Savings Plan and Future Cost Estimation for Southern Virginia University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$124,773
Monthly savings required$986

How much will it cost to send your child to Southern Virginia University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $499,093.05 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $986.12 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$33,258.00
Years until enrollment18
Annual Tuition Increase7%
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 $986.12 $0.00 $0.00 $986.12
2 $986.12 $986.12 $0.00 $5.58 $1,977.82
3 $1,977.82 $986.12 $0.00 $11.18 $2,975.12
4 $2,975.12 $986.12 $0.00 $16.82 $3,978.06
5 $3,978.06 $986.12 $0.00 $22.49 $4,986.67
6 $4,986.67 $986.12 $0.00 $28.20 $6,000.99
7 $6,000.99 $986.12 $0.00 $33.93 $7,021.04
8 $7,021.04 $986.12 $0.00 $39.70 $8,046.86
9 $8,046.86 $986.12 $0.00 $45.50 $9,078.48
10 $9,078.48 $986.12 $0.00 $51.33 $10,115.93
11 $10,115.93 $986.12 $0.00 $57.20 $11,159.25
12 $11,159.25 $986.12 $0.00 $63.10 $12,208.47
13 $12,208.47 $986.12 $0.00 $69.03 $13,263.62
14 $13,263.62 $986.12 $0.00 $74.99 $14,324.73
15 $14,324.73 $986.12 $0.00 $80.99 $15,391.84
16 $15,391.84 $986.12 $0.00 $87.03 $16,464.99
17 $16,464.99 $986.12 $0.00 $93.10 $17,544.21
18 $17,544.21 $986.12 $0.00 $99.20 $18,629.53
19 $18,629.53 $986.12 $0.00 $105.33 $19,720.98
20 $19,720.98 $986.12 $0.00 $111.51 $20,818.61
21 $20,818.61 $986.12 $0.00 $117.71 $21,922.44
22 $21,922.44 $986.12 $0.00 $123.95 $23,032.51
23 $23,032.51 $986.12 $0.00 $130.23 $24,148.86
24 $24,148.86 $986.12 $0.00 $136.54 $25,271.52
25 $25,271.52 $986.12 $0.00 $142.89 $26,400.53
26 $26,400.53 $986.12 $0.00 $149.27 $27,535.92
27 $27,535.92 $986.12 $0.00 $155.69 $28,677.73
28 $28,677.73 $986.12 $0.00 $162.15 $29,826.00
29 $29,826.00 $986.12 $0.00 $168.64 $30,980.76
30 $30,980.76 $986.12 $0.00 $175.17 $32,142.05
31 $32,142.05 $986.12 $0.00 $181.74 $33,309.91
32 $33,309.91 $986.12 $0.00 $188.34 $34,484.37
33 $34,484.37 $986.12 $0.00 $194.98 $35,665.47
34 $35,665.47 $986.12 $0.00 $201.66 $36,853.25
35 $36,853.25 $986.12 $0.00 $208.37 $38,047.74
36 $38,047.74 $986.12 $0.00 $215.13 $39,248.99
37 $39,248.99 $986.12 $0.00 $221.92 $40,457.03
38 $40,457.03 $986.12 $0.00 $228.75 $41,671.90
39 $41,671.90 $986.12 $0.00 $235.62 $42,893.64
40 $42,893.64 $986.12 $0.00 $242.53 $44,122.29
41 $44,122.29 $986.12 $0.00 $249.47 $45,357.88
42 $45,357.88 $986.12 $0.00 $256.46 $46,600.46
43 $46,600.46 $986.12 $0.00 $263.49 $47,850.07
44 $47,850.07 $986.12 $0.00 $270.55 $49,106.74
45 $49,106.74 $986.12 $0.00 $277.66 $50,370.52
46 $50,370.52 $986.12 $0.00 $284.80 $51,641.44
47 $51,641.44 $986.12 $0.00 $291.99 $52,919.55
48 $52,919.55 $986.12 $0.00 $299.21 $54,204.88
49 $54,204.88 $986.12 $0.00 $306.48 $55,497.48
50 $55,497.48 $986.12 $0.00 $313.79 $56,797.39
51 $56,797.39 $986.12 $0.00 $321.14 $58,104.65
52 $58,104.65 $986.12 $0.00 $328.53 $59,419.30
53 $59,419.30 $986.12 $0.00 $335.97 $60,741.39
54 $60,741.39 $986.12 $0.00 $343.44 $62,070.95
55 $62,070.95 $986.12 $0.00 $350.96 $63,408.03
56 $63,408.03 $986.12 $0.00 $358.52 $64,752.67
57 $64,752.67 $986.12 $0.00 $366.12 $66,104.91
58 $66,104.91 $986.12 $0.00 $373.77 $67,464.80
59 $67,464.80 $986.12 $0.00 $381.46 $68,832.38
60 $68,832.38 $986.12 $0.00 $389.19 $70,207.69
61 $70,207.69 $986.12 $0.00 $396.96 $71,590.77
62 $71,590.77 $986.12 $0.00 $404.78 $72,981.67
63 $72,981.67 $986.12 $0.00 $412.65 $74,380.44
64 $74,380.44 $986.12 $0.00 $420.56 $75,787.12
65 $75,787.12 $986.12 $0.00 $428.51 $77,201.75
66 $77,201.75 $986.12 $0.00 $436.51 $78,624.38
67 $78,624.38 $986.12 $0.00 $444.55 $80,055.05
68 $80,055.05 $986.12 $0.00 $452.64 $81,493.81
69 $81,493.81 $986.12 $0.00 $460.78 $82,940.71
70 $82,940.71 $986.12 $0.00 $468.96 $84,395.79
71 $84,395.79 $986.12 $0.00 $477.19 $85,859.10
72 $85,859.10 $986.12 $0.00 $485.46 $87,330.68
73 $87,330.68 $986.12 $0.00 $493.78 $88,810.58
74 $88,810.58 $986.12 $0.00 $502.15 $90,298.85
75 $90,298.85 $986.12 $0.00 $510.56 $91,795.53
76 $91,795.53 $986.12 $0.00 $519.03 $93,300.68
77 $93,300.68 $986.12 $0.00 $527.54 $94,814.34
78 $94,814.34 $986.12 $0.00 $536.09 $96,336.55
79 $96,336.55 $986.12 $0.00 $544.70 $97,867.37
80 $97,867.37 $986.12 $0.00 $553.36 $99,406.85
81 $99,406.85 $986.12 $0.00 $562.06 $100,955.03
82 $100,955.03 $986.12 $0.00 $570.81 $102,511.96
83 $102,511.96 $986.12 $0.00 $579.62 $104,077.70
84 $104,077.70 $986.12 $0.00 $588.47 $105,652.29
85 $105,652.29 $986.12 $0.00 $597.37 $107,235.78
86 $107,235.78 $986.12 $0.00 $606.33 $108,828.23
87 $108,828.23 $986.12 $0.00 $615.33 $110,429.68
88 $110,429.68 $986.12 $0.00 $624.39 $112,040.19
89 $112,040.19 $986.12 $0.00 $633.49 $113,659.80
90 $113,659.80 $986.12 $0.00 $642.65 $115,288.57
91 $115,288.57 $986.12 $0.00 $651.86 $116,926.55
92 $116,926.55 $986.12 $0.00 $661.12 $118,573.79
93 $118,573.79 $986.12 $0.00 $670.43 $120,230.34
94 $120,230.34 $986.12 $0.00 $679.80 $121,896.26
95 $121,896.26 $986.12 $0.00 $689.22 $123,571.60
96 $123,571.60 $986.12 $0.00 $698.69 $125,256.41
97 $125,256.41 $986.12 $0.00 $708.22 $126,950.75
98 $126,950.75 $986.12 $0.00 $717.80 $128,654.67
99 $128,654.67 $986.12 $0.00 $727.43 $130,368.22
100 $130,368.22 $986.12 $0.00 $737.12 $132,091.46
101 $132,091.46 $986.12 $0.00 $746.86 $133,824.44
102 $133,824.44 $986.12 $0.00 $756.66 $135,567.22
103 $135,567.22 $986.12 $0.00 $766.52 $137,319.86
104 $137,319.86 $986.12 $0.00 $776.43 $139,082.41
105 $139,082.41 $986.12 $0.00 $786.39 $140,854.92
106 $140,854.92 $986.12 $0.00 $796.41 $142,637.45
107 $142,637.45 $986.12 $0.00 $806.49 $144,430.06
108 $144,430.06 $986.12 $0.00 $816.63 $146,232.81
109 $146,232.81 $986.12 $0.00 $826.82 $148,045.75
110 $148,045.75 $986.12 $0.00 $837.07 $149,868.94
111 $149,868.94 $986.12 $0.00 $847.38 $151,702.44
112 $151,702.44 $986.12 $0.00 $857.75 $153,546.31
113 $153,546.31 $986.12 $0.00 $868.17 $155,400.60
114 $155,400.60 $986.12 $0.00 $878.66 $157,265.38
115 $157,265.38 $986.12 $0.00 $889.20 $159,140.70
116 $159,140.70 $986.12 $0.00 $899.80 $161,026.62
117 $161,026.62 $986.12 $0.00 $910.47 $162,923.21
118 $162,923.21 $986.12 $0.00 $921.19 $164,830.52
119 $164,830.52 $986.12 $0.00 $931.98 $166,748.62
120 $166,748.62 $986.12 $0.00 $942.82 $168,677.56
121 $168,677.56 $986.12 $0.00 $953.73 $170,617.41
122 $170,617.41 $986.12 $0.00 $964.70 $172,568.23
123 $172,568.23 $986.12 $0.00 $975.73 $174,530.08
124 $174,530.08 $986.12 $0.00 $986.82 $176,503.02
125 $176,503.02 $986.12 $0.00 $997.97 $178,487.11
126 $178,487.11 $986.12 $0.00 $1,009.19 $180,482.42
127 $180,482.42 $986.12 $0.00 $1,020.47 $182,489.01
128 $182,489.01 $986.12 $0.00 $1,031.82 $184,506.95
129 $184,506.95 $986.12 $0.00 $1,043.23 $186,536.30
130 $186,536.30 $986.12 $0.00 $1,054.70 $188,577.12
131 $188,577.12 $986.12 $0.00 $1,066.24 $190,629.48
132 $190,629.48 $986.12 $0.00 $1,077.85 $192,693.45
133 $192,693.45 $986.12 $0.00 $1,089.52 $194,769.09
134 $194,769.09 $986.12 $0.00 $1,101.25 $196,856.46
135 $196,856.46 $986.12 $0.00 $1,113.06 $198,955.64
136 $198,955.64 $986.12 $0.00 $1,124.92 $201,066.68
137 $201,066.68 $986.12 $0.00 $1,136.86 $203,189.66
138 $203,189.66 $986.12 $0.00 $1,148.86 $205,324.64
139 $205,324.64 $986.12 $0.00 $1,160.94 $207,471.70
140 $207,471.70 $986.12 $0.00 $1,173.08 $209,630.90
141 $209,630.90 $986.12 $0.00 $1,185.28 $211,802.30
142 $211,802.30 $986.12 $0.00 $1,197.56 $213,985.98
143 $213,985.98 $986.12 $0.00 $1,209.91 $216,182.01
144 $216,182.01 $986.12 $0.00 $1,222.32 $218,390.45
145 $218,390.45 $986.12 $0.00 $1,234.81 $220,611.38
146 $220,611.38 $986.12 $0.00 $1,247.37 $222,844.87
147 $222,844.87 $986.12 $0.00 $1,260.00 $225,090.99
148 $225,090.99 $986.12 $0.00 $1,272.70 $227,349.81
149 $227,349.81 $986.12 $0.00 $1,285.47 $229,621.40
150 $229,621.40 $986.12 $0.00 $1,298.31 $231,905.83
151 $231,905.83 $986.12 $0.00 $1,311.23 $234,203.18
152 $234,203.18 $986.12 $0.00 $1,324.22 $236,513.52
153 $236,513.52 $986.12 $0.00 $1,337.28 $238,836.92
154 $238,836.92 $986.12 $0.00 $1,350.42 $241,173.46
155 $241,173.46 $986.12 $0.00 $1,363.63 $243,523.21
156 $243,523.21 $986.12 $0.00 $1,376.92 $245,886.25
157 $245,886.25 $986.12 $0.00 $1,390.28 $248,262.65
158 $248,262.65 $986.12 $0.00 $1,403.71 $250,652.48
159 $250,652.48 $986.12 $0.00 $1,417.23 $253,055.83
160 $253,055.83 $986.12 $0.00 $1,430.81 $255,472.76
161 $255,472.76 $986.12 $0.00 $1,444.48 $257,903.36
162 $257,903.36 $986.12 $0.00 $1,458.22 $260,347.70
163 $260,347.70 $986.12 $0.00 $1,472.04 $262,805.86
164 $262,805.86 $986.12 $0.00 $1,485.94 $265,277.92
165 $265,277.92 $986.12 $0.00 $1,499.92 $267,763.96
166 $267,763.96 $986.12 $0.00 $1,513.98 $270,264.06
167 $270,264.06 $986.12 $0.00 $1,528.11 $272,778.29
168 $272,778.29 $986.12 $0.00 $1,542.33 $275,306.74
169 $275,306.74 $986.12 $0.00 $1,556.62 $277,849.48
170 $277,849.48 $986.12 $0.00 $1,571.00 $280,406.60
171 $280,406.60 $986.12 $0.00 $1,585.46 $282,978.18
172 $282,978.18 $986.12 $0.00 $1,600.00 $285,564.30
173 $285,564.30 $986.12 $0.00 $1,614.62 $288,165.04
174 $288,165.04 $986.12 $0.00 $1,629.33 $290,780.49
175 $290,780.49 $986.12 $0.00 $1,644.12 $293,410.73
176 $293,410.73 $986.12 $0.00 $1,658.99 $296,055.84
177 $296,055.84 $986.12 $0.00 $1,673.94 $298,715.90
178 $298,715.90 $986.12 $0.00 $1,688.98 $301,391.00
179 $301,391.00 $986.12 $0.00 $1,704.11 $304,081.23
180 $304,081.23 $986.12 $0.00 $1,719.32 $306,786.67
181 $306,786.67 $986.12 $0.00 $1,734.62 $309,507.41
182 $309,507.41 $986.12 $0.00 $1,750.00 $312,243.53
183 $312,243.53 $986.12 $0.00 $1,765.47 $314,995.12
184 $314,995.12 $986.12 $0.00 $1,781.03 $317,762.27
185 $317,762.27 $986.12 $0.00 $1,796.67 $320,545.06
186 $320,545.06 $986.12 $0.00 $1,812.41 $323,343.59
187 $323,343.59 $986.12 $0.00 $1,828.23 $326,157.94
188 $326,157.94 $986.12 $0.00 $1,844.14 $328,988.20
189 $328,988.20 $986.12 $0.00 $1,860.15 $331,834.47
190 $331,834.47 $986.12 $0.00 $1,876.24 $334,696.83
191 $334,696.83 $986.12 $0.00 $1,892.42 $337,575.37
192 $337,575.37 $986.12 $0.00 $1,908.70 $340,470.19
193 $340,470.19 $986.12 $0.00 $1,925.07 $343,381.38
194 $343,381.38 $986.12 $0.00 $1,941.53 $346,309.03
195 $346,309.03 $986.12 $0.00 $1,958.08 $349,253.23
196 $349,253.23 $986.12 $0.00 $1,974.73 $352,214.08
197 $352,214.08 $986.12 $0.00 $1,991.47 $355,191.67
198 $355,191.67 $986.12 $0.00 $2,008.31 $358,186.10
199 $358,186.10 $986.12 $0.00 $2,025.24 $361,197.46
200 $361,197.46 $986.12 $0.00 $2,042.26 $364,225.84
201 $364,225.84 $986.12 $0.00 $2,059.39 $367,271.35
202 $367,271.35 $986.12 $0.00 $2,076.61 $370,334.08
203 $370,334.08 $986.12 $0.00 $2,093.92 $373,414.12
204 $373,414.12 $986.12 $0.00 $2,111.34 $376,511.58
205 $376,511.58 $986.12 $0.00 $2,128.85 $379,626.55
206 $379,626.55 $986.12 $0.00 $2,146.46 $382,759.13
207 $382,759.13 $986.12 $0.00 $2,164.18 $385,909.43
208 $385,909.43 $986.12 $0.00 $2,181.99 $389,077.54
209 $389,077.54 $986.12 $0.00 $2,199.90 $392,263.56
210 $392,263.56 $986.12 $0.00 $2,217.92 $395,467.60
211 $395,467.60 $986.12 $0.00 $2,236.03 $398,689.75
212 $398,689.75 $986.12 $0.00 $2,254.25 $401,930.12
213 $401,930.12 $986.12 $0.00 $2,272.57 $405,188.81
214 $405,188.81 $986.12 $0.00 $2,291.00 $408,465.93
215 $408,465.93 $986.12 $0.00 $2,309.53 $411,761.58
216 $411,761.58 $986.12 $0.00 $2,328.16 $415,075.86
217 $415,075.86 $986.12 $112,409.79 $2,346.90 $305,999.09
218 $305,999.09 $986.12 $0.00 $1,730.16 $308,715.37
219 $308,715.37 $986.12 $0.00 $1,745.52 $311,447.01
220 $311,447.01 $986.12 $0.00 $1,760.97 $314,194.10
221 $314,194.10 $986.12 $0.00 $1,776.50 $316,956.72
222 $316,956.72 $986.12 $0.00 $1,792.12 $319,734.96
223 $319,734.96 $986.12 $0.00 $1,807.83 $322,528.91
224 $322,528.91 $986.12 $0.00 $1,823.63 $325,338.66
225 $325,338.66 $986.12 $0.00 $1,839.51 $328,164.29
226 $328,164.29 $986.12 $0.00 $1,855.49 $331,005.90
227 $331,005.90 $986.12 $0.00 $1,871.56 $333,863.58
228 $333,863.58 $986.12 $0.00 $1,887.71 $336,737.41
229 $336,737.41 $986.12 $120,278.47 $1,903.96 $219,349.02
230 $219,349.02 $986.12 $0.00 $1,240.23 $221,575.37
231 $221,575.37 $986.12 $0.00 $1,252.82 $223,814.31
232 $223,814.31 $986.12 $0.00 $1,265.48 $226,065.91
233 $226,065.91 $986.12 $0.00 $1,278.21 $228,330.24
234 $228,330.24 $986.12 $0.00 $1,291.01 $230,607.37
235 $230,607.37 $986.12 $0.00 $1,303.89 $232,897.38
236 $232,897.38 $986.12 $0.00 $1,316.84 $235,200.34
237 $235,200.34 $986.12 $0.00 $1,329.86 $237,516.32
238 $237,516.32 $986.12 $0.00 $1,342.95 $239,845.39
239 $239,845.39 $986.12 $0.00 $1,356.12 $242,187.63
240 $242,187.63 $986.12 $0.00 $1,369.36 $244,543.11
241 $244,543.11 $986.12 $128,697.97 $1,382.68 $118,213.94
242 $118,213.94 $986.12 $0.00 $668.40 $119,868.46
243 $119,868.46 $986.12 $0.00 $677.75 $121,532.33
244 $121,532.33 $986.12 $0.00 $687.16 $123,205.61
245 $123,205.61 $986.12 $0.00 $696.62 $124,888.35
246 $124,888.35 $986.12 $0.00 $706.14 $126,580.61
247 $126,580.61 $986.12 $0.00 $715.71 $128,282.44
248 $128,282.44 $986.12 $0.00 $725.33 $129,993.89
249 $129,993.89 $986.12 $0.00 $735.00 $131,715.01
250 $131,715.01 $986.12 $0.00 $744.74 $133,445.87
251 $133,445.87 $986.12 $0.00 $754.52 $135,186.51
252 $135,186.51 $986.12 $0.00 $764.36 $136,936.99
253 $136,936.99 $0.00 $137,706.82 $774.26 $4.43