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 2042$131,560
Monthly savings required$1,040

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 $526,240.18 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,039.75 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$35,067.00
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 $1,039.75 $0.00 $0.00 $1,039.75
2 $1,039.75 $1,039.75 $0.00 $5.88 $2,085.38
3 $2,085.38 $1,039.75 $0.00 $11.79 $3,136.92
4 $3,136.92 $1,039.75 $0.00 $17.74 $4,194.41
5 $4,194.41 $1,039.75 $0.00 $23.72 $5,257.88
6 $5,257.88 $1,039.75 $0.00 $29.73 $6,327.36
7 $6,327.36 $1,039.75 $0.00 $35.78 $7,402.89
8 $7,402.89 $1,039.75 $0.00 $41.86 $8,484.50
9 $8,484.50 $1,039.75 $0.00 $47.97 $9,572.22
10 $9,572.22 $1,039.75 $0.00 $54.12 $10,666.09
11 $10,666.09 $1,039.75 $0.00 $60.31 $11,766.15
12 $11,766.15 $1,039.75 $0.00 $66.53 $12,872.43
13 $12,872.43 $1,039.75 $0.00 $72.78 $13,984.96
14 $13,984.96 $1,039.75 $0.00 $79.07 $15,103.78
15 $15,103.78 $1,039.75 $0.00 $85.40 $16,228.93
16 $16,228.93 $1,039.75 $0.00 $91.76 $17,360.44
17 $17,360.44 $1,039.75 $0.00 $98.16 $18,498.35
18 $18,498.35 $1,039.75 $0.00 $104.59 $19,642.69
19 $19,642.69 $1,039.75 $0.00 $111.06 $20,793.50
20 $20,793.50 $1,039.75 $0.00 $117.57 $21,950.82
21 $21,950.82 $1,039.75 $0.00 $124.11 $23,114.68
22 $23,114.68 $1,039.75 $0.00 $130.69 $24,285.12
23 $24,285.12 $1,039.75 $0.00 $137.31 $25,462.18
24 $25,462.18 $1,039.75 $0.00 $143.97 $26,645.90
25 $26,645.90 $1,039.75 $0.00 $150.66 $27,836.31
26 $27,836.31 $1,039.75 $0.00 $157.39 $29,033.45
27 $29,033.45 $1,039.75 $0.00 $164.16 $30,237.36
28 $30,237.36 $1,039.75 $0.00 $170.97 $31,448.08
29 $31,448.08 $1,039.75 $0.00 $177.81 $32,665.64
30 $32,665.64 $1,039.75 $0.00 $184.70 $33,890.09
31 $33,890.09 $1,039.75 $0.00 $191.62 $35,121.46
32 $35,121.46 $1,039.75 $0.00 $198.58 $36,359.79
33 $36,359.79 $1,039.75 $0.00 $205.58 $37,605.12
34 $37,605.12 $1,039.75 $0.00 $212.62 $38,857.49
35 $38,857.49 $1,039.75 $0.00 $219.71 $40,116.95
36 $40,116.95 $1,039.75 $0.00 $226.83 $41,383.53
37 $41,383.53 $1,039.75 $0.00 $233.99 $42,657.27
38 $42,657.27 $1,039.75 $0.00 $241.19 $43,938.21
39 $43,938.21 $1,039.75 $0.00 $248.43 $45,226.39
40 $45,226.39 $1,039.75 $0.00 $255.72 $46,521.86
41 $46,521.86 $1,039.75 $0.00 $263.04 $47,824.65
42 $47,824.65 $1,039.75 $0.00 $270.41 $49,134.81
43 $49,134.81 $1,039.75 $0.00 $277.82 $50,452.38
44 $50,452.38 $1,039.75 $0.00 $285.27 $51,777.40
45 $51,777.40 $1,039.75 $0.00 $292.76 $53,109.91
46 $53,109.91 $1,039.75 $0.00 $300.29 $54,449.95
47 $54,449.95 $1,039.75 $0.00 $307.87 $55,797.57
48 $55,797.57 $1,039.75 $0.00 $315.49 $57,152.81
49 $57,152.81 $1,039.75 $0.00 $323.15 $58,515.71
50 $58,515.71 $1,039.75 $0.00 $330.86 $59,886.32
51 $59,886.32 $1,039.75 $0.00 $338.61 $61,264.68
52 $61,264.68 $1,039.75 $0.00 $346.40 $62,650.83
53 $62,650.83 $1,039.75 $0.00 $354.24 $64,044.82
54 $64,044.82 $1,039.75 $0.00 $362.12 $65,446.69
55 $65,446.69 $1,039.75 $0.00 $370.05 $66,856.49
56 $66,856.49 $1,039.75 $0.00 $378.02 $68,274.26
57 $68,274.26 $1,039.75 $0.00 $386.03 $69,700.04
58 $69,700.04 $1,039.75 $0.00 $394.09 $71,133.88
59 $71,133.88 $1,039.75 $0.00 $402.20 $72,575.83
60 $72,575.83 $1,039.75 $0.00 $410.35 $74,025.93
61 $74,025.93 $1,039.75 $0.00 $418.55 $75,484.23
62 $75,484.23 $1,039.75 $0.00 $426.80 $76,950.78
63 $76,950.78 $1,039.75 $0.00 $435.09 $78,425.62
64 $78,425.62 $1,039.75 $0.00 $443.43 $79,908.80
65 $79,908.80 $1,039.75 $0.00 $451.82 $81,400.37
66 $81,400.37 $1,039.75 $0.00 $460.25 $82,900.37
67 $82,900.37 $1,039.75 $0.00 $468.73 $84,408.85
68 $84,408.85 $1,039.75 $0.00 $477.26 $85,925.86
69 $85,925.86 $1,039.75 $0.00 $485.84 $87,451.45
70 $87,451.45 $1,039.75 $0.00 $494.46 $88,985.66
71 $88,985.66 $1,039.75 $0.00 $503.14 $90,528.55
72 $90,528.55 $1,039.75 $0.00 $511.86 $92,080.16
73 $92,080.16 $1,039.75 $0.00 $520.63 $93,640.54
74 $93,640.54 $1,039.75 $0.00 $529.46 $95,209.75
75 $95,209.75 $1,039.75 $0.00 $538.33 $96,787.83
76 $96,787.83 $1,039.75 $0.00 $547.25 $98,374.83
77 $98,374.83 $1,039.75 $0.00 $556.23 $99,970.81
78 $99,970.81 $1,039.75 $0.00 $565.25 $101,575.81
79 $101,575.81 $1,039.75 $0.00 $574.32 $103,189.88
80 $103,189.88 $1,039.75 $0.00 $583.45 $104,813.08
81 $104,813.08 $1,039.75 $0.00 $592.63 $106,445.46
82 $106,445.46 $1,039.75 $0.00 $601.86 $108,087.07
83 $108,087.07 $1,039.75 $0.00 $611.14 $109,737.96
84 $109,737.96 $1,039.75 $0.00 $620.47 $111,398.18
85 $111,398.18 $1,039.75 $0.00 $629.86 $113,067.79
86 $113,067.79 $1,039.75 $0.00 $639.30 $114,746.84
87 $114,746.84 $1,039.75 $0.00 $648.80 $116,435.39
88 $116,435.39 $1,039.75 $0.00 $658.34 $118,133.48
89 $118,133.48 $1,039.75 $0.00 $667.94 $119,841.17
90 $119,841.17 $1,039.75 $0.00 $677.60 $121,558.52
91 $121,558.52 $1,039.75 $0.00 $687.31 $123,285.58
92 $123,285.58 $1,039.75 $0.00 $697.07 $125,022.40
93 $125,022.40 $1,039.75 $0.00 $706.89 $126,769.04
94 $126,769.04 $1,039.75 $0.00 $716.77 $128,525.56
95 $128,525.56 $1,039.75 $0.00 $726.70 $130,292.01
96 $130,292.01 $1,039.75 $0.00 $736.69 $132,068.45
97 $132,068.45 $1,039.75 $0.00 $746.73 $133,854.93
98 $133,854.93 $1,039.75 $0.00 $756.84 $135,651.52
99 $135,651.52 $1,039.75 $0.00 $766.99 $137,458.26
100 $137,458.26 $1,039.75 $0.00 $777.21 $139,275.22
101 $139,275.22 $1,039.75 $0.00 $787.48 $141,102.45
102 $141,102.45 $1,039.75 $0.00 $797.81 $142,940.01
103 $142,940.01 $1,039.75 $0.00 $808.20 $144,787.96
104 $144,787.96 $1,039.75 $0.00 $818.65 $146,646.36
105 $146,646.36 $1,039.75 $0.00 $829.16 $148,515.27
106 $148,515.27 $1,039.75 $0.00 $839.73 $150,394.75
107 $150,394.75 $1,039.75 $0.00 $850.35 $152,284.85
108 $152,284.85 $1,039.75 $0.00 $861.04 $154,185.64
109 $154,185.64 $1,039.75 $0.00 $871.79 $156,097.18
110 $156,097.18 $1,039.75 $0.00 $882.60 $158,019.53
111 $158,019.53 $1,039.75 $0.00 $893.47 $159,952.75
112 $159,952.75 $1,039.75 $0.00 $904.40 $161,896.90
113 $161,896.90 $1,039.75 $0.00 $915.39 $163,852.04
114 $163,852.04 $1,039.75 $0.00 $926.44 $165,818.23
115 $165,818.23 $1,039.75 $0.00 $937.56 $167,795.54
116 $167,795.54 $1,039.75 $0.00 $948.74 $169,784.03
117 $169,784.03 $1,039.75 $0.00 $959.98 $171,783.76
118 $171,783.76 $1,039.75 $0.00 $971.29 $173,794.80
119 $173,794.80 $1,039.75 $0.00 $982.66 $175,817.21
120 $175,817.21 $1,039.75 $0.00 $994.10 $177,851.06
121 $177,851.06 $1,039.75 $0.00 $1,005.60 $179,896.41
122 $179,896.41 $1,039.75 $0.00 $1,017.16 $181,953.32
123 $181,953.32 $1,039.75 $0.00 $1,028.79 $184,021.86
124 $184,021.86 $1,039.75 $0.00 $1,040.49 $186,102.10
125 $186,102.10 $1,039.75 $0.00 $1,052.25 $188,194.10
126 $188,194.10 $1,039.75 $0.00 $1,064.08 $190,297.93
127 $190,297.93 $1,039.75 $0.00 $1,075.97 $192,413.65
128 $192,413.65 $1,039.75 $0.00 $1,087.93 $194,541.33
129 $194,541.33 $1,039.75 $0.00 $1,099.96 $196,681.04
130 $196,681.04 $1,039.75 $0.00 $1,112.06 $198,832.85
131 $198,832.85 $1,039.75 $0.00 $1,124.23 $200,996.83
132 $200,996.83 $1,039.75 $0.00 $1,136.47 $203,173.05
133 $203,173.05 $1,039.75 $0.00 $1,148.77 $205,361.57
134 $205,361.57 $1,039.75 $0.00 $1,161.14 $207,562.46
135 $207,562.46 $1,039.75 $0.00 $1,173.59 $209,775.80
136 $209,775.80 $1,039.75 $0.00 $1,186.10 $212,001.65
137 $212,001.65 $1,039.75 $0.00 $1,198.69 $214,240.09
138 $214,240.09 $1,039.75 $0.00 $1,211.34 $216,491.18
139 $216,491.18 $1,039.75 $0.00 $1,224.07 $218,755.00
140 $218,755.00 $1,039.75 $0.00 $1,236.87 $221,031.62
141 $221,031.62 $1,039.75 $0.00 $1,249.74 $223,321.11
142 $223,321.11 $1,039.75 $0.00 $1,262.69 $225,623.55
143 $225,623.55 $1,039.75 $0.00 $1,275.71 $227,939.01
144 $227,939.01 $1,039.75 $0.00 $1,288.80 $230,267.56
145 $230,267.56 $1,039.75 $0.00 $1,301.97 $232,609.28
146 $232,609.28 $1,039.75 $0.00 $1,315.21 $234,964.24
147 $234,964.24 $1,039.75 $0.00 $1,328.52 $237,332.51
148 $237,332.51 $1,039.75 $0.00 $1,341.91 $239,714.17
149 $239,714.17 $1,039.75 $0.00 $1,355.38 $242,109.30
150 $242,109.30 $1,039.75 $0.00 $1,368.92 $244,517.97
151 $244,517.97 $1,039.75 $0.00 $1,382.54 $246,940.26
152 $246,940.26 $1,039.75 $0.00 $1,396.24 $249,376.25
153 $249,376.25 $1,039.75 $0.00 $1,410.01 $251,826.01
154 $251,826.01 $1,039.75 $0.00 $1,423.86 $254,289.62
155 $254,289.62 $1,039.75 $0.00 $1,437.79 $256,767.16
156 $256,767.16 $1,039.75 $0.00 $1,451.80 $259,258.71
157 $259,258.71 $1,039.75 $0.00 $1,465.89 $261,764.35
158 $261,764.35 $1,039.75 $0.00 $1,480.05 $264,284.15
159 $264,284.15 $1,039.75 $0.00 $1,494.30 $266,818.20
160 $266,818.20 $1,039.75 $0.00 $1,508.63 $269,366.58
161 $269,366.58 $1,039.75 $0.00 $1,523.04 $271,929.37
162 $271,929.37 $1,039.75 $0.00 $1,537.53 $274,506.65
163 $274,506.65 $1,039.75 $0.00 $1,552.10 $277,098.50
164 $277,098.50 $1,039.75 $0.00 $1,566.76 $279,705.01
165 $279,705.01 $1,039.75 $0.00 $1,581.49 $282,326.25
166 $282,326.25 $1,039.75 $0.00 $1,596.31 $284,962.31
167 $284,962.31 $1,039.75 $0.00 $1,611.22 $287,613.28
168 $287,613.28 $1,039.75 $0.00 $1,626.21 $290,279.24
169 $290,279.24 $1,039.75 $0.00 $1,641.28 $292,960.27
170 $292,960.27 $1,039.75 $0.00 $1,656.44 $295,656.46
171 $295,656.46 $1,039.75 $0.00 $1,671.68 $298,367.89
172 $298,367.89 $1,039.75 $0.00 $1,687.02 $301,094.66
173 $301,094.66 $1,039.75 $0.00 $1,702.43 $303,836.84
174 $303,836.84 $1,039.75 $0.00 $1,717.94 $306,594.53
175 $306,594.53 $1,039.75 $0.00 $1,733.53 $309,367.81
176 $309,367.81 $1,039.75 $0.00 $1,749.21 $312,156.77
177 $312,156.77 $1,039.75 $0.00 $1,764.98 $314,961.50
178 $314,961.50 $1,039.75 $0.00 $1,780.84 $317,782.09
179 $317,782.09 $1,039.75 $0.00 $1,796.79 $320,618.63
180 $320,618.63 $1,039.75 $0.00 $1,812.82 $323,471.20
181 $323,471.20 $1,039.75 $0.00 $1,828.95 $326,339.90
182 $326,339.90 $1,039.75 $0.00 $1,845.17 $329,224.82
183 $329,224.82 $1,039.75 $0.00 $1,861.48 $332,126.05
184 $332,126.05 $1,039.75 $0.00 $1,877.89 $335,043.69
185 $335,043.69 $1,039.75 $0.00 $1,894.39 $337,977.83
186 $337,977.83 $1,039.75 $0.00 $1,910.98 $340,928.56
187 $340,928.56 $1,039.75 $0.00 $1,927.66 $343,895.97
188 $343,895.97 $1,039.75 $0.00 $1,944.44 $346,880.16
189 $346,880.16 $1,039.75 $0.00 $1,961.31 $349,881.22
190 $349,881.22 $1,039.75 $0.00 $1,978.28 $352,899.25
191 $352,899.25 $1,039.75 $0.00 $1,995.34 $355,934.34
192 $355,934.34 $1,039.75 $0.00 $2,012.50 $358,986.59
193 $358,986.59 $1,039.75 $0.00 $2,029.76 $362,056.10
194 $362,056.10 $1,039.75 $0.00 $2,047.12 $365,142.97
195 $365,142.97 $1,039.75 $0.00 $2,064.57 $368,247.29
196 $368,247.29 $1,039.75 $0.00 $2,082.12 $371,369.16
197 $371,369.16 $1,039.75 $0.00 $2,099.78 $374,508.69
198 $374,508.69 $1,039.75 $0.00 $2,117.53 $377,665.97
199 $377,665.97 $1,039.75 $0.00 $2,135.38 $380,841.10
200 $380,841.10 $1,039.75 $0.00 $2,153.33 $384,034.18
201 $384,034.18 $1,039.75 $0.00 $2,171.39 $387,245.32
202 $387,245.32 $1,039.75 $0.00 $2,189.54 $390,474.61
203 $390,474.61 $1,039.75 $0.00 $2,207.80 $393,722.16
204 $393,722.16 $1,039.75 $0.00 $2,226.16 $396,988.07
205 $396,988.07 $1,039.75 $0.00 $2,244.63 $400,272.45
206 $400,272.45 $1,039.75 $0.00 $2,263.20 $403,575.40
207 $403,575.40 $1,039.75 $0.00 $2,281.87 $406,897.02
208 $406,897.02 $1,039.75 $0.00 $2,300.65 $410,237.42
209 $410,237.42 $1,039.75 $0.00 $2,319.54 $413,596.71
210 $413,596.71 $1,039.75 $0.00 $2,338.54 $416,975.00
211 $416,975.00 $1,039.75 $0.00 $2,357.64 $420,372.39
212 $420,372.39 $1,039.75 $0.00 $2,376.85 $423,788.99
213 $423,788.99 $1,039.75 $0.00 $2,396.16 $427,224.90
214 $427,224.90 $1,039.75 $0.00 $2,415.59 $430,680.24
215 $430,680.24 $1,039.75 $0.00 $2,435.13 $434,155.12
216 $434,155.12 $1,039.75 $0.00 $2,454.78 $437,649.65
217 $437,649.65 $1,039.75 $118,524.09 $2,474.53 $322,639.84
218 $322,639.84 $1,039.75 $0.00 $1,824.25 $325,503.84
219 $325,503.84 $1,039.75 $0.00 $1,840.45 $328,384.04
220 $328,384.04 $1,039.75 $0.00 $1,856.73 $331,280.52
221 $331,280.52 $1,039.75 $0.00 $1,873.11 $334,193.38
222 $334,193.38 $1,039.75 $0.00 $1,889.58 $337,122.71
223 $337,122.71 $1,039.75 $0.00 $1,906.14 $340,068.60
224 $340,068.60 $1,039.75 $0.00 $1,922.80 $343,031.15
225 $343,031.15 $1,039.75 $0.00 $1,939.55 $346,010.45
226 $346,010.45 $1,039.75 $0.00 $1,956.39 $349,006.59
227 $349,006.59 $1,039.75 $0.00 $1,973.33 $352,019.67
228 $352,019.67 $1,039.75 $0.00 $1,990.37 $355,049.79
229 $355,049.79 $1,039.75 $126,820.77 $2,007.50 $231,276.27
230 $231,276.27 $1,039.75 $0.00 $1,307.67 $233,623.69
231 $233,623.69 $1,039.75 $0.00 $1,320.94 $235,984.38
232 $235,984.38 $1,039.75 $0.00 $1,334.29 $238,358.42
233 $238,358.42 $1,039.75 $0.00 $1,347.71 $240,745.88
234 $240,745.88 $1,039.75 $0.00 $1,361.21 $243,146.84
235 $243,146.84 $1,039.75 $0.00 $1,374.79 $245,561.38
236 $245,561.38 $1,039.75 $0.00 $1,388.44 $247,989.57
237 $247,989.57 $1,039.75 $0.00 $1,402.17 $250,431.49
238 $250,431.49 $1,039.75 $0.00 $1,415.98 $252,887.22
239 $252,887.22 $1,039.75 $0.00 $1,429.86 $255,356.83
240 $255,356.83 $1,039.75 $0.00 $1,443.82 $257,840.40
241 $257,840.40 $1,039.75 $135,698.23 $1,457.87 $124,639.79
242 $124,639.79 $1,039.75 $0.00 $704.73 $126,384.27
243 $126,384.27 $1,039.75 $0.00 $714.60 $128,138.62
244 $128,138.62 $1,039.75 $0.00 $724.51 $129,902.88
245 $129,902.88 $1,039.75 $0.00 $734.49 $131,677.12
246 $131,677.12 $1,039.75 $0.00 $744.52 $133,461.39
247 $133,461.39 $1,039.75 $0.00 $754.61 $135,255.75
248 $135,255.75 $1,039.75 $0.00 $764.76 $137,060.26
249 $137,060.26 $1,039.75 $0.00 $774.96 $138,874.97
250 $138,874.97 $1,039.75 $0.00 $785.22 $140,699.94
251 $140,699.94 $1,039.75 $0.00 $795.54 $142,535.23
252 $142,535.23 $1,039.75 $0.00 $805.91 $144,380.89
253 $144,380.89 $0.00 $145,197.10 $816.35 $0.14