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 2039$143,638
Monthly savings required$1,137

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 $574,551.04 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,137.01 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$55,390.00
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 $1,137.01 $0.00 $0.00 $1,137.01
2 $1,137.01 $1,137.01 $0.00 $6.43 $2,280.45
3 $2,280.45 $1,137.01 $0.00 $12.89 $3,430.35
4 $3,430.35 $1,137.01 $0.00 $19.40 $4,586.76
5 $4,586.76 $1,137.01 $0.00 $25.93 $5,749.70
6 $5,749.70 $1,137.01 $0.00 $32.51 $6,919.22
7 $6,919.22 $1,137.01 $0.00 $39.12 $8,095.35
8 $8,095.35 $1,137.01 $0.00 $45.77 $9,278.13
9 $9,278.13 $1,137.01 $0.00 $52.46 $10,467.60
10 $10,467.60 $1,137.01 $0.00 $59.19 $11,663.80
11 $11,663.80 $1,137.01 $0.00 $65.95 $12,866.76
12 $12,866.76 $1,137.01 $0.00 $72.75 $14,076.52
13 $14,076.52 $1,137.01 $0.00 $79.59 $15,293.12
14 $15,293.12 $1,137.01 $0.00 $86.47 $16,516.60
15 $16,516.60 $1,137.01 $0.00 $93.39 $17,747.00
16 $17,747.00 $1,137.01 $0.00 $100.34 $18,984.35
17 $18,984.35 $1,137.01 $0.00 $107.34 $20,228.70
18 $20,228.70 $1,137.01 $0.00 $114.38 $21,480.09
19 $21,480.09 $1,137.01 $0.00 $121.45 $22,738.55
20 $22,738.55 $1,137.01 $0.00 $128.57 $24,004.13
21 $24,004.13 $1,137.01 $0.00 $135.72 $25,276.86
22 $25,276.86 $1,137.01 $0.00 $142.92 $26,556.79
23 $26,556.79 $1,137.01 $0.00 $150.16 $27,843.96
24 $27,843.96 $1,137.01 $0.00 $157.43 $29,138.40
25 $29,138.40 $1,137.01 $0.00 $164.75 $30,440.16
26 $30,440.16 $1,137.01 $0.00 $172.11 $31,749.28
27 $31,749.28 $1,137.01 $0.00 $179.52 $33,065.81
28 $33,065.81 $1,137.01 $0.00 $186.96 $34,389.78
29 $34,389.78 $1,137.01 $0.00 $194.44 $35,721.23
30 $35,721.23 $1,137.01 $0.00 $201.97 $37,060.21
31 $37,060.21 $1,137.01 $0.00 $209.54 $38,406.76
32 $38,406.76 $1,137.01 $0.00 $217.16 $39,760.93
33 $39,760.93 $1,137.01 $0.00 $224.81 $41,122.75
34 $41,122.75 $1,137.01 $0.00 $232.51 $42,492.27
35 $42,492.27 $1,137.01 $0.00 $240.26 $43,869.54
36 $43,869.54 $1,137.01 $0.00 $248.04 $45,254.59
37 $45,254.59 $1,137.01 $0.00 $255.88 $46,647.48
38 $46,647.48 $1,137.01 $0.00 $263.75 $48,048.24
39 $48,048.24 $1,137.01 $0.00 $271.67 $49,456.92
40 $49,456.92 $1,137.01 $0.00 $279.64 $50,873.57
41 $50,873.57 $1,137.01 $0.00 $287.65 $52,298.23
42 $52,298.23 $1,137.01 $0.00 $295.70 $53,730.94
43 $53,730.94 $1,137.01 $0.00 $303.80 $55,171.75
44 $55,171.75 $1,137.01 $0.00 $311.95 $56,620.71
45 $56,620.71 $1,137.01 $0.00 $320.14 $58,077.86
46 $58,077.86 $1,137.01 $0.00 $328.38 $59,543.25
47 $59,543.25 $1,137.01 $0.00 $336.67 $61,016.93
48 $61,016.93 $1,137.01 $0.00 $345.00 $62,498.94
49 $62,498.94 $1,137.01 $0.00 $353.38 $63,989.33
50 $63,989.33 $1,137.01 $0.00 $361.80 $65,488.14
51 $65,488.14 $1,137.01 $0.00 $370.28 $66,995.43
52 $66,995.43 $1,137.01 $0.00 $378.80 $68,511.24
53 $68,511.24 $1,137.01 $0.00 $387.37 $70,035.62
54 $70,035.62 $1,137.01 $0.00 $395.99 $71,568.62
55 $71,568.62 $1,137.01 $0.00 $404.66 $73,110.29
56 $73,110.29 $1,137.01 $0.00 $413.38 $74,660.68
57 $74,660.68 $1,137.01 $0.00 $422.14 $76,219.83
58 $76,219.83 $1,137.01 $0.00 $430.96 $77,787.80
59 $77,787.80 $1,137.01 $0.00 $439.82 $79,364.63
60 $79,364.63 $1,137.01 $0.00 $448.74 $80,950.38
61 $80,950.38 $1,137.01 $0.00 $457.71 $82,545.10
62 $82,545.10 $1,137.01 $0.00 $466.72 $84,148.83
63 $84,148.83 $1,137.01 $0.00 $475.79 $85,761.63
64 $85,761.63 $1,137.01 $0.00 $484.91 $87,383.55
65 $87,383.55 $1,137.01 $0.00 $494.08 $89,014.64
66 $89,014.64 $1,137.01 $0.00 $503.30 $90,654.95
67 $90,654.95 $1,137.01 $0.00 $512.58 $92,304.54
68 $92,304.54 $1,137.01 $0.00 $521.90 $93,963.45
69 $93,963.45 $1,137.01 $0.00 $531.28 $95,631.74
70 $95,631.74 $1,137.01 $0.00 $540.72 $97,309.47
71 $97,309.47 $1,137.01 $0.00 $550.20 $98,996.68
72 $98,996.68 $1,137.01 $0.00 $559.74 $100,693.43
73 $100,693.43 $1,137.01 $0.00 $569.34 $102,399.78
74 $102,399.78 $1,137.01 $0.00 $578.98 $104,115.77
75 $104,115.77 $1,137.01 $0.00 $588.69 $105,841.47
76 $105,841.47 $1,137.01 $0.00 $598.44 $107,576.92
77 $107,576.92 $1,137.01 $0.00 $608.26 $109,322.19
78 $109,322.19 $1,137.01 $0.00 $618.12 $111,077.32
79 $111,077.32 $1,137.01 $0.00 $628.05 $112,842.38
80 $112,842.38 $1,137.01 $0.00 $638.03 $114,617.42
81 $114,617.42 $1,137.01 $0.00 $648.06 $116,402.49
82 $116,402.49 $1,137.01 $0.00 $658.16 $118,197.66
83 $118,197.66 $1,137.01 $0.00 $668.31 $120,002.98
84 $120,002.98 $1,137.01 $0.00 $678.51 $121,818.50
85 $121,818.50 $1,137.01 $0.00 $688.78 $123,644.29
86 $123,644.29 $1,137.01 $0.00 $699.10 $125,480.40
87 $125,480.40 $1,137.01 $0.00 $709.48 $127,326.89
88 $127,326.89 $1,137.01 $0.00 $719.92 $129,183.82
89 $129,183.82 $1,137.01 $0.00 $730.42 $131,051.25
90 $131,051.25 $1,137.01 $0.00 $740.98 $132,929.24
91 $132,929.24 $1,137.01 $0.00 $751.60 $134,817.85
92 $134,817.85 $1,137.01 $0.00 $762.28 $136,717.14
93 $136,717.14 $1,137.01 $0.00 $773.02 $138,627.17
94 $138,627.17 $1,137.01 $0.00 $783.82 $140,548.00
95 $140,548.00 $1,137.01 $0.00 $794.68 $142,479.69
96 $142,479.69 $1,137.01 $0.00 $805.60 $144,422.30
97 $144,422.30 $1,137.01 $0.00 $816.58 $146,375.89
98 $146,375.89 $1,137.01 $0.00 $827.63 $148,340.53
99 $148,340.53 $1,137.01 $0.00 $838.74 $150,316.28
100 $150,316.28 $1,137.01 $0.00 $849.91 $152,303.20
101 $152,303.20 $1,137.01 $0.00 $861.14 $154,301.35
102 $154,301.35 $1,137.01 $0.00 $872.44 $156,310.80
103 $156,310.80 $1,137.01 $0.00 $883.80 $158,331.61
104 $158,331.61 $1,137.01 $0.00 $895.23 $160,363.85
105 $160,363.85 $1,137.01 $0.00 $906.72 $162,407.58
106 $162,407.58 $1,137.01 $0.00 $918.28 $164,462.87
107 $164,462.87 $1,137.01 $0.00 $929.90 $166,529.78
108 $166,529.78 $1,137.01 $0.00 $941.58 $168,608.37
109 $168,608.37 $1,137.01 $0.00 $953.34 $170,698.72
110 $170,698.72 $1,137.01 $0.00 $965.16 $172,800.89
111 $172,800.89 $1,137.01 $0.00 $977.04 $174,914.94
112 $174,914.94 $1,137.01 $0.00 $988.99 $177,040.94
113 $177,040.94 $1,137.01 $0.00 $1,001.02 $179,178.97
114 $179,178.97 $1,137.01 $0.00 $1,013.10 $181,329.08
115 $181,329.08 $1,137.01 $0.00 $1,025.26 $183,491.35
116 $183,491.35 $1,137.01 $0.00 $1,037.49 $185,665.85
117 $185,665.85 $1,137.01 $0.00 $1,049.78 $187,852.64
118 $187,852.64 $1,137.01 $0.00 $1,062.15 $190,051.80
119 $190,051.80 $1,137.01 $0.00 $1,074.58 $192,263.39
120 $192,263.39 $1,137.01 $0.00 $1,087.09 $194,487.49
121 $194,487.49 $1,137.01 $0.00 $1,099.66 $196,724.16
122 $196,724.16 $1,137.01 $0.00 $1,112.31 $198,973.48
123 $198,973.48 $1,137.01 $0.00 $1,125.02 $201,235.51
124 $201,235.51 $1,137.01 $0.00 $1,137.81 $203,510.33
125 $203,510.33 $1,137.01 $0.00 $1,150.68 $205,798.02
126 $205,798.02 $1,137.01 $0.00 $1,163.61 $208,098.64
127 $208,098.64 $1,137.01 $0.00 $1,176.62 $210,412.27
128 $210,412.27 $1,137.01 $0.00 $1,189.70 $212,738.98
129 $212,738.98 $1,137.01 $0.00 $1,202.86 $215,078.85
130 $215,078.85 $1,137.01 $0.00 $1,216.09 $217,431.95
131 $217,431.95 $1,137.01 $0.00 $1,229.39 $219,798.35
132 $219,798.35 $1,137.01 $0.00 $1,242.77 $222,178.13
133 $222,178.13 $1,137.01 $0.00 $1,256.23 $224,571.37
134 $224,571.37 $1,137.01 $0.00 $1,269.76 $226,978.14
135 $226,978.14 $1,137.01 $0.00 $1,283.37 $229,398.52
136 $229,398.52 $1,137.01 $0.00 $1,297.05 $231,832.58
137 $231,832.58 $1,137.01 $0.00 $1,310.82 $234,280.41
138 $234,280.41 $1,137.01 $0.00 $1,324.66 $236,742.08
139 $236,742.08 $1,137.01 $0.00 $1,338.57 $239,217.66
140 $239,217.66 $1,137.01 $0.00 $1,352.57 $241,707.24
141 $241,707.24 $1,137.01 $0.00 $1,366.65 $244,210.90
142 $244,210.90 $1,137.01 $0.00 $1,380.80 $246,728.71
143 $246,728.71 $1,137.01 $0.00 $1,395.04 $249,260.76
144 $249,260.76 $1,137.01 $0.00 $1,409.36 $251,807.13
145 $251,807.13 $1,137.01 $0.00 $1,423.75 $254,367.89
146 $254,367.89 $1,137.01 $0.00 $1,438.23 $256,943.13
147 $256,943.13 $1,137.01 $0.00 $1,452.79 $259,532.93
148 $259,532.93 $1,137.01 $0.00 $1,467.44 $262,137.38
149 $262,137.38 $1,137.01 $0.00 $1,482.16 $264,756.55
150 $264,756.55 $1,137.01 $0.00 $1,496.97 $267,390.53
151 $267,390.53 $1,137.01 $0.00 $1,511.86 $270,039.40
152 $270,039.40 $1,137.01 $0.00 $1,526.84 $272,703.25
153 $272,703.25 $1,137.01 $0.00 $1,541.90 $275,382.16
154 $275,382.16 $1,137.01 $0.00 $1,557.05 $278,076.22
155 $278,076.22 $1,137.01 $0.00 $1,572.28 $280,785.51
156 $280,785.51 $1,137.01 $0.00 $1,587.60 $283,510.12
157 $283,510.12 $1,137.01 $0.00 $1,603.01 $286,250.14
158 $286,250.14 $1,137.01 $0.00 $1,618.50 $289,005.65
159 $289,005.65 $1,137.01 $0.00 $1,634.08 $291,776.74
160 $291,776.74 $1,137.01 $0.00 $1,649.75 $294,563.50
161 $294,563.50 $1,137.01 $0.00 $1,665.50 $297,366.01
162 $297,366.01 $1,137.01 $0.00 $1,681.35 $300,184.37
163 $300,184.37 $1,137.01 $0.00 $1,697.29 $303,018.67
164 $303,018.67 $1,137.01 $0.00 $1,713.31 $305,868.99
165 $305,868.99 $1,137.01 $0.00 $1,729.43 $308,735.43
166 $308,735.43 $1,137.01 $0.00 $1,745.64 $311,618.08
167 $311,618.08 $1,137.01 $0.00 $1,761.93 $314,517.02
168 $314,517.02 $1,137.01 $0.00 $1,778.32 $317,432.35
169 $317,432.35 $1,137.01 $0.00 $1,794.81 $320,364.17
170 $320,364.17 $1,137.01 $0.00 $1,811.39 $323,312.57
171 $323,312.57 $1,137.01 $0.00 $1,828.06 $326,277.64
172 $326,277.64 $1,137.01 $0.00 $1,844.82 $329,259.47
173 $329,259.47 $1,137.01 $0.00 $1,861.68 $332,258.16
174 $332,258.16 $1,137.01 $0.00 $1,878.64 $335,273.81
175 $335,273.81 $1,137.01 $0.00 $1,895.69 $338,306.51
176 $338,306.51 $1,137.01 $0.00 $1,912.83 $341,356.35
177 $341,356.35 $1,137.01 $0.00 $1,930.08 $344,423.44
178 $344,423.44 $1,137.01 $0.00 $1,947.42 $347,507.87
179 $347,507.87 $1,137.01 $0.00 $1,964.86 $350,609.74
180 $350,609.74 $1,137.01 $0.00 $1,982.40 $353,729.15
181 $353,729.15 $1,137.01 $0.00 $2,000.04 $356,866.20
182 $356,866.20 $1,137.01 $0.00 $2,017.77 $360,020.98
183 $360,020.98 $1,137.01 $0.00 $2,035.61 $363,193.60
184 $363,193.60 $1,137.01 $0.00 $2,053.55 $366,384.16
185 $366,384.16 $1,137.01 $0.00 $2,071.59 $369,592.76
186 $369,592.76 $1,137.01 $0.00 $2,089.73 $372,819.50
187 $372,819.50 $1,137.01 $0.00 $2,107.98 $376,064.49
188 $376,064.49 $1,137.01 $0.00 $2,126.32 $379,327.82
189 $379,327.82 $1,137.01 $0.00 $2,144.77 $382,609.60
190 $382,609.60 $1,137.01 $0.00 $2,163.33 $385,909.94
191 $385,909.94 $1,137.01 $0.00 $2,181.99 $389,228.94
192 $389,228.94 $1,137.01 $0.00 $2,200.76 $392,566.71
193 $392,566.71 $1,137.01 $0.00 $2,219.63 $395,923.35
194 $395,923.35 $1,137.01 $0.00 $2,238.61 $399,298.97
195 $399,298.97 $1,137.01 $0.00 $2,257.69 $402,693.67
196 $402,693.67 $1,137.01 $0.00 $2,276.89 $406,107.57
197 $406,107.57 $1,137.01 $0.00 $2,296.19 $409,540.77
198 $409,540.77 $1,137.01 $0.00 $2,315.60 $412,993.38
199 $412,993.38 $1,137.01 $0.00 $2,335.12 $416,465.51
200 $416,465.51 $1,137.01 $0.00 $2,354.76 $419,957.28
201 $419,957.28 $1,137.01 $0.00 $2,374.50 $423,468.79
202 $423,468.79 $1,137.01 $0.00 $2,394.35 $427,000.15
203 $427,000.15 $1,137.01 $0.00 $2,414.32 $430,551.48
204 $430,551.48 $1,137.01 $0.00 $2,434.40 $434,122.89
205 $434,122.89 $1,137.01 $0.00 $2,454.59 $437,714.49
206 $437,714.49 $1,137.01 $0.00 $2,474.90 $441,326.40
207 $441,326.40 $1,137.01 $0.00 $2,495.32 $444,958.73
208 $444,958.73 $1,137.01 $0.00 $2,515.86 $448,611.60
209 $448,611.60 $1,137.01 $0.00 $2,536.52 $452,285.13
210 $452,285.13 $1,137.01 $0.00 $2,557.29 $455,979.43
211 $455,979.43 $1,137.01 $0.00 $2,578.17 $459,694.61
212 $459,694.61 $1,137.01 $0.00 $2,599.18 $463,430.80
213 $463,430.80 $1,137.01 $0.00 $2,620.31 $467,188.12
214 $467,188.12 $1,137.01 $0.00 $2,641.55 $470,966.68
215 $470,966.68 $1,137.01 $0.00 $2,662.91 $474,766.60
216 $474,766.60 $1,137.01 $0.00 $2,684.40 $478,588.01
217 $478,588.01 $1,137.01 $133,302.64 $2,706.01 $349,128.39
218 $349,128.39 $1,137.01 $0.00 $1,974.02 $352,239.42
219 $352,239.42 $1,137.01 $0.00 $1,991.61 $355,368.04
220 $355,368.04 $1,137.01 $0.00 $2,009.30 $358,514.35
221 $358,514.35 $1,137.01 $0.00 $2,027.09 $361,678.45
222 $361,678.45 $1,137.01 $0.00 $2,044.98 $364,860.44
223 $364,860.44 $1,137.01 $0.00 $2,062.97 $368,060.42
224 $368,060.42 $1,137.01 $0.00 $2,081.07 $371,278.50
225 $371,278.50 $1,137.01 $0.00 $2,099.26 $374,514.77
226 $374,514.77 $1,137.01 $0.00 $2,117.56 $377,769.34
227 $377,769.34 $1,137.01 $0.00 $2,135.96 $381,042.31
228 $381,042.31 $1,137.01 $0.00 $2,154.47 $384,333.79
229 $384,333.79 $1,137.01 $139,967.77 $2,173.08 $247,676.11
230 $247,676.11 $1,137.01 $0.00 $1,400.40 $250,213.52
231 $250,213.52 $1,137.01 $0.00 $1,414.74 $252,765.27
232 $252,765.27 $1,137.01 $0.00 $1,429.17 $255,331.45
233 $255,331.45 $1,137.01 $0.00 $1,443.68 $257,912.14
234 $257,912.14 $1,137.01 $0.00 $1,458.27 $260,507.42
235 $260,507.42 $1,137.01 $0.00 $1,472.95 $263,117.38
236 $263,117.38 $1,137.01 $0.00 $1,487.70 $265,742.09
237 $265,742.09 $1,137.01 $0.00 $1,502.54 $268,381.64
238 $268,381.64 $1,137.01 $0.00 $1,517.47 $271,036.12
239 $271,036.12 $1,137.01 $0.00 $1,532.48 $273,705.61
240 $273,705.61 $1,137.01 $0.00 $1,547.57 $276,390.19
241 $276,390.19 $1,137.01 $146,966.16 $1,562.75 $132,123.79
242 $132,123.79 $1,137.01 $0.00 $747.05 $134,007.85
243 $134,007.85 $1,137.01 $0.00 $757.70 $135,902.56
244 $135,902.56 $1,137.01 $0.00 $768.41 $137,807.98
245 $137,807.98 $1,137.01 $0.00 $779.19 $139,724.18
246 $139,724.18 $1,137.01 $0.00 $790.02 $141,651.21
247 $141,651.21 $1,137.01 $0.00 $800.92 $143,589.14
248 $143,589.14 $1,137.01 $0.00 $811.87 $145,538.02
249 $145,538.02 $1,137.01 $0.00 $822.89 $147,497.92
250 $147,497.92 $1,137.01 $0.00 $833.97 $149,468.90
251 $149,468.90 $1,137.01 $0.00 $845.12 $151,451.03
252 $151,451.03 $1,137.01 $0.00 $856.33 $153,444.37
253 $153,444.37 $0.00 $154,314.47 $867.60 ($2.50)