Savings Plan and Future Cost Estimation for Virginia State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$90,689
Monthly savings required$717

How much will it cost to send your child to Virginia State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $362,757.12 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $716.74 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$24,173.00
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 $716.74 $0.00 $0.00 $716.74
2 $716.74 $716.74 $0.00 $4.05 $1,437.53
3 $1,437.53 $716.74 $0.00 $8.13 $2,162.40
4 $2,162.40 $716.74 $0.00 $12.23 $2,891.37
5 $2,891.37 $716.74 $0.00 $16.35 $3,624.46
6 $3,624.46 $716.74 $0.00 $20.49 $4,361.69
7 $4,361.69 $716.74 $0.00 $24.66 $5,103.09
8 $5,103.09 $716.74 $0.00 $28.85 $5,848.68
9 $5,848.68 $716.74 $0.00 $33.07 $6,598.49
10 $6,598.49 $716.74 $0.00 $37.31 $7,352.54
11 $7,352.54 $716.74 $0.00 $41.57 $8,110.85
12 $8,110.85 $716.74 $0.00 $45.86 $8,873.45
13 $8,873.45 $716.74 $0.00 $50.17 $9,640.36
14 $9,640.36 $716.74 $0.00 $54.51 $10,411.61
15 $10,411.61 $716.74 $0.00 $58.87 $11,187.22
16 $11,187.22 $716.74 $0.00 $63.25 $11,967.21
17 $11,967.21 $716.74 $0.00 $67.66 $12,751.61
18 $12,751.61 $716.74 $0.00 $72.10 $13,540.45
19 $13,540.45 $716.74 $0.00 $76.56 $14,333.75
20 $14,333.75 $716.74 $0.00 $81.05 $15,131.54
21 $15,131.54 $716.74 $0.00 $85.56 $15,933.84
22 $15,933.84 $716.74 $0.00 $90.09 $16,740.67
23 $16,740.67 $716.74 $0.00 $94.65 $17,552.06
24 $17,552.06 $716.74 $0.00 $99.24 $18,368.04
25 $18,368.04 $716.74 $0.00 $103.86 $19,188.64
26 $19,188.64 $716.74 $0.00 $108.50 $20,013.88
27 $20,013.88 $716.74 $0.00 $113.16 $20,843.78
28 $20,843.78 $716.74 $0.00 $117.85 $21,678.37
29 $21,678.37 $716.74 $0.00 $122.57 $22,517.68
30 $22,517.68 $716.74 $0.00 $127.32 $23,361.74
31 $23,361.74 $716.74 $0.00 $132.09 $24,210.57
32 $24,210.57 $716.74 $0.00 $136.89 $25,064.20
33 $25,064.20 $716.74 $0.00 $141.72 $25,922.66
34 $25,922.66 $716.74 $0.00 $146.57 $26,785.97
35 $26,785.97 $716.74 $0.00 $151.45 $27,654.16
36 $27,654.16 $716.74 $0.00 $156.36 $28,527.26
37 $28,527.26 $716.74 $0.00 $161.30 $29,405.30
38 $29,405.30 $716.74 $0.00 $166.26 $30,288.30
39 $30,288.30 $716.74 $0.00 $171.25 $31,176.29
40 $31,176.29 $716.74 $0.00 $176.28 $32,069.31
41 $32,069.31 $716.74 $0.00 $181.32 $32,967.37
42 $32,967.37 $716.74 $0.00 $186.40 $33,870.51
43 $33,870.51 $716.74 $0.00 $191.51 $34,778.76
44 $34,778.76 $716.74 $0.00 $196.64 $35,692.14
45 $35,692.14 $716.74 $0.00 $201.81 $36,610.69
46 $36,610.69 $716.74 $0.00 $207.00 $37,534.43
47 $37,534.43 $716.74 $0.00 $212.23 $38,463.40
48 $38,463.40 $716.74 $0.00 $217.48 $39,397.62
49 $39,397.62 $716.74 $0.00 $222.76 $40,337.12
50 $40,337.12 $716.74 $0.00 $228.07 $41,281.93
51 $41,281.93 $716.74 $0.00 $233.41 $42,232.08
52 $42,232.08 $716.74 $0.00 $238.79 $43,187.61
53 $43,187.61 $716.74 $0.00 $244.19 $44,148.54
54 $44,148.54 $716.74 $0.00 $249.62 $45,114.90
55 $45,114.90 $716.74 $0.00 $255.09 $46,086.73
56 $46,086.73 $716.74 $0.00 $260.58 $47,064.05
57 $47,064.05 $716.74 $0.00 $266.11 $48,046.90
58 $48,046.90 $716.74 $0.00 $271.66 $49,035.30
59 $49,035.30 $716.74 $0.00 $277.25 $50,029.29
60 $50,029.29 $716.74 $0.00 $282.87 $51,028.90
61 $51,028.90 $716.74 $0.00 $288.52 $52,034.16
62 $52,034.16 $716.74 $0.00 $294.21 $53,045.11
63 $53,045.11 $716.74 $0.00 $299.92 $54,061.77
64 $54,061.77 $716.74 $0.00 $305.67 $55,084.18
65 $55,084.18 $716.74 $0.00 $311.45 $56,112.37
66 $56,112.37 $716.74 $0.00 $317.27 $57,146.38
67 $57,146.38 $716.74 $0.00 $323.11 $58,186.23
68 $58,186.23 $716.74 $0.00 $328.99 $59,231.96
69 $59,231.96 $716.74 $0.00 $334.91 $60,283.61
70 $60,283.61 $716.74 $0.00 $340.85 $61,341.20
71 $61,341.20 $716.74 $0.00 $346.83 $62,404.77
72 $62,404.77 $716.74 $0.00 $352.85 $63,474.36
73 $63,474.36 $716.74 $0.00 $358.89 $64,549.99
74 $64,549.99 $716.74 $0.00 $364.98 $65,631.71
75 $65,631.71 $716.74 $0.00 $371.09 $66,719.54
76 $66,719.54 $716.74 $0.00 $377.24 $67,813.52
77 $67,813.52 $716.74 $0.00 $383.43 $68,913.69
78 $68,913.69 $716.74 $0.00 $389.65 $70,020.08
79 $70,020.08 $716.74 $0.00 $395.90 $71,132.72
80 $71,132.72 $716.74 $0.00 $402.19 $72,251.65
81 $72,251.65 $716.74 $0.00 $408.52 $73,376.91
82 $73,376.91 $716.74 $0.00 $414.88 $74,508.53
83 $74,508.53 $716.74 $0.00 $421.28 $75,646.55
84 $75,646.55 $716.74 $0.00 $427.72 $76,791.01
85 $76,791.01 $716.74 $0.00 $434.19 $77,941.94
86 $77,941.94 $716.74 $0.00 $440.70 $79,099.38
87 $79,099.38 $716.74 $0.00 $447.24 $80,263.36
88 $80,263.36 $716.74 $0.00 $453.82 $81,433.92
89 $81,433.92 $716.74 $0.00 $460.44 $82,611.10
90 $82,611.10 $716.74 $0.00 $467.10 $83,794.94
91 $83,794.94 $716.74 $0.00 $473.79 $84,985.47
92 $84,985.47 $716.74 $0.00 $480.52 $86,182.73
93 $86,182.73 $716.74 $0.00 $487.29 $87,386.76
94 $87,386.76 $716.74 $0.00 $494.10 $88,597.60
95 $88,597.60 $716.74 $0.00 $500.94 $89,815.28
96 $89,815.28 $716.74 $0.00 $507.83 $91,039.85
97 $91,039.85 $716.74 $0.00 $514.75 $92,271.34
98 $92,271.34 $716.74 $0.00 $521.72 $93,509.80
99 $93,509.80 $716.74 $0.00 $528.72 $94,755.26
100 $94,755.26 $716.74 $0.00 $535.76 $96,007.76
101 $96,007.76 $716.74 $0.00 $542.84 $97,267.34
102 $97,267.34 $716.74 $0.00 $549.96 $98,534.04
103 $98,534.04 $716.74 $0.00 $557.13 $99,807.91
104 $99,807.91 $716.74 $0.00 $564.33 $101,088.98
105 $101,088.98 $716.74 $0.00 $571.57 $102,377.29
106 $102,377.29 $716.74 $0.00 $578.86 $103,672.89
107 $103,672.89 $716.74 $0.00 $586.18 $104,975.81
108 $104,975.81 $716.74 $0.00 $593.55 $106,286.10
109 $106,286.10 $716.74 $0.00 $600.96 $107,603.80
110 $107,603.80 $716.74 $0.00 $608.41 $108,928.95
111 $108,928.95 $716.74 $0.00 $615.90 $110,261.59
112 $110,261.59 $716.74 $0.00 $623.44 $111,601.77
113 $111,601.77 $716.74 $0.00 $631.01 $112,949.52
114 $112,949.52 $716.74 $0.00 $638.63 $114,304.89
115 $114,304.89 $716.74 $0.00 $646.30 $115,667.93
116 $115,667.93 $716.74 $0.00 $654.00 $117,038.67
117 $117,038.67 $716.74 $0.00 $661.75 $118,417.16
118 $118,417.16 $716.74 $0.00 $669.55 $119,803.45
119 $119,803.45 $716.74 $0.00 $677.39 $121,197.58
120 $121,197.58 $716.74 $0.00 $685.27 $122,599.59
121 $122,599.59 $716.74 $0.00 $693.20 $124,009.53
122 $124,009.53 $716.74 $0.00 $701.17 $125,427.44
123 $125,427.44 $716.74 $0.00 $709.18 $126,853.36
124 $126,853.36 $716.74 $0.00 $717.25 $128,287.35
125 $128,287.35 $716.74 $0.00 $725.36 $129,729.45
126 $129,729.45 $716.74 $0.00 $733.51 $131,179.70
127 $131,179.70 $716.74 $0.00 $741.71 $132,638.15
128 $132,638.15 $716.74 $0.00 $749.96 $134,104.85
129 $134,104.85 $716.74 $0.00 $758.25 $135,579.84
130 $135,579.84 $716.74 $0.00 $766.59 $137,063.17
131 $137,063.17 $716.74 $0.00 $774.98 $138,554.89
132 $138,554.89 $716.74 $0.00 $783.41 $140,055.04
133 $140,055.04 $716.74 $0.00 $791.89 $141,563.67
134 $141,563.67 $716.74 $0.00 $800.42 $143,080.83
135 $143,080.83 $716.74 $0.00 $809.00 $144,606.57
136 $144,606.57 $716.74 $0.00 $817.63 $146,140.94
137 $146,140.94 $716.74 $0.00 $826.30 $147,683.98
138 $147,683.98 $716.74 $0.00 $835.03 $149,235.75
139 $149,235.75 $716.74 $0.00 $843.80 $150,796.29
140 $150,796.29 $716.74 $0.00 $852.62 $152,365.65
141 $152,365.65 $716.74 $0.00 $861.50 $153,943.89
142 $153,943.89 $716.74 $0.00 $870.42 $155,531.05
143 $155,531.05 $716.74 $0.00 $879.40 $157,127.19
144 $157,127.19 $716.74 $0.00 $888.42 $158,732.35
145 $158,732.35 $716.74 $0.00 $897.50 $160,346.59
146 $160,346.59 $716.74 $0.00 $906.62 $161,969.95
147 $161,969.95 $716.74 $0.00 $915.80 $163,602.49
148 $163,602.49 $716.74 $0.00 $925.03 $165,244.26
149 $165,244.26 $716.74 $0.00 $934.32 $166,895.32
150 $166,895.32 $716.74 $0.00 $943.65 $168,555.71
151 $168,555.71 $716.74 $0.00 $953.04 $170,225.49
152 $170,225.49 $716.74 $0.00 $962.48 $171,904.71
153 $171,904.71 $716.74 $0.00 $971.97 $173,593.42
154 $173,593.42 $716.74 $0.00 $981.52 $175,291.68
155 $175,291.68 $716.74 $0.00 $991.12 $176,999.54
156 $176,999.54 $716.74 $0.00 $1,000.78 $178,717.06
157 $178,717.06 $716.74 $0.00 $1,010.49 $180,444.29
158 $180,444.29 $716.74 $0.00 $1,020.26 $182,181.29
159 $182,181.29 $716.74 $0.00 $1,030.08 $183,928.11
160 $183,928.11 $716.74 $0.00 $1,039.96 $185,684.81
161 $185,684.81 $716.74 $0.00 $1,049.89 $187,451.44
162 $187,451.44 $716.74 $0.00 $1,059.88 $189,228.06
163 $189,228.06 $716.74 $0.00 $1,069.92 $191,014.72
164 $191,014.72 $716.74 $0.00 $1,080.02 $192,811.48
165 $192,811.48 $716.74 $0.00 $1,090.18 $194,618.40
166 $194,618.40 $716.74 $0.00 $1,100.40 $196,435.54
167 $196,435.54 $716.74 $0.00 $1,110.68 $198,262.96
168 $198,262.96 $716.74 $0.00 $1,121.01 $200,100.71
169 $200,100.71 $716.74 $0.00 $1,131.40 $201,948.85
170 $201,948.85 $716.74 $0.00 $1,141.85 $203,807.44
171 $203,807.44 $716.74 $0.00 $1,152.36 $205,676.54
172 $205,676.54 $716.74 $0.00 $1,162.93 $207,556.21
173 $207,556.21 $716.74 $0.00 $1,173.55 $209,446.50
174 $209,446.50 $716.74 $0.00 $1,184.24 $211,347.48
175 $211,347.48 $716.74 $0.00 $1,194.99 $213,259.21
176 $213,259.21 $716.74 $0.00 $1,205.80 $215,181.75
177 $215,181.75 $716.74 $0.00 $1,216.67 $217,115.16
178 $217,115.16 $716.74 $0.00 $1,227.60 $219,059.50
179 $219,059.50 $716.74 $0.00 $1,238.59 $221,014.83
180 $221,014.83 $716.74 $0.00 $1,249.65 $222,981.22
181 $222,981.22 $716.74 $0.00 $1,260.77 $224,958.73
182 $224,958.73 $716.74 $0.00 $1,271.95 $226,947.42
183 $226,947.42 $716.74 $0.00 $1,283.19 $228,947.35
184 $228,947.35 $716.74 $0.00 $1,294.50 $230,958.59
185 $230,958.59 $716.74 $0.00 $1,305.87 $232,981.20
186 $232,981.20 $716.74 $0.00 $1,317.31 $235,015.25
187 $235,015.25 $716.74 $0.00 $1,328.81 $237,060.80
188 $237,060.80 $716.74 $0.00 $1,340.38 $239,117.92
189 $239,117.92 $716.74 $0.00 $1,352.01 $241,186.67
190 $241,186.67 $716.74 $0.00 $1,363.70 $243,267.11
191 $243,267.11 $716.74 $0.00 $1,375.47 $245,359.32
192 $245,359.32 $716.74 $0.00 $1,387.30 $247,463.36
193 $247,463.36 $716.74 $0.00 $1,399.19 $249,579.29
194 $249,579.29 $716.74 $0.00 $1,411.16 $251,707.19
195 $251,707.19 $716.74 $0.00 $1,423.19 $253,847.12
196 $253,847.12 $716.74 $0.00 $1,435.29 $255,999.15
197 $255,999.15 $716.74 $0.00 $1,447.46 $258,163.35
198 $258,163.35 $716.74 $0.00 $1,459.69 $260,339.78
199 $260,339.78 $716.74 $0.00 $1,472.00 $262,528.52
200 $262,528.52 $716.74 $0.00 $1,484.37 $264,729.63
201 $264,729.63 $716.74 $0.00 $1,496.82 $266,943.19
202 $266,943.19 $716.74 $0.00 $1,509.34 $269,169.27
203 $269,169.27 $716.74 $0.00 $1,521.92 $271,407.93
204 $271,407.93 $716.74 $0.00 $1,534.58 $273,659.25
205 $273,659.25 $716.74 $0.00 $1,547.31 $275,923.30
206 $275,923.30 $716.74 $0.00 $1,560.11 $278,200.15
207 $278,200.15 $716.74 $0.00 $1,572.98 $280,489.87
208 $280,489.87 $716.74 $0.00 $1,585.93 $282,792.54
209 $282,792.54 $716.74 $0.00 $1,598.95 $285,108.23
210 $285,108.23 $716.74 $0.00 $1,612.04 $287,437.01
211 $287,437.01 $716.74 $0.00 $1,625.21 $289,778.96
212 $289,778.96 $716.74 $0.00 $1,638.45 $292,134.15
213 $292,134.15 $716.74 $0.00 $1,651.77 $294,502.66
214 $294,502.66 $716.74 $0.00 $1,665.16 $296,884.56
215 $296,884.56 $716.74 $0.00 $1,678.63 $299,279.93
216 $299,279.93 $716.74 $0.00 $1,692.17 $301,688.84
217 $301,688.84 $716.74 $81,703.10 $1,705.79 $222,408.27
218 $222,408.27 $716.74 $0.00 $1,257.53 $224,382.54
219 $224,382.54 $716.74 $0.00 $1,268.69 $226,367.97
220 $226,367.97 $716.74 $0.00 $1,279.92 $228,364.63
221 $228,364.63 $716.74 $0.00 $1,291.21 $230,372.58
222 $230,372.58 $716.74 $0.00 $1,302.56 $232,391.88
223 $232,391.88 $716.74 $0.00 $1,313.98 $234,422.60
224 $234,422.60 $716.74 $0.00 $1,325.46 $236,464.80
225 $236,464.80 $716.74 $0.00 $1,337.01 $238,518.55
226 $238,518.55 $716.74 $0.00 $1,348.62 $240,583.91
227 $240,583.91 $716.74 $0.00 $1,360.30 $242,660.95
228 $242,660.95 $716.74 $0.00 $1,372.04 $244,749.73
229 $244,749.73 $716.74 $87,422.32 $1,383.85 $159,428.00
230 $159,428.00 $716.74 $0.00 $901.43 $161,046.17
231 $161,046.17 $716.74 $0.00 $910.58 $162,673.49
232 $162,673.49 $716.74 $0.00 $919.78 $164,310.01
233 $164,310.01 $716.74 $0.00 $929.03 $165,955.78
234 $165,955.78 $716.74 $0.00 $938.34 $167,610.86
235 $167,610.86 $716.74 $0.00 $947.70 $169,275.30
236 $169,275.30 $716.74 $0.00 $957.11 $170,949.15
237 $170,949.15 $716.74 $0.00 $966.57 $172,632.46
238 $172,632.46 $716.74 $0.00 $976.09 $174,325.29
239 $174,325.29 $716.74 $0.00 $985.66 $176,027.69
240 $176,027.69 $716.74 $0.00 $995.29 $177,739.72
241 $177,739.72 $716.74 $93,541.88 $1,004.97 $85,919.55
242 $85,919.55 $716.74 $0.00 $485.80 $87,122.09
243 $87,122.09 $716.74 $0.00 $492.60 $88,331.43
244 $88,331.43 $716.74 $0.00 $499.44 $89,547.61
245 $89,547.61 $716.74 $0.00 $506.32 $90,770.67
246 $90,770.67 $716.74 $0.00 $513.23 $92,000.64
247 $92,000.64 $716.74 $0.00 $520.18 $93,237.56
248 $93,237.56 $716.74 $0.00 $527.18 $94,481.48
249 $94,481.48 $716.74 $0.00 $534.21 $95,732.43
250 $95,732.43 $716.74 $0.00 $541.29 $96,990.46
251 $96,990.46 $716.74 $0.00 $548.40 $98,255.60
252 $98,255.60 $716.74 $0.00 $555.55 $99,527.89
253 $99,527.89 $0.00 $100,089.81 $562.75 $0.83