Savings Plan and Future Cost Estimation for Old Dominion University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$72,838
Monthly savings required$577

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 $291,352.04 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $576.57 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$28,088.00
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 $576.57 $0.00 $0.00 $576.57
2 $576.57 $576.57 $0.00 $3.26 $1,156.40
3 $1,156.40 $576.57 $0.00 $6.54 $1,739.51
4 $1,739.51 $576.57 $0.00 $9.84 $2,325.92
5 $2,325.92 $576.57 $0.00 $13.15 $2,915.64
6 $2,915.64 $576.57 $0.00 $16.49 $3,508.70
7 $3,508.70 $576.57 $0.00 $19.84 $4,105.11
8 $4,105.11 $576.57 $0.00 $23.21 $4,704.89
9 $4,704.89 $576.57 $0.00 $26.60 $5,308.06
10 $5,308.06 $576.57 $0.00 $30.01 $5,914.64
11 $5,914.64 $576.57 $0.00 $33.44 $6,524.65
12 $6,524.65 $576.57 $0.00 $36.89 $7,138.11
13 $7,138.11 $576.57 $0.00 $40.36 $7,755.04
14 $7,755.04 $576.57 $0.00 $43.85 $8,375.46
15 $8,375.46 $576.57 $0.00 $47.36 $8,999.39
16 $8,999.39 $576.57 $0.00 $50.88 $9,626.84
17 $9,626.84 $576.57 $0.00 $54.43 $10,257.84
18 $10,257.84 $576.57 $0.00 $58.00 $10,892.41
19 $10,892.41 $576.57 $0.00 $61.59 $11,530.57
20 $11,530.57 $576.57 $0.00 $65.20 $12,172.34
21 $12,172.34 $576.57 $0.00 $68.82 $12,817.73
22 $12,817.73 $576.57 $0.00 $72.47 $13,466.77
23 $13,466.77 $576.57 $0.00 $76.14 $14,119.48
24 $14,119.48 $576.57 $0.00 $79.83 $14,775.88
25 $14,775.88 $576.57 $0.00 $83.54 $15,435.99
26 $15,435.99 $576.57 $0.00 $87.28 $16,099.84
27 $16,099.84 $576.57 $0.00 $91.03 $16,767.44
28 $16,767.44 $576.57 $0.00 $94.81 $17,438.82
29 $17,438.82 $576.57 $0.00 $98.60 $18,113.99
30 $18,113.99 $576.57 $0.00 $102.42 $18,792.98
31 $18,792.98 $576.57 $0.00 $106.26 $19,475.81
32 $19,475.81 $576.57 $0.00 $110.12 $20,162.50
33 $20,162.50 $576.57 $0.00 $114.00 $20,853.07
34 $20,853.07 $576.57 $0.00 $117.91 $21,547.55
35 $21,547.55 $576.57 $0.00 $121.83 $22,245.95
36 $22,245.95 $576.57 $0.00 $125.78 $22,948.30
37 $22,948.30 $576.57 $0.00 $129.75 $23,654.62
38 $23,654.62 $576.57 $0.00 $133.75 $24,364.94
39 $24,364.94 $576.57 $0.00 $137.76 $25,079.27
40 $25,079.27 $576.57 $0.00 $141.80 $25,797.64
41 $25,797.64 $576.57 $0.00 $145.86 $26,520.07
42 $26,520.07 $576.57 $0.00 $149.95 $27,246.59
43 $27,246.59 $576.57 $0.00 $154.06 $27,977.22
44 $27,977.22 $576.57 $0.00 $158.19 $28,711.98
45 $28,711.98 $576.57 $0.00 $162.34 $29,450.89
46 $29,450.89 $576.57 $0.00 $166.52 $30,193.98
47 $30,193.98 $576.57 $0.00 $170.72 $30,941.27
48 $30,941.27 $576.57 $0.00 $174.95 $31,692.79
49 $31,692.79 $576.57 $0.00 $179.20 $32,448.56
50 $32,448.56 $576.57 $0.00 $183.47 $33,208.60
51 $33,208.60 $576.57 $0.00 $187.77 $33,972.94
52 $33,972.94 $576.57 $0.00 $192.09 $34,741.60
53 $34,741.60 $576.57 $0.00 $196.43 $35,514.60
54 $35,514.60 $576.57 $0.00 $200.80 $36,291.97
55 $36,291.97 $576.57 $0.00 $205.20 $37,073.74
56 $37,073.74 $576.57 $0.00 $209.62 $37,859.93
57 $37,859.93 $576.57 $0.00 $214.07 $38,650.57
58 $38,650.57 $576.57 $0.00 $218.54 $39,445.68
59 $39,445.68 $576.57 $0.00 $223.03 $40,245.28
60 $40,245.28 $576.57 $0.00 $227.55 $41,049.40
61 $41,049.40 $576.57 $0.00 $232.10 $41,858.07
62 $41,858.07 $576.57 $0.00 $236.67 $42,671.31
63 $42,671.31 $576.57 $0.00 $241.27 $43,489.15
64 $43,489.15 $576.57 $0.00 $245.89 $44,311.61
65 $44,311.61 $576.57 $0.00 $250.54 $45,138.72
66 $45,138.72 $576.57 $0.00 $255.22 $45,970.51
67 $45,970.51 $576.57 $0.00 $259.92 $46,807.00
68 $46,807.00 $576.57 $0.00 $264.65 $47,648.22
69 $47,648.22 $576.57 $0.00 $269.41 $48,494.20
70 $48,494.20 $576.57 $0.00 $274.19 $49,344.96
71 $49,344.96 $576.57 $0.00 $279.00 $50,200.53
72 $50,200.53 $576.57 $0.00 $283.84 $51,060.94
73 $51,060.94 $576.57 $0.00 $288.71 $51,926.22
74 $51,926.22 $576.57 $0.00 $293.60 $52,796.39
75 $52,796.39 $576.57 $0.00 $298.52 $53,671.48
76 $53,671.48 $576.57 $0.00 $303.47 $54,551.52
77 $54,551.52 $576.57 $0.00 $308.44 $55,436.53
78 $55,436.53 $576.57 $0.00 $313.45 $56,326.55
79 $56,326.55 $576.57 $0.00 $318.48 $57,221.60
80 $57,221.60 $576.57 $0.00 $323.54 $58,121.71
81 $58,121.71 $576.57 $0.00 $328.63 $59,026.91
82 $59,026.91 $576.57 $0.00 $333.75 $59,937.23
83 $59,937.23 $576.57 $0.00 $338.89 $60,852.69
84 $60,852.69 $576.57 $0.00 $344.07 $61,773.33
85 $61,773.33 $576.57 $0.00 $349.28 $62,699.18
86 $62,699.18 $576.57 $0.00 $354.51 $63,630.26
87 $63,630.26 $576.57 $0.00 $359.77 $64,566.60
88 $64,566.60 $576.57 $0.00 $365.07 $65,508.24
89 $65,508.24 $576.57 $0.00 $370.39 $66,455.20
90 $66,455.20 $576.57 $0.00 $375.75 $67,407.52
91 $67,407.52 $576.57 $0.00 $381.13 $68,365.22
92 $68,365.22 $576.57 $0.00 $386.55 $69,328.34
93 $69,328.34 $576.57 $0.00 $391.99 $70,296.90
94 $70,296.90 $576.57 $0.00 $397.47 $71,270.94
95 $71,270.94 $576.57 $0.00 $402.98 $72,250.49
96 $72,250.49 $576.57 $0.00 $408.51 $73,235.57
97 $73,235.57 $576.57 $0.00 $414.08 $74,226.22
98 $74,226.22 $576.57 $0.00 $419.69 $75,222.48
99 $75,222.48 $576.57 $0.00 $425.32 $76,224.37
100 $76,224.37 $576.57 $0.00 $430.98 $77,231.92
101 $77,231.92 $576.57 $0.00 $436.68 $78,245.17
102 $78,245.17 $576.57 $0.00 $442.41 $79,264.15
103 $79,264.15 $576.57 $0.00 $448.17 $80,288.89
104 $80,288.89 $576.57 $0.00 $453.97 $81,319.43
105 $81,319.43 $576.57 $0.00 $459.79 $82,355.79
106 $82,355.79 $576.57 $0.00 $465.65 $83,398.01
107 $83,398.01 $576.57 $0.00 $471.54 $84,446.12
108 $84,446.12 $576.57 $0.00 $477.47 $85,500.16
109 $85,500.16 $576.57 $0.00 $483.43 $86,560.16
110 $86,560.16 $576.57 $0.00 $489.42 $87,626.15
111 $87,626.15 $576.57 $0.00 $495.45 $88,698.17
112 $88,698.17 $576.57 $0.00 $501.51 $89,776.25
113 $89,776.25 $576.57 $0.00 $507.61 $90,860.43
114 $90,860.43 $576.57 $0.00 $513.74 $91,950.74
115 $91,950.74 $576.57 $0.00 $519.90 $93,047.21
116 $93,047.21 $576.57 $0.00 $526.10 $94,149.88
117 $94,149.88 $576.57 $0.00 $532.34 $95,258.79
118 $95,258.79 $576.57 $0.00 $538.61 $96,373.97
119 $96,373.97 $576.57 $0.00 $544.91 $97,495.45
120 $97,495.45 $576.57 $0.00 $551.25 $98,623.27
121 $98,623.27 $576.57 $0.00 $557.63 $99,757.47
122 $99,757.47 $576.57 $0.00 $564.04 $100,898.08
123 $100,898.08 $576.57 $0.00 $570.49 $102,045.14
124 $102,045.14 $576.57 $0.00 $576.98 $103,198.69
125 $103,198.69 $576.57 $0.00 $583.50 $104,358.76
126 $104,358.76 $576.57 $0.00 $590.06 $105,525.39
127 $105,525.39 $576.57 $0.00 $596.66 $106,698.62
128 $106,698.62 $576.57 $0.00 $603.29 $107,878.48
129 $107,878.48 $576.57 $0.00 $609.96 $109,065.01
130 $109,065.01 $576.57 $0.00 $616.67 $110,258.25
131 $110,258.25 $576.57 $0.00 $623.42 $111,458.24
132 $111,458.24 $576.57 $0.00 $630.20 $112,665.01
133 $112,665.01 $576.57 $0.00 $637.02 $113,878.60
134 $113,878.60 $576.57 $0.00 $643.89 $115,099.06
135 $115,099.06 $576.57 $0.00 $650.79 $116,326.42
136 $116,326.42 $576.57 $0.00 $657.73 $117,560.72
137 $117,560.72 $576.57 $0.00 $664.71 $118,802.00
138 $118,802.00 $576.57 $0.00 $671.72 $120,050.29
139 $120,050.29 $576.57 $0.00 $678.78 $121,305.64
140 $121,305.64 $576.57 $0.00 $685.88 $122,568.09
141 $122,568.09 $576.57 $0.00 $693.02 $123,837.68
142 $123,837.68 $576.57 $0.00 $700.20 $125,114.45
143 $125,114.45 $576.57 $0.00 $707.42 $126,398.44
144 $126,398.44 $576.57 $0.00 $714.68 $127,689.69
145 $127,689.69 $576.57 $0.00 $721.98 $128,988.24
146 $128,988.24 $576.57 $0.00 $729.32 $130,294.13
147 $130,294.13 $576.57 $0.00 $736.70 $131,607.40
148 $131,607.40 $576.57 $0.00 $744.13 $132,928.10
149 $132,928.10 $576.57 $0.00 $751.59 $134,256.26
150 $134,256.26 $576.57 $0.00 $759.10 $135,591.93
151 $135,591.93 $576.57 $0.00 $766.66 $136,935.16
152 $136,935.16 $576.57 $0.00 $774.25 $138,285.98
153 $138,285.98 $576.57 $0.00 $781.89 $139,644.44
154 $139,644.44 $576.57 $0.00 $789.57 $141,010.58
155 $141,010.58 $576.57 $0.00 $797.29 $142,384.44
156 $142,384.44 $576.57 $0.00 $805.06 $143,766.07
157 $143,766.07 $576.57 $0.00 $812.87 $145,155.51
158 $145,155.51 $576.57 $0.00 $820.73 $146,552.81
159 $146,552.81 $576.57 $0.00 $828.63 $147,958.01
160 $147,958.01 $576.57 $0.00 $836.58 $149,371.16
161 $149,371.16 $576.57 $0.00 $844.57 $150,792.30
162 $150,792.30 $576.57 $0.00 $852.60 $152,221.47
163 $152,221.47 $576.57 $0.00 $860.68 $153,658.72
164 $153,658.72 $576.57 $0.00 $868.81 $155,104.10
165 $155,104.10 $576.57 $0.00 $876.98 $156,557.65
166 $156,557.65 $576.57 $0.00 $885.20 $158,019.42
167 $158,019.42 $576.57 $0.00 $893.46 $159,489.45
168 $159,489.45 $576.57 $0.00 $901.78 $160,967.80
169 $160,967.80 $576.57 $0.00 $910.14 $162,454.51
170 $162,454.51 $576.57 $0.00 $918.54 $163,949.62
171 $163,949.62 $576.57 $0.00 $926.99 $165,453.18
172 $165,453.18 $576.57 $0.00 $935.50 $166,965.25
173 $166,965.25 $576.57 $0.00 $944.05 $168,485.87
174 $168,485.87 $576.57 $0.00 $952.64 $170,015.08
175 $170,015.08 $576.57 $0.00 $961.29 $171,552.94
176 $171,552.94 $576.57 $0.00 $969.99 $173,099.50
177 $173,099.50 $576.57 $0.00 $978.73 $174,654.80
178 $174,654.80 $576.57 $0.00 $987.52 $176,218.89
179 $176,218.89 $576.57 $0.00 $996.37 $177,791.83
180 $177,791.83 $576.57 $0.00 $1,005.26 $179,373.66
181 $179,373.66 $576.57 $0.00 $1,014.20 $180,964.43
182 $180,964.43 $576.57 $0.00 $1,023.20 $182,564.20
183 $182,564.20 $576.57 $0.00 $1,032.24 $184,173.01
184 $184,173.01 $576.57 $0.00 $1,041.34 $185,790.92
185 $185,790.92 $576.57 $0.00 $1,050.49 $187,417.98
186 $187,417.98 $576.57 $0.00 $1,059.69 $189,054.24
187 $189,054.24 $576.57 $0.00 $1,068.94 $190,699.75
188 $190,699.75 $576.57 $0.00 $1,078.24 $192,354.56
189 $192,354.56 $576.57 $0.00 $1,087.60 $194,018.73
190 $194,018.73 $576.57 $0.00 $1,097.01 $195,692.31
191 $195,692.31 $576.57 $0.00 $1,106.47 $197,375.35
192 $197,375.35 $576.57 $0.00 $1,115.99 $199,067.91
193 $199,067.91 $576.57 $0.00 $1,125.56 $200,770.04
194 $200,770.04 $576.57 $0.00 $1,135.18 $202,481.79
195 $202,481.79 $576.57 $0.00 $1,144.86 $204,203.22
196 $204,203.22 $576.57 $0.00 $1,154.59 $205,934.38
197 $205,934.38 $576.57 $0.00 $1,164.38 $207,675.33
198 $207,675.33 $576.57 $0.00 $1,174.23 $209,426.13
199 $209,426.13 $576.57 $0.00 $1,184.13 $211,186.83
200 $211,186.83 $576.57 $0.00 $1,194.08 $212,957.48
201 $212,957.48 $576.57 $0.00 $1,204.09 $214,738.14
202 $214,738.14 $576.57 $0.00 $1,214.16 $216,528.87
203 $216,528.87 $576.57 $0.00 $1,224.29 $218,329.73
204 $218,329.73 $576.57 $0.00 $1,234.47 $220,140.77
205 $220,140.77 $576.57 $0.00 $1,244.71 $221,962.05
206 $221,962.05 $576.57 $0.00 $1,255.01 $223,793.63
207 $223,793.63 $576.57 $0.00 $1,265.36 $225,635.56
208 $225,635.56 $576.57 $0.00 $1,275.78 $227,487.91
209 $227,487.91 $576.57 $0.00 $1,286.25 $229,350.73
210 $229,350.73 $576.57 $0.00 $1,296.78 $231,224.08
211 $231,224.08 $576.57 $0.00 $1,307.37 $233,108.02
212 $233,108.02 $576.57 $0.00 $1,318.03 $235,002.62
213 $235,002.62 $576.57 $0.00 $1,328.74 $236,907.93
214 $236,907.93 $576.57 $0.00 $1,339.51 $238,824.01
215 $238,824.01 $576.57 $0.00 $1,350.35 $240,750.93
216 $240,750.93 $576.57 $0.00 $1,361.24 $242,688.74
217 $242,688.74 $576.57 $67,597.12 $1,372.20 $177,040.39
218 $177,040.39 $576.57 $0.00 $1,001.01 $178,617.97
219 $178,617.97 $576.57 $0.00 $1,009.93 $180,204.47
220 $180,204.47 $576.57 $0.00 $1,018.90 $181,799.94
221 $181,799.94 $576.57 $0.00 $1,027.92 $183,404.43
222 $183,404.43 $576.57 $0.00 $1,037.00 $185,018.00
223 $185,018.00 $576.57 $0.00 $1,046.12 $186,640.69
224 $186,640.69 $576.57 $0.00 $1,055.29 $188,272.55
225 $188,272.55 $576.57 $0.00 $1,064.52 $189,913.64
226 $189,913.64 $576.57 $0.00 $1,073.80 $191,564.01
227 $191,564.01 $576.57 $0.00 $1,083.13 $193,223.71
228 $193,223.71 $576.57 $0.00 $1,092.51 $194,892.79
229 $194,892.79 $576.57 $70,976.98 $1,101.95 $125,594.33
230 $125,594.33 $576.57 $0.00 $710.13 $126,881.03
231 $126,881.03 $576.57 $0.00 $717.40 $128,175.00
232 $128,175.00 $576.57 $0.00 $724.72 $129,476.29
233 $129,476.29 $576.57 $0.00 $732.08 $130,784.94
234 $130,784.94 $576.57 $0.00 $739.48 $132,100.99
235 $132,100.99 $576.57 $0.00 $746.92 $133,424.48
236 $133,424.48 $576.57 $0.00 $754.40 $134,755.45
237 $134,755.45 $576.57 $0.00 $761.93 $136,093.95
238 $136,093.95 $576.57 $0.00 $769.49 $137,440.01
239 $137,440.01 $576.57 $0.00 $777.11 $138,793.69
240 $138,793.69 $576.57 $0.00 $784.76 $140,155.02
241 $140,155.02 $576.57 $74,525.83 $792.46 $66,998.22
242 $66,998.22 $576.57 $0.00 $378.82 $67,953.61
243 $67,953.61 $576.57 $0.00 $384.22 $68,914.40
244 $68,914.40 $576.57 $0.00 $389.65 $69,880.62
245 $69,880.62 $576.57 $0.00 $395.12 $70,852.31
246 $70,852.31 $576.57 $0.00 $400.61 $71,829.49
247 $71,829.49 $576.57 $0.00 $406.13 $72,812.19
248 $72,812.19 $576.57 $0.00 $411.69 $73,800.45
249 $73,800.45 $576.57 $0.00 $417.28 $74,794.30
250 $74,794.30 $576.57 $0.00 $422.90 $75,793.77
251 $75,793.77 $576.57 $0.00 $428.55 $76,798.89
252 $76,798.89 $576.57 $0.00 $434.23 $77,809.69
253 $77,809.69 $0.00 $78,252.12 $439.95 ($2.48)