Savings Plan and Future Cost Estimation for Virginia Commonwealth University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$88,449
Monthly savings required$700

How much will it cost to send your child to Virginia Commonwealth University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $353,796.48 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $700.15 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$34,108.00
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 $700.15 $0.00 $0.00 $700.15
2 $700.15 $700.15 $0.00 $3.96 $1,404.26
3 $1,404.26 $700.15 $0.00 $7.94 $2,112.35
4 $2,112.35 $700.15 $0.00 $11.94 $2,824.44
5 $2,824.44 $700.15 $0.00 $15.97 $3,540.56
6 $3,540.56 $700.15 $0.00 $20.02 $4,260.73
7 $4,260.73 $700.15 $0.00 $24.09 $4,984.97
8 $4,984.97 $700.15 $0.00 $28.19 $5,713.31
9 $5,713.31 $700.15 $0.00 $32.30 $6,445.76
10 $6,445.76 $700.15 $0.00 $36.45 $7,182.36
11 $7,182.36 $700.15 $0.00 $40.61 $7,923.12
12 $7,923.12 $700.15 $0.00 $44.80 $8,668.07
13 $8,668.07 $700.15 $0.00 $49.01 $9,417.23
14 $9,417.23 $700.15 $0.00 $53.25 $10,170.63
15 $10,170.63 $700.15 $0.00 $57.51 $10,928.29
16 $10,928.29 $700.15 $0.00 $61.79 $11,690.23
17 $11,690.23 $700.15 $0.00 $66.10 $12,456.48
18 $12,456.48 $700.15 $0.00 $70.43 $13,227.06
19 $13,227.06 $700.15 $0.00 $74.79 $14,002.00
20 $14,002.00 $700.15 $0.00 $79.17 $14,781.32
21 $14,781.32 $700.15 $0.00 $83.58 $15,565.05
22 $15,565.05 $700.15 $0.00 $88.01 $16,353.21
23 $16,353.21 $700.15 $0.00 $92.46 $17,145.82
24 $17,145.82 $700.15 $0.00 $96.94 $17,942.91
25 $17,942.91 $700.15 $0.00 $101.45 $18,744.51
26 $18,744.51 $700.15 $0.00 $105.98 $19,550.64
27 $19,550.64 $700.15 $0.00 $110.54 $20,361.33
28 $20,361.33 $700.15 $0.00 $115.13 $21,176.61
29 $21,176.61 $700.15 $0.00 $119.74 $21,996.50
30 $21,996.50 $700.15 $0.00 $124.37 $22,821.02
31 $22,821.02 $700.15 $0.00 $129.03 $23,650.20
32 $23,650.20 $700.15 $0.00 $133.72 $24,484.07
33 $24,484.07 $700.15 $0.00 $138.44 $25,322.66
34 $25,322.66 $700.15 $0.00 $143.18 $26,165.99
35 $26,165.99 $700.15 $0.00 $147.95 $27,014.09
36 $27,014.09 $700.15 $0.00 $152.74 $27,866.98
37 $27,866.98 $700.15 $0.00 $157.56 $28,724.69
38 $28,724.69 $700.15 $0.00 $162.41 $29,587.25
39 $29,587.25 $700.15 $0.00 $167.29 $30,454.69
40 $30,454.69 $700.15 $0.00 $172.20 $31,327.04
41 $31,327.04 $700.15 $0.00 $177.13 $32,204.32
42 $32,204.32 $700.15 $0.00 $182.09 $33,086.56
43 $33,086.56 $700.15 $0.00 $187.08 $33,973.79
44 $33,973.79 $700.15 $0.00 $192.09 $34,866.03
45 $34,866.03 $700.15 $0.00 $197.14 $35,763.32
46 $35,763.32 $700.15 $0.00 $202.21 $36,665.68
47 $36,665.68 $700.15 $0.00 $207.31 $37,573.14
48 $37,573.14 $700.15 $0.00 $212.44 $38,485.73
49 $38,485.73 $700.15 $0.00 $217.60 $39,403.48
50 $39,403.48 $700.15 $0.00 $222.79 $40,326.42
51 $40,326.42 $700.15 $0.00 $228.01 $41,254.58
52 $41,254.58 $700.15 $0.00 $233.26 $42,187.99
53 $42,187.99 $700.15 $0.00 $238.54 $43,126.68
54 $43,126.68 $700.15 $0.00 $243.84 $44,070.67
55 $44,070.67 $700.15 $0.00 $249.18 $45,020.00
56 $45,020.00 $700.15 $0.00 $254.55 $45,974.70
57 $45,974.70 $700.15 $0.00 $259.95 $46,934.80
58 $46,934.80 $700.15 $0.00 $265.38 $47,900.33
59 $47,900.33 $700.15 $0.00 $270.84 $48,871.32
60 $48,871.32 $700.15 $0.00 $276.33 $49,847.80
61 $49,847.80 $700.15 $0.00 $281.85 $50,829.80
62 $50,829.80 $700.15 $0.00 $287.40 $51,817.35
63 $51,817.35 $700.15 $0.00 $292.98 $52,810.48
64 $52,810.48 $700.15 $0.00 $298.60 $53,809.23
65 $53,809.23 $700.15 $0.00 $304.25 $54,813.63
66 $54,813.63 $700.15 $0.00 $309.92 $55,823.70
67 $55,823.70 $700.15 $0.00 $315.64 $56,839.49
68 $56,839.49 $700.15 $0.00 $321.38 $57,861.02
69 $57,861.02 $700.15 $0.00 $327.15 $58,888.32
70 $58,888.32 $700.15 $0.00 $332.96 $59,921.43
71 $59,921.43 $700.15 $0.00 $338.80 $60,960.38
72 $60,960.38 $700.15 $0.00 $344.68 $62,005.21
73 $62,005.21 $700.15 $0.00 $350.59 $63,055.95
74 $63,055.95 $700.15 $0.00 $356.53 $64,112.63
75 $64,112.63 $700.15 $0.00 $362.50 $65,175.28
76 $65,175.28 $700.15 $0.00 $368.51 $66,243.94
77 $66,243.94 $700.15 $0.00 $374.55 $67,318.64
78 $67,318.64 $700.15 $0.00 $380.63 $68,399.42
79 $68,399.42 $700.15 $0.00 $386.74 $69,486.31
80 $69,486.31 $700.15 $0.00 $392.89 $70,579.35
81 $70,579.35 $700.15 $0.00 $399.07 $71,678.57
82 $71,678.57 $700.15 $0.00 $405.28 $72,784.00
83 $72,784.00 $700.15 $0.00 $411.53 $73,895.68
84 $73,895.68 $700.15 $0.00 $417.82 $75,013.65
85 $75,013.65 $700.15 $0.00 $424.14 $76,137.94
86 $76,137.94 $700.15 $0.00 $430.49 $77,268.58
87 $77,268.58 $700.15 $0.00 $436.89 $78,405.62
88 $78,405.62 $700.15 $0.00 $443.32 $79,549.09
89 $79,549.09 $700.15 $0.00 $449.78 $80,699.02
90 $80,699.02 $700.15 $0.00 $456.28 $81,855.45
91 $81,855.45 $700.15 $0.00 $462.82 $83,018.42
92 $83,018.42 $700.15 $0.00 $469.40 $84,187.97
93 $84,187.97 $700.15 $0.00 $476.01 $85,364.13
94 $85,364.13 $700.15 $0.00 $482.66 $86,546.94
95 $86,546.94 $700.15 $0.00 $489.35 $87,736.44
96 $87,736.44 $700.15 $0.00 $496.07 $88,932.66
97 $88,932.66 $700.15 $0.00 $502.84 $90,135.65
98 $90,135.65 $700.15 $0.00 $509.64 $91,345.44
99 $91,345.44 $700.15 $0.00 $516.48 $92,562.07
100 $92,562.07 $700.15 $0.00 $523.36 $93,785.58
101 $93,785.58 $700.15 $0.00 $530.28 $95,016.01
102 $95,016.01 $700.15 $0.00 $537.23 $96,253.39
103 $96,253.39 $700.15 $0.00 $544.23 $97,497.77
104 $97,497.77 $700.15 $0.00 $551.27 $98,749.19
105 $98,749.19 $700.15 $0.00 $558.34 $100,007.68
106 $100,007.68 $700.15 $0.00 $565.46 $101,273.29
107 $101,273.29 $700.15 $0.00 $572.61 $102,546.05
108 $102,546.05 $700.15 $0.00 $579.81 $103,826.01
109 $103,826.01 $700.15 $0.00 $587.05 $105,113.21
110 $105,113.21 $700.15 $0.00 $594.33 $106,407.69
111 $106,407.69 $700.15 $0.00 $601.64 $107,709.48
112 $107,709.48 $700.15 $0.00 $609.01 $109,018.64
113 $109,018.64 $700.15 $0.00 $616.41 $110,335.20
114 $110,335.20 $700.15 $0.00 $623.85 $111,659.20
115 $111,659.20 $700.15 $0.00 $631.34 $112,990.69
116 $112,990.69 $700.15 $0.00 $638.87 $114,329.71
117 $114,329.71 $700.15 $0.00 $646.44 $115,676.30
118 $115,676.30 $700.15 $0.00 $654.05 $117,030.50
119 $117,030.50 $700.15 $0.00 $661.71 $118,392.36
120 $118,392.36 $700.15 $0.00 $669.41 $119,761.92
121 $119,761.92 $700.15 $0.00 $677.15 $121,139.22
122 $121,139.22 $700.15 $0.00 $684.94 $122,524.31
123 $122,524.31 $700.15 $0.00 $692.77 $123,917.23
124 $123,917.23 $700.15 $0.00 $700.65 $125,318.03
125 $125,318.03 $700.15 $0.00 $708.57 $126,726.75
126 $126,726.75 $700.15 $0.00 $716.53 $128,143.43
127 $128,143.43 $700.15 $0.00 $724.54 $129,568.12
128 $129,568.12 $700.15 $0.00 $732.60 $131,000.87
129 $131,000.87 $700.15 $0.00 $740.70 $132,441.72
130 $132,441.72 $700.15 $0.00 $748.84 $133,890.71
131 $133,890.71 $700.15 $0.00 $757.04 $135,347.90
132 $135,347.90 $700.15 $0.00 $765.28 $136,813.33
133 $136,813.33 $700.15 $0.00 $773.56 $138,287.04
134 $138,287.04 $700.15 $0.00 $781.90 $139,769.09
135 $139,769.09 $700.15 $0.00 $790.27 $141,259.51
136 $141,259.51 $700.15 $0.00 $798.70 $142,758.36
137 $142,758.36 $700.15 $0.00 $807.18 $144,265.69
138 $144,265.69 $700.15 $0.00 $815.70 $145,781.54
139 $145,781.54 $700.15 $0.00 $824.27 $147,305.96
140 $147,305.96 $700.15 $0.00 $832.89 $148,839.00
141 $148,839.00 $700.15 $0.00 $841.56 $150,380.71
142 $150,380.71 $700.15 $0.00 $850.27 $151,931.13
143 $151,931.13 $700.15 $0.00 $859.04 $153,490.32
144 $153,490.32 $700.15 $0.00 $867.86 $155,058.33
145 $155,058.33 $700.15 $0.00 $876.72 $156,635.20
146 $156,635.20 $700.15 $0.00 $885.64 $158,220.99
147 $158,220.99 $700.15 $0.00 $894.60 $159,815.74
148 $159,815.74 $700.15 $0.00 $903.62 $161,419.51
149 $161,419.51 $700.15 $0.00 $912.69 $163,032.35
150 $163,032.35 $700.15 $0.00 $921.81 $164,654.31
151 $164,654.31 $700.15 $0.00 $930.98 $166,285.44
152 $166,285.44 $700.15 $0.00 $940.20 $167,925.79
153 $167,925.79 $700.15 $0.00 $949.48 $169,575.42
154 $169,575.42 $700.15 $0.00 $958.80 $171,234.37
155 $171,234.37 $700.15 $0.00 $968.18 $172,902.70
156 $172,902.70 $700.15 $0.00 $977.62 $174,580.47
157 $174,580.47 $700.15 $0.00 $987.10 $176,267.72
158 $176,267.72 $700.15 $0.00 $996.64 $177,964.51
159 $177,964.51 $700.15 $0.00 $1,006.24 $179,670.90
160 $179,670.90 $700.15 $0.00 $1,015.89 $181,386.94
161 $181,386.94 $700.15 $0.00 $1,025.59 $183,112.68
162 $183,112.68 $700.15 $0.00 $1,035.35 $184,848.18
163 $184,848.18 $700.15 $0.00 $1,045.16 $186,593.49
164 $186,593.49 $700.15 $0.00 $1,055.03 $188,348.67
165 $188,348.67 $700.15 $0.00 $1,064.95 $190,113.77
166 $190,113.77 $700.15 $0.00 $1,074.93 $191,888.85
167 $191,888.85 $700.15 $0.00 $1,084.97 $193,673.97
168 $193,673.97 $700.15 $0.00 $1,095.06 $195,469.18
169 $195,469.18 $700.15 $0.00 $1,105.21 $197,274.54
170 $197,274.54 $700.15 $0.00 $1,115.42 $199,090.11
171 $199,090.11 $700.15 $0.00 $1,125.68 $200,915.94
172 $200,915.94 $700.15 $0.00 $1,136.01 $202,752.10
173 $202,752.10 $700.15 $0.00 $1,146.39 $204,598.64
174 $204,598.64 $700.15 $0.00 $1,156.83 $206,455.62
175 $206,455.62 $700.15 $0.00 $1,167.33 $208,323.10
176 $208,323.10 $700.15 $0.00 $1,177.89 $210,201.14
177 $210,201.14 $700.15 $0.00 $1,188.51 $212,089.80
178 $212,089.80 $700.15 $0.00 $1,199.19 $213,989.14
179 $213,989.14 $700.15 $0.00 $1,209.93 $215,899.22
180 $215,899.22 $700.15 $0.00 $1,220.73 $217,820.10
181 $217,820.10 $700.15 $0.00 $1,231.59 $219,751.84
182 $219,751.84 $700.15 $0.00 $1,242.51 $221,694.50
183 $221,694.50 $700.15 $0.00 $1,253.49 $223,648.14
184 $223,648.14 $700.15 $0.00 $1,264.54 $225,612.83
185 $225,612.83 $700.15 $0.00 $1,275.65 $227,588.63
186 $227,588.63 $700.15 $0.00 $1,286.82 $229,575.60
187 $229,575.60 $700.15 $0.00 $1,298.05 $231,573.80
188 $231,573.80 $700.15 $0.00 $1,309.35 $233,583.30
189 $233,583.30 $700.15 $0.00 $1,320.71 $235,604.16
190 $235,604.16 $700.15 $0.00 $1,332.14 $237,636.45
191 $237,636.45 $700.15 $0.00 $1,343.63 $239,680.23
192 $239,680.23 $700.15 $0.00 $1,355.19 $241,735.57
193 $241,735.57 $700.15 $0.00 $1,366.81 $243,802.53
194 $243,802.53 $700.15 $0.00 $1,378.49 $245,881.17
195 $245,881.17 $700.15 $0.00 $1,390.25 $247,971.57
196 $247,971.57 $700.15 $0.00 $1,402.07 $250,073.79
197 $250,073.79 $700.15 $0.00 $1,413.95 $252,187.89
198 $252,187.89 $700.15 $0.00 $1,425.91 $254,313.95
199 $254,313.95 $700.15 $0.00 $1,437.93 $256,452.03
200 $256,452.03 $700.15 $0.00 $1,450.02 $258,602.20
201 $258,602.20 $700.15 $0.00 $1,462.17 $260,764.52
202 $260,764.52 $700.15 $0.00 $1,474.40 $262,939.07
203 $262,939.07 $700.15 $0.00 $1,486.70 $265,125.92
204 $265,125.92 $700.15 $0.00 $1,499.06 $267,325.13
205 $267,325.13 $700.15 $0.00 $1,511.50 $269,536.78
206 $269,536.78 $700.15 $0.00 $1,524.00 $271,760.93
207 $271,760.93 $700.15 $0.00 $1,536.58 $273,997.66
208 $273,997.66 $700.15 $0.00 $1,549.22 $276,247.03
209 $276,247.03 $700.15 $0.00 $1,561.94 $278,509.12
210 $278,509.12 $700.15 $0.00 $1,574.73 $280,784.00
211 $280,784.00 $700.15 $0.00 $1,587.59 $283,071.74
212 $283,071.74 $700.15 $0.00 $1,600.53 $285,372.42
213 $285,372.42 $700.15 $0.00 $1,613.54 $287,686.11
214 $287,686.11 $700.15 $0.00 $1,626.62 $290,012.88
215 $290,012.88 $700.15 $0.00 $1,639.77 $292,352.80
216 $292,352.80 $700.15 $0.00 $1,653.01 $294,705.96
217 $294,705.96 $700.15 $82,084.97 $1,666.31 $214,987.45
218 $214,987.45 $700.15 $0.00 $1,215.57 $216,903.17
219 $216,903.17 $700.15 $0.00 $1,226.40 $218,829.72
220 $218,829.72 $700.15 $0.00 $1,237.30 $220,767.17
221 $220,767.17 $700.15 $0.00 $1,248.25 $222,715.57
222 $222,715.57 $700.15 $0.00 $1,259.27 $224,674.99
223 $224,674.99 $700.15 $0.00 $1,270.35 $226,645.49
224 $226,645.49 $700.15 $0.00 $1,281.49 $228,627.13
225 $228,627.13 $700.15 $0.00 $1,292.69 $230,619.97
226 $230,619.97 $700.15 $0.00 $1,303.96 $232,624.08
227 $232,624.08 $700.15 $0.00 $1,315.29 $234,639.52
228 $234,639.52 $700.15 $0.00 $1,326.69 $236,666.36
229 $236,666.36 $700.15 $86,189.22 $1,338.15 $152,515.44
230 $152,515.44 $700.15 $0.00 $862.34 $154,077.93
231 $154,077.93 $700.15 $0.00 $871.18 $155,649.26
232 $155,649.26 $700.15 $0.00 $880.06 $157,229.47
233 $157,229.47 $700.15 $0.00 $889.00 $158,818.62
234 $158,818.62 $700.15 $0.00 $897.98 $160,416.75
235 $160,416.75 $700.15 $0.00 $907.02 $162,023.92
236 $162,023.92 $700.15 $0.00 $916.11 $163,640.18
237 $163,640.18 $700.15 $0.00 $925.25 $165,265.58
238 $165,265.58 $700.15 $0.00 $934.44 $166,900.17
239 $166,900.17 $700.15 $0.00 $943.68 $168,544.00
240 $168,544.00 $700.15 $0.00 $952.97 $170,197.12
241 $170,197.12 $700.15 $90,498.68 $962.32 $81,360.91
242 $81,360.91 $700.15 $0.00 $460.03 $82,521.09
243 $82,521.09 $700.15 $0.00 $466.59 $83,687.83
244 $83,687.83 $700.15 $0.00 $473.18 $84,861.16
245 $84,861.16 $700.15 $0.00 $479.82 $86,041.13
246 $86,041.13 $700.15 $0.00 $486.49 $87,227.77
247 $87,227.77 $700.15 $0.00 $493.20 $88,421.12
248 $88,421.12 $700.15 $0.00 $499.95 $89,621.22
249 $89,621.22 $700.15 $0.00 $506.73 $90,828.10
250 $90,828.10 $700.15 $0.00 $513.56 $92,041.81
251 $92,041.81 $700.15 $0.00 $520.42 $93,262.38
252 $93,262.38 $700.15 $0.00 $527.32 $94,489.85
253 $94,489.85 $0.00 $95,023.61 $534.26 $0.50