Savings Plan and Future Cost Estimation for Randolph Macon College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$149,032
Monthly savings required$1,180

How much will it cost to send your child to Randolph Macon College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $596,126.52 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,179.70 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$57,470.00
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 $1,179.70 $0.00 $0.00 $1,179.70
2 $1,179.70 $1,179.70 $0.00 $6.67 $2,366.07
3 $2,366.07 $1,179.70 $0.00 $13.38 $3,559.15
4 $3,559.15 $1,179.70 $0.00 $20.12 $4,758.97
5 $4,758.97 $1,179.70 $0.00 $26.91 $5,965.58
6 $5,965.58 $1,179.70 $0.00 $33.73 $7,179.01
7 $7,179.01 $1,179.70 $0.00 $40.59 $8,399.30
8 $8,399.30 $1,179.70 $0.00 $47.49 $9,626.49
9 $9,626.49 $1,179.70 $0.00 $54.43 $10,860.62
10 $10,860.62 $1,179.70 $0.00 $61.41 $12,101.73
11 $12,101.73 $1,179.70 $0.00 $68.42 $13,349.85
12 $13,349.85 $1,179.70 $0.00 $75.48 $14,605.03
13 $14,605.03 $1,179.70 $0.00 $82.58 $15,867.31
14 $15,867.31 $1,179.70 $0.00 $89.72 $17,136.73
15 $17,136.73 $1,179.70 $0.00 $96.89 $18,413.32
16 $18,413.32 $1,179.70 $0.00 $104.11 $19,697.13
17 $19,697.13 $1,179.70 $0.00 $111.37 $20,988.20
18 $20,988.20 $1,179.70 $0.00 $118.67 $22,286.57
19 $22,286.57 $1,179.70 $0.00 $126.01 $23,592.28
20 $23,592.28 $1,179.70 $0.00 $133.39 $24,905.37
21 $24,905.37 $1,179.70 $0.00 $140.82 $26,225.89
22 $26,225.89 $1,179.70 $0.00 $148.28 $27,553.87
23 $27,553.87 $1,179.70 $0.00 $155.79 $28,889.36
24 $28,889.36 $1,179.70 $0.00 $163.34 $30,232.40
25 $30,232.40 $1,179.70 $0.00 $170.94 $31,583.04
26 $31,583.04 $1,179.70 $0.00 $178.58 $32,941.32
27 $32,941.32 $1,179.70 $0.00 $186.26 $34,307.28
28 $34,307.28 $1,179.70 $0.00 $193.98 $35,680.96
29 $35,680.96 $1,179.70 $0.00 $201.75 $37,062.41
30 $37,062.41 $1,179.70 $0.00 $209.56 $38,451.67
31 $38,451.67 $1,179.70 $0.00 $217.41 $39,848.78
32 $39,848.78 $1,179.70 $0.00 $225.31 $41,253.79
33 $41,253.79 $1,179.70 $0.00 $233.25 $42,666.74
34 $42,666.74 $1,179.70 $0.00 $241.24 $44,087.68
35 $44,087.68 $1,179.70 $0.00 $249.28 $45,516.66
36 $45,516.66 $1,179.70 $0.00 $257.36 $46,953.72
37 $46,953.72 $1,179.70 $0.00 $265.48 $48,398.90
38 $48,398.90 $1,179.70 $0.00 $273.65 $49,852.25
39 $49,852.25 $1,179.70 $0.00 $281.87 $51,313.82
40 $51,313.82 $1,179.70 $0.00 $290.14 $52,783.66
41 $52,783.66 $1,179.70 $0.00 $298.45 $54,261.81
42 $54,261.81 $1,179.70 $0.00 $306.80 $55,748.31
43 $55,748.31 $1,179.70 $0.00 $315.21 $57,243.22
44 $57,243.22 $1,179.70 $0.00 $323.66 $58,746.58
45 $58,746.58 $1,179.70 $0.00 $332.16 $60,258.44
46 $60,258.44 $1,179.70 $0.00 $340.71 $61,778.85
47 $61,778.85 $1,179.70 $0.00 $349.31 $63,307.86
48 $63,307.86 $1,179.70 $0.00 $357.95 $64,845.51
49 $64,845.51 $1,179.70 $0.00 $366.65 $66,391.86
50 $66,391.86 $1,179.70 $0.00 $375.39 $67,946.95
51 $67,946.95 $1,179.70 $0.00 $384.18 $69,510.83
52 $69,510.83 $1,179.70 $0.00 $393.02 $71,083.55
53 $71,083.55 $1,179.70 $0.00 $401.92 $72,665.17
54 $72,665.17 $1,179.70 $0.00 $410.86 $74,255.73
55 $74,255.73 $1,179.70 $0.00 $419.85 $75,855.28
56 $75,855.28 $1,179.70 $0.00 $428.90 $77,463.88
57 $77,463.88 $1,179.70 $0.00 $437.99 $79,081.57
58 $79,081.57 $1,179.70 $0.00 $447.14 $80,708.41
59 $80,708.41 $1,179.70 $0.00 $456.34 $82,344.45
60 $82,344.45 $1,179.70 $0.00 $465.59 $83,989.74
61 $83,989.74 $1,179.70 $0.00 $474.89 $85,644.33
62 $85,644.33 $1,179.70 $0.00 $484.25 $87,308.28
63 $87,308.28 $1,179.70 $0.00 $493.65 $88,981.63
64 $88,981.63 $1,179.70 $0.00 $503.12 $90,664.45
65 $90,664.45 $1,179.70 $0.00 $512.63 $92,356.78
66 $92,356.78 $1,179.70 $0.00 $522.20 $94,058.68
67 $94,058.68 $1,179.70 $0.00 $531.82 $95,770.20
68 $95,770.20 $1,179.70 $0.00 $541.50 $97,491.40
69 $97,491.40 $1,179.70 $0.00 $551.23 $99,222.33
70 $99,222.33 $1,179.70 $0.00 $561.02 $100,963.05
71 $100,963.05 $1,179.70 $0.00 $570.86 $102,713.61
72 $102,713.61 $1,179.70 $0.00 $580.76 $104,474.07
73 $104,474.07 $1,179.70 $0.00 $590.71 $106,244.48
74 $106,244.48 $1,179.70 $0.00 $600.72 $108,024.90
75 $108,024.90 $1,179.70 $0.00 $610.79 $109,815.39
76 $109,815.39 $1,179.70 $0.00 $620.91 $111,616.00
77 $111,616.00 $1,179.70 $0.00 $631.09 $113,426.79
78 $113,426.79 $1,179.70 $0.00 $641.33 $115,247.82
79 $115,247.82 $1,179.70 $0.00 $651.63 $117,079.15
80 $117,079.15 $1,179.70 $0.00 $661.98 $118,920.83
81 $118,920.83 $1,179.70 $0.00 $672.40 $120,772.93
82 $120,772.93 $1,179.70 $0.00 $682.87 $122,635.50
83 $122,635.50 $1,179.70 $0.00 $693.40 $124,508.60
84 $124,508.60 $1,179.70 $0.00 $703.99 $126,392.29
85 $126,392.29 $1,179.70 $0.00 $714.64 $128,286.63
86 $128,286.63 $1,179.70 $0.00 $725.35 $130,191.68
87 $130,191.68 $1,179.70 $0.00 $736.12 $132,107.50
88 $132,107.50 $1,179.70 $0.00 $746.96 $134,034.16
89 $134,034.16 $1,179.70 $0.00 $757.85 $135,971.71
90 $135,971.71 $1,179.70 $0.00 $768.80 $137,920.21
91 $137,920.21 $1,179.70 $0.00 $779.82 $139,879.73
92 $139,879.73 $1,179.70 $0.00 $790.90 $141,850.33
93 $141,850.33 $1,179.70 $0.00 $802.04 $143,832.07
94 $143,832.07 $1,179.70 $0.00 $813.25 $145,825.02
95 $145,825.02 $1,179.70 $0.00 $824.52 $147,829.24
96 $147,829.24 $1,179.70 $0.00 $835.85 $149,844.79
97 $149,844.79 $1,179.70 $0.00 $847.24 $151,871.73
98 $151,871.73 $1,179.70 $0.00 $858.70 $153,910.13
99 $153,910.13 $1,179.70 $0.00 $870.23 $155,960.06
100 $155,960.06 $1,179.70 $0.00 $881.82 $158,021.58
101 $158,021.58 $1,179.70 $0.00 $893.48 $160,094.76
102 $160,094.76 $1,179.70 $0.00 $905.20 $162,179.66
103 $162,179.66 $1,179.70 $0.00 $916.99 $164,276.35
104 $164,276.35 $1,179.70 $0.00 $928.84 $166,384.89
105 $166,384.89 $1,179.70 $0.00 $940.76 $168,505.35
106 $168,505.35 $1,179.70 $0.00 $952.75 $170,637.80
107 $170,637.80 $1,179.70 $0.00 $964.81 $172,782.31
108 $172,782.31 $1,179.70 $0.00 $976.94 $174,938.95
109 $174,938.95 $1,179.70 $0.00 $989.13 $177,107.78
110 $177,107.78 $1,179.70 $0.00 $1,001.39 $179,288.87
111 $179,288.87 $1,179.70 $0.00 $1,013.73 $181,482.30
112 $181,482.30 $1,179.70 $0.00 $1,026.13 $183,688.13
113 $183,688.13 $1,179.70 $0.00 $1,038.60 $185,906.43
114 $185,906.43 $1,179.70 $0.00 $1,051.14 $188,137.27
115 $188,137.27 $1,179.70 $0.00 $1,063.76 $190,380.73
116 $190,380.73 $1,179.70 $0.00 $1,076.44 $192,636.87
117 $192,636.87 $1,179.70 $0.00 $1,089.20 $194,905.77
118 $194,905.77 $1,179.70 $0.00 $1,102.03 $197,187.50
119 $197,187.50 $1,179.70 $0.00 $1,114.93 $199,482.13
120 $199,482.13 $1,179.70 $0.00 $1,127.90 $201,789.73
121 $201,789.73 $1,179.70 $0.00 $1,140.95 $204,110.38
122 $204,110.38 $1,179.70 $0.00 $1,154.07 $206,444.15
123 $206,444.15 $1,179.70 $0.00 $1,167.27 $208,791.12
124 $208,791.12 $1,179.70 $0.00 $1,180.54 $211,151.36
125 $211,151.36 $1,179.70 $0.00 $1,193.88 $213,524.94
126 $213,524.94 $1,179.70 $0.00 $1,207.30 $215,911.94
127 $215,911.94 $1,179.70 $0.00 $1,220.80 $218,312.44
128 $218,312.44 $1,179.70 $0.00 $1,234.37 $220,726.51
129 $220,726.51 $1,179.70 $0.00 $1,248.02 $223,154.23
130 $223,154.23 $1,179.70 $0.00 $1,261.75 $225,595.68
131 $225,595.68 $1,179.70 $0.00 $1,275.55 $228,050.93
132 $228,050.93 $1,179.70 $0.00 $1,289.43 $230,520.06
133 $230,520.06 $1,179.70 $0.00 $1,303.39 $233,003.15
134 $233,003.15 $1,179.70 $0.00 $1,317.43 $235,500.28
135 $235,500.28 $1,179.70 $0.00 $1,331.55 $238,011.53
136 $238,011.53 $1,179.70 $0.00 $1,345.75 $240,536.98
137 $240,536.98 $1,179.70 $0.00 $1,360.03 $243,076.71
138 $243,076.71 $1,179.70 $0.00 $1,374.39 $245,630.80
139 $245,630.80 $1,179.70 $0.00 $1,388.83 $248,199.33
140 $248,199.33 $1,179.70 $0.00 $1,403.36 $250,782.39
141 $250,782.39 $1,179.70 $0.00 $1,417.96 $253,380.05
142 $253,380.05 $1,179.70 $0.00 $1,432.65 $255,992.40
143 $255,992.40 $1,179.70 $0.00 $1,447.42 $258,619.52
144 $258,619.52 $1,179.70 $0.00 $1,462.27 $261,261.49
145 $261,261.49 $1,179.70 $0.00 $1,477.21 $263,918.40
146 $263,918.40 $1,179.70 $0.00 $1,492.23 $266,590.33
147 $266,590.33 $1,179.70 $0.00 $1,507.34 $269,277.37
148 $269,277.37 $1,179.70 $0.00 $1,522.53 $271,979.60
149 $271,979.60 $1,179.70 $0.00 $1,537.81 $274,697.11
150 $274,697.11 $1,179.70 $0.00 $1,553.18 $277,429.99
151 $277,429.99 $1,179.70 $0.00 $1,568.63 $280,178.32
152 $280,178.32 $1,179.70 $0.00 $1,584.17 $282,942.19
153 $282,942.19 $1,179.70 $0.00 $1,599.80 $285,721.69
154 $285,721.69 $1,179.70 $0.00 $1,615.51 $288,516.90
155 $288,516.90 $1,179.70 $0.00 $1,631.32 $291,327.92
156 $291,327.92 $1,179.70 $0.00 $1,647.21 $294,154.83
157 $294,154.83 $1,179.70 $0.00 $1,663.19 $296,997.72
158 $296,997.72 $1,179.70 $0.00 $1,679.27 $299,856.69
159 $299,856.69 $1,179.70 $0.00 $1,695.43 $302,731.82
160 $302,731.82 $1,179.70 $0.00 $1,711.69 $305,623.21
161 $305,623.21 $1,179.70 $0.00 $1,728.04 $308,530.95
162 $308,530.95 $1,179.70 $0.00 $1,744.48 $311,455.13
163 $311,455.13 $1,179.70 $0.00 $1,761.01 $314,395.84
164 $314,395.84 $1,179.70 $0.00 $1,777.64 $317,353.18
165 $317,353.18 $1,179.70 $0.00 $1,794.36 $320,327.24
166 $320,327.24 $1,179.70 $0.00 $1,811.18 $323,318.12
167 $323,318.12 $1,179.70 $0.00 $1,828.09 $326,325.91
168 $326,325.91 $1,179.70 $0.00 $1,845.09 $329,350.70
169 $329,350.70 $1,179.70 $0.00 $1,862.20 $332,392.60
170 $332,392.60 $1,179.70 $0.00 $1,879.40 $335,451.70
171 $335,451.70 $1,179.70 $0.00 $1,896.69 $338,528.09
172 $338,528.09 $1,179.70 $0.00 $1,914.09 $341,621.88
173 $341,621.88 $1,179.70 $0.00 $1,931.58 $344,733.16
174 $344,733.16 $1,179.70 $0.00 $1,949.17 $347,862.03
175 $347,862.03 $1,179.70 $0.00 $1,966.86 $351,008.59
176 $351,008.59 $1,179.70 $0.00 $1,984.65 $354,172.94
177 $354,172.94 $1,179.70 $0.00 $2,002.55 $357,355.19
178 $357,355.19 $1,179.70 $0.00 $2,020.54 $360,555.43
179 $360,555.43 $1,179.70 $0.00 $2,038.63 $363,773.76
180 $363,773.76 $1,179.70 $0.00 $2,056.83 $367,010.29
181 $367,010.29 $1,179.70 $0.00 $2,075.13 $370,265.12
182 $370,265.12 $1,179.70 $0.00 $2,093.53 $373,538.35
183 $373,538.35 $1,179.70 $0.00 $2,112.04 $376,830.09
184 $376,830.09 $1,179.70 $0.00 $2,130.65 $380,140.44
185 $380,140.44 $1,179.70 $0.00 $2,149.37 $383,469.51
186 $383,469.51 $1,179.70 $0.00 $2,168.19 $386,817.40
187 $386,817.40 $1,179.70 $0.00 $2,187.12 $390,184.22
188 $390,184.22 $1,179.70 $0.00 $2,206.16 $393,570.08
189 $393,570.08 $1,179.70 $0.00 $2,225.30 $396,975.08
190 $396,975.08 $1,179.70 $0.00 $2,244.55 $400,399.33
191 $400,399.33 $1,179.70 $0.00 $2,263.92 $403,842.95
192 $403,842.95 $1,179.70 $0.00 $2,283.39 $407,306.04
193 $407,306.04 $1,179.70 $0.00 $2,302.97 $410,788.71
194 $410,788.71 $1,179.70 $0.00 $2,322.66 $414,291.07
195 $414,291.07 $1,179.70 $0.00 $2,342.46 $417,813.23
196 $417,813.23 $1,179.70 $0.00 $2,362.38 $421,355.31
197 $421,355.31 $1,179.70 $0.00 $2,382.40 $424,917.41
198 $424,917.41 $1,179.70 $0.00 $2,402.54 $428,499.65
199 $428,499.65 $1,179.70 $0.00 $2,422.80 $432,102.15
200 $432,102.15 $1,179.70 $0.00 $2,443.17 $435,725.02
201 $435,725.02 $1,179.70 $0.00 $2,463.65 $439,368.37
202 $439,368.37 $1,179.70 $0.00 $2,484.25 $443,032.32
203 $443,032.32 $1,179.70 $0.00 $2,504.97 $446,716.99
204 $446,716.99 $1,179.70 $0.00 $2,525.80 $450,422.49
205 $450,422.49 $1,179.70 $0.00 $2,546.75 $454,148.94
206 $454,148.94 $1,179.70 $0.00 $2,567.82 $457,896.46
207 $457,896.46 $1,179.70 $0.00 $2,589.01 $461,665.17
208 $461,665.17 $1,179.70 $0.00 $2,610.32 $465,455.19
209 $465,455.19 $1,179.70 $0.00 $2,631.75 $469,266.64
210 $469,266.64 $1,179.70 $0.00 $2,653.30 $473,099.64
211 $473,099.64 $1,179.70 $0.00 $2,674.97 $476,954.31
212 $476,954.31 $1,179.70 $0.00 $2,696.77 $480,830.78
213 $480,830.78 $1,179.70 $0.00 $2,718.69 $484,729.17
214 $484,729.17 $1,179.70 $0.00 $2,740.73 $488,649.60
215 $488,649.60 $1,179.70 $0.00 $2,762.90 $492,592.20
216 $492,592.20 $1,179.70 $0.00 $2,785.19 $496,557.09
217 $496,557.09 $1,179.70 $138,308.41 $2,807.61 $362,235.99
218 $362,235.99 $1,179.70 $0.00 $2,048.13 $365,463.82
219 $365,463.82 $1,179.70 $0.00 $2,066.39 $368,709.91
220 $368,709.91 $1,179.70 $0.00 $2,084.74 $371,974.35
221 $371,974.35 $1,179.70 $0.00 $2,103.20 $375,257.25
222 $375,257.25 $1,179.70 $0.00 $2,121.76 $378,558.71
223 $378,558.71 $1,179.70 $0.00 $2,140.43 $381,878.84
224 $381,878.84 $1,179.70 $0.00 $2,159.20 $385,217.74
225 $385,217.74 $1,179.70 $0.00 $2,178.08 $388,575.52
226 $388,575.52 $1,179.70 $0.00 $2,197.06 $391,952.28
227 $391,952.28 $1,179.70 $0.00 $2,216.16 $395,348.14
228 $395,348.14 $1,179.70 $0.00 $2,235.36 $398,763.20
229 $398,763.20 $1,179.70 $145,223.83 $2,254.67 $256,973.74
230 $256,973.74 $1,179.70 $0.00 $1,452.97 $259,606.41
231 $259,606.41 $1,179.70 $0.00 $1,467.85 $262,253.96
232 $262,253.96 $1,179.70 $0.00 $1,482.82 $264,916.48
233 $264,916.48 $1,179.70 $0.00 $1,497.88 $267,594.06
234 $267,594.06 $1,179.70 $0.00 $1,513.02 $270,286.78
235 $270,286.78 $1,179.70 $0.00 $1,528.24 $272,994.72
236 $272,994.72 $1,179.70 $0.00 $1,543.55 $275,717.97
237 $275,717.97 $1,179.70 $0.00 $1,558.95 $278,456.62
238 $278,456.62 $1,179.70 $0.00 $1,574.43 $281,210.75
239 $281,210.75 $1,179.70 $0.00 $1,590.01 $283,980.46
240 $283,980.46 $1,179.70 $0.00 $1,605.67 $286,765.83
241 $286,765.83 $1,179.70 $152,485.02 $1,621.42 $137,081.93
242 $137,081.93 $1,179.70 $0.00 $775.08 $139,036.71
243 $139,036.71 $1,179.70 $0.00 $786.13 $141,002.54
244 $141,002.54 $1,179.70 $0.00 $797.25 $142,979.49
245 $142,979.49 $1,179.70 $0.00 $808.43 $144,967.62
246 $144,967.62 $1,179.70 $0.00 $819.67 $146,966.99
247 $146,966.99 $1,179.70 $0.00 $830.97 $148,977.66
248 $148,977.66 $1,179.70 $0.00 $842.34 $150,999.70
249 $150,999.70 $1,179.70 $0.00 $853.77 $153,033.17
250 $153,033.17 $1,179.70 $0.00 $865.27 $155,078.14
251 $155,078.14 $1,179.70 $0.00 $876.83 $157,134.67
252 $157,134.67 $1,179.70 $0.00 $888.46 $159,202.83
253 $159,202.83 $0.00 $160,109.27 $900.16 ($6.28)