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Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2037$66,371
Monthly savings required$525

How much will it cost to send your child to Old Dominion University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $265,482.20 for students enrolling in 2037 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $525.38 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$25,594.00
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 $525.38 $0.00 $0.00 $525.38
2 $525.38 $525.38 $0.00 $2.97 $1,053.73
3 $1,053.73 $525.38 $0.00 $5.96 $1,585.07
4 $1,585.07 $525.38 $0.00 $8.96 $2,119.41
5 $2,119.41 $525.38 $0.00 $11.98 $2,656.77
6 $2,656.77 $525.38 $0.00 $15.02 $3,197.17
7 $3,197.17 $525.38 $0.00 $18.08 $3,740.63
8 $3,740.63 $525.38 $0.00 $21.15 $4,287.16
9 $4,287.16 $525.38 $0.00 $24.24 $4,836.78
10 $4,836.78 $525.38 $0.00 $27.35 $5,389.51
11 $5,389.51 $525.38 $0.00 $30.47 $5,945.36
12 $5,945.36 $525.38 $0.00 $33.62 $6,504.36
13 $6,504.36 $525.38 $0.00 $36.78 $7,066.52
14 $7,066.52 $525.38 $0.00 $39.96 $7,631.86
15 $7,631.86 $525.38 $0.00 $43.15 $8,200.39
16 $8,200.39 $525.38 $0.00 $46.37 $8,772.14
17 $8,772.14 $525.38 $0.00 $49.60 $9,347.12
18 $9,347.12 $525.38 $0.00 $52.85 $9,925.35
19 $9,925.35 $525.38 $0.00 $56.12 $10,506.85
20 $10,506.85 $525.38 $0.00 $59.41 $11,091.64
21 $11,091.64 $525.38 $0.00 $62.71 $11,679.73
22 $11,679.73 $525.38 $0.00 $66.04 $12,271.15
23 $12,271.15 $525.38 $0.00 $69.38 $12,865.91
24 $12,865.91 $525.38 $0.00 $72.75 $13,464.04
25 $13,464.04 $525.38 $0.00 $76.13 $14,065.55
26 $14,065.55 $525.38 $0.00 $79.53 $14,670.46
27 $14,670.46 $525.38 $0.00 $82.95 $15,278.79
28 $15,278.79 $525.38 $0.00 $86.39 $15,890.56
29 $15,890.56 $525.38 $0.00 $89.85 $16,505.79
30 $16,505.79 $525.38 $0.00 $93.33 $17,124.50
31 $17,124.50 $525.38 $0.00 $96.82 $17,746.70
32 $17,746.70 $525.38 $0.00 $100.34 $18,372.42
33 $18,372.42 $525.38 $0.00 $103.88 $19,001.68
34 $19,001.68 $525.38 $0.00 $107.44 $19,634.50
35 $19,634.50 $525.38 $0.00 $111.02 $20,270.90
36 $20,270.90 $525.38 $0.00 $114.61 $20,910.89
37 $20,910.89 $525.38 $0.00 $118.23 $21,554.50
38 $21,554.50 $525.38 $0.00 $121.87 $22,201.75
39 $22,201.75 $525.38 $0.00 $125.53 $22,852.66
40 $22,852.66 $525.38 $0.00 $129.21 $23,507.25
41 $23,507.25 $525.38 $0.00 $132.91 $24,165.54
42 $24,165.54 $525.38 $0.00 $136.64 $24,827.56
43 $24,827.56 $525.38 $0.00 $140.38 $25,493.32
44 $25,493.32 $525.38 $0.00 $144.14 $26,162.84
45 $26,162.84 $525.38 $0.00 $147.93 $26,836.15
46 $26,836.15 $525.38 $0.00 $151.74 $27,513.27
47 $27,513.27 $525.38 $0.00 $155.56 $28,194.21
48 $28,194.21 $525.38 $0.00 $159.41 $28,879.00
49 $28,879.00 $525.38 $0.00 $163.29 $29,567.67
50 $29,567.67 $525.38 $0.00 $167.18 $30,260.23
51 $30,260.23 $525.38 $0.00 $171.10 $30,956.71
52 $30,956.71 $525.38 $0.00 $175.03 $31,657.12
53 $31,657.12 $525.38 $0.00 $178.99 $32,361.49
54 $32,361.49 $525.38 $0.00 $182.98 $33,069.85
55 $33,069.85 $525.38 $0.00 $186.98 $33,782.21
56 $33,782.21 $525.38 $0.00 $191.01 $34,498.60
57 $34,498.60 $525.38 $0.00 $195.06 $35,219.04
58 $35,219.04 $525.38 $0.00 $199.13 $35,943.55
59 $35,943.55 $525.38 $0.00 $203.23 $36,672.16
60 $36,672.16 $525.38 $0.00 $207.35 $37,404.89
61 $37,404.89 $525.38 $0.00 $211.49 $38,141.76
62 $38,141.76 $525.38 $0.00 $215.66 $38,882.80
63 $38,882.80 $525.38 $0.00 $219.85 $39,628.03
64 $39,628.03 $525.38 $0.00 $224.06 $40,377.47
65 $40,377.47 $525.38 $0.00 $228.30 $41,131.15
66 $41,131.15 $525.38 $0.00 $232.56 $41,889.09
67 $41,889.09 $525.38 $0.00 $236.85 $42,651.32
68 $42,651.32 $525.38 $0.00 $241.16 $43,417.86
69 $43,417.86 $525.38 $0.00 $245.49 $44,188.73
70 $44,188.73 $525.38 $0.00 $249.85 $44,963.96
71 $44,963.96 $525.38 $0.00 $254.23 $45,743.57
72 $45,743.57 $525.38 $0.00 $258.64 $46,527.59
73 $46,527.59 $525.38 $0.00 $263.07 $47,316.04
74 $47,316.04 $525.38 $0.00 $267.53 $48,108.95
75 $48,108.95 $525.38 $0.00 $272.01 $48,906.34
76 $48,906.34 $525.38 $0.00 $276.52 $49,708.24
77 $49,708.24 $525.38 $0.00 $281.06 $50,514.68
78 $50,514.68 $525.38 $0.00 $285.62 $51,325.68
79 $51,325.68 $525.38 $0.00 $290.20 $52,141.26
80 $52,141.26 $525.38 $0.00 $294.81 $52,961.45
81 $52,961.45 $525.38 $0.00 $299.45 $53,786.28
82 $53,786.28 $525.38 $0.00 $304.12 $54,615.78
83 $54,615.78 $525.38 $0.00 $308.81 $55,449.97
84 $55,449.97 $525.38 $0.00 $313.52 $56,288.87
85 $56,288.87 $525.38 $0.00 $318.27 $57,132.52
86 $57,132.52 $525.38 $0.00 $323.04 $57,980.94
87 $57,980.94 $525.38 $0.00 $327.83 $58,834.15
88 $58,834.15 $525.38 $0.00 $332.66 $59,692.19
89 $59,692.19 $525.38 $0.00 $337.51 $60,555.08
90 $60,555.08 $525.38 $0.00 $342.39 $61,422.85
91 $61,422.85 $525.38 $0.00 $347.29 $62,295.52
92 $62,295.52 $525.38 $0.00 $352.23 $63,173.13
93 $63,173.13 $525.38 $0.00 $357.19 $64,055.70
94 $64,055.70 $525.38 $0.00 $362.18 $64,943.26
95 $64,943.26 $525.38 $0.00 $367.20 $65,835.84
96 $65,835.84 $525.38 $0.00 $372.25 $66,733.47
97 $66,733.47 $525.38 $0.00 $377.32 $67,636.17
98 $67,636.17 $525.38 $0.00 $382.42 $68,543.97
99 $68,543.97 $525.38 $0.00 $387.56 $69,456.91
100 $69,456.91 $525.38 $0.00 $392.72 $70,375.01
101 $70,375.01 $525.38 $0.00 $397.91 $71,298.30
102 $71,298.30 $525.38 $0.00 $403.13 $72,226.81
103 $72,226.81 $525.38 $0.00 $408.38 $73,160.57
104 $73,160.57 $525.38 $0.00 $413.66 $74,099.61
105 $74,099.61 $525.38 $0.00 $418.97 $75,043.96
106 $75,043.96 $525.38 $0.00 $424.31 $75,993.65
107 $75,993.65 $525.38 $0.00 $429.68 $76,948.71
108 $76,948.71 $525.38 $0.00 $435.08 $77,909.17
109 $77,909.17 $525.38 $0.00 $440.51 $78,875.06
110 $78,875.06 $525.38 $0.00 $445.97 $79,846.41
111 $79,846.41 $525.38 $0.00 $451.46 $80,823.25
112 $80,823.25 $525.38 $0.00 $456.99 $81,805.62
113 $81,805.62 $525.38 $0.00 $462.54 $82,793.54
114 $82,793.54 $525.38 $0.00 $468.13 $83,787.05
115 $83,787.05 $525.38 $0.00 $473.74 $84,786.17
116 $84,786.17 $525.38 $0.00 $479.39 $85,790.94
117 $85,790.94 $525.38 $0.00 $485.07 $86,801.39
118 $86,801.39 $525.38 $0.00 $490.79 $87,817.56
119 $87,817.56 $525.38 $0.00 $496.53 $88,839.47
120 $88,839.47 $525.38 $0.00 $502.31 $89,867.16
121 $89,867.16 $525.38 $0.00 $508.12 $90,900.66
122 $90,900.66 $525.38 $0.00 $513.97 $91,940.01
123 $91,940.01 $525.38 $0.00 $519.84 $92,985.23
124 $92,985.23 $525.38 $0.00 $525.75 $94,036.36
125 $94,036.36 $525.38 $0.00 $531.70 $95,093.44
126 $95,093.44 $525.38 $0.00 $537.67 $96,156.49
127 $96,156.49 $525.38 $0.00 $543.68 $97,225.55
128 $97,225.55 $525.38 $0.00 $549.73 $98,300.66
129 $98,300.66 $525.38 $0.00 $555.81 $99,381.85
130 $99,381.85 $525.38 $0.00 $561.92 $100,469.15
131 $100,469.15 $525.38 $0.00 $568.07 $101,562.60
132 $101,562.60 $525.38 $0.00 $574.25 $102,662.23
133 $102,662.23 $525.38 $0.00 $580.47 $103,768.08
134 $103,768.08 $525.38 $0.00 $586.72 $104,880.18
135 $104,880.18 $525.38 $0.00 $593.01 $105,998.57
136 $105,998.57 $525.38 $0.00 $599.33 $107,123.28
137 $107,123.28 $525.38 $0.00 $605.69 $108,254.35
138 $108,254.35 $525.38 $0.00 $612.09 $109,391.82
139 $109,391.82 $525.38 $0.00 $618.52 $110,535.72
140 $110,535.72 $525.38 $0.00 $624.99 $111,686.09
141 $111,686.09 $525.38 $0.00 $631.49 $112,842.96
142 $112,842.96 $525.38 $0.00 $638.03 $114,006.37
143 $114,006.37 $525.38 $0.00 $644.61 $115,176.36
144 $115,176.36 $525.38 $0.00 $651.22 $116,352.96
145 $116,352.96 $525.38 $0.00 $657.88 $117,536.22
146 $117,536.22 $525.38 $0.00 $664.57 $118,726.17
147 $118,726.17 $525.38 $0.00 $671.30 $119,922.85
148 $119,922.85 $525.38 $0.00 $678.06 $121,126.29
149 $121,126.29 $525.38 $0.00 $684.87 $122,336.54
150 $122,336.54 $525.38 $0.00 $691.71 $123,553.63
151 $123,553.63 $525.38 $0.00 $698.59 $124,777.60
152 $124,777.60 $525.38 $0.00 $705.51 $126,008.49
153 $126,008.49 $525.38 $0.00 $712.47 $127,246.34
154 $127,246.34 $525.38 $0.00 $719.47 $128,491.19
155 $128,491.19 $525.38 $0.00 $726.51 $129,743.08
156 $129,743.08 $525.38 $0.00 $733.59 $131,002.05
157 $131,002.05 $525.38 $0.00 $740.70 $132,268.13
158 $132,268.13 $525.38 $0.00 $747.86 $133,541.37
159 $133,541.37 $525.38 $0.00 $755.06 $134,821.81
160 $134,821.81 $525.38 $0.00 $762.30 $136,109.49
161 $136,109.49 $525.38 $0.00 $769.58 $137,404.45
162 $137,404.45 $525.38 $0.00 $776.90 $138,706.73
163 $138,706.73 $525.38 $0.00 $784.27 $140,016.38
164 $140,016.38 $525.38 $0.00 $791.67 $141,333.43
165 $141,333.43 $525.38 $0.00 $799.12 $142,657.93
166 $142,657.93 $525.38 $0.00 $806.61 $143,989.92
167 $143,989.92 $525.38 $0.00 $814.14 $145,329.44
168 $145,329.44 $525.38 $0.00 $821.71 $146,676.53
169 $146,676.53 $525.38 $0.00 $829.33 $148,031.24
170 $148,031.24 $525.38 $0.00 $836.99 $149,393.61
171 $149,393.61 $525.38 $0.00 $844.69 $150,763.68
172 $150,763.68 $525.38 $0.00 $852.44 $152,141.50
173 $152,141.50 $525.38 $0.00 $860.23 $153,527.11
174 $153,527.11 $525.38 $0.00 $868.06 $154,920.55
175 $154,920.55 $525.38 $0.00 $875.94 $156,321.87
176 $156,321.87 $525.38 $0.00 $883.87 $157,731.12
177 $157,731.12 $525.38 $0.00 $891.83 $159,148.33
178 $159,148.33 $525.38 $0.00 $899.85 $160,573.56
179 $160,573.56 $525.38 $0.00 $907.91 $162,006.85
180 $162,006.85 $525.38 $0.00 $916.01 $163,448.24
181 $163,448.24 $525.38 $0.00 $924.16 $164,897.78
182 $164,897.78 $525.38 $0.00 $932.36 $166,355.52
183 $166,355.52 $525.38 $0.00 $940.60 $167,821.50
184 $167,821.50 $525.38 $0.00 $948.89 $169,295.77
185 $169,295.77 $525.38 $0.00 $957.22 $170,778.37
186 $170,778.37 $525.38 $0.00 $965.61 $172,269.36
187 $172,269.36 $525.38 $0.00 $974.04 $173,768.78
188 $173,768.78 $525.38 $0.00 $982.51 $175,276.67
189 $175,276.67 $525.38 $0.00 $991.04 $176,793.09
190 $176,793.09 $525.38 $0.00 $999.61 $178,318.08
191 $178,318.08 $525.38 $0.00 $1,008.24 $179,851.70
192 $179,851.70 $525.38 $0.00 $1,016.91 $181,393.99
193 $181,393.99 $525.38 $0.00 $1,025.63 $182,945.00
194 $182,945.00 $525.38 $0.00 $1,034.40 $184,504.78
195 $184,504.78 $525.38 $0.00 $1,043.22 $186,073.38
196 $186,073.38 $525.38 $0.00 $1,052.09 $187,650.85
197 $187,650.85 $525.38 $0.00 $1,061.01 $189,237.24
198 $189,237.24 $525.38 $0.00 $1,069.97 $190,832.59
199 $190,832.59 $525.38 $0.00 $1,079.00 $192,436.97
200 $192,436.97 $525.38 $0.00 $1,088.07 $194,050.42
201 $194,050.42 $525.38 $0.00 $1,097.19 $195,672.99
202 $195,672.99 $525.38 $0.00 $1,106.36 $197,304.73
203 $197,304.73 $525.38 $0.00 $1,115.59 $198,945.70
204 $198,945.70 $525.38 $0.00 $1,124.87 $200,595.95
205 $200,595.95 $525.38 $0.00 $1,134.20 $202,255.53
206 $202,255.53 $525.38 $0.00 $1,143.58 $203,924.49
207 $203,924.49 $525.38 $0.00 $1,153.02 $205,602.89
208 $205,602.89 $525.38 $0.00 $1,162.51 $207,290.78
209 $207,290.78 $525.38 $0.00 $1,172.05 $208,988.21
210 $208,988.21 $525.38 $0.00 $1,181.65 $210,695.24
211 $210,695.24 $525.38 $0.00 $1,191.30 $212,411.92
212 $212,411.92 $525.38 $0.00 $1,201.01 $214,138.31
213 $214,138.31 $525.38 $0.00 $1,210.77 $215,874.46
214 $215,874.46 $525.38 $0.00 $1,220.59 $217,620.43
215 $217,620.43 $525.38 $0.00 $1,230.46 $219,376.27
216 $219,376.27 $525.38 $0.00 $1,240.39 $221,142.04
217 $221,142.04 $525.38 $61,595.01 $1,250.37 $161,322.78
218 $161,322.78 $525.38 $0.00 $912.14 $162,760.30
219 $162,760.30 $525.38 $0.00 $920.27 $164,205.95
220 $164,205.95 $525.38 $0.00 $928.44 $165,659.77
221 $165,659.77 $525.38 $0.00 $936.66 $167,121.81
222 $167,121.81 $525.38 $0.00 $944.93 $168,592.12
223 $168,592.12 $525.38 $0.00 $953.24 $170,070.74
224 $170,070.74 $525.38 $0.00 $961.60 $171,557.72
225 $171,557.72 $525.38 $0.00 $970.01 $173,053.11
226 $173,053.11 $525.38 $0.00 $978.47 $174,556.96
227 $174,556.96 $525.38 $0.00 $986.97 $176,069.31
228 $176,069.31 $525.38 $0.00 $995.52 $177,590.21
229 $177,590.21 $525.38 $64,674.76 $1,004.12 $114,444.95
230 $114,444.95 $525.38 $0.00 $647.09 $115,617.42
231 $115,617.42 $525.38 $0.00 $653.72 $116,796.52
232 $116,796.52 $525.38 $0.00 $660.38 $117,982.28
233 $117,982.28 $525.38 $0.00 $667.09 $119,174.75
234 $119,174.75 $525.38 $0.00 $673.83 $120,373.96
235 $120,373.96 $525.38 $0.00 $680.61 $121,579.95
236 $121,579.95 $525.38 $0.00 $687.43 $122,792.76
237 $122,792.76 $525.38 $0.00 $694.29 $124,012.43
238 $124,012.43 $525.38 $0.00 $701.18 $125,238.99
239 $125,238.99 $525.38 $0.00 $708.12 $126,472.49
240 $126,472.49 $525.38 $0.00 $715.09 $127,712.96
241 $127,712.96 $525.38 $67,908.50 $722.11 $61,051.95
242 $61,051.95 $525.38 $0.00 $345.20 $61,922.53
243 $61,922.53 $525.38 $0.00 $350.12 $62,798.03
244 $62,798.03 $525.38 $0.00 $355.07 $63,678.48
245 $63,678.48 $525.38 $0.00 $360.05 $64,563.91
246 $64,563.91 $525.38 $0.00 $365.05 $65,454.34
247 $65,454.34 $525.38 $0.00 $370.09 $66,349.81
248 $66,349.81 $525.38 $0.00 $375.15 $67,250.34
249 $67,250.34 $525.38 $0.00 $380.24 $68,155.96
250 $68,155.96 $525.38 $0.00 $385.36 $69,066.70
251 $69,066.70 $525.38 $0.00 $390.51 $69,982.59
252 $69,982.59 $525.38 $0.00 $395.69 $70,903.66
253 $70,903.66 $0.00 $71,303.93 $400.90 $0.63