## Savings Plan and Future Cost Estimation

 Estimated Annual Cost in 2038 \$63,406 Monthly savings required \$282

How much will it cost to send your child to Virginia College in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at \$126,812.47 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of \$281.80 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 \$25,704.00 Years until enrollment 18 Annual Tuition Increase 5% Current Savings \$0.00 After Tax Return on Savings 7% Years of enrollment 2

## Current Savings Shortfall

### College Savings Calculator

Discover how much will you need to start saving now to afford Virginia College in the future.

## College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 \$0.00 \$281.80 \$0.00 \$0.00 \$281.80
2 \$281.80 \$281.80 \$0.00 \$1.59 \$565.19
3 \$565.19 \$281.80 \$0.00 \$3.20 \$850.19
4 \$850.19 \$281.80 \$0.00 \$4.81 \$1,136.80
5 \$1,136.80 \$281.80 \$0.00 \$6.43 \$1,425.03
6 \$1,425.03 \$281.80 \$0.00 \$8.06 \$1,714.89
7 \$1,714.89 \$281.80 \$0.00 \$9.70 \$2,006.39
8 \$2,006.39 \$281.80 \$0.00 \$11.34 \$2,299.53
9 \$2,299.53 \$281.80 \$0.00 \$13.00 \$2,594.33
10 \$2,594.33 \$281.80 \$0.00 \$14.67 \$2,890.80
11 \$2,890.80 \$281.80 \$0.00 \$16.35 \$3,188.95
12 \$3,188.95 \$281.80 \$0.00 \$18.03 \$3,488.78
13 \$3,488.78 \$281.80 \$0.00 \$19.73 \$3,790.31
14 \$3,790.31 \$281.80 \$0.00 \$21.43 \$4,093.54
15 \$4,093.54 \$281.80 \$0.00 \$23.15 \$4,398.49
16 \$4,398.49 \$281.80 \$0.00 \$24.87 \$4,705.16
17 \$4,705.16 \$281.80 \$0.00 \$26.60 \$5,013.56
18 \$5,013.56 \$281.80 \$0.00 \$28.35 \$5,323.71
19 \$5,323.71 \$281.80 \$0.00 \$30.10 \$5,635.61
20 \$5,635.61 \$281.80 \$0.00 \$31.86 \$5,949.27
21 \$5,949.27 \$281.80 \$0.00 \$33.64 \$6,264.71
22 \$6,264.71 \$281.80 \$0.00 \$35.42 \$6,581.93
23 \$6,581.93 \$281.80 \$0.00 \$37.22 \$6,900.95
24 \$6,900.95 \$281.80 \$0.00 \$39.02 \$7,221.77
25 \$7,221.77 \$281.80 \$0.00 \$40.83 \$7,544.40
26 \$7,544.40 \$281.80 \$0.00 \$42.66 \$7,868.86
27 \$7,868.86 \$281.80 \$0.00 \$44.49 \$8,195.15
28 \$8,195.15 \$281.80 \$0.00 \$46.34 \$8,523.29
29 \$8,523.29 \$281.80 \$0.00 \$48.19 \$8,853.28
30 \$8,853.28 \$281.80 \$0.00 \$50.06 \$9,185.14
31 \$9,185.14 \$281.80 \$0.00 \$51.93 \$9,518.87
32 \$9,518.87 \$281.80 \$0.00 \$53.82 \$9,854.49
33 \$9,854.49 \$281.80 \$0.00 \$55.72 \$10,192.01
34 \$10,192.01 \$281.80 \$0.00 \$57.63 \$10,531.44
35 \$10,531.44 \$281.80 \$0.00 \$59.55 \$10,872.79
36 \$10,872.79 \$281.80 \$0.00 \$61.48 \$11,216.07
37 \$11,216.07 \$281.80 \$0.00 \$63.42 \$11,561.29
38 \$11,561.29 \$281.80 \$0.00 \$65.37 \$11,908.46
39 \$11,908.46 \$281.80 \$0.00 \$67.33 \$12,257.59
40 \$12,257.59 \$281.80 \$0.00 \$69.31 \$12,608.70
41 \$12,608.70 \$281.80 \$0.00 \$71.29 \$12,961.79
42 \$12,961.79 \$281.80 \$0.00 \$73.29 \$13,316.88
43 \$13,316.88 \$281.80 \$0.00 \$75.30 \$13,673.98
44 \$13,673.98 \$281.80 \$0.00 \$77.31 \$14,033.09
45 \$14,033.09 \$281.80 \$0.00 \$79.35 \$14,394.24
46 \$14,394.24 \$281.80 \$0.00 \$81.39 \$14,757.43
47 \$14,757.43 \$281.80 \$0.00 \$83.44 \$15,122.67
48 \$15,122.67 \$281.80 \$0.00 \$85.51 \$15,489.98
49 \$15,489.98 \$281.80 \$0.00 \$87.58 \$15,859.36
50 \$15,859.36 \$281.80 \$0.00 \$89.67 \$16,230.83
51 \$16,230.83 \$281.80 \$0.00 \$91.77 \$16,604.40
52 \$16,604.40 \$281.80 \$0.00 \$93.88 \$16,980.08
53 \$16,980.08 \$281.80 \$0.00 \$96.01 \$17,357.89
54 \$17,357.89 \$281.80 \$0.00 \$98.14 \$17,737.83
55 \$17,737.83 \$281.80 \$0.00 \$100.29 \$18,119.92
56 \$18,119.92 \$281.80 \$0.00 \$102.45 \$18,504.17
57 \$18,504.17 \$281.80 \$0.00 \$104.63 \$18,890.60
58 \$18,890.60 \$281.80 \$0.00 \$106.81 \$19,279.21
59 \$19,279.21 \$281.80 \$0.00 \$109.01 \$19,670.02
60 \$19,670.02 \$281.80 \$0.00 \$111.22 \$20,063.04
61 \$20,063.04 \$281.80 \$0.00 \$113.44 \$20,458.28
62 \$20,458.28 \$281.80 \$0.00 \$115.67 \$20,855.75
63 \$20,855.75 \$281.80 \$0.00 \$117.92 \$21,255.47
64 \$21,255.47 \$281.80 \$0.00 \$120.18 \$21,657.45
65 \$21,657.45 \$281.80 \$0.00 \$122.45 \$22,061.70
66 \$22,061.70 \$281.80 \$0.00 \$124.74 \$22,468.24
67 \$22,468.24 \$281.80 \$0.00 \$127.04 \$22,877.08
68 \$22,877.08 \$281.80 \$0.00 \$129.35 \$23,288.23
69 \$23,288.23 \$281.80 \$0.00 \$131.68 \$23,701.71
70 \$23,701.71 \$281.80 \$0.00 \$134.01 \$24,117.52
71 \$24,117.52 \$281.80 \$0.00 \$136.36 \$24,535.68
72 \$24,535.68 \$281.80 \$0.00 \$138.73 \$24,956.21
73 \$24,956.21 \$281.80 \$0.00 \$141.11 \$25,379.12
74 \$25,379.12 \$281.80 \$0.00 \$143.50 \$25,804.42
75 \$25,804.42 \$281.80 \$0.00 \$145.90 \$26,232.12
76 \$26,232.12 \$281.80 \$0.00 \$148.32 \$26,662.24
77 \$26,662.24 \$281.80 \$0.00 \$150.75 \$27,094.79
78 \$27,094.79 \$281.80 \$0.00 \$153.20 \$27,529.79
79 \$27,529.79 \$281.80 \$0.00 \$155.66 \$27,967.25
80 \$27,967.25 \$281.80 \$0.00 \$158.13 \$28,407.18
81 \$28,407.18 \$281.80 \$0.00 \$160.62 \$28,849.60
82 \$28,849.60 \$281.80 \$0.00 \$163.12 \$29,294.52
83 \$29,294.52 \$281.80 \$0.00 \$165.64 \$29,741.96
84 \$29,741.96 \$281.80 \$0.00 \$168.17 \$30,191.93
85 \$30,191.93 \$281.80 \$0.00 \$170.71 \$30,644.44
86 \$30,644.44 \$281.80 \$0.00 \$173.27 \$31,099.51
87 \$31,099.51 \$281.80 \$0.00 \$175.84 \$31,557.15
88 \$31,557.15 \$281.80 \$0.00 \$178.43 \$32,017.38
89 \$32,017.38 \$281.80 \$0.00 \$181.03 \$32,480.21
90 \$32,480.21 \$281.80 \$0.00 \$183.65 \$32,945.66
91 \$32,945.66 \$281.80 \$0.00 \$186.28 \$33,413.74
92 \$33,413.74 \$281.80 \$0.00 \$188.93 \$33,884.47
93 \$33,884.47 \$281.80 \$0.00 \$191.59 \$34,357.86
94 \$34,357.86 \$281.80 \$0.00 \$194.26 \$34,833.92
95 \$34,833.92 \$281.80 \$0.00 \$196.96 \$35,312.68
96 \$35,312.68 \$281.80 \$0.00 \$199.66 \$35,794.14
97 \$35,794.14 \$281.80 \$0.00 \$202.39 \$36,278.33
98 \$36,278.33 \$281.80 \$0.00 \$205.12 \$36,765.25
99 \$36,765.25 \$281.80 \$0.00 \$207.88 \$37,254.93
100 \$37,254.93 \$281.80 \$0.00 \$210.64 \$37,747.37
101 \$37,747.37 \$281.80 \$0.00 \$213.43 \$38,242.60
102 \$38,242.60 \$281.80 \$0.00 \$216.23 \$38,740.63
103 \$38,740.63 \$281.80 \$0.00 \$219.05 \$39,241.48
104 \$39,241.48 \$281.80 \$0.00 \$221.88 \$39,745.16
105 \$39,745.16 \$281.80 \$0.00 \$224.72 \$40,251.68
106 \$40,251.68 \$281.80 \$0.00 \$227.59 \$40,761.07
107 \$40,761.07 \$281.80 \$0.00 \$230.47 \$41,273.34
108 \$41,273.34 \$281.80 \$0.00 \$233.37 \$41,788.51
109 \$41,788.51 \$281.80 \$0.00 \$236.28 \$42,306.59
110 \$42,306.59 \$281.80 \$0.00 \$239.21 \$42,827.60
111 \$42,827.60 \$281.80 \$0.00 \$242.15 \$43,351.55
112 \$43,351.55 \$281.80 \$0.00 \$245.12 \$43,878.47
113 \$43,878.47 \$281.80 \$0.00 \$248.10 \$44,408.37
114 \$44,408.37 \$281.80 \$0.00 \$251.09 \$44,941.26
115 \$44,941.26 \$281.80 \$0.00 \$254.10 \$45,477.16
116 \$45,477.16 \$281.80 \$0.00 \$257.13 \$46,016.09
117 \$46,016.09 \$281.80 \$0.00 \$260.18 \$46,558.07
118 \$46,558.07 \$281.80 \$0.00 \$263.25 \$47,103.12
119 \$47,103.12 \$281.80 \$0.00 \$266.33 \$47,651.25
120 \$47,651.25 \$281.80 \$0.00 \$269.43 \$48,202.48
121 \$48,202.48 \$281.80 \$0.00 \$272.54 \$48,756.82
122 \$48,756.82 \$281.80 \$0.00 \$275.68 \$49,314.30
123 \$49,314.30 \$281.80 \$0.00 \$278.83 \$49,874.93
124 \$49,874.93 \$281.80 \$0.00 \$282.00 \$50,438.73
125 \$50,438.73 \$281.80 \$0.00 \$285.19 \$51,005.72
126 \$51,005.72 \$281.80 \$0.00 \$288.39 \$51,575.91
127 \$51,575.91 \$281.80 \$0.00 \$291.62 \$52,149.33
128 \$52,149.33 \$281.80 \$0.00 \$294.86 \$52,725.99
129 \$52,725.99 \$281.80 \$0.00 \$298.12 \$53,305.91
130 \$53,305.91 \$281.80 \$0.00 \$301.40 \$53,889.11
131 \$53,889.11 \$281.80 \$0.00 \$304.70 \$54,475.61
132 \$54,475.61 \$281.80 \$0.00 \$308.01 \$55,065.42
133 \$55,065.42 \$281.80 \$0.00 \$311.35 \$55,658.57
134 \$55,658.57 \$281.80 \$0.00 \$314.70 \$56,255.07
135 \$56,255.07 \$281.80 \$0.00 \$318.07 \$56,854.94
136 \$56,854.94 \$281.80 \$0.00 \$321.47 \$57,458.21
137 \$57,458.21 \$281.80 \$0.00 \$324.88 \$58,064.89
138 \$58,064.89 \$281.80 \$0.00 \$328.31 \$58,675.00
139 \$58,675.00 \$281.80 \$0.00 \$331.76 \$59,288.56
140 \$59,288.56 \$281.80 \$0.00 \$335.23 \$59,905.59
141 \$59,905.59 \$281.80 \$0.00 \$338.71 \$60,526.10
142 \$60,526.10 \$281.80 \$0.00 \$342.22 \$61,150.12
143 \$61,150.12 \$281.80 \$0.00 \$345.75 \$61,777.67
144 \$61,777.67 \$281.80 \$0.00 \$349.30 \$62,408.77
145 \$62,408.77 \$281.80 \$0.00 \$352.87 \$63,043.44
146 \$63,043.44 \$281.80 \$0.00 \$356.46 \$63,681.70
147 \$63,681.70 \$281.80 \$0.00 \$360.07 \$64,323.57
148 \$64,323.57 \$281.80 \$0.00 \$363.69 \$64,969.06
149 \$64,969.06 \$281.80 \$0.00 \$367.34 \$65,618.20
150 \$65,618.20 \$281.80 \$0.00 \$371.01 \$66,271.01
151 \$66,271.01 \$281.80 \$0.00 \$374.71 \$66,927.52
152 \$66,927.52 \$281.80 \$0.00 \$378.42 \$67,587.74
153 \$67,587.74 \$281.80 \$0.00 \$382.15 \$68,251.69
154 \$68,251.69 \$281.80 \$0.00 \$385.90 \$68,919.39
155 \$68,919.39 \$281.80 \$0.00 \$389.68 \$69,590.87
156 \$69,590.87 \$281.80 \$0.00 \$393.48 \$70,266.15
157 \$70,266.15 \$281.80 \$0.00 \$397.30 \$70,945.25
158 \$70,945.25 \$281.80 \$0.00 \$401.13 \$71,628.18
159 \$71,628.18 \$281.80 \$0.00 \$405.00 \$72,314.98
160 \$72,314.98 \$281.80 \$0.00 \$408.88 \$73,005.66
161 \$73,005.66 \$281.80 \$0.00 \$412.78 \$73,700.24
162 \$73,700.24 \$281.80 \$0.00 \$416.71 \$74,398.75
163 \$74,398.75 \$281.80 \$0.00 \$420.66 \$75,101.21
164 \$75,101.21 \$281.80 \$0.00 \$424.63 \$75,807.64
165 \$75,807.64 \$281.80 \$0.00 \$428.63 \$76,518.07
166 \$76,518.07 \$281.80 \$0.00 \$432.64 \$77,232.51
167 \$77,232.51 \$281.80 \$0.00 \$436.68 \$77,950.99
168 \$77,950.99 \$281.80 \$0.00 \$440.75 \$78,673.54
169 \$78,673.54 \$281.80 \$0.00 \$444.83 \$79,400.17
170 \$79,400.17 \$281.80 \$0.00 \$448.94 \$80,130.91
171 \$80,130.91 \$281.80 \$0.00 \$453.07 \$80,865.78
172 \$80,865.78 \$281.80 \$0.00 \$457.23 \$81,604.81
173 \$81,604.81 \$281.80 \$0.00 \$461.41 \$82,348.02
174 \$82,348.02 \$281.80 \$0.00 \$465.61 \$83,095.43
175 \$83,095.43 \$281.80 \$0.00 \$469.83 \$83,847.06
176 \$83,847.06 \$281.80 \$0.00 \$474.08 \$84,602.94
177 \$84,602.94 \$281.80 \$0.00 \$478.36 \$85,363.10
178 \$85,363.10 \$281.80 \$0.00 \$482.66 \$86,127.56
179 \$86,127.56 \$281.80 \$0.00 \$486.98 \$86,896.34
180 \$86,896.34 \$281.80 \$0.00 \$491.32 \$87,669.46
181 \$87,669.46 \$281.80 \$0.00 \$495.70 \$88,446.96
182 \$88,446.96 \$281.80 \$0.00 \$500.09 \$89,228.85
183 \$89,228.85 \$281.80 \$0.00 \$504.51 \$90,015.16
184 \$90,015.16 \$281.80 \$0.00 \$508.96 \$90,805.92
185 \$90,805.92 \$281.80 \$0.00 \$513.43 \$91,601.15
186 \$91,601.15 \$281.80 \$0.00 \$517.93 \$92,400.88
187 \$92,400.88 \$281.80 \$0.00 \$522.45 \$93,205.13
188 \$93,205.13 \$281.80 \$0.00 \$527.00 \$94,013.93
189 \$94,013.93 \$281.80 \$0.00 \$531.57 \$94,827.30
190 \$94,827.30 \$281.80 \$0.00 \$536.17 \$95,645.27
191 \$95,645.27 \$281.80 \$0.00 \$540.79 \$96,467.86
192 \$96,467.86 \$281.80 \$0.00 \$545.44 \$97,295.10
193 \$97,295.10 \$281.80 \$0.00 \$550.12 \$98,127.02
194 \$98,127.02 \$281.80 \$0.00 \$554.82 \$98,963.64
195 \$98,963.64 \$281.80 \$0.00 \$559.55 \$99,804.99
196 \$99,804.99 \$281.80 \$0.00 \$564.31 \$100,651.10
197 \$100,651.10 \$281.80 \$0.00 \$569.10 \$101,502.00
198 \$101,502.00 \$281.80 \$0.00 \$573.91 \$102,357.71
199 \$102,357.71 \$281.80 \$0.00 \$578.75 \$103,218.26
200 \$103,218.26 \$281.80 \$0.00 \$583.61 \$104,083.67
201 \$104,083.67 \$281.80 \$0.00 \$588.50 \$104,953.97
202 \$104,953.97 \$281.80 \$0.00 \$593.43 \$105,829.20
203 \$105,829.20 \$281.80 \$0.00 \$598.37 \$106,709.37
204 \$106,709.37 \$281.80 \$0.00 \$603.35 \$107,594.52
205 \$107,594.52 \$281.80 \$0.00 \$608.36 \$108,484.68
206 \$108,484.68 \$281.80 \$0.00 \$613.39 \$109,379.87
207 \$109,379.87 \$281.80 \$0.00 \$618.45 \$110,280.12
208 \$110,280.12 \$281.80 \$0.00 \$623.54 \$111,185.46
209 \$111,185.46 \$281.80 \$0.00 \$628.66 \$112,095.92
210 \$112,095.92 \$281.80 \$0.00 \$633.81 \$113,011.53
211 \$113,011.53 \$281.80 \$0.00 \$638.98 \$113,932.31
212 \$113,932.31 \$281.80 \$0.00 \$644.19 \$114,858.30
213 \$114,858.30 \$281.80 \$0.00 \$649.43 \$115,789.53
214 \$115,789.53 \$281.80 \$0.00 \$654.69 \$116,726.02
215 \$116,726.02 \$281.80 \$0.00 \$659.99 \$117,667.81
216 \$117,667.81 \$281.80 \$0.00 \$665.31 \$118,614.92
217 \$118,614.92 \$281.80 \$61,859.74 \$670.67 \$57,707.65
218 \$57,707.65 \$281.80 \$0.00 \$326.29 \$58,315.74
219 \$58,315.74 \$281.80 \$0.00 \$329.73 \$58,927.27
220 \$58,927.27 \$281.80 \$0.00 \$333.18 \$59,542.25
221 \$59,542.25 \$281.80 \$0.00 \$336.66 \$60,160.71
222 \$60,160.71 \$281.80 \$0.00 \$340.16 \$60,782.67
223 \$60,782.67 \$281.80 \$0.00 \$343.67 \$61,408.14
224 \$61,408.14 \$281.80 \$0.00 \$347.21 \$62,037.15
225 \$62,037.15 \$281.80 \$0.00 \$350.77 \$62,669.72
226 \$62,669.72 \$281.80 \$0.00 \$354.34 \$63,305.86
227 \$63,305.86 \$281.80 \$0.00 \$357.94 \$63,945.60
228 \$63,945.60 \$281.80 \$0.00 \$361.56 \$64,588.96
229 \$64,588.96 \$0.00 \$64,952.73 \$365.20 \$1.43