Savings Plan and Future Cost Estimation for Virginia College School of Business and Health

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$65,629
Monthly savings required$520

How much will it cost to send your child to Virginia College School of Business and Health in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $262,515.57 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $519.51 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$25,308.00
Years until enrollment18
Annual Tuition Increase5%
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 $519.51 $0.00 $0.00 $519.51
2 $519.51 $519.51 $0.00 $2.94 $1,041.96
3 $1,041.96 $519.51 $0.00 $5.89 $1,567.36
4 $1,567.36 $519.51 $0.00 $8.86 $2,095.73
5 $2,095.73 $519.51 $0.00 $11.85 $2,627.09
6 $2,627.09 $519.51 $0.00 $14.85 $3,161.45
7 $3,161.45 $519.51 $0.00 $17.88 $3,698.84
8 $3,698.84 $519.51 $0.00 $20.91 $4,239.26
9 $4,239.26 $519.51 $0.00 $23.97 $4,782.74
10 $4,782.74 $519.51 $0.00 $27.04 $5,329.29
11 $5,329.29 $519.51 $0.00 $30.13 $5,878.93
12 $5,878.93 $519.51 $0.00 $33.24 $6,431.68
13 $6,431.68 $519.51 $0.00 $36.37 $6,987.56
14 $6,987.56 $519.51 $0.00 $39.51 $7,546.58
15 $7,546.58 $519.51 $0.00 $42.67 $8,108.76
16 $8,108.76 $519.51 $0.00 $45.85 $8,674.12
17 $8,674.12 $519.51 $0.00 $49.04 $9,242.67
18 $9,242.67 $519.51 $0.00 $52.26 $9,814.44
19 $9,814.44 $519.51 $0.00 $55.49 $10,389.44
20 $10,389.44 $519.51 $0.00 $58.74 $10,967.69
21 $10,967.69 $519.51 $0.00 $62.01 $11,549.21
22 $11,549.21 $519.51 $0.00 $65.30 $12,134.02
23 $12,134.02 $519.51 $0.00 $68.61 $12,722.14
24 $12,722.14 $519.51 $0.00 $71.93 $13,313.58
25 $13,313.58 $519.51 $0.00 $75.28 $13,908.37
26 $13,908.37 $519.51 $0.00 $78.64 $14,506.52
27 $14,506.52 $519.51 $0.00 $82.02 $15,108.05
28 $15,108.05 $519.51 $0.00 $85.42 $15,712.98
29 $15,712.98 $519.51 $0.00 $88.84 $16,321.33
30 $16,321.33 $519.51 $0.00 $92.28 $16,933.12
31 $16,933.12 $519.51 $0.00 $95.74 $17,548.37
32 $17,548.37 $519.51 $0.00 $99.22 $18,167.10
33 $18,167.10 $519.51 $0.00 $102.72 $18,789.33
34 $18,789.33 $519.51 $0.00 $106.24 $19,415.08
35 $19,415.08 $519.51 $0.00 $109.78 $20,044.37
36 $20,044.37 $519.51 $0.00 $113.33 $20,677.21
37 $20,677.21 $519.51 $0.00 $116.91 $21,313.63
38 $21,313.63 $519.51 $0.00 $120.51 $21,953.65
39 $21,953.65 $519.51 $0.00 $124.13 $22,597.29
40 $22,597.29 $519.51 $0.00 $127.77 $23,244.57
41 $23,244.57 $519.51 $0.00 $131.43 $23,895.51
42 $23,895.51 $519.51 $0.00 $135.11 $24,550.13
43 $24,550.13 $519.51 $0.00 $138.81 $25,208.45
44 $25,208.45 $519.51 $0.00 $142.53 $25,870.49
45 $25,870.49 $519.51 $0.00 $146.28 $26,536.28
46 $26,536.28 $519.51 $0.00 $150.04 $27,205.83
47 $27,205.83 $519.51 $0.00 $153.83 $27,879.17
48 $27,879.17 $519.51 $0.00 $157.63 $28,556.31
49 $28,556.31 $519.51 $0.00 $161.46 $29,237.28
50 $29,237.28 $519.51 $0.00 $165.31 $29,922.10
51 $29,922.10 $519.51 $0.00 $169.18 $30,610.79
52 $30,610.79 $519.51 $0.00 $173.08 $31,303.38
53 $31,303.38 $519.51 $0.00 $176.99 $31,999.88
54 $31,999.88 $519.51 $0.00 $180.93 $32,700.32
55 $32,700.32 $519.51 $0.00 $184.89 $33,404.72
56 $33,404.72 $519.51 $0.00 $188.88 $34,113.11
57 $34,113.11 $519.51 $0.00 $192.88 $34,825.50
58 $34,825.50 $519.51 $0.00 $196.91 $35,541.92
59 $35,541.92 $519.51 $0.00 $200.96 $36,262.39
60 $36,262.39 $519.51 $0.00 $205.03 $36,986.93
61 $36,986.93 $519.51 $0.00 $209.13 $37,715.57
62 $37,715.57 $519.51 $0.00 $213.25 $38,448.33
63 $38,448.33 $519.51 $0.00 $217.39 $39,185.23
64 $39,185.23 $519.51 $0.00 $221.56 $39,926.30
65 $39,926.30 $519.51 $0.00 $225.75 $40,671.56
66 $40,671.56 $519.51 $0.00 $229.96 $41,421.03
67 $41,421.03 $519.51 $0.00 $234.20 $42,174.74
68 $42,174.74 $519.51 $0.00 $238.46 $42,932.71
69 $42,932.71 $519.51 $0.00 $242.75 $43,694.97
70 $43,694.97 $519.51 $0.00 $247.06 $44,461.54
71 $44,461.54 $519.51 $0.00 $251.39 $45,232.44
72 $45,232.44 $519.51 $0.00 $255.75 $46,007.70
73 $46,007.70 $519.51 $0.00 $260.13 $46,787.34
74 $46,787.34 $519.51 $0.00 $264.54 $47,571.39
75 $47,571.39 $519.51 $0.00 $268.98 $48,359.88
76 $48,359.88 $519.51 $0.00 $273.43 $49,152.82
77 $49,152.82 $519.51 $0.00 $277.92 $49,950.25
78 $49,950.25 $519.51 $0.00 $282.43 $50,752.19
79 $50,752.19 $519.51 $0.00 $286.96 $51,558.66
80 $51,558.66 $519.51 $0.00 $291.52 $52,369.69
81 $52,369.69 $519.51 $0.00 $296.11 $53,185.31
82 $53,185.31 $519.51 $0.00 $300.72 $54,005.54
83 $54,005.54 $519.51 $0.00 $305.36 $54,830.41
84 $54,830.41 $519.51 $0.00 $310.02 $55,659.94
85 $55,659.94 $519.51 $0.00 $314.71 $56,494.16
86 $56,494.16 $519.51 $0.00 $319.43 $57,333.10
87 $57,333.10 $519.51 $0.00 $324.17 $58,176.78
88 $58,176.78 $519.51 $0.00 $328.94 $59,025.23
89 $59,025.23 $519.51 $0.00 $333.74 $59,878.48
90 $59,878.48 $519.51 $0.00 $338.56 $60,736.55
91 $60,736.55 $519.51 $0.00 $343.41 $61,599.47
92 $61,599.47 $519.51 $0.00 $348.29 $62,467.27
93 $62,467.27 $519.51 $0.00 $353.20 $63,339.98
94 $63,339.98 $519.51 $0.00 $358.13 $64,217.62
95 $64,217.62 $519.51 $0.00 $363.10 $65,100.23
96 $65,100.23 $519.51 $0.00 $368.09 $65,987.83
97 $65,987.83 $519.51 $0.00 $373.10 $66,880.44
98 $66,880.44 $519.51 $0.00 $378.15 $67,778.10
99 $67,778.10 $519.51 $0.00 $383.23 $68,680.84
100 $68,680.84 $519.51 $0.00 $388.33 $69,588.68
101 $69,588.68 $519.51 $0.00 $393.46 $70,501.65
102 $70,501.65 $519.51 $0.00 $398.63 $71,419.79
103 $71,419.79 $519.51 $0.00 $403.82 $72,343.12
104 $72,343.12 $519.51 $0.00 $409.04 $73,271.67
105 $73,271.67 $519.51 $0.00 $414.29 $74,205.47
106 $74,205.47 $519.51 $0.00 $419.57 $75,144.55
107 $75,144.55 $519.51 $0.00 $424.88 $76,088.94
108 $76,088.94 $519.51 $0.00 $430.22 $77,038.67
109 $77,038.67 $519.51 $0.00 $435.59 $77,993.77
110 $77,993.77 $519.51 $0.00 $440.99 $78,954.27
111 $78,954.27 $519.51 $0.00 $446.42 $79,920.20
112 $79,920.20 $519.51 $0.00 $451.88 $80,891.59
113 $80,891.59 $519.51 $0.00 $457.37 $81,868.47
114 $81,868.47 $519.51 $0.00 $462.90 $82,850.88
115 $82,850.88 $519.51 $0.00 $468.45 $83,838.84
116 $83,838.84 $519.51 $0.00 $474.04 $84,832.39
117 $84,832.39 $519.51 $0.00 $479.65 $85,831.55
118 $85,831.55 $519.51 $0.00 $485.30 $86,836.36
119 $86,836.36 $519.51 $0.00 $490.99 $87,846.86
120 $87,846.86 $519.51 $0.00 $496.70 $88,863.07
121 $88,863.07 $519.51 $0.00 $502.44 $89,885.02
122 $89,885.02 $519.51 $0.00 $508.22 $90,912.75
123 $90,912.75 $519.51 $0.00 $514.03 $91,946.29
124 $91,946.29 $519.51 $0.00 $519.88 $92,985.68
125 $92,985.68 $519.51 $0.00 $525.75 $94,030.94
126 $94,030.94 $519.51 $0.00 $531.66 $95,082.11
127 $95,082.11 $519.51 $0.00 $537.61 $96,139.23
128 $96,139.23 $519.51 $0.00 $543.59 $97,202.33
129 $97,202.33 $519.51 $0.00 $549.60 $98,271.44
130 $98,271.44 $519.51 $0.00 $555.64 $99,346.59
131 $99,346.59 $519.51 $0.00 $561.72 $100,427.82
132 $100,427.82 $519.51 $0.00 $567.83 $101,515.16
133 $101,515.16 $519.51 $0.00 $573.98 $102,608.65
134 $102,608.65 $519.51 $0.00 $580.16 $103,708.32
135 $103,708.32 $519.51 $0.00 $586.38 $104,814.21
136 $104,814.21 $519.51 $0.00 $592.63 $105,926.35
137 $105,926.35 $519.51 $0.00 $598.92 $107,044.78
138 $107,044.78 $519.51 $0.00 $605.25 $108,169.54
139 $108,169.54 $519.51 $0.00 $611.61 $109,300.66
140 $109,300.66 $519.51 $0.00 $618.00 $110,438.17
141 $110,438.17 $519.51 $0.00 $624.43 $111,582.11
142 $111,582.11 $519.51 $0.00 $630.90 $112,732.52
143 $112,732.52 $519.51 $0.00 $637.41 $113,889.44
144 $113,889.44 $519.51 $0.00 $643.95 $115,052.90
145 $115,052.90 $519.51 $0.00 $650.53 $116,222.94
146 $116,222.94 $519.51 $0.00 $657.14 $117,399.59
147 $117,399.59 $519.51 $0.00 $663.79 $118,582.89
148 $118,582.89 $519.51 $0.00 $670.48 $119,772.88
149 $119,772.88 $519.51 $0.00 $677.21 $120,969.60
150 $120,969.60 $519.51 $0.00 $683.98 $122,173.09
151 $122,173.09 $519.51 $0.00 $690.78 $123,383.38
152 $123,383.38 $519.51 $0.00 $697.63 $124,600.52
153 $124,600.52 $519.51 $0.00 $704.51 $125,824.54
154 $125,824.54 $519.51 $0.00 $711.43 $127,055.48
155 $127,055.48 $519.51 $0.00 $718.39 $128,293.38
156 $128,293.38 $519.51 $0.00 $725.39 $129,538.28
157 $129,538.28 $519.51 $0.00 $732.43 $130,790.22
158 $130,790.22 $519.51 $0.00 $739.51 $132,049.24
159 $132,049.24 $519.51 $0.00 $746.63 $133,315.38
160 $133,315.38 $519.51 $0.00 $753.78 $134,588.67
161 $134,588.67 $519.51 $0.00 $760.98 $135,869.16
162 $135,869.16 $519.51 $0.00 $768.22 $137,156.89
163 $137,156.89 $519.51 $0.00 $775.50 $138,451.90
164 $138,451.90 $519.51 $0.00 $782.83 $139,754.24
165 $139,754.24 $519.51 $0.00 $790.19 $141,063.94
166 $141,063.94 $519.51 $0.00 $797.60 $142,381.05
167 $142,381.05 $519.51 $0.00 $805.04 $143,705.60
168 $143,705.60 $519.51 $0.00 $812.53 $145,037.64
169 $145,037.64 $519.51 $0.00 $820.06 $146,377.21
170 $146,377.21 $519.51 $0.00 $827.64 $147,724.36
171 $147,724.36 $519.51 $0.00 $835.26 $149,079.13
172 $149,079.13 $519.51 $0.00 $842.92 $150,441.56
173 $150,441.56 $519.51 $0.00 $850.62 $151,811.69
174 $151,811.69 $519.51 $0.00 $858.37 $153,189.57
175 $153,189.57 $519.51 $0.00 $866.16 $154,575.24
176 $154,575.24 $519.51 $0.00 $873.99 $155,968.74
177 $155,968.74 $519.51 $0.00 $881.87 $157,370.12
178 $157,370.12 $519.51 $0.00 $889.79 $158,779.42
179 $158,779.42 $519.51 $0.00 $897.76 $160,196.69
180 $160,196.69 $519.51 $0.00 $905.78 $161,621.98
181 $161,621.98 $519.51 $0.00 $913.83 $163,055.32
182 $163,055.32 $519.51 $0.00 $921.94 $164,496.77
183 $164,496.77 $519.51 $0.00 $930.09 $165,946.37
184 $165,946.37 $519.51 $0.00 $938.28 $167,404.16
185 $167,404.16 $519.51 $0.00 $946.53 $168,870.20
186 $168,870.20 $519.51 $0.00 $954.82 $170,344.53
187 $170,344.53 $519.51 $0.00 $963.15 $171,827.19
188 $171,827.19 $519.51 $0.00 $971.54 $173,318.24
189 $173,318.24 $519.51 $0.00 $979.97 $174,817.72
190 $174,817.72 $519.51 $0.00 $988.44 $176,325.67
191 $176,325.67 $519.51 $0.00 $996.97 $177,842.15
192 $177,842.15 $519.51 $0.00 $1,005.55 $179,367.21
193 $179,367.21 $519.51 $0.00 $1,014.17 $180,900.89
194 $180,900.89 $519.51 $0.00 $1,022.84 $182,443.24
195 $182,443.24 $519.51 $0.00 $1,031.56 $183,994.31
196 $183,994.31 $519.51 $0.00 $1,040.33 $185,554.15
197 $185,554.15 $519.51 $0.00 $1,049.15 $187,122.81
198 $187,122.81 $519.51 $0.00 $1,058.02 $188,700.34
199 $188,700.34 $519.51 $0.00 $1,066.94 $190,286.79
200 $190,286.79 $519.51 $0.00 $1,075.91 $191,882.21
201 $191,882.21 $519.51 $0.00 $1,084.93 $193,486.65
202 $193,486.65 $519.51 $0.00 $1,094.00 $195,100.16
203 $195,100.16 $519.51 $0.00 $1,103.12 $196,722.79
204 $196,722.79 $519.51 $0.00 $1,112.30 $198,354.60
205 $198,354.60 $519.51 $0.00 $1,121.53 $199,995.64
206 $199,995.64 $519.51 $0.00 $1,130.80 $201,645.95
207 $201,645.95 $519.51 $0.00 $1,140.14 $203,305.60
208 $203,305.60 $519.51 $0.00 $1,149.52 $204,974.63
209 $204,974.63 $519.51 $0.00 $1,158.96 $206,653.10
210 $206,653.10 $519.51 $0.00 $1,168.45 $208,341.06
211 $208,341.06 $519.51 $0.00 $1,177.99 $210,038.56
212 $210,038.56 $519.51 $0.00 $1,187.59 $211,745.66
213 $211,745.66 $519.51 $0.00 $1,197.24 $213,462.41
214 $213,462.41 $519.51 $0.00 $1,206.95 $215,188.87
215 $215,188.87 $519.51 $0.00 $1,216.71 $216,925.09
216 $216,925.09 $519.51 $0.00 $1,226.53 $218,671.13
217 $218,671.13 $519.51 $60,906.72 $1,236.40 $159,520.32
218 $159,520.32 $519.51 $0.00 $901.95 $160,941.78
219 $160,941.78 $519.51 $0.00 $909.99 $162,371.28
220 $162,371.28 $519.51 $0.00 $918.07 $163,808.86
221 $163,808.86 $519.51 $0.00 $926.20 $165,254.57
222 $165,254.57 $519.51 $0.00 $934.37 $166,708.45
223 $166,708.45 $519.51 $0.00 $942.59 $168,170.55
224 $168,170.55 $519.51 $0.00 $950.86 $169,640.92
225 $169,640.92 $519.51 $0.00 $959.17 $171,119.60
226 $171,119.60 $519.51 $0.00 $967.54 $172,606.65
227 $172,606.65 $519.51 $0.00 $975.94 $174,102.10
228 $174,102.10 $519.51 $0.00 $984.40 $175,606.01
229 $175,606.01 $519.51 $63,952.06 $992.90 $113,166.36
230 $113,166.36 $519.51 $0.00 $639.86 $114,325.73
231 $114,325.73 $519.51 $0.00 $646.41 $115,491.65
232 $115,491.65 $519.51 $0.00 $653.01 $116,664.17
233 $116,664.17 $519.51 $0.00 $659.64 $117,843.32
234 $117,843.32 $519.51 $0.00 $666.30 $119,029.13
235 $119,029.13 $519.51 $0.00 $673.01 $120,221.65
236 $120,221.65 $519.51 $0.00 $679.75 $121,420.91
237 $121,420.91 $519.51 $0.00 $686.53 $122,626.95
238 $122,626.95 $519.51 $0.00 $693.35 $123,839.81
239 $123,839.81 $519.51 $0.00 $700.21 $125,059.53
240 $125,059.53 $519.51 $0.00 $707.10 $126,286.14
241 $126,286.14 $519.51 $67,149.66 $714.04 $60,370.03
242 $60,370.03 $519.51 $0.00 $341.34 $61,230.88
243 $61,230.88 $519.51 $0.00 $346.21 $62,096.60
244 $62,096.60 $519.51 $0.00 $351.10 $62,967.21
245 $62,967.21 $519.51 $0.00 $356.03 $63,842.75
246 $63,842.75 $519.51 $0.00 $360.98 $64,723.24
247 $64,723.24 $519.51 $0.00 $365.95 $65,608.70
248 $65,608.70 $519.51 $0.00 $370.96 $66,499.17
249 $66,499.17 $519.51 $0.00 $376.00 $67,394.68
250 $67,394.68 $519.51 $0.00 $381.06 $68,295.25
251 $68,295.25 $519.51 $0.00 $386.15 $69,200.91
252 $69,200.91 $519.51 $0.00 $391.27 $70,111.69
253 $70,111.69 $0.00 $70,507.14 $396.42 $0.97