Savings Plan and Future Cost Estimation for Virginia Highlands Community College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$50,322
Monthly savings required$224

How much will it cost to send your child to Virginia Highlands Community College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $100,644.07 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $223.58 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$14,385.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $223.58 $0.00 $0.00 $223.58
2 $223.58 $223.58 $0.00 $1.26 $448.42
3 $448.42 $223.58 $0.00 $2.54 $674.54
4 $674.54 $223.58 $0.00 $3.81 $901.93
5 $901.93 $223.58 $0.00 $5.10 $1,130.61
6 $1,130.61 $223.58 $0.00 $6.39 $1,360.58
7 $1,360.58 $223.58 $0.00 $7.69 $1,591.85
8 $1,591.85 $223.58 $0.00 $9.00 $1,824.43
9 $1,824.43 $223.58 $0.00 $10.32 $2,058.33
10 $2,058.33 $223.58 $0.00 $11.64 $2,293.55
11 $2,293.55 $223.58 $0.00 $12.97 $2,530.10
12 $2,530.10 $223.58 $0.00 $14.31 $2,767.99
13 $2,767.99 $223.58 $0.00 $15.65 $3,007.22
14 $3,007.22 $223.58 $0.00 $17.00 $3,247.80
15 $3,247.80 $223.58 $0.00 $18.36 $3,489.74
16 $3,489.74 $223.58 $0.00 $19.73 $3,733.05
17 $3,733.05 $223.58 $0.00 $21.11 $3,977.74
18 $3,977.74 $223.58 $0.00 $22.49 $4,223.81
19 $4,223.81 $223.58 $0.00 $23.88 $4,471.27
20 $4,471.27 $223.58 $0.00 $25.28 $4,720.13
21 $4,720.13 $223.58 $0.00 $26.69 $4,970.40
22 $4,970.40 $223.58 $0.00 $28.10 $5,222.08
23 $5,222.08 $223.58 $0.00 $29.53 $5,475.19
24 $5,475.19 $223.58 $0.00 $30.96 $5,729.73
25 $5,729.73 $223.58 $0.00 $32.40 $5,985.71
26 $5,985.71 $223.58 $0.00 $33.84 $6,243.13
27 $6,243.13 $223.58 $0.00 $35.30 $6,502.01
28 $6,502.01 $223.58 $0.00 $36.76 $6,762.35
29 $6,762.35 $223.58 $0.00 $38.24 $7,024.17
30 $7,024.17 $223.58 $0.00 $39.72 $7,287.47
31 $7,287.47 $223.58 $0.00 $41.20 $7,552.25
32 $7,552.25 $223.58 $0.00 $42.70 $7,818.53
33 $7,818.53 $223.58 $0.00 $44.21 $8,086.32
34 $8,086.32 $223.58 $0.00 $45.72 $8,355.62
35 $8,355.62 $223.58 $0.00 $47.24 $8,626.44
36 $8,626.44 $223.58 $0.00 $48.78 $8,898.80
37 $8,898.80 $223.58 $0.00 $50.32 $9,172.70
38 $9,172.70 $223.58 $0.00 $51.86 $9,448.14
39 $9,448.14 $223.58 $0.00 $53.42 $9,725.14
40 $9,725.14 $223.58 $0.00 $54.99 $10,003.71
41 $10,003.71 $223.58 $0.00 $56.56 $10,283.85
42 $10,283.85 $223.58 $0.00 $58.15 $10,565.58
43 $10,565.58 $223.58 $0.00 $59.74 $10,848.90
44 $10,848.90 $223.58 $0.00 $61.34 $11,133.82
45 $11,133.82 $223.58 $0.00 $62.95 $11,420.35
46 $11,420.35 $223.58 $0.00 $64.57 $11,708.50
47 $11,708.50 $223.58 $0.00 $66.20 $11,998.28
48 $11,998.28 $223.58 $0.00 $67.84 $12,289.70
49 $12,289.70 $223.58 $0.00 $69.49 $12,582.77
50 $12,582.77 $223.58 $0.00 $71.14 $12,877.49
51 $12,877.49 $223.58 $0.00 $72.81 $13,173.88
52 $13,173.88 $223.58 $0.00 $74.49 $13,471.95
53 $13,471.95 $223.58 $0.00 $76.17 $13,771.70
54 $13,771.70 $223.58 $0.00 $77.87 $14,073.15
55 $14,073.15 $223.58 $0.00 $79.57 $14,376.30
56 $14,376.30 $223.58 $0.00 $81.29 $14,681.17
57 $14,681.17 $223.58 $0.00 $83.01 $14,987.76
58 $14,987.76 $223.58 $0.00 $84.74 $15,296.08
59 $15,296.08 $223.58 $0.00 $86.49 $15,606.15
60 $15,606.15 $223.58 $0.00 $88.24 $15,917.97
61 $15,917.97 $223.58 $0.00 $90.00 $16,231.55
62 $16,231.55 $223.58 $0.00 $91.78 $16,546.91
63 $16,546.91 $223.58 $0.00 $93.56 $16,864.05
64 $16,864.05 $223.58 $0.00 $95.35 $17,182.98
65 $17,182.98 $223.58 $0.00 $97.16 $17,503.72
66 $17,503.72 $223.58 $0.00 $98.97 $17,826.27
67 $17,826.27 $223.58 $0.00 $100.79 $18,150.64
68 $18,150.64 $223.58 $0.00 $102.63 $18,476.85
69 $18,476.85 $223.58 $0.00 $104.47 $18,804.90
70 $18,804.90 $223.58 $0.00 $106.33 $19,134.81
71 $19,134.81 $223.58 $0.00 $108.19 $19,466.58
72 $19,466.58 $223.58 $0.00 $110.07 $19,800.23
73 $19,800.23 $223.58 $0.00 $111.95 $20,135.76
74 $20,135.76 $223.58 $0.00 $113.85 $20,473.19
75 $20,473.19 $223.58 $0.00 $115.76 $20,812.53
76 $20,812.53 $223.58 $0.00 $117.68 $21,153.79
77 $21,153.79 $223.58 $0.00 $119.61 $21,496.98
78 $21,496.98 $223.58 $0.00 $121.55 $21,842.11
79 $21,842.11 $223.58 $0.00 $123.50 $22,189.19
80 $22,189.19 $223.58 $0.00 $125.46 $22,538.23
81 $22,538.23 $223.58 $0.00 $127.43 $22,889.24
82 $22,889.24 $223.58 $0.00 $129.42 $23,242.24
83 $23,242.24 $223.58 $0.00 $131.42 $23,597.24
84 $23,597.24 $223.58 $0.00 $133.42 $23,954.24
85 $23,954.24 $223.58 $0.00 $135.44 $24,313.26
86 $24,313.26 $223.58 $0.00 $137.47 $24,674.31
87 $24,674.31 $223.58 $0.00 $139.51 $25,037.40
88 $25,037.40 $223.58 $0.00 $141.57 $25,402.55
89 $25,402.55 $223.58 $0.00 $143.63 $25,769.76
90 $25,769.76 $223.58 $0.00 $145.71 $26,139.05
91 $26,139.05 $223.58 $0.00 $147.79 $26,510.42
92 $26,510.42 $223.58 $0.00 $149.89 $26,883.89
93 $26,883.89 $223.58 $0.00 $152.01 $27,259.48
94 $27,259.48 $223.58 $0.00 $154.13 $27,637.19
95 $27,637.19 $223.58 $0.00 $156.26 $28,017.03
96 $28,017.03 $223.58 $0.00 $158.41 $28,399.02
97 $28,399.02 $223.58 $0.00 $160.57 $28,783.17
98 $28,783.17 $223.58 $0.00 $162.74 $29,169.49
99 $29,169.49 $223.58 $0.00 $164.93 $29,558.00
100 $29,558.00 $223.58 $0.00 $167.13 $29,948.71
101 $29,948.71 $223.58 $0.00 $169.33 $30,341.62
102 $30,341.62 $223.58 $0.00 $171.56 $30,736.76
103 $30,736.76 $223.58 $0.00 $173.79 $31,134.13
104 $31,134.13 $223.58 $0.00 $176.04 $31,533.75
105 $31,533.75 $223.58 $0.00 $178.30 $31,935.63
106 $31,935.63 $223.58 $0.00 $180.57 $32,339.78
107 $32,339.78 $223.58 $0.00 $182.85 $32,746.21
108 $32,746.21 $223.58 $0.00 $185.15 $33,154.94
109 $33,154.94 $223.58 $0.00 $187.46 $33,565.98
110 $33,565.98 $223.58 $0.00 $189.79 $33,979.35
111 $33,979.35 $223.58 $0.00 $192.12 $34,395.05
112 $34,395.05 $223.58 $0.00 $194.47 $34,813.10
113 $34,813.10 $223.58 $0.00 $196.84 $35,233.52
114 $35,233.52 $223.58 $0.00 $199.22 $35,656.32
115 $35,656.32 $223.58 $0.00 $201.61 $36,081.51
116 $36,081.51 $223.58 $0.00 $204.01 $36,509.10
117 $36,509.10 $223.58 $0.00 $206.43 $36,939.11
118 $36,939.11 $223.58 $0.00 $208.86 $37,371.55
119 $37,371.55 $223.58 $0.00 $211.30 $37,806.43
120 $37,806.43 $223.58 $0.00 $213.76 $38,243.77
121 $38,243.77 $223.58 $0.00 $216.24 $38,683.59
122 $38,683.59 $223.58 $0.00 $218.72 $39,125.89
123 $39,125.89 $223.58 $0.00 $221.22 $39,570.69
124 $39,570.69 $223.58 $0.00 $223.74 $40,018.01
125 $40,018.01 $223.58 $0.00 $226.27 $40,467.86
126 $40,467.86 $223.58 $0.00 $228.81 $40,920.25
127 $40,920.25 $223.58 $0.00 $231.37 $41,375.20
128 $41,375.20 $223.58 $0.00 $233.94 $41,832.72
129 $41,832.72 $223.58 $0.00 $236.53 $42,292.83
130 $42,292.83 $223.58 $0.00 $239.13 $42,755.54
131 $42,755.54 $223.58 $0.00 $241.75 $43,220.87
132 $43,220.87 $223.58 $0.00 $244.38 $43,688.83
133 $43,688.83 $223.58 $0.00 $247.02 $44,159.43
134 $44,159.43 $223.58 $0.00 $249.68 $44,632.69
135 $44,632.69 $223.58 $0.00 $252.36 $45,108.63
136 $45,108.63 $223.58 $0.00 $255.05 $45,587.26
137 $45,587.26 $223.58 $0.00 $257.76 $46,068.60
138 $46,068.60 $223.58 $0.00 $260.48 $46,552.66
139 $46,552.66 $223.58 $0.00 $263.22 $47,039.46
140 $47,039.46 $223.58 $0.00 $265.97 $47,529.01
141 $47,529.01 $223.58 $0.00 $268.74 $48,021.33
142 $48,021.33 $223.58 $0.00 $271.52 $48,516.43
143 $48,516.43 $223.58 $0.00 $274.32 $49,014.33
144 $49,014.33 $223.58 $0.00 $277.13 $49,515.04
145 $49,515.04 $223.58 $0.00 $279.97 $50,018.59
146 $50,018.59 $223.58 $0.00 $282.81 $50,524.98
147 $50,524.98 $223.58 $0.00 $285.68 $51,034.24
148 $51,034.24 $223.58 $0.00 $288.56 $51,546.38
149 $51,546.38 $223.58 $0.00 $291.45 $52,061.41
150 $52,061.41 $223.58 $0.00 $294.36 $52,579.35
151 $52,579.35 $223.58 $0.00 $297.29 $53,100.22
152 $53,100.22 $223.58 $0.00 $300.24 $53,624.04
153 $53,624.04 $223.58 $0.00 $303.20 $54,150.82
154 $54,150.82 $223.58 $0.00 $306.18 $54,680.58
155 $54,680.58 $223.58 $0.00 $309.17 $55,213.33
156 $55,213.33 $223.58 $0.00 $312.18 $55,749.09
157 $55,749.09 $223.58 $0.00 $315.21 $56,287.88
158 $56,287.88 $223.58 $0.00 $318.26 $56,829.72
159 $56,829.72 $223.58 $0.00 $321.32 $57,374.62
160 $57,374.62 $223.58 $0.00 $324.40 $57,922.60
161 $57,922.60 $223.58 $0.00 $327.50 $58,473.68
162 $58,473.68 $223.58 $0.00 $330.62 $59,027.88
163 $59,027.88 $223.58 $0.00 $333.75 $59,585.21
164 $59,585.21 $223.58 $0.00 $336.90 $60,145.69
165 $60,145.69 $223.58 $0.00 $340.07 $60,709.34
166 $60,709.34 $223.58 $0.00 $343.26 $61,276.18
167 $61,276.18 $223.58 $0.00 $346.46 $61,846.22
168 $61,846.22 $223.58 $0.00 $349.69 $62,419.49
169 $62,419.49 $223.58 $0.00 $352.93 $62,996.00
170 $62,996.00 $223.58 $0.00 $356.19 $63,575.77
171 $63,575.77 $223.58 $0.00 $359.47 $64,158.82
172 $64,158.82 $223.58 $0.00 $362.76 $64,745.16
173 $64,745.16 $223.58 $0.00 $366.08 $65,334.82
174 $65,334.82 $223.58 $0.00 $369.41 $65,927.81
175 $65,927.81 $223.58 $0.00 $372.77 $66,524.16
176 $66,524.16 $223.58 $0.00 $376.14 $67,123.88
177 $67,123.88 $223.58 $0.00 $379.53 $67,726.99
178 $67,726.99 $223.58 $0.00 $382.94 $68,333.51
179 $68,333.51 $223.58 $0.00 $386.37 $68,943.46
180 $68,943.46 $223.58 $0.00 $389.82 $69,556.86
181 $69,556.86 $223.58 $0.00 $393.28 $70,173.72
182 $70,173.72 $223.58 $0.00 $396.77 $70,794.07
183 $70,794.07 $223.58 $0.00 $400.28 $71,417.93
184 $71,417.93 $223.58 $0.00 $403.81 $72,045.32
185 $72,045.32 $223.58 $0.00 $407.35 $72,676.25
186 $72,676.25 $223.58 $0.00 $410.92 $73,310.75
187 $73,310.75 $223.58 $0.00 $414.51 $73,948.84
188 $73,948.84 $223.58 $0.00 $418.12 $74,590.54
189 $74,590.54 $223.58 $0.00 $421.75 $75,235.87
190 $75,235.87 $223.58 $0.00 $425.39 $75,884.84
191 $75,884.84 $223.58 $0.00 $429.06 $76,537.48
192 $76,537.48 $223.58 $0.00 $432.75 $77,193.81
193 $77,193.81 $223.58 $0.00 $436.47 $77,853.86
194 $77,853.86 $223.58 $0.00 $440.20 $78,517.64
195 $78,517.64 $223.58 $0.00 $443.95 $79,185.17
196 $79,185.17 $223.58 $0.00 $447.72 $79,856.47
197 $79,856.47 $223.58 $0.00 $451.52 $80,531.57
198 $80,531.57 $223.58 $0.00 $455.34 $81,210.49
199 $81,210.49 $223.58 $0.00 $459.18 $81,893.25
200 $81,893.25 $223.58 $0.00 $463.04 $82,579.87
201 $82,579.87 $223.58 $0.00 $466.92 $83,270.37
202 $83,270.37 $223.58 $0.00 $470.82 $83,964.77
203 $83,964.77 $223.58 $0.00 $474.75 $84,663.10
204 $84,663.10 $223.58 $0.00 $478.70 $85,365.38
205 $85,365.38 $223.58 $0.00 $482.67 $86,071.63
206 $86,071.63 $223.58 $0.00 $486.66 $86,781.87
207 $86,781.87 $223.58 $0.00 $490.68 $87,496.13
208 $87,496.13 $223.58 $0.00 $494.72 $88,214.43
209 $88,214.43 $223.58 $0.00 $498.78 $88,936.79
210 $88,936.79 $223.58 $0.00 $502.86 $89,663.23
211 $89,663.23 $223.58 $0.00 $506.97 $90,393.78
212 $90,393.78 $223.58 $0.00 $511.10 $91,128.46
213 $91,128.46 $223.58 $0.00 $515.25 $91,867.29
214 $91,867.29 $223.58 $0.00 $519.43 $92,610.30
215 $92,610.30 $223.58 $0.00 $523.63 $93,357.51
216 $93,357.51 $223.58 $0.00 $527.86 $94,108.95
217 $94,108.95 $223.58 $48,620.33 $532.11 $46,244.31
218 $46,244.31 $223.58 $0.00 $261.47 $46,729.36
219 $46,729.36 $223.58 $0.00 $264.21 $47,217.15
220 $47,217.15 $223.58 $0.00 $266.97 $47,707.70
221 $47,707.70 $223.58 $0.00 $269.75 $48,201.03
222 $48,201.03 $223.58 $0.00 $272.54 $48,697.15
223 $48,697.15 $223.58 $0.00 $275.34 $49,196.07
224 $49,196.07 $223.58 $0.00 $278.16 $49,697.81
225 $49,697.81 $223.58 $0.00 $281.00 $50,202.39
226 $50,202.39 $223.58 $0.00 $283.85 $50,709.82
227 $50,709.82 $223.58 $0.00 $286.72 $51,220.12
228 $51,220.12 $223.58 $0.00 $289.61 $51,733.31
229 $51,733.31 $0.00 $52,023.75 $292.51 $2.07