Savings Plan and Future Cost Estimation for Hollins University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$147,657
Monthly savings required$1,169

How much will it cost to send your child to Hollins University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $590,628.92 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,168.84 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$56,940.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $1,168.84 $0.00 $0.00 $1,168.84
2 $1,168.84 $1,168.84 $0.00 $6.61 $2,344.29
3 $2,344.29 $1,168.84 $0.00 $13.25 $3,526.38
4 $3,526.38 $1,168.84 $0.00 $19.94 $4,715.16
5 $4,715.16 $1,168.84 $0.00 $26.66 $5,910.66
6 $5,910.66 $1,168.84 $0.00 $33.42 $7,112.92
7 $7,112.92 $1,168.84 $0.00 $40.22 $8,321.98
8 $8,321.98 $1,168.84 $0.00 $47.05 $9,537.87
9 $9,537.87 $1,168.84 $0.00 $53.93 $10,760.64
10 $10,760.64 $1,168.84 $0.00 $60.84 $11,990.32
11 $11,990.32 $1,168.84 $0.00 $67.80 $13,226.96
12 $13,226.96 $1,168.84 $0.00 $74.79 $14,470.59
13 $14,470.59 $1,168.84 $0.00 $81.82 $15,721.25
14 $15,721.25 $1,168.84 $0.00 $88.89 $16,978.98
15 $16,978.98 $1,168.84 $0.00 $96.00 $18,243.82
16 $18,243.82 $1,168.84 $0.00 $103.15 $19,515.81
17 $19,515.81 $1,168.84 $0.00 $110.35 $20,795.00
18 $20,795.00 $1,168.84 $0.00 $117.58 $22,081.42
19 $22,081.42 $1,168.84 $0.00 $124.85 $23,375.11
20 $23,375.11 $1,168.84 $0.00 $132.17 $24,676.12
21 $24,676.12 $1,168.84 $0.00 $139.52 $25,984.48
22 $25,984.48 $1,168.84 $0.00 $146.92 $27,300.24
23 $27,300.24 $1,168.84 $0.00 $154.36 $28,623.44
24 $28,623.44 $1,168.84 $0.00 $161.84 $29,954.12
25 $29,954.12 $1,168.84 $0.00 $169.36 $31,292.32
26 $31,292.32 $1,168.84 $0.00 $176.93 $32,638.09
27 $32,638.09 $1,168.84 $0.00 $184.54 $33,991.47
28 $33,991.47 $1,168.84 $0.00 $192.19 $35,352.50
29 $35,352.50 $1,168.84 $0.00 $199.89 $36,721.23
30 $36,721.23 $1,168.84 $0.00 $207.63 $38,097.70
31 $38,097.70 $1,168.84 $0.00 $215.41 $39,481.95
32 $39,481.95 $1,168.84 $0.00 $223.24 $40,874.03
33 $40,874.03 $1,168.84 $0.00 $231.11 $42,273.98
34 $42,273.98 $1,168.84 $0.00 $239.02 $43,681.84
35 $43,681.84 $1,168.84 $0.00 $246.98 $45,097.66
36 $45,097.66 $1,168.84 $0.00 $254.99 $46,521.49
37 $46,521.49 $1,168.84 $0.00 $263.04 $47,953.37
38 $47,953.37 $1,168.84 $0.00 $271.14 $49,393.35
39 $49,393.35 $1,168.84 $0.00 $279.28 $50,841.47
40 $50,841.47 $1,168.84 $0.00 $287.47 $52,297.78
41 $52,297.78 $1,168.84 $0.00 $295.70 $53,762.32
42 $53,762.32 $1,168.84 $0.00 $303.98 $55,235.14
43 $55,235.14 $1,168.84 $0.00 $312.31 $56,716.29
44 $56,716.29 $1,168.84 $0.00 $320.68 $58,205.81
45 $58,205.81 $1,168.84 $0.00 $329.10 $59,703.75
46 $59,703.75 $1,168.84 $0.00 $337.57 $61,210.16
47 $61,210.16 $1,168.84 $0.00 $346.09 $62,725.09
48 $62,725.09 $1,168.84 $0.00 $354.66 $64,248.59
49 $64,248.59 $1,168.84 $0.00 $363.27 $65,780.70
50 $65,780.70 $1,168.84 $0.00 $371.93 $67,321.47
51 $67,321.47 $1,168.84 $0.00 $380.65 $68,870.96
52 $68,870.96 $1,168.84 $0.00 $389.41 $70,429.21
53 $70,429.21 $1,168.84 $0.00 $398.22 $71,996.27
54 $71,996.27 $1,168.84 $0.00 $407.08 $73,572.19
55 $73,572.19 $1,168.84 $0.00 $415.99 $75,157.02
56 $75,157.02 $1,168.84 $0.00 $424.95 $76,750.81
57 $76,750.81 $1,168.84 $0.00 $433.96 $78,353.61
58 $78,353.61 $1,168.84 $0.00 $443.02 $79,965.47
59 $79,965.47 $1,168.84 $0.00 $452.14 $81,586.45
60 $81,586.45 $1,168.84 $0.00 $461.30 $83,216.59
61 $83,216.59 $1,168.84 $0.00 $470.52 $84,855.95
62 $84,855.95 $1,168.84 $0.00 $479.79 $86,504.58
63 $86,504.58 $1,168.84 $0.00 $489.11 $88,162.53
64 $88,162.53 $1,168.84 $0.00 $498.48 $89,829.85
65 $89,829.85 $1,168.84 $0.00 $507.91 $91,506.60
66 $91,506.60 $1,168.84 $0.00 $517.39 $93,192.83
67 $93,192.83 $1,168.84 $0.00 $526.93 $94,888.60
68 $94,888.60 $1,168.84 $0.00 $536.51 $96,593.95
69 $96,593.95 $1,168.84 $0.00 $546.16 $98,308.95
70 $98,308.95 $1,168.84 $0.00 $555.85 $100,033.64
71 $100,033.64 $1,168.84 $0.00 $565.60 $101,768.08
72 $101,768.08 $1,168.84 $0.00 $575.41 $103,512.33
73 $103,512.33 $1,168.84 $0.00 $585.27 $105,266.44
74 $105,266.44 $1,168.84 $0.00 $595.19 $107,030.47
75 $107,030.47 $1,168.84 $0.00 $605.17 $108,804.48
76 $108,804.48 $1,168.84 $0.00 $615.20 $110,588.52
77 $110,588.52 $1,168.84 $0.00 $625.28 $112,382.64
78 $112,382.64 $1,168.84 $0.00 $635.43 $114,186.91
79 $114,186.91 $1,168.84 $0.00 $645.63 $116,001.38
80 $116,001.38 $1,168.84 $0.00 $655.89 $117,826.11
81 $117,826.11 $1,168.84 $0.00 $666.21 $119,661.16
82 $119,661.16 $1,168.84 $0.00 $676.58 $121,506.58
83 $121,506.58 $1,168.84 $0.00 $687.02 $123,362.44
84 $123,362.44 $1,168.84 $0.00 $697.51 $125,228.79
85 $125,228.79 $1,168.84 $0.00 $708.06 $127,105.69
86 $127,105.69 $1,168.84 $0.00 $718.67 $128,993.20
87 $128,993.20 $1,168.84 $0.00 $729.35 $130,891.39
88 $130,891.39 $1,168.84 $0.00 $740.08 $132,800.31
89 $132,800.31 $1,168.84 $0.00 $750.87 $134,720.02
90 $134,720.02 $1,168.84 $0.00 $761.73 $136,650.59
91 $136,650.59 $1,168.84 $0.00 $772.64 $138,592.07
92 $138,592.07 $1,168.84 $0.00 $783.62 $140,544.53
93 $140,544.53 $1,168.84 $0.00 $794.66 $142,508.03
94 $142,508.03 $1,168.84 $0.00 $805.76 $144,482.63
95 $144,482.63 $1,168.84 $0.00 $816.93 $146,468.40
96 $146,468.40 $1,168.84 $0.00 $828.15 $148,465.39
97 $148,465.39 $1,168.84 $0.00 $839.44 $150,473.67
98 $150,473.67 $1,168.84 $0.00 $850.80 $152,493.31
99 $152,493.31 $1,168.84 $0.00 $862.22 $154,524.37
100 $154,524.37 $1,168.84 $0.00 $873.70 $156,566.91
101 $156,566.91 $1,168.84 $0.00 $885.25 $158,621.00
102 $158,621.00 $1,168.84 $0.00 $896.87 $160,686.71
103 $160,686.71 $1,168.84 $0.00 $908.55 $162,764.10
104 $162,764.10 $1,168.84 $0.00 $920.29 $164,853.23
105 $164,853.23 $1,168.84 $0.00 $932.10 $166,954.17
106 $166,954.17 $1,168.84 $0.00 $943.98 $169,066.99
107 $169,066.99 $1,168.84 $0.00 $955.93 $171,191.76
108 $171,191.76 $1,168.84 $0.00 $967.94 $173,328.54
109 $173,328.54 $1,168.84 $0.00 $980.02 $175,477.40
110 $175,477.40 $1,168.84 $0.00 $992.17 $177,638.41
111 $177,638.41 $1,168.84 $0.00 $1,004.39 $179,811.64
112 $179,811.64 $1,168.84 $0.00 $1,016.68 $181,997.16
113 $181,997.16 $1,168.84 $0.00 $1,029.04 $184,195.04
114 $184,195.04 $1,168.84 $0.00 $1,041.47 $186,405.35
115 $186,405.35 $1,168.84 $0.00 $1,053.96 $188,628.15
116 $188,628.15 $1,168.84 $0.00 $1,066.53 $190,863.52
117 $190,863.52 $1,168.84 $0.00 $1,079.17 $193,111.53
118 $193,111.53 $1,168.84 $0.00 $1,091.88 $195,372.25
119 $195,372.25 $1,168.84 $0.00 $1,104.66 $197,645.75
120 $197,645.75 $1,168.84 $0.00 $1,117.52 $199,932.11
121 $199,932.11 $1,168.84 $0.00 $1,130.45 $202,231.40
122 $202,231.40 $1,168.84 $0.00 $1,143.45 $204,543.69
123 $204,543.69 $1,168.84 $0.00 $1,156.52 $206,869.05
124 $206,869.05 $1,168.84 $0.00 $1,169.67 $209,207.56
125 $209,207.56 $1,168.84 $0.00 $1,182.89 $211,559.29
126 $211,559.29 $1,168.84 $0.00 $1,196.19 $213,924.32
127 $213,924.32 $1,168.84 $0.00 $1,209.56 $216,302.72
128 $216,302.72 $1,168.84 $0.00 $1,223.01 $218,694.57
129 $218,694.57 $1,168.84 $0.00 $1,236.53 $221,099.94
130 $221,099.94 $1,168.84 $0.00 $1,250.13 $223,518.91
131 $223,518.91 $1,168.84 $0.00 $1,263.81 $225,951.56
132 $225,951.56 $1,168.84 $0.00 $1,277.56 $228,397.96
133 $228,397.96 $1,168.84 $0.00 $1,291.40 $230,858.20
134 $230,858.20 $1,168.84 $0.00 $1,305.31 $233,332.35
135 $233,332.35 $1,168.84 $0.00 $1,319.30 $235,820.49
136 $235,820.49 $1,168.84 $0.00 $1,333.36 $238,322.69
137 $238,322.69 $1,168.84 $0.00 $1,347.51 $240,839.04
138 $240,839.04 $1,168.84 $0.00 $1,361.74 $243,369.62
139 $243,369.62 $1,168.84 $0.00 $1,376.05 $245,914.51
140 $245,914.51 $1,168.84 $0.00 $1,390.44 $248,473.79
141 $248,473.79 $1,168.84 $0.00 $1,404.91 $251,047.54
142 $251,047.54 $1,168.84 $0.00 $1,419.46 $253,635.84
143 $253,635.84 $1,168.84 $0.00 $1,434.09 $256,238.77
144 $256,238.77 $1,168.84 $0.00 $1,448.81 $258,856.42
145 $258,856.42 $1,168.84 $0.00 $1,463.61 $261,488.87
146 $261,488.87 $1,168.84 $0.00 $1,478.50 $264,136.21
147 $264,136.21 $1,168.84 $0.00 $1,493.46 $266,798.51
148 $266,798.51 $1,168.84 $0.00 $1,508.52 $269,475.87
149 $269,475.87 $1,168.84 $0.00 $1,523.66 $272,168.37
150 $272,168.37 $1,168.84 $0.00 $1,538.88 $274,876.09
151 $274,876.09 $1,168.84 $0.00 $1,554.19 $277,599.12
152 $277,599.12 $1,168.84 $0.00 $1,569.59 $280,337.55
153 $280,337.55 $1,168.84 $0.00 $1,585.07 $283,091.46
154 $283,091.46 $1,168.84 $0.00 $1,600.64 $285,860.94
155 $285,860.94 $1,168.84 $0.00 $1,616.30 $288,646.08
156 $288,646.08 $1,168.84 $0.00 $1,632.05 $291,446.97
157 $291,446.97 $1,168.84 $0.00 $1,647.88 $294,263.69
158 $294,263.69 $1,168.84 $0.00 $1,663.81 $297,096.34
159 $297,096.34 $1,168.84 $0.00 $1,679.83 $299,945.01
160 $299,945.01 $1,168.84 $0.00 $1,695.93 $302,809.78
161 $302,809.78 $1,168.84 $0.00 $1,712.13 $305,690.75
162 $305,690.75 $1,168.84 $0.00 $1,728.42 $308,588.01
163 $308,588.01 $1,168.84 $0.00 $1,744.80 $311,501.65
164 $311,501.65 $1,168.84 $0.00 $1,761.28 $314,431.77
165 $314,431.77 $1,168.84 $0.00 $1,777.84 $317,378.45
166 $317,378.45 $1,168.84 $0.00 $1,794.50 $320,341.79
167 $320,341.79 $1,168.84 $0.00 $1,811.26 $323,321.89
168 $323,321.89 $1,168.84 $0.00 $1,828.11 $326,318.84
169 $326,318.84 $1,168.84 $0.00 $1,845.05 $329,332.73
170 $329,332.73 $1,168.84 $0.00 $1,862.10 $332,363.67
171 $332,363.67 $1,168.84 $0.00 $1,879.23 $335,411.74
172 $335,411.74 $1,168.84 $0.00 $1,896.47 $338,477.05
173 $338,477.05 $1,168.84 $0.00 $1,913.80 $341,559.69
174 $341,559.69 $1,168.84 $0.00 $1,931.23 $344,659.76
175 $344,659.76 $1,168.84 $0.00 $1,948.76 $347,777.36
176 $347,777.36 $1,168.84 $0.00 $1,966.38 $350,912.58
177 $350,912.58 $1,168.84 $0.00 $1,984.11 $354,065.53
178 $354,065.53 $1,168.84 $0.00 $2,001.94 $357,236.31
179 $357,236.31 $1,168.84 $0.00 $2,019.87 $360,425.02
180 $360,425.02 $1,168.84 $0.00 $2,037.90 $363,631.76
181 $363,631.76 $1,168.84 $0.00 $2,056.03 $366,856.63
182 $366,856.63 $1,168.84 $0.00 $2,074.26 $370,099.73
183 $370,099.73 $1,168.84 $0.00 $2,092.60 $373,361.17
184 $373,361.17 $1,168.84 $0.00 $2,111.04 $376,641.05
185 $376,641.05 $1,168.84 $0.00 $2,129.58 $379,939.47
186 $379,939.47 $1,168.84 $0.00 $2,148.23 $383,256.54
187 $383,256.54 $1,168.84 $0.00 $2,166.99 $386,592.37
188 $386,592.37 $1,168.84 $0.00 $2,185.85 $389,947.06
189 $389,947.06 $1,168.84 $0.00 $2,204.82 $393,320.72
190 $393,320.72 $1,168.84 $0.00 $2,223.89 $396,713.45
191 $396,713.45 $1,168.84 $0.00 $2,243.08 $400,125.37
192 $400,125.37 $1,168.84 $0.00 $2,262.37 $403,556.58
193 $403,556.58 $1,168.84 $0.00 $2,281.77 $407,007.19
194 $407,007.19 $1,168.84 $0.00 $2,301.28 $410,477.31
195 $410,477.31 $1,168.84 $0.00 $2,320.90 $413,967.05
196 $413,967.05 $1,168.84 $0.00 $2,340.63 $417,476.52
197 $417,476.52 $1,168.84 $0.00 $2,360.47 $421,005.83
198 $421,005.83 $1,168.84 $0.00 $2,380.43 $424,555.10
199 $424,555.10 $1,168.84 $0.00 $2,400.50 $428,124.44
200 $428,124.44 $1,168.84 $0.00 $2,420.68 $431,713.96
201 $431,713.96 $1,168.84 $0.00 $2,440.97 $435,323.77
202 $435,323.77 $1,168.84 $0.00 $2,461.38 $438,953.99
203 $438,953.99 $1,168.84 $0.00 $2,481.91 $442,604.74
204 $442,604.74 $1,168.84 $0.00 $2,502.55 $446,276.13
205 $446,276.13 $1,168.84 $0.00 $2,523.31 $449,968.28
206 $449,968.28 $1,168.84 $0.00 $2,544.19 $453,681.31
207 $453,681.31 $1,168.84 $0.00 $2,565.18 $457,415.33
208 $457,415.33 $1,168.84 $0.00 $2,586.29 $461,170.46
209 $461,170.46 $1,168.84 $0.00 $2,607.52 $464,946.82
210 $464,946.82 $1,168.84 $0.00 $2,628.88 $468,744.54
211 $468,744.54 $1,168.84 $0.00 $2,650.35 $472,563.73
212 $472,563.73 $1,168.84 $0.00 $2,671.94 $476,404.51
213 $476,404.51 $1,168.84 $0.00 $2,693.66 $480,267.01
214 $480,267.01 $1,168.84 $0.00 $2,715.50 $484,151.35
215 $484,151.35 $1,168.84 $0.00 $2,737.46 $488,057.65
216 $488,057.65 $1,168.84 $0.00 $2,759.55 $491,986.04
217 $491,986.04 $1,168.84 $137,032.90 $2,781.76 $358,903.74
218 $358,903.74 $1,168.84 $0.00 $2,029.29 $362,101.87
219 $362,101.87 $1,168.84 $0.00 $2,047.38 $365,318.09
220 $365,318.09 $1,168.84 $0.00 $2,065.56 $368,552.49
221 $368,552.49 $1,168.84 $0.00 $2,083.85 $371,805.18
222 $371,805.18 $1,168.84 $0.00 $2,102.24 $375,076.26
223 $375,076.26 $1,168.84 $0.00 $2,120.74 $378,365.84
224 $378,365.84 $1,168.84 $0.00 $2,139.34 $381,674.02
225 $381,674.02 $1,168.84 $0.00 $2,158.04 $385,000.90
226 $385,000.90 $1,168.84 $0.00 $2,176.85 $388,346.59
227 $388,346.59 $1,168.84 $0.00 $2,195.77 $391,711.20
228 $391,711.20 $1,168.84 $0.00 $2,214.79 $395,094.83
229 $395,094.83 $1,168.84 $143,884.54 $2,233.92 $254,613.05
230 $254,613.05 $1,168.84 $0.00 $1,439.62 $257,221.51
231 $257,221.51 $1,168.84 $0.00 $1,454.37 $259,844.72
232 $259,844.72 $1,168.84 $0.00 $1,469.20 $262,482.76
233 $262,482.76 $1,168.84 $0.00 $1,484.12 $265,135.72
234 $265,135.72 $1,168.84 $0.00 $1,499.12 $267,803.68
235 $267,803.68 $1,168.84 $0.00 $1,514.20 $270,486.72
236 $270,486.72 $1,168.84 $0.00 $1,529.37 $273,184.93
237 $273,184.93 $1,168.84 $0.00 $1,544.63 $275,898.40
238 $275,898.40 $1,168.84 $0.00 $1,559.97 $278,627.21
239 $278,627.21 $1,168.84 $0.00 $1,575.40 $281,371.45
240 $281,371.45 $1,168.84 $0.00 $1,590.92 $284,131.21
241 $284,131.21 $1,168.84 $151,078.77 $1,606.52 $135,827.80
242 $135,827.80 $1,168.84 $0.00 $767.99 $137,764.63
243 $137,764.63 $1,168.84 $0.00 $778.94 $139,712.41
244 $139,712.41 $1,168.84 $0.00 $789.95 $141,671.20
245 $141,671.20 $1,168.84 $0.00 $801.03 $143,641.07
246 $143,641.07 $1,168.84 $0.00 $812.17 $145,622.08
247 $145,622.08 $1,168.84 $0.00 $823.37 $147,614.29
248 $147,614.29 $1,168.84 $0.00 $834.63 $149,617.76
249 $149,617.76 $1,168.84 $0.00 $845.96 $151,632.56
250 $151,632.56 $1,168.84 $0.00 $857.35 $153,658.75
251 $153,658.75 $1,168.84 $0.00 $868.81 $155,696.40
252 $155,696.40 $1,168.84 $0.00 $880.33 $157,745.57
253 $157,745.57 $0.00 $158,632.71 $891.92 $4.78