Savings Plan and Future Cost Estimation for University of Lynchburg

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$189,872
Monthly savings required$1,501

How much will it cost to send your child to University of Lynchburg in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $759,489.42 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,500.60 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$50,610.00
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 $1,500.60 $0.00 $0.00 $1,500.60
2 $1,500.60 $1,500.60 $0.00 $8.48 $3,009.68
3 $3,009.68 $1,500.60 $0.00 $17.02 $4,527.30
4 $4,527.30 $1,500.60 $0.00 $25.60 $6,053.50
5 $6,053.50 $1,500.60 $0.00 $34.23 $7,588.33
6 $7,588.33 $1,500.60 $0.00 $42.91 $9,131.84
7 $9,131.84 $1,500.60 $0.00 $51.63 $10,684.07
8 $10,684.07 $1,500.60 $0.00 $60.41 $12,245.08
9 $12,245.08 $1,500.60 $0.00 $69.24 $13,814.92
10 $13,814.92 $1,500.60 $0.00 $78.11 $15,393.63
11 $15,393.63 $1,500.60 $0.00 $87.04 $16,981.27
12 $16,981.27 $1,500.60 $0.00 $96.01 $18,577.88
13 $18,577.88 $1,500.60 $0.00 $105.04 $20,183.52
14 $20,183.52 $1,500.60 $0.00 $114.12 $21,798.24
15 $21,798.24 $1,500.60 $0.00 $123.25 $23,422.09
16 $23,422.09 $1,500.60 $0.00 $132.43 $25,055.12
17 $25,055.12 $1,500.60 $0.00 $141.67 $26,697.39
18 $26,697.39 $1,500.60 $0.00 $150.95 $28,348.94
19 $28,348.94 $1,500.60 $0.00 $160.29 $30,009.83
20 $30,009.83 $1,500.60 $0.00 $169.68 $31,680.11
21 $31,680.11 $1,500.60 $0.00 $179.12 $33,359.83
22 $33,359.83 $1,500.60 $0.00 $188.62 $35,049.05
23 $35,049.05 $1,500.60 $0.00 $198.17 $36,747.82
24 $36,747.82 $1,500.60 $0.00 $207.78 $38,456.20
25 $38,456.20 $1,500.60 $0.00 $217.44 $40,174.24
26 $40,174.24 $1,500.60 $0.00 $227.15 $41,901.99
27 $41,901.99 $1,500.60 $0.00 $236.92 $43,639.51
28 $43,639.51 $1,500.60 $0.00 $246.74 $45,386.85
29 $45,386.85 $1,500.60 $0.00 $256.62 $47,144.07
30 $47,144.07 $1,500.60 $0.00 $266.56 $48,911.23
31 $48,911.23 $1,500.60 $0.00 $276.55 $50,688.38
32 $50,688.38 $1,500.60 $0.00 $286.60 $52,475.58
33 $52,475.58 $1,500.60 $0.00 $296.70 $54,272.88
34 $54,272.88 $1,500.60 $0.00 $306.87 $56,080.35
35 $56,080.35 $1,500.60 $0.00 $317.09 $57,898.04
36 $57,898.04 $1,500.60 $0.00 $327.36 $59,726.00
37 $59,726.00 $1,500.60 $0.00 $337.70 $61,564.30
38 $61,564.30 $1,500.60 $0.00 $348.09 $63,412.99
39 $63,412.99 $1,500.60 $0.00 $358.55 $65,272.14
40 $65,272.14 $1,500.60 $0.00 $369.06 $67,141.80
41 $67,141.80 $1,500.60 $0.00 $379.63 $69,022.03
42 $69,022.03 $1,500.60 $0.00 $390.26 $70,912.89
43 $70,912.89 $1,500.60 $0.00 $400.95 $72,814.44
44 $72,814.44 $1,500.60 $0.00 $411.70 $74,726.74
45 $74,726.74 $1,500.60 $0.00 $422.52 $76,649.86
46 $76,649.86 $1,500.60 $0.00 $433.39 $78,583.85
47 $78,583.85 $1,500.60 $0.00 $444.32 $80,528.77
48 $80,528.77 $1,500.60 $0.00 $455.32 $82,484.69
49 $82,484.69 $1,500.60 $0.00 $466.38 $84,451.67
50 $84,451.67 $1,500.60 $0.00 $477.50 $86,429.77
51 $86,429.77 $1,500.60 $0.00 $488.69 $88,419.06
52 $88,419.06 $1,500.60 $0.00 $499.93 $90,419.59
53 $90,419.59 $1,500.60 $0.00 $511.25 $92,431.44
54 $92,431.44 $1,500.60 $0.00 $522.62 $94,454.66
55 $94,454.66 $1,500.60 $0.00 $534.06 $96,489.32
56 $96,489.32 $1,500.60 $0.00 $545.56 $98,535.48
57 $98,535.48 $1,500.60 $0.00 $557.13 $100,593.21
58 $100,593.21 $1,500.60 $0.00 $568.77 $102,662.58
59 $102,662.58 $1,500.60 $0.00 $580.47 $104,743.65
60 $104,743.65 $1,500.60 $0.00 $592.24 $106,836.49
61 $106,836.49 $1,500.60 $0.00 $604.07 $108,941.16
62 $108,941.16 $1,500.60 $0.00 $615.97 $111,057.73
63 $111,057.73 $1,500.60 $0.00 $627.94 $113,186.27
64 $113,186.27 $1,500.60 $0.00 $639.97 $115,326.84
65 $115,326.84 $1,500.60 $0.00 $652.07 $117,479.51
66 $117,479.51 $1,500.60 $0.00 $664.25 $119,644.36
67 $119,644.36 $1,500.60 $0.00 $676.49 $121,821.45
68 $121,821.45 $1,500.60 $0.00 $688.80 $124,010.85
69 $124,010.85 $1,500.60 $0.00 $701.18 $126,212.63
70 $126,212.63 $1,500.60 $0.00 $713.62 $128,426.85
71 $128,426.85 $1,500.60 $0.00 $726.14 $130,653.59
72 $130,653.59 $1,500.60 $0.00 $738.73 $132,892.92
73 $132,892.92 $1,500.60 $0.00 $751.40 $135,144.92
74 $135,144.92 $1,500.60 $0.00 $764.13 $137,409.65
75 $137,409.65 $1,500.60 $0.00 $776.93 $139,687.18
76 $139,687.18 $1,500.60 $0.00 $789.81 $141,977.59
77 $141,977.59 $1,500.60 $0.00 $802.76 $144,280.95
78 $144,280.95 $1,500.60 $0.00 $815.79 $146,597.34
79 $146,597.34 $1,500.60 $0.00 $828.88 $148,926.82
80 $148,926.82 $1,500.60 $0.00 $842.05 $151,269.47
81 $151,269.47 $1,500.60 $0.00 $855.30 $153,625.37
82 $153,625.37 $1,500.60 $0.00 $868.62 $155,994.59
83 $155,994.59 $1,500.60 $0.00 $882.02 $158,377.21
84 $158,377.21 $1,500.60 $0.00 $895.49 $160,773.30
85 $160,773.30 $1,500.60 $0.00 $909.04 $163,182.94
86 $163,182.94 $1,500.60 $0.00 $922.66 $165,606.20
87 $165,606.20 $1,500.60 $0.00 $936.36 $168,043.16
88 $168,043.16 $1,500.60 $0.00 $950.14 $170,493.90
89 $170,493.90 $1,500.60 $0.00 $964.00 $172,958.50
90 $172,958.50 $1,500.60 $0.00 $977.93 $175,437.03
91 $175,437.03 $1,500.60 $0.00 $991.95 $177,929.58
92 $177,929.58 $1,500.60 $0.00 $1,006.04 $180,436.22
93 $180,436.22 $1,500.60 $0.00 $1,020.21 $182,957.03
94 $182,957.03 $1,500.60 $0.00 $1,034.47 $185,492.10
95 $185,492.10 $1,500.60 $0.00 $1,048.80 $188,041.50
96 $188,041.50 $1,500.60 $0.00 $1,063.21 $190,605.31
97 $190,605.31 $1,500.60 $0.00 $1,077.71 $193,183.62
98 $193,183.62 $1,500.60 $0.00 $1,092.29 $195,776.51
99 $195,776.51 $1,500.60 $0.00 $1,106.95 $198,384.06
100 $198,384.06 $1,500.60 $0.00 $1,121.69 $201,006.35
101 $201,006.35 $1,500.60 $0.00 $1,136.52 $203,643.47
102 $203,643.47 $1,500.60 $0.00 $1,151.43 $206,295.50
103 $206,295.50 $1,500.60 $0.00 $1,166.42 $208,962.52
104 $208,962.52 $1,500.60 $0.00 $1,181.50 $211,644.62
105 $211,644.62 $1,500.60 $0.00 $1,196.67 $214,341.89
106 $214,341.89 $1,500.60 $0.00 $1,211.92 $217,054.41
107 $217,054.41 $1,500.60 $0.00 $1,227.26 $219,782.27
108 $219,782.27 $1,500.60 $0.00 $1,242.68 $222,525.55
109 $222,525.55 $1,500.60 $0.00 $1,258.19 $225,284.34
110 $225,284.34 $1,500.60 $0.00 $1,273.79 $228,058.73
111 $228,058.73 $1,500.60 $0.00 $1,289.48 $230,848.81
112 $230,848.81 $1,500.60 $0.00 $1,305.25 $233,654.66
113 $233,654.66 $1,500.60 $0.00 $1,321.12 $236,476.38
114 $236,476.38 $1,500.60 $0.00 $1,337.07 $239,314.05
115 $239,314.05 $1,500.60 $0.00 $1,353.12 $242,167.77
116 $242,167.77 $1,500.60 $0.00 $1,369.25 $245,037.62
117 $245,037.62 $1,500.60 $0.00 $1,385.48 $247,923.70
118 $247,923.70 $1,500.60 $0.00 $1,401.80 $250,826.10
119 $250,826.10 $1,500.60 $0.00 $1,418.21 $253,744.91
120 $253,744.91 $1,500.60 $0.00 $1,434.71 $256,680.22
121 $256,680.22 $1,500.60 $0.00 $1,451.31 $259,632.13
122 $259,632.13 $1,500.60 $0.00 $1,468.00 $262,600.73
123 $262,600.73 $1,500.60 $0.00 $1,484.78 $265,586.11
124 $265,586.11 $1,500.60 $0.00 $1,501.66 $268,588.37
125 $268,588.37 $1,500.60 $0.00 $1,518.64 $271,607.61
126 $271,607.61 $1,500.60 $0.00 $1,535.71 $274,643.92
127 $274,643.92 $1,500.60 $0.00 $1,552.88 $277,697.40
128 $277,697.40 $1,500.60 $0.00 $1,570.14 $280,768.14
129 $280,768.14 $1,500.60 $0.00 $1,587.50 $283,856.24
130 $283,856.24 $1,500.60 $0.00 $1,604.96 $286,961.80
131 $286,961.80 $1,500.60 $0.00 $1,622.52 $290,084.92
132 $290,084.92 $1,500.60 $0.00 $1,640.18 $293,225.70
133 $293,225.70 $1,500.60 $0.00 $1,657.94 $296,384.24
134 $296,384.24 $1,500.60 $0.00 $1,675.80 $299,560.64
135 $299,560.64 $1,500.60 $0.00 $1,693.76 $302,755.00
136 $302,755.00 $1,500.60 $0.00 $1,711.82 $305,967.42
137 $305,967.42 $1,500.60 $0.00 $1,729.98 $309,198.00
138 $309,198.00 $1,500.60 $0.00 $1,748.25 $312,446.85
139 $312,446.85 $1,500.60 $0.00 $1,766.62 $315,714.07
140 $315,714.07 $1,500.60 $0.00 $1,785.09 $318,999.76
141 $318,999.76 $1,500.60 $0.00 $1,803.67 $322,304.03
142 $322,304.03 $1,500.60 $0.00 $1,822.35 $325,626.98
143 $325,626.98 $1,500.60 $0.00 $1,841.14 $328,968.72
144 $328,968.72 $1,500.60 $0.00 $1,860.04 $332,329.36
145 $332,329.36 $1,500.60 $0.00 $1,879.04 $335,709.00
146 $335,709.00 $1,500.60 $0.00 $1,898.15 $339,107.75
147 $339,107.75 $1,500.60 $0.00 $1,917.36 $342,525.71
148 $342,525.71 $1,500.60 $0.00 $1,936.69 $345,963.00
149 $345,963.00 $1,500.60 $0.00 $1,956.13 $349,419.73
150 $349,419.73 $1,500.60 $0.00 $1,975.67 $352,896.00
151 $352,896.00 $1,500.60 $0.00 $1,995.33 $356,391.93
152 $356,391.93 $1,500.60 $0.00 $2,015.09 $359,907.62
153 $359,907.62 $1,500.60 $0.00 $2,034.97 $363,443.19
154 $363,443.19 $1,500.60 $0.00 $2,054.96 $366,998.75
155 $366,998.75 $1,500.60 $0.00 $2,075.06 $370,574.41
156 $370,574.41 $1,500.60 $0.00 $2,095.28 $374,170.29
157 $374,170.29 $1,500.60 $0.00 $2,115.61 $377,786.50
158 $377,786.50 $1,500.60 $0.00 $2,136.06 $381,423.16
159 $381,423.16 $1,500.60 $0.00 $2,156.62 $385,080.38
160 $385,080.38 $1,500.60 $0.00 $2,177.30 $388,758.28
161 $388,758.28 $1,500.60 $0.00 $2,198.10 $392,456.98
162 $392,456.98 $1,500.60 $0.00 $2,219.01 $396,176.59
163 $396,176.59 $1,500.60 $0.00 $2,240.04 $399,917.23
164 $399,917.23 $1,500.60 $0.00 $2,261.19 $403,679.02
165 $403,679.02 $1,500.60 $0.00 $2,282.46 $407,462.08
166 $407,462.08 $1,500.60 $0.00 $2,303.85 $411,266.53
167 $411,266.53 $1,500.60 $0.00 $2,325.36 $415,092.49
168 $415,092.49 $1,500.60 $0.00 $2,346.99 $418,940.08
169 $418,940.08 $1,500.60 $0.00 $2,368.75 $422,809.43
170 $422,809.43 $1,500.60 $0.00 $2,390.63 $426,700.66
171 $426,700.66 $1,500.60 $0.00 $2,412.63 $430,613.89
172 $430,613.89 $1,500.60 $0.00 $2,434.75 $434,549.24
173 $434,549.24 $1,500.60 $0.00 $2,457.00 $438,506.84
174 $438,506.84 $1,500.60 $0.00 $2,479.38 $442,486.82
175 $442,486.82 $1,500.60 $0.00 $2,501.88 $446,489.30
176 $446,489.30 $1,500.60 $0.00 $2,524.52 $450,514.42
177 $450,514.42 $1,500.60 $0.00 $2,547.27 $454,562.29
178 $454,562.29 $1,500.60 $0.00 $2,570.16 $458,633.05
179 $458,633.05 $1,500.60 $0.00 $2,593.18 $462,726.83
180 $462,726.83 $1,500.60 $0.00 $2,616.32 $466,843.75
181 $466,843.75 $1,500.60 $0.00 $2,639.60 $470,983.95
182 $470,983.95 $1,500.60 $0.00 $2,663.01 $475,147.56
183 $475,147.56 $1,500.60 $0.00 $2,686.55 $479,334.71
184 $479,334.71 $1,500.60 $0.00 $2,710.23 $483,545.54
185 $483,545.54 $1,500.60 $0.00 $2,734.04 $487,780.18
186 $487,780.18 $1,500.60 $0.00 $2,757.98 $492,038.76
187 $492,038.76 $1,500.60 $0.00 $2,782.06 $496,321.42
188 $496,321.42 $1,500.60 $0.00 $2,806.27 $500,628.29
189 $500,628.29 $1,500.60 $0.00 $2,830.63 $504,959.52
190 $504,959.52 $1,500.60 $0.00 $2,855.11 $509,315.23
191 $509,315.23 $1,500.60 $0.00 $2,879.74 $513,695.57
192 $513,695.57 $1,500.60 $0.00 $2,904.51 $518,100.68
193 $518,100.68 $1,500.60 $0.00 $2,929.42 $522,530.70
194 $522,530.70 $1,500.60 $0.00 $2,954.46 $526,985.76
195 $526,985.76 $1,500.60 $0.00 $2,979.65 $531,466.01
196 $531,466.01 $1,500.60 $0.00 $3,004.99 $535,971.60
197 $535,971.60 $1,500.60 $0.00 $3,030.46 $540,502.66
198 $540,502.66 $1,500.60 $0.00 $3,056.08 $545,059.34
199 $545,059.34 $1,500.60 $0.00 $3,081.84 $549,641.78
200 $549,641.78 $1,500.60 $0.00 $3,107.75 $554,250.13
201 $554,250.13 $1,500.60 $0.00 $3,133.81 $558,884.54
202 $558,884.54 $1,500.60 $0.00 $3,160.01 $563,545.15
203 $563,545.15 $1,500.60 $0.00 $3,186.37 $568,232.12
204 $568,232.12 $1,500.60 $0.00 $3,212.87 $572,945.59
205 $572,945.59 $1,500.60 $0.00 $3,239.52 $577,685.71
206 $577,685.71 $1,500.60 $0.00 $3,266.32 $582,452.63
207 $582,452.63 $1,500.60 $0.00 $3,293.27 $587,246.50
208 $587,246.50 $1,500.60 $0.00 $3,320.38 $592,067.48
209 $592,067.48 $1,500.60 $0.00 $3,347.64 $596,915.72
210 $596,915.72 $1,500.60 $0.00 $3,375.05 $601,791.37
211 $601,791.37 $1,500.60 $0.00 $3,402.62 $606,694.59
212 $606,694.59 $1,500.60 $0.00 $3,430.34 $611,625.53
213 $611,625.53 $1,500.60 $0.00 $3,458.22 $616,584.35
214 $616,584.35 $1,500.60 $0.00 $3,486.26 $621,571.21
215 $621,571.21 $1,500.60 $0.00 $3,514.45 $626,586.26
216 $626,586.26 $1,500.60 $0.00 $3,542.81 $631,629.67
217 $631,629.67 $1,500.60 $171,058.37 $3,571.33 $465,643.23
218 $465,643.23 $1,500.60 $0.00 $2,632.81 $469,776.64
219 $469,776.64 $1,500.60 $0.00 $2,656.19 $473,933.43
220 $473,933.43 $1,500.60 $0.00 $2,679.69 $478,113.72
221 $478,113.72 $1,500.60 $0.00 $2,703.32 $482,317.64
222 $482,317.64 $1,500.60 $0.00 $2,727.09 $486,545.33
223 $486,545.33 $1,500.60 $0.00 $2,751.00 $490,796.93
224 $490,796.93 $1,500.60 $0.00 $2,775.04 $495,072.57
225 $495,072.57 $1,500.60 $0.00 $2,799.21 $499,372.38
226 $499,372.38 $1,500.60 $0.00 $2,823.52 $503,696.50
227 $503,696.50 $1,500.60 $0.00 $2,847.97 $508,045.07
228 $508,045.07 $1,500.60 $0.00 $2,872.56 $512,418.23
229 $512,418.23 $1,500.60 $183,032.46 $2,897.29 $333,783.66
230 $333,783.66 $1,500.60 $0.00 $1,887.26 $337,171.52
231 $337,171.52 $1,500.60 $0.00 $1,906.42 $340,578.54
232 $340,578.54 $1,500.60 $0.00 $1,925.68 $344,004.82
233 $344,004.82 $1,500.60 $0.00 $1,945.05 $347,450.47
234 $347,450.47 $1,500.60 $0.00 $1,964.54 $350,915.61
235 $350,915.61 $1,500.60 $0.00 $1,984.13 $354,400.34
236 $354,400.34 $1,500.60 $0.00 $2,003.83 $357,904.77
237 $357,904.77 $1,500.60 $0.00 $2,023.65 $361,429.02
238 $361,429.02 $1,500.60 $0.00 $2,043.57 $364,973.19
239 $364,973.19 $1,500.60 $0.00 $2,063.61 $368,537.40
240 $368,537.40 $1,500.60 $0.00 $2,083.76 $372,121.76
241 $372,121.76 $1,500.60 $195,844.73 $2,104.03 $179,881.66
242 $179,881.66 $1,500.60 $0.00 $1,017.08 $182,399.34
243 $182,399.34 $1,500.60 $0.00 $1,031.31 $184,931.25
244 $184,931.25 $1,500.60 $0.00 $1,045.63 $187,477.48
245 $187,477.48 $1,500.60 $0.00 $1,060.02 $190,038.10
246 $190,038.10 $1,500.60 $0.00 $1,074.50 $192,613.20
247 $192,613.20 $1,500.60 $0.00 $1,089.06 $195,202.86
248 $195,202.86 $1,500.60 $0.00 $1,103.71 $197,807.17
249 $197,807.17 $1,500.60 $0.00 $1,118.43 $200,426.20
250 $200,426.20 $1,500.60 $0.00 $1,133.24 $203,060.04
251 $203,060.04 $1,500.60 $0.00 $1,148.13 $205,708.77
252 $205,708.77 $1,500.60 $0.00 $1,163.11 $208,372.48
253 $208,372.48 $0.00 $209,553.86 $1,178.17 -$3.21