Savings Plan and Future Cost Estimation for University of Richmond

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$180,876
Monthly savings required$1,432

How much will it cost to send your child to University of Richmond in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $723,504.87 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,431.79 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$69,750.00
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 $1,431.79 $0.00 $0.00 $1,431.79
2 $1,431.79 $1,431.79 $0.00 $8.10 $2,871.68
3 $2,871.68 $1,431.79 $0.00 $16.24 $4,319.71
4 $4,319.71 $1,431.79 $0.00 $24.42 $5,775.92
5 $5,775.92 $1,431.79 $0.00 $32.66 $7,240.37
6 $7,240.37 $1,431.79 $0.00 $40.94 $8,713.10
7 $8,713.10 $1,431.79 $0.00 $49.27 $10,194.16
8 $10,194.16 $1,431.79 $0.00 $57.64 $11,683.59
9 $11,683.59 $1,431.79 $0.00 $66.06 $13,181.44
10 $13,181.44 $1,431.79 $0.00 $74.53 $14,687.76
11 $14,687.76 $1,431.79 $0.00 $83.05 $16,202.60
12 $16,202.60 $1,431.79 $0.00 $91.61 $17,726.00
13 $17,726.00 $1,431.79 $0.00 $100.23 $19,258.02
14 $19,258.02 $1,431.79 $0.00 $108.89 $20,798.70
15 $20,798.70 $1,431.79 $0.00 $117.60 $22,348.09
16 $22,348.09 $1,431.79 $0.00 $126.36 $23,906.24
17 $23,906.24 $1,431.79 $0.00 $135.17 $25,473.20
18 $25,473.20 $1,431.79 $0.00 $144.03 $27,049.02
19 $27,049.02 $1,431.79 $0.00 $152.94 $28,633.75
20 $28,633.75 $1,431.79 $0.00 $161.90 $30,227.44
21 $30,227.44 $1,431.79 $0.00 $170.91 $31,830.14
22 $31,830.14 $1,431.79 $0.00 $179.97 $33,441.90
23 $33,441.90 $1,431.79 $0.00 $189.09 $35,062.78
24 $35,062.78 $1,431.79 $0.00 $198.25 $36,692.82
25 $36,692.82 $1,431.79 $0.00 $207.47 $38,332.08
26 $38,332.08 $1,431.79 $0.00 $216.74 $39,980.61
27 $39,980.61 $1,431.79 $0.00 $226.06 $41,638.46
28 $41,638.46 $1,431.79 $0.00 $235.43 $43,305.68
29 $43,305.68 $1,431.79 $0.00 $244.86 $44,982.33
30 $44,982.33 $1,431.79 $0.00 $254.34 $46,668.46
31 $46,668.46 $1,431.79 $0.00 $263.87 $48,364.12
32 $48,364.12 $1,431.79 $0.00 $273.46 $50,069.37
33 $50,069.37 $1,431.79 $0.00 $283.10 $51,784.26
34 $51,784.26 $1,431.79 $0.00 $292.80 $53,508.85
35 $53,508.85 $1,431.79 $0.00 $302.55 $55,243.19
36 $55,243.19 $1,431.79 $0.00 $312.35 $56,987.33
37 $56,987.33 $1,431.79 $0.00 $322.21 $58,741.33
38 $58,741.33 $1,431.79 $0.00 $332.13 $60,505.25
39 $60,505.25 $1,431.79 $0.00 $342.11 $62,279.15
40 $62,279.15 $1,431.79 $0.00 $352.14 $64,063.08
41 $64,063.08 $1,431.79 $0.00 $362.22 $65,857.09
42 $65,857.09 $1,431.79 $0.00 $372.37 $67,661.25
43 $67,661.25 $1,431.79 $0.00 $382.57 $69,475.61
44 $69,475.61 $1,431.79 $0.00 $392.83 $71,300.23
45 $71,300.23 $1,431.79 $0.00 $403.14 $73,135.16
46 $73,135.16 $1,431.79 $0.00 $413.52 $74,980.47
47 $74,980.47 $1,431.79 $0.00 $423.95 $76,836.21
48 $76,836.21 $1,431.79 $0.00 $434.44 $78,702.44
49 $78,702.44 $1,431.79 $0.00 $445.00 $80,579.23
50 $80,579.23 $1,431.79 $0.00 $455.61 $82,466.63
51 $82,466.63 $1,431.79 $0.00 $466.28 $84,364.70
52 $84,364.70 $1,431.79 $0.00 $477.01 $86,273.50
53 $86,273.50 $1,431.79 $0.00 $487.80 $88,193.09
54 $88,193.09 $1,431.79 $0.00 $498.66 $90,123.54
55 $90,123.54 $1,431.79 $0.00 $509.57 $92,064.90
56 $92,064.90 $1,431.79 $0.00 $520.55 $94,017.24
57 $94,017.24 $1,431.79 $0.00 $531.59 $95,980.62
58 $95,980.62 $1,431.79 $0.00 $542.69 $97,955.10
59 $97,955.10 $1,431.79 $0.00 $553.85 $99,940.74
60 $99,940.74 $1,431.79 $0.00 $565.08 $101,937.61
61 $101,937.61 $1,431.79 $0.00 $576.37 $103,945.77
62 $103,945.77 $1,431.79 $0.00 $587.72 $105,965.28
63 $105,965.28 $1,431.79 $0.00 $599.14 $107,996.21
64 $107,996.21 $1,431.79 $0.00 $610.63 $110,038.63
65 $110,038.63 $1,431.79 $0.00 $622.17 $112,092.59
66 $112,092.59 $1,431.79 $0.00 $633.79 $114,158.17
67 $114,158.17 $1,431.79 $0.00 $645.47 $116,235.43
68 $116,235.43 $1,431.79 $0.00 $657.21 $118,324.43
69 $118,324.43 $1,431.79 $0.00 $669.02 $120,425.24
70 $120,425.24 $1,431.79 $0.00 $680.90 $122,537.93
71 $122,537.93 $1,431.79 $0.00 $692.85 $124,662.57
72 $124,662.57 $1,431.79 $0.00 $704.86 $126,799.22
73 $126,799.22 $1,431.79 $0.00 $716.94 $128,947.95
74 $128,947.95 $1,431.79 $0.00 $729.09 $131,108.83
75 $131,108.83 $1,431.79 $0.00 $741.31 $133,281.93
76 $133,281.93 $1,431.79 $0.00 $753.60 $135,467.32
77 $135,467.32 $1,431.79 $0.00 $765.95 $137,665.06
78 $137,665.06 $1,431.79 $0.00 $778.38 $139,875.23
79 $139,875.23 $1,431.79 $0.00 $790.87 $142,097.89
80 $142,097.89 $1,431.79 $0.00 $803.44 $144,333.12
81 $144,333.12 $1,431.79 $0.00 $816.08 $146,580.99
82 $146,580.99 $1,431.79 $0.00 $828.79 $148,841.57
83 $148,841.57 $1,431.79 $0.00 $841.57 $151,114.93
84 $151,114.93 $1,431.79 $0.00 $854.43 $153,401.15
85 $153,401.15 $1,431.79 $0.00 $867.35 $155,700.29
86 $155,700.29 $1,431.79 $0.00 $880.35 $158,012.43
87 $158,012.43 $1,431.79 $0.00 $893.43 $160,337.65
88 $160,337.65 $1,431.79 $0.00 $906.57 $162,676.01
89 $162,676.01 $1,431.79 $0.00 $919.79 $165,027.59
90 $165,027.59 $1,431.79 $0.00 $933.09 $167,392.47
91 $167,392.47 $1,431.79 $0.00 $946.46 $169,770.72
92 $169,770.72 $1,431.79 $0.00 $959.91 $172,162.42
93 $172,162.42 $1,431.79 $0.00 $973.43 $174,567.64
94 $174,567.64 $1,431.79 $0.00 $987.03 $176,986.46
95 $176,986.46 $1,431.79 $0.00 $1,000.71 $179,418.96
96 $179,418.96 $1,431.79 $0.00 $1,014.46 $181,865.21
97 $181,865.21 $1,431.79 $0.00 $1,028.29 $184,325.29
98 $184,325.29 $1,431.79 $0.00 $1,042.20 $186,799.28
99 $186,799.28 $1,431.79 $0.00 $1,056.19 $189,287.26
100 $189,287.26 $1,431.79 $0.00 $1,070.26 $191,789.31
101 $191,789.31 $1,431.79 $0.00 $1,084.40 $194,305.50
102 $194,305.50 $1,431.79 $0.00 $1,098.63 $196,835.92
103 $196,835.92 $1,431.79 $0.00 $1,112.94 $199,380.65
104 $199,380.65 $1,431.79 $0.00 $1,127.33 $201,939.77
105 $201,939.77 $1,431.79 $0.00 $1,141.80 $204,513.36
106 $204,513.36 $1,431.79 $0.00 $1,156.35 $207,101.50
107 $207,101.50 $1,431.79 $0.00 $1,170.98 $209,704.27
108 $209,704.27 $1,431.79 $0.00 $1,185.70 $212,321.76
109 $212,321.76 $1,431.79 $0.00 $1,200.50 $214,954.05
110 $214,954.05 $1,431.79 $0.00 $1,215.38 $217,601.22
111 $217,601.22 $1,431.79 $0.00 $1,230.35 $220,263.36
112 $220,263.36 $1,431.79 $0.00 $1,245.40 $222,940.55
113 $222,940.55 $1,431.79 $0.00 $1,260.54 $225,632.88
114 $225,632.88 $1,431.79 $0.00 $1,275.76 $228,340.43
115 $228,340.43 $1,431.79 $0.00 $1,291.07 $231,063.29
116 $231,063.29 $1,431.79 $0.00 $1,306.47 $233,801.55
117 $233,801.55 $1,431.79 $0.00 $1,321.95 $236,555.29
118 $236,555.29 $1,431.79 $0.00 $1,337.52 $239,324.60
119 $239,324.60 $1,431.79 $0.00 $1,353.18 $242,109.57
120 $242,109.57 $1,431.79 $0.00 $1,368.92 $244,910.28
121 $244,910.28 $1,431.79 $0.00 $1,384.76 $247,726.83
122 $247,726.83 $1,431.79 $0.00 $1,400.68 $250,559.30
123 $250,559.30 $1,431.79 $0.00 $1,416.70 $253,407.79
124 $253,407.79 $1,431.79 $0.00 $1,432.80 $256,272.38
125 $256,272.38 $1,431.79 $0.00 $1,449.00 $259,153.17
126 $259,153.17 $1,431.79 $0.00 $1,465.29 $262,050.25
127 $262,050.25 $1,431.79 $0.00 $1,481.67 $264,963.71
128 $264,963.71 $1,431.79 $0.00 $1,498.14 $267,893.64
129 $267,893.64 $1,431.79 $0.00 $1,514.71 $270,840.14
130 $270,840.14 $1,431.79 $0.00 $1,531.37 $273,803.30
131 $273,803.30 $1,431.79 $0.00 $1,548.12 $276,783.21
132 $276,783.21 $1,431.79 $0.00 $1,564.97 $279,779.97
133 $279,779.97 $1,431.79 $0.00 $1,581.92 $282,793.68
134 $282,793.68 $1,431.79 $0.00 $1,598.96 $285,824.43
135 $285,824.43 $1,431.79 $0.00 $1,616.09 $288,872.31
136 $288,872.31 $1,431.79 $0.00 $1,633.33 $291,937.43
137 $291,937.43 $1,431.79 $0.00 $1,650.66 $295,019.88
138 $295,019.88 $1,431.79 $0.00 $1,668.09 $298,119.76
139 $298,119.76 $1,431.79 $0.00 $1,685.61 $301,237.16
140 $301,237.16 $1,431.79 $0.00 $1,703.24 $304,372.19
141 $304,372.19 $1,431.79 $0.00 $1,720.96 $307,524.94
142 $307,524.94 $1,431.79 $0.00 $1,738.79 $310,695.52
143 $310,695.52 $1,431.79 $0.00 $1,756.72 $313,884.03
144 $313,884.03 $1,431.79 $0.00 $1,774.75 $317,090.57
145 $317,090.57 $1,431.79 $0.00 $1,792.88 $320,315.24
146 $320,315.24 $1,431.79 $0.00 $1,811.11 $323,558.14
147 $323,558.14 $1,431.79 $0.00 $1,829.44 $326,819.37
148 $326,819.37 $1,431.79 $0.00 $1,847.88 $330,099.04
149 $330,099.04 $1,431.79 $0.00 $1,866.43 $333,397.26
150 $333,397.26 $1,431.79 $0.00 $1,885.08 $336,714.13
151 $336,714.13 $1,431.79 $0.00 $1,903.83 $340,049.75
152 $340,049.75 $1,431.79 $0.00 $1,922.69 $343,404.23
153 $343,404.23 $1,431.79 $0.00 $1,941.66 $346,777.68
154 $346,777.68 $1,431.79 $0.00 $1,960.73 $350,170.20
155 $350,170.20 $1,431.79 $0.00 $1,979.91 $353,581.90
156 $353,581.90 $1,431.79 $0.00 $1,999.20 $357,012.89
157 $357,012.89 $1,431.79 $0.00 $2,018.60 $360,463.28
158 $360,463.28 $1,431.79 $0.00 $2,038.11 $363,933.18
159 $363,933.18 $1,431.79 $0.00 $2,057.73 $367,422.70
160 $367,422.70 $1,431.79 $0.00 $2,077.46 $370,931.95
161 $370,931.95 $1,431.79 $0.00 $2,097.30 $374,461.04
162 $374,461.04 $1,431.79 $0.00 $2,117.26 $378,010.09
163 $378,010.09 $1,431.79 $0.00 $2,137.32 $381,579.20
164 $381,579.20 $1,431.79 $0.00 $2,157.50 $385,168.49
165 $385,168.49 $1,431.79 $0.00 $2,177.80 $388,778.08
166 $388,778.08 $1,431.79 $0.00 $2,198.21 $392,408.08
167 $392,408.08 $1,431.79 $0.00 $2,218.73 $396,058.60
168 $396,058.60 $1,431.79 $0.00 $2,239.37 $399,729.76
169 $399,729.76 $1,431.79 $0.00 $2,260.13 $403,421.68
170 $403,421.68 $1,431.79 $0.00 $2,281.00 $407,134.47
171 $407,134.47 $1,431.79 $0.00 $2,302.00 $410,868.26
172 $410,868.26 $1,431.79 $0.00 $2,323.11 $414,623.16
173 $414,623.16 $1,431.79 $0.00 $2,344.34 $418,399.29
174 $418,399.29 $1,431.79 $0.00 $2,365.69 $422,196.77
175 $422,196.77 $1,431.79 $0.00 $2,387.16 $426,015.72
176 $426,015.72 $1,431.79 $0.00 $2,408.75 $429,856.26
177 $429,856.26 $1,431.79 $0.00 $2,430.47 $433,718.52
178 $433,718.52 $1,431.79 $0.00 $2,452.31 $437,602.62
179 $437,602.62 $1,431.79 $0.00 $2,474.27 $441,508.68
180 $441,508.68 $1,431.79 $0.00 $2,496.35 $445,436.82
181 $445,436.82 $1,431.79 $0.00 $2,518.56 $449,387.17
182 $449,387.17 $1,431.79 $0.00 $2,540.90 $453,359.86
183 $453,359.86 $1,431.79 $0.00 $2,563.36 $457,355.01
184 $457,355.01 $1,431.79 $0.00 $2,585.95 $461,372.75
185 $461,372.75 $1,431.79 $0.00 $2,608.67 $465,413.21
186 $465,413.21 $1,431.79 $0.00 $2,631.51 $469,476.51
187 $469,476.51 $1,431.79 $0.00 $2,654.49 $473,562.79
188 $473,562.79 $1,431.79 $0.00 $2,677.59 $477,672.17
189 $477,672.17 $1,431.79 $0.00 $2,700.83 $481,804.79
190 $481,804.79 $1,431.79 $0.00 $2,724.19 $485,960.77
191 $485,960.77 $1,431.79 $0.00 $2,747.69 $490,140.25
192 $490,140.25 $1,431.79 $0.00 $2,771.32 $494,343.36
193 $494,343.36 $1,431.79 $0.00 $2,795.09 $498,570.24
194 $498,570.24 $1,431.79 $0.00 $2,818.99 $502,821.02
195 $502,821.02 $1,431.79 $0.00 $2,843.02 $507,095.83
196 $507,095.83 $1,431.79 $0.00 $2,867.19 $511,394.81
197 $511,394.81 $1,431.79 $0.00 $2,891.50 $515,718.10
198 $515,718.10 $1,431.79 $0.00 $2,915.95 $520,065.84
199 $520,065.84 $1,431.79 $0.00 $2,940.53 $524,438.16
200 $524,438.16 $1,431.79 $0.00 $2,965.25 $528,835.20
201 $528,835.20 $1,431.79 $0.00 $2,990.11 $533,257.10
202 $533,257.10 $1,431.79 $0.00 $3,015.11 $537,704.00
203 $537,704.00 $1,431.79 $0.00 $3,040.26 $542,176.05
204 $542,176.05 $1,431.79 $0.00 $3,065.54 $546,673.38
205 $546,673.38 $1,431.79 $0.00 $3,090.97 $551,196.14
206 $551,196.14 $1,431.79 $0.00 $3,116.54 $555,744.47
207 $555,744.47 $1,431.79 $0.00 $3,142.26 $560,318.52
208 $560,318.52 $1,431.79 $0.00 $3,168.12 $564,918.43
209 $564,918.43 $1,431.79 $0.00 $3,194.13 $569,544.35
210 $569,544.35 $1,431.79 $0.00 $3,220.29 $574,196.43
211 $574,196.43 $1,431.79 $0.00 $3,246.59 $578,874.81
212 $578,874.81 $1,431.79 $0.00 $3,273.04 $583,579.64
213 $583,579.64 $1,431.79 $0.00 $3,299.64 $588,311.07
214 $588,311.07 $1,431.79 $0.00 $3,326.40 $593,069.26
215 $593,069.26 $1,431.79 $0.00 $3,353.30 $597,854.35
216 $597,854.35 $1,431.79 $0.00 $3,380.36 $602,666.50
217 $602,666.50 $1,431.79 $167,861.69 $3,407.56 $439,644.16
218 $439,644.16 $1,431.79 $0.00 $2,485.81 $443,561.76
219 $443,561.76 $1,431.79 $0.00 $2,507.96 $447,501.51
220 $447,501.51 $1,431.79 $0.00 $2,530.24 $451,463.54
221 $451,463.54 $1,431.79 $0.00 $2,552.64 $455,447.97
222 $455,447.97 $1,431.79 $0.00 $2,575.17 $459,454.93
223 $459,454.93 $1,431.79 $0.00 $2,597.82 $463,484.54
224 $463,484.54 $1,431.79 $0.00 $2,620.61 $467,536.94
225 $467,536.94 $1,431.79 $0.00 $2,643.52 $471,612.25
226 $471,612.25 $1,431.79 $0.00 $2,666.56 $475,710.60
227 $475,710.60 $1,431.79 $0.00 $2,689.74 $479,832.13
228 $479,832.13 $1,431.79 $0.00 $2,713.04 $483,976.96
229 $483,976.96 $1,431.79 $176,254.78 $2,736.48 $311,890.45
230 $311,890.45 $1,431.79 $0.00 $1,763.47 $315,085.71
231 $315,085.71 $1,431.79 $0.00 $1,781.54 $318,299.04
232 $318,299.04 $1,431.79 $0.00 $1,799.71 $321,530.54
233 $321,530.54 $1,431.79 $0.00 $1,817.98 $324,780.31
234 $324,780.31 $1,431.79 $0.00 $1,836.36 $328,048.46
235 $328,048.46 $1,431.79 $0.00 $1,854.83 $331,335.08
236 $331,335.08 $1,431.79 $0.00 $1,873.42 $334,640.29
237 $334,640.29 $1,431.79 $0.00 $1,892.10 $337,964.18
238 $337,964.18 $1,431.79 $0.00 $1,910.90 $341,306.87
239 $341,306.87 $1,431.79 $0.00 $1,929.80 $344,668.46
240 $344,668.46 $1,431.79 $0.00 $1,948.81 $348,049.06
241 $348,049.06 $1,431.79 $185,067.51 $1,967.92 $166,381.26
242 $166,381.26 $1,431.79 $0.00 $940.74 $168,753.79
243 $168,753.79 $1,431.79 $0.00 $954.16 $171,139.74
244 $171,139.74 $1,431.79 $0.00 $967.65 $173,539.18
245 $173,539.18 $1,431.79 $0.00 $981.22 $175,952.19
246 $175,952.19 $1,431.79 $0.00 $994.86 $178,378.84
247 $178,378.84 $1,431.79 $0.00 $1,008.58 $180,819.21
248 $180,819.21 $1,431.79 $0.00 $1,022.38 $183,273.38
249 $183,273.38 $1,431.79 $0.00 $1,036.25 $185,741.42
250 $185,741.42 $1,431.79 $0.00 $1,050.21 $188,223.42
251 $188,223.42 $1,431.79 $0.00 $1,064.24 $190,719.45
252 $190,719.45 $1,431.79 $0.00 $1,078.36 $193,229.60
253 $193,229.60 $0.00 $194,320.89 $1,092.55 $1.26