,660.75 $296,362.13
178 $296,362.13 $978.35 $0.00 $1,675.67 $299,016.15
179 $299,016.15 $978.35 $0.00 $1,690.68 $301,685.18
180 $301,685.18 $978.35 $0.00 $1,705.77 $304,369.30
181 $304,369.30 $978.35 $0.00 $1,720.95 $307,068.60
182 $307,068.60 $978.35 $0.00 $1,736.21 $309,783.16
183 $309,783.16 $978.35 $0.00 $1,751.56 $312,513.07
184 $312,513.07 $978.35 $0.00 $1,766.99 $315,258.41
185 $315,258.41 $978.35 $0.00 $1,782.52 $318,019.28
186 $318,019.28 $978.35 $0.00 $1,798.13 $320,795.76
187 $320,795.76 $978.35 $0.00 $1,813.83 $323,587.94
188 $323,587.94 $978.35 $0.00 $1,829.61 $326,395.90
189 $326,395.90 $978.35 $0.00 $1,845.49 $329,219.74
190 $329,219.74 $978.35 $0.00 $1,861.46 $332,059.55
191 $332,059.55 $978.35 $0.00 $1,877.51 $334,915.41
192 $334,915.41 $978.35 $0.00 $1,893.66 $337,787.42
193 $337,787.42 $978.35 $0.00 $1,909.90 $340,675.67
194 $340,675.67 $978.35 $0.00 $1,926.23 $343,580.25
195 $343,580.25 $978.35 $0.00 $1,942.65 $346,501.25
196 $346,501.25 $978.35 $0.00 $1,959.17 $349,438.77
197 $349,438.77 $978.35 $0.00 $1,975.78 $352,392.90
198 $352,392.90 $978.35 $0.00 $1,992.48 $355,363.73
199 $355,363.73 $978.35 $0.00 $2,009.28 $358,351.36
200 $358,351.36 $978.35 $0.00 $2,026.17 $361,355.88
201 $361,355.88 $978.35 $0.00 $2,043.16 $364,377.39
202 $364,377.39 $978.35 $0.00 $2,060.24 $367,415.98
203 $367,415.98 $978.35 $0.00 $2,077.42 $370,471.75
204 $370,471.75 $978.35 $0.00 $2,094.70 $373,544.80
205 $373,544.80 $978.35 $0.00 $2,112.08 $376,635.23
206 $376,635.23 $978.35 $0.00 $2,129.55 $379,743.13
207 $379,743.13 $978.35 $0.00 $2,147.12 $382,868.60
208 $382,868.60 $978.35 $0.00 $2,164.79 $386,011.74
209 $386,011.74 $978.35 $0.00 $2,182.57 $389,172.66
210 $389,172.66 $978.35 $0.00 $2,200.44 $392,351.45
211 $392,351.45 $978.35 $0.00 $2,218.41 $395,548.21
212 $395,548.21 $978.35 $0.00 $2,236.49 $398,763.05
213 $398,763.05 $978.35 $0.00 $2,254.66 $401,996.06
214 $401,996.06 $978.35 $0.00 $2,272.94 $405,247.35
215 $405,247.35 $978.35 $0.00 $2,291.33 $408,517.03
216 $408,517.03 $978.35 $0.00 $2,309.81 $411,805.19
217 $411,805.19 $978.35 $111,524.25 $2,328.41 $303,587.70
218 $303,587.70 $978.35 $0.00 $1,716.53 $306,282.58
219 $306,282.58 $978.35 $0.00 $1,731.77 $308,992.70
220 $308,992.70 $978.35 $0.00 $1,747.09 $311,718.14
221 $311,718.14 $978.35 $0.00 $1,762.50 $314,458.99
222 $314,458.99 $978.35 $0.00 $1,778.00 $317,215.34
223 $317,215.34 $978.35 $0.00 $1,793.58 $319,987.27
224 $319,987.27 $978.35 $0.00 $1,809.25 $322,774.87
225 $322,774.87 $978.35 $0.00 $1,825.02 $325,578.24
226 $325,578.24 $978.35 $0.00 $1,840.87 $328,397.46
227 $328,397.46 $978.35 $0.00 $1,856.81 $331,232.62
228 $331,232.62 $978.35 $0.00 $1,872.84 $334,083.81
229 $334,083.81 $978.35 $119,330.94 $1,888.96 $217,620.18
230 $217,620.18 $978.35 $0.00 $1,230.46 $219,828.99
231 $219,828.99 $978.35 $0.00 $1,242.95 $222,050.29
232 $222,050.29 $978.35 $0.00 $1,255.50 $224,284.14
233 $224,284.14 $978.35 $0.00 $1,268.14 $226,530.63
234 $226,530.63 $978.35 $0.00 $1,280.84 $228,789.82
235 $228,789.82 $978.35 $0.00 $1,293.61 $231,061.78
236 $231,061.78 $978.35 $0.00 $1,306.46 $233,346.59
237 $233,346.59 $978.35 $0.00 $1,319.38 $235,644.32
238 $235,644.32 $978.35 $0.00 $1,332.37 $237,955.04
239 $237,955.04 $978.35 $0.00 $1,345.43 $240,278.82
240 $240,278.82 $978.35 $0.00 $1,358.57 $242,615.74
241 $242,615.74 $978.35 $127,684.11 $1,371.78 $117,281.76
242 $117,281.76 $978.35 $0.00 $663.13 $118,923.24
243 $118,923.24 $978.35 $0.00 $672.41 $120,574.00
244 $120,574.00 $978.35 $0.00 $681.74 $122,234.09
245 $122,234.09 $978.35 $0.00 $691.13 $123,903.57
246 $123,903.57 $978.35 $0.00 $700.57 $125,582.49
247 $125,582.49 $978.35 $0.00 $710.06 $127,270.90
248 $127,270.90 $978.35 $0.00 $719.61 $128,968.86
249 $128,968.86 $978.35 $0.00 $729.21 $130,676.42
250 $130,676.42 $978.35 $0.00 $738.86 $132,393.63
251 $132,393.63 $978.35 $0.00 $748.57 $134,120.55
252 $134,120.55 $978.35 $0.00 $758.34 $135,857.24
253 $135,857.24 $0.00 $136,622.00 $768.16 $3.40