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 2040$148,508
Monthly savings required$1,176

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 $594,031.21 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,175.57 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$57,268.00
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 $1,175.57 $0.00 $0.00 $1,175.57
2 $1,175.57 $1,175.57 $0.00 $6.65 $2,357.79
3 $2,357.79 $1,175.57 $0.00 $13.33 $3,546.69
4 $3,546.69 $1,175.57 $0.00 $20.05 $4,742.31
5 $4,742.31 $1,175.57 $0.00 $26.81 $5,944.69
6 $5,944.69 $1,175.57 $0.00 $33.61 $7,153.87
7 $7,153.87 $1,175.57 $0.00 $40.45 $8,369.89
8 $8,369.89 $1,175.57 $0.00 $47.32 $9,592.78
9 $9,592.78 $1,175.57 $0.00 $54.24 $10,822.59
10 $10,822.59 $1,175.57 $0.00 $61.19 $12,059.35
11 $12,059.35 $1,175.57 $0.00 $68.19 $13,303.11
12 $13,303.11 $1,175.57 $0.00 $75.22 $14,553.90
13 $14,553.90 $1,175.57 $0.00 $82.29 $15,811.76
14 $15,811.76 $1,175.57 $0.00 $89.40 $17,076.73
15 $17,076.73 $1,175.57 $0.00 $96.55 $18,348.85
16 $18,348.85 $1,175.57 $0.00 $103.75 $19,628.17
17 $19,628.17 $1,175.57 $0.00 $110.98 $20,914.72
18 $20,914.72 $1,175.57 $0.00 $118.25 $22,208.54
19 $22,208.54 $1,175.57 $0.00 $125.57 $23,509.68
20 $23,509.68 $1,175.57 $0.00 $132.93 $24,818.18
21 $24,818.18 $1,175.57 $0.00 $140.33 $26,134.08
22 $26,134.08 $1,175.57 $0.00 $147.77 $27,457.42
23 $27,457.42 $1,175.57 $0.00 $155.25 $28,788.24
24 $28,788.24 $1,175.57 $0.00 $162.77 $30,126.58
25 $30,126.58 $1,175.57 $0.00 $170.34 $31,472.49
26 $31,472.49 $1,175.57 $0.00 $177.95 $32,826.01
27 $32,826.01 $1,175.57 $0.00 $185.60 $34,187.18
28 $34,187.18 $1,175.57 $0.00 $193.30 $35,556.05
29 $35,556.05 $1,175.57 $0.00 $201.04 $36,932.66
30 $36,932.66 $1,175.57 $0.00 $208.82 $38,317.05
31 $38,317.05 $1,175.57 $0.00 $216.65 $39,709.27
32 $39,709.27 $1,175.57 $0.00 $224.52 $41,109.36
33 $41,109.36 $1,175.57 $0.00 $232.44 $42,517.37
34 $42,517.37 $1,175.57 $0.00 $240.40 $43,933.34
35 $43,933.34 $1,175.57 $0.00 $248.41 $45,357.32
36 $45,357.32 $1,175.57 $0.00 $256.46 $46,789.35
37 $46,789.35 $1,175.57 $0.00 $264.55 $48,229.47
38 $48,229.47 $1,175.57 $0.00 $272.70 $49,677.74
39 $49,677.74 $1,175.57 $0.00 $280.89 $51,134.20
40 $51,134.20 $1,175.57 $0.00 $289.12 $52,598.89
41 $52,598.89 $1,175.57 $0.00 $297.40 $54,071.86
42 $54,071.86 $1,175.57 $0.00 $305.73 $55,553.16
43 $55,553.16 $1,175.57 $0.00 $314.11 $57,042.84
44 $57,042.84 $1,175.57 $0.00 $322.53 $58,540.94
45 $58,540.94 $1,175.57 $0.00 $331.00 $60,047.51
46 $60,047.51 $1,175.57 $0.00 $339.52 $61,562.60
47 $61,562.60 $1,175.57 $0.00 $348.08 $63,086.25
48 $63,086.25 $1,175.57 $0.00 $356.70 $64,618.52
49 $64,618.52 $1,175.57 $0.00 $365.36 $66,159.45
50 $66,159.45 $1,175.57 $0.00 $374.08 $67,709.10
51 $67,709.10 $1,175.57 $0.00 $382.84 $69,267.51
52 $69,267.51 $1,175.57 $0.00 $391.65 $70,834.73
53 $70,834.73 $1,175.57 $0.00 $400.51 $72,410.81
54 $72,410.81 $1,175.57 $0.00 $409.42 $73,995.80
55 $73,995.80 $1,175.57 $0.00 $418.38 $75,589.75
56 $75,589.75 $1,175.57 $0.00 $427.40 $77,192.72
57 $77,192.72 $1,175.57 $0.00 $436.46 $78,804.75
58 $78,804.75 $1,175.57 $0.00 $445.57 $80,425.89
59 $80,425.89 $1,175.57 $0.00 $454.74 $82,056.20
60 $82,056.20 $1,175.57 $0.00 $463.96 $83,695.73
61 $83,695.73 $1,175.57 $0.00 $473.23 $85,344.53
62 $85,344.53 $1,175.57 $0.00 $482.55 $87,002.65
63 $87,002.65 $1,175.57 $0.00 $491.93 $88,670.15
64 $88,670.15 $1,175.57 $0.00 $501.35 $90,347.07
65 $90,347.07 $1,175.57 $0.00 $510.84 $92,033.48
66 $92,033.48 $1,175.57 $0.00 $520.37 $93,729.42
67 $93,729.42 $1,175.57 $0.00 $529.96 $95,434.95
68 $95,434.95 $1,175.57 $0.00 $539.60 $97,150.12
69 $97,150.12 $1,175.57 $0.00 $549.30 $98,874.99
70 $98,874.99 $1,175.57 $0.00 $559.05 $100,609.61
71 $100,609.61 $1,175.57 $0.00 $568.86 $102,354.04
72 $102,354.04 $1,175.57 $0.00 $578.72 $104,108.33
73 $104,108.33 $1,175.57 $0.00 $588.64 $105,872.54
74 $105,872.54 $1,175.57 $0.00 $598.62 $107,646.73
75 $107,646.73 $1,175.57 $0.00 $608.65 $109,430.95
76 $109,430.95 $1,175.57 $0.00 $618.74 $111,225.26
77 $111,225.26 $1,175.57 $0.00 $628.88 $113,029.71
78 $113,029.71 $1,175.57 $0.00 $639.09 $114,844.37
79 $114,844.37 $1,175.57 $0.00 $649.35 $116,669.29
80 $116,669.29 $1,175.57 $0.00 $659.67 $118,504.53
81 $118,504.53 $1,175.57 $0.00 $670.04 $120,350.14
82 $120,350.14 $1,175.57 $0.00 $680.48 $122,206.19
83 $122,206.19 $1,175.57 $0.00 $690.97 $124,072.73
84 $124,072.73 $1,175.57 $0.00 $701.53 $125,949.83
85 $125,949.83 $1,175.57 $0.00 $712.14 $127,837.54
86 $127,837.54 $1,175.57 $0.00 $722.81 $129,735.92
87 $129,735.92 $1,175.57 $0.00 $733.55 $131,645.04
88 $131,645.04 $1,175.57 $0.00 $744.34 $133,564.95
89 $133,564.95 $1,175.57 $0.00 $755.20 $135,495.72
90 $135,495.72 $1,175.57 $0.00 $766.11 $137,437.40
91 $137,437.40 $1,175.57 $0.00 $777.09 $139,390.06
92 $139,390.06 $1,175.57 $0.00 $788.13 $141,353.76
93 $141,353.76 $1,175.57 $0.00 $799.23 $143,328.56
94 $143,328.56 $1,175.57 $0.00 $810.40 $145,314.53
95 $145,314.53 $1,175.57 $0.00 $821.63 $147,311.73
96 $147,311.73 $1,175.57 $0.00 $832.92 $149,320.22
97 $149,320.22 $1,175.57 $0.00 $844.28 $151,340.07
98 $151,340.07 $1,175.57 $0.00 $855.70 $153,371.34
99 $153,371.34 $1,175.57 $0.00 $867.18 $155,414.09
100 $155,414.09 $1,175.57 $0.00 $878.73 $157,468.39
101 $157,468.39 $1,175.57 $0.00 $890.35 $159,534.31
102 $159,534.31 $1,175.57 $0.00 $902.03 $161,611.91
103 $161,611.91 $1,175.57 $0.00 $913.78 $163,701.26
104 $163,701.26 $1,175.57 $0.00 $925.59 $165,802.42
105 $165,802.42 $1,175.57 $0.00 $937.47 $167,915.46
106 $167,915.46 $1,175.57 $0.00 $949.42 $170,040.45
107 $170,040.45 $1,175.57 $0.00 $961.43 $172,177.45
108 $172,177.45 $1,175.57 $0.00 $973.52 $174,326.54
109 $174,326.54 $1,175.57 $0.00 $985.67 $176,487.78
110 $176,487.78 $1,175.57 $0.00 $997.89 $178,661.24
111 $178,661.24 $1,175.57 $0.00 $1,010.18 $180,846.99
112 $180,846.99 $1,175.57 $0.00 $1,022.54 $183,045.10
113 $183,045.10 $1,175.57 $0.00 $1,034.96 $185,255.63
114 $185,255.63 $1,175.57 $0.00 $1,047.46 $187,478.66
115 $187,478.66 $1,175.57 $0.00 $1,060.03 $189,714.26
116 $189,714.26 $1,175.57 $0.00 $1,072.67 $191,962.50
117 $191,962.50 $1,175.57 $0.00 $1,085.38 $194,223.45
118 $194,223.45 $1,175.57 $0.00 $1,098.17 $196,497.19
119 $196,497.19 $1,175.57 $0.00 $1,111.02 $198,783.78
120 $198,783.78 $1,175.57 $0.00 $1,123.95 $201,083.30
121 $201,083.30 $1,175.57 $0.00 $1,136.95 $203,395.82
122 $203,395.82 $1,175.57 $0.00 $1,150.03 $205,721.42
123 $205,721.42 $1,175.57 $0.00 $1,163.18 $208,060.17
124 $208,060.17 $1,175.57 $0.00 $1,176.40 $210,412.14
125 $210,412.14 $1,175.57 $0.00 $1,189.70 $212,777.41
126 $212,777.41 $1,175.57 $0.00 $1,203.07 $215,156.05
127 $215,156.05 $1,175.57 $0.00 $1,216.52 $217,548.14
128 $217,548.14 $1,175.57 $0.00 $1,230.05 $219,953.76
129 $219,953.76 $1,175.57 $0.00 $1,243.65 $222,372.98
130 $222,372.98 $1,175.57 $0.00 $1,257.33 $224,805.88
131 $224,805.88 $1,175.57 $0.00 $1,271.09 $227,252.54
132 $227,252.54 $1,175.57 $0.00 $1,284.92 $229,713.03
133 $229,713.03 $1,175.57 $0.00 $1,298.83 $232,187.43
134 $232,187.43 $1,175.57 $0.00 $1,312.82 $234,675.82
135 $234,675.82 $1,175.57 $0.00 $1,326.89 $237,178.28
136 $237,178.28 $1,175.57 $0.00 $1,341.04 $239,694.89
137 $239,694.89 $1,175.57 $0.00 $1,355.27 $242,225.73
138 $242,225.73 $1,175.57 $0.00 $1,369.58 $244,770.88
139 $244,770.88 $1,175.57 $0.00 $1,383.97 $247,330.42
140 $247,330.42 $1,175.57 $0.00 $1,398.44 $249,904.43
141 $249,904.43 $1,175.57 $0.00 $1,413.00 $252,493.00
142 $252,493.00 $1,175.57 $0.00 $1,427.63 $255,096.20
143 $255,096.20 $1,175.57 $0.00 $1,442.35 $257,714.12
144 $257,714.12 $1,175.57 $0.00 $1,457.15 $260,346.84
145 $260,346.84 $1,175.57 $0.00 $1,472.04 $262,994.45
146 $262,994.45 $1,175.57 $0.00 $1,487.01 $265,657.03
147 $265,657.03 $1,175.57 $0.00 $1,502.06 $268,334.66
148 $268,334.66 $1,175.57 $0.00 $1,517.20 $271,027.43
149 $271,027.43 $1,175.57 $0.00 $1,532.43 $273,735.43
150 $273,735.43 $1,175.57 $0.00 $1,547.74 $276,458.74
151 $276,458.74 $1,175.57 $0.00 $1,563.14 $279,197.45
152 $279,197.45 $1,175.57 $0.00 $1,578.62 $281,951.64
153 $281,951.64 $1,175.57 $0.00 $1,594.20 $284,721.41
154 $284,721.41 $1,175.57 $0.00 $1,609.86 $287,506.84
155 $287,506.84 $1,175.57 $0.00 $1,625.61 $290,308.02
156 $290,308.02 $1,175.57 $0.00 $1,641.44 $293,125.03
157 $293,125.03 $1,175.57 $0.00 $1,657.37 $295,957.97
158 $295,957.97 $1,175.57 $0.00 $1,673.39 $298,806.93
159 $298,806.93 $1,175.57 $0.00 $1,689.50 $301,672.00
160 $301,672.00 $1,175.57 $0.00 $1,705.70 $304,553.27
161 $304,553.27 $1,175.57 $0.00 $1,721.99 $307,450.83
162 $307,450.83 $1,175.57 $0.00 $1,738.37 $310,364.77
163 $310,364.77 $1,175.57 $0.00 $1,754.85 $313,295.19
164 $313,295.19 $1,175.57 $0.00 $1,771.42 $316,242.18
165 $316,242.18 $1,175.57 $0.00 $1,788.08 $319,205.83
166 $319,205.83 $1,175.57 $0.00 $1,804.84 $322,186.24
167 $322,186.24 $1,175.57 $0.00 $1,821.69 $325,183.50
168 $325,183.50 $1,175.57 $0.00 $1,838.63 $328,197.70
169 $328,197.70 $1,175.57 $0.00 $1,855.68 $331,228.95
170 $331,228.95 $1,175.57 $0.00 $1,872.82 $334,277.34
171 $334,277.34 $1,175.57 $0.00 $1,890.05 $337,342.96
172 $337,342.96 $1,175.57 $0.00 $1,907.39 $340,425.92
173 $340,425.92 $1,175.57 $0.00 $1,924.82 $343,526.31
174 $343,526.31 $1,175.57 $0.00 $1,942.35 $346,644.23
175 $346,644.23 $1,175.57 $0.00 $1,959.98 $349,779.78
176 $349,779.78 $1,175.57 $0.00 $1,977.71 $352,933.06
177 $352,933.06 $1,175.57 $0.00 $1,995.53 $356,104.16
178 $356,104.16 $1,175.57 $0.00 $2,013.46 $359,293.19
179 $359,293.19 $1,175.57 $0.00 $2,031.50 $362,500.26
180 $362,500.26 $1,175.57 $0.00 $2,049.63 $365,725.46
181 $365,725.46 $1,175.57 $0.00 $2,067.86 $368,968.89
182 $368,968.89 $1,175.57 $0.00 $2,086.20 $372,230.66
183 $372,230.66 $1,175.57 $0.00 $2,104.65 $375,510.88
184 $375,510.88 $1,175.57 $0.00 $2,123.19 $378,809.64
185 $378,809.64 $1,175.57 $0.00 $2,141.84 $382,127.05
186 $382,127.05 $1,175.57 $0.00 $2,160.60 $385,463.22
187 $385,463.22 $1,175.57 $0.00 $2,179.47 $388,818.26
188 $388,818.26 $1,175.57 $0.00 $2,198.43 $392,192.26
189 $392,192.26 $1,175.57 $0.00 $2,217.51 $395,585.34
190 $395,585.34 $1,175.57 $0.00 $2,236.70 $398,997.61
191 $398,997.61 $1,175.57 $0.00 $2,255.99 $402,429.17
192 $402,429.17 $1,175.57 $0.00 $2,275.39 $405,880.13
193 $405,880.13 $1,175.57 $0.00 $2,294.91 $409,350.61
194 $409,350.61 $1,175.57 $0.00 $2,314.53 $412,840.71
195 $412,840.71 $1,175.57 $0.00 $2,334.26 $416,350.54
196 $416,350.54 $1,175.57 $0.00 $2,354.11 $419,880.22
197 $419,880.22 $1,175.57 $0.00 $2,374.06 $423,429.85
198 $423,429.85 $1,175.57 $0.00 $2,394.13 $426,999.55
199 $426,999.55 $1,175.57 $0.00 $2,414.32 $430,589.44
200 $430,589.44 $1,175.57 $0.00 $2,434.62 $434,199.63
201 $434,199.63 $1,175.57 $0.00 $2,455.03 $437,830.23
202 $437,830.23 $1,175.57 $0.00 $2,475.56 $441,481.36
203 $441,481.36 $1,175.57 $0.00 $2,496.20 $445,153.13
204 $445,153.13 $1,175.57 $0.00 $2,516.96 $448,845.66
205 $448,845.66 $1,175.57 $0.00 $2,537.84 $452,559.07
206 $452,559.07 $1,175.57 $0.00 $2,558.83 $456,293.47
207 $456,293.47 $1,175.57 $0.00 $2,579.95 $460,048.99
208 $460,048.99 $1,175.57 $0.00 $2,601.18 $463,825.74
209 $463,825.74 $1,175.57 $0.00 $2,622.54 $467,623.85
210 $467,623.85 $1,175.57 $0.00 $2,644.01 $471,443.43
211 $471,443.43 $1,175.57 $0.00 $2,665.61 $475,284.61
212 $475,284.61 $1,175.57 $0.00 $2,687.33 $479,147.51
213 $479,147.51 $1,175.57 $0.00 $2,709.17 $483,032.25
214 $483,032.25 $1,175.57 $0.00 $2,731.13 $486,938.95
215 $486,938.95 $1,175.57 $0.00 $2,753.22 $490,867.74
216 $490,867.74 $1,175.57 $0.00 $2,775.44 $494,818.75
217 $494,818.75 $1,175.57 $137,822.27 $2,797.78 $360,969.83
218 $360,969.83 $1,175.57 $0.00 $2,040.98 $364,186.38
219 $364,186.38 $1,175.57 $0.00 $2,059.16 $367,421.11
220 $367,421.11 $1,175.57 $0.00 $2,077.45 $370,674.13
221 $370,674.13 $1,175.57 $0.00 $2,095.85 $373,945.55
222 $373,945.55 $1,175.57 $0.00 $2,114.34 $377,235.46
223 $377,235.46 $1,175.57 $0.00 $2,132.94 $380,543.97
224 $380,543.97 $1,175.57 $0.00 $2,151.65 $383,871.19
225 $383,871.19 $1,175.57 $0.00 $2,170.46 $387,217.22
226 $387,217.22 $1,175.57 $0.00 $2,189.38 $390,582.17
227 $390,582.17 $1,175.57 $0.00 $2,208.41 $393,966.15
228 $393,966.15 $1,175.57 $0.00 $2,227.54 $397,369.26
229 $397,369.26 $1,175.57 $144,713.38 $2,246.78 $256,078.23
230 $256,078.23 $1,175.57 $0.00 $1,447.90 $258,701.70
231 $258,701.70 $1,175.57 $0.00 $1,462.74 $261,340.01
232 $261,340.01 $1,175.57 $0.00 $1,477.65 $263,993.23
233 $263,993.23 $1,175.57 $0.00 $1,492.66 $266,661.46
234 $266,661.46 $1,175.57 $0.00 $1,507.74 $269,344.77
235 $269,344.77 $1,175.57 $0.00 $1,522.91 $272,043.25
236 $272,043.25 $1,175.57 $0.00 $1,538.17 $274,756.99
237 $274,756.99 $1,175.57 $0.00 $1,553.52 $277,486.08
238 $277,486.08 $1,175.57 $0.00 $1,568.95 $280,230.60
239 $280,230.60 $1,175.57 $0.00 $1,584.46 $282,990.63
240 $282,990.63 $1,175.57 $0.00 $1,600.07 $285,766.27
241 $285,766.27 $1,175.57 $151,949.05 $1,615.76 $136,608.55
242 $136,608.55 $1,175.57 $0.00 $772.40 $138,556.52
243 $138,556.52 $1,175.57 $0.00 $783.42 $140,515.51
244 $140,515.51 $1,175.57 $0.00 $794.50 $142,485.58
245 $142,485.58 $1,175.57 $0.00 $805.63 $144,466.78
246 $144,466.78 $1,175.57 $0.00 $816.84 $146,459.19
247 $146,459.19 $1,175.57 $0.00 $828.10 $148,462.86
248 $148,462.86 $1,175.57 $0.00 $839.43 $150,477.86
249 $150,477.86 $1,175.57 $0.00 $850.82 $152,504.25
250 $152,504.25 $1,175.57 $0.00 $862.28 $154,542.10
251 $154,542.10 $1,175.57 $0.00 $873.80 $156,591.47
252 $156,591.47 $1,175.57 $0.00 $885.39 $158,652.43
253 $158,652.43 $0.00 $159,546.51 $897.04 $2.96