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 2040$85,568
Monthly savings required$677

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 $342,272.26 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $677.34 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$32,997.00
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 $677.34 $0.00 $0.00 $677.34
2 $677.34 $677.34 $0.00 $3.83 $1,358.51
3 $1,358.51 $677.34 $0.00 $7.68 $2,043.53
4 $2,043.53 $677.34 $0.00 $11.55 $2,732.42
5 $2,732.42 $677.34 $0.00 $15.45 $3,425.21
6 $3,425.21 $677.34 $0.00 $19.37 $4,121.92
7 $4,121.92 $677.34 $0.00 $23.31 $4,822.57
8 $4,822.57 $677.34 $0.00 $27.27 $5,527.18
9 $5,527.18 $677.34 $0.00 $31.25 $6,235.77
10 $6,235.77 $677.34 $0.00 $35.26 $6,948.37
11 $6,948.37 $677.34 $0.00 $39.29 $7,665.00
12 $7,665.00 $677.34 $0.00 $43.34 $8,385.68
13 $8,385.68 $677.34 $0.00 $47.41 $9,110.43
14 $9,110.43 $677.34 $0.00 $51.51 $9,839.28
15 $9,839.28 $677.34 $0.00 $55.63 $10,572.25
16 $10,572.25 $677.34 $0.00 $59.78 $11,309.37
17 $11,309.37 $677.34 $0.00 $63.94 $12,050.65
18 $12,050.65 $677.34 $0.00 $68.14 $12,796.13
19 $12,796.13 $677.34 $0.00 $72.35 $13,545.82
20 $13,545.82 $677.34 $0.00 $76.59 $14,299.75
21 $14,299.75 $677.34 $0.00 $80.85 $15,057.94
22 $15,057.94 $677.34 $0.00 $85.14 $15,820.42
23 $15,820.42 $677.34 $0.00 $89.45 $16,587.21
24 $16,587.21 $677.34 $0.00 $93.79 $17,358.34
25 $17,358.34 $677.34 $0.00 $98.15 $18,133.83
26 $18,133.83 $677.34 $0.00 $102.53 $18,913.70
27 $18,913.70 $677.34 $0.00 $106.94 $19,697.98
28 $19,697.98 $677.34 $0.00 $111.38 $20,486.70
29 $20,486.70 $677.34 $0.00 $115.83 $21,279.87
30 $21,279.87 $677.34 $0.00 $120.32 $22,077.53
31 $22,077.53 $677.34 $0.00 $124.83 $22,879.70
32 $22,879.70 $677.34 $0.00 $129.37 $23,686.41
33 $23,686.41 $677.34 $0.00 $133.93 $24,497.68
34 $24,497.68 $677.34 $0.00 $138.51 $25,313.53
35 $25,313.53 $677.34 $0.00 $143.13 $26,134.00
36 $26,134.00 $677.34 $0.00 $147.77 $26,959.11
37 $26,959.11 $677.34 $0.00 $152.43 $27,788.88
38 $27,788.88 $677.34 $0.00 $157.12 $28,623.34
39 $28,623.34 $677.34 $0.00 $161.84 $29,462.52
40 $29,462.52 $677.34 $0.00 $166.59 $30,306.45
41 $30,306.45 $677.34 $0.00 $171.36 $31,155.15
42 $31,155.15 $677.34 $0.00 $176.16 $32,008.65
43 $32,008.65 $677.34 $0.00 $180.98 $32,866.97
44 $32,866.97 $677.34 $0.00 $185.83 $33,730.14
45 $33,730.14 $677.34 $0.00 $190.72 $34,598.20
46 $34,598.20 $677.34 $0.00 $195.62 $35,471.16
47 $35,471.16 $677.34 $0.00 $200.56 $36,349.06
48 $36,349.06 $677.34 $0.00 $205.52 $37,231.92
49 $37,231.92 $677.34 $0.00 $210.51 $38,119.77
50 $38,119.77 $677.34 $0.00 $215.53 $39,012.64
51 $39,012.64 $677.34 $0.00 $220.58 $39,910.56
52 $39,910.56 $677.34 $0.00 $225.66 $40,813.56
53 $40,813.56 $677.34 $0.00 $230.77 $41,721.67
54 $41,721.67 $677.34 $0.00 $235.90 $42,634.91
55 $42,634.91 $677.34 $0.00 $241.06 $43,553.31
56 $43,553.31 $677.34 $0.00 $246.26 $44,476.91
57 $44,476.91 $677.34 $0.00 $251.48 $45,405.73
58 $45,405.73 $677.34 $0.00 $256.73 $46,339.80
59 $46,339.80 $677.34 $0.00 $262.01 $47,279.15
60 $47,279.15 $677.34 $0.00 $267.32 $48,223.81
61 $48,223.81 $677.34 $0.00 $272.66 $49,173.81
62 $49,173.81 $677.34 $0.00 $278.04 $50,129.19
63 $50,129.19 $677.34 $0.00 $283.44 $51,089.97
64 $51,089.97 $677.34 $0.00 $288.87 $52,056.18
65 $52,056.18 $677.34 $0.00 $294.33 $53,027.85
66 $53,027.85 $677.34 $0.00 $299.83 $54,005.02
67 $54,005.02 $677.34 $0.00 $305.35 $54,987.71
68 $54,987.71 $677.34 $0.00 $310.91 $55,975.96
69 $55,975.96 $677.34 $0.00 $316.50 $56,969.80
70 $56,969.80 $677.34 $0.00 $322.12 $57,969.26
71 $57,969.26 $677.34 $0.00 $327.77 $58,974.37
72 $58,974.37 $677.34 $0.00 $333.45 $59,985.16
73 $59,985.16 $677.34 $0.00 $339.16 $61,001.66
74 $61,001.66 $677.34 $0.00 $344.91 $62,023.91
75 $62,023.91 $677.34 $0.00 $350.69 $63,051.94
76 $63,051.94 $677.34 $0.00 $356.50 $64,085.78
77 $64,085.78 $677.34 $0.00 $362.35 $65,125.47
78 $65,125.47 $677.34 $0.00 $368.23 $66,171.04
79 $66,171.04 $677.34 $0.00 $374.14 $67,222.52
80 $67,222.52 $677.34 $0.00 $380.09 $68,279.95
81 $68,279.95 $677.34 $0.00 $386.06 $69,343.35
82 $69,343.35 $677.34 $0.00 $392.08 $70,412.77
83 $70,412.77 $677.34 $0.00 $398.12 $71,488.23
84 $71,488.23 $677.34 $0.00 $404.20 $72,569.77
85 $72,569.77 $677.34 $0.00 $410.32 $73,657.43
86 $73,657.43 $677.34 $0.00 $416.47 $74,751.24
87 $74,751.24 $677.34 $0.00 $422.65 $75,851.23
88 $75,851.23 $677.34 $0.00 $428.87 $76,957.44
89 $76,957.44 $677.34 $0.00 $435.13 $78,069.91
90 $78,069.91 $677.34 $0.00 $441.42 $79,188.67
91 $79,188.67 $677.34 $0.00 $447.74 $80,313.75
92 $80,313.75 $677.34 $0.00 $454.11 $81,445.20
93 $81,445.20 $677.34 $0.00 $460.50 $82,583.04
94 $82,583.04 $677.34 $0.00 $466.94 $83,727.32
95 $83,727.32 $677.34 $0.00 $473.41 $84,878.07
96 $84,878.07 $677.34 $0.00 $479.91 $86,035.32
97 $86,035.32 $677.34 $0.00 $486.46 $87,199.12
98 $87,199.12 $677.34 $0.00 $493.04 $88,369.50
99 $88,369.50 $677.34 $0.00 $499.65 $89,546.49
100 $89,546.49 $677.34 $0.00 $506.31 $90,730.14
101 $90,730.14 $677.34 $0.00 $513.00 $91,920.48
102 $91,920.48 $677.34 $0.00 $519.73 $93,117.55
103 $93,117.55 $677.34 $0.00 $526.50 $94,321.39
104 $94,321.39 $677.34 $0.00 $533.31 $95,532.04
105 $95,532.04 $677.34 $0.00 $540.15 $96,749.53
106 $96,749.53 $677.34 $0.00 $547.04 $97,973.91
107 $97,973.91 $677.34 $0.00 $553.96 $99,205.21
108 $99,205.21 $677.34 $0.00 $560.92 $100,443.47
109 $100,443.47 $677.34 $0.00 $567.92 $101,688.73
110 $101,688.73 $677.34 $0.00 $574.96 $102,941.03
111 $102,941.03 $677.34 $0.00 $582.04 $104,200.41
112 $104,200.41 $677.34 $0.00 $589.16 $105,466.91
113 $105,466.91 $677.34 $0.00 $596.33 $106,740.58
114 $106,740.58 $677.34 $0.00 $603.53 $108,021.45
115 $108,021.45 $677.34 $0.00 $610.77 $109,309.56
116 $109,309.56 $677.34 $0.00 $618.05 $110,604.95
117 $110,604.95 $677.34 $0.00 $625.38 $111,907.67
118 $111,907.67 $677.34 $0.00 $632.74 $113,217.75
119 $113,217.75 $677.34 $0.00 $640.15 $114,535.24
120 $114,535.24 $677.34 $0.00 $647.60 $115,860.18
121 $115,860.18 $677.34 $0.00 $655.09 $117,192.61
122 $117,192.61 $677.34 $0.00 $662.62 $118,532.57
123 $118,532.57 $677.34 $0.00 $670.20 $119,880.11
124 $119,880.11 $677.34 $0.00 $677.82 $121,235.27
125 $121,235.27 $677.34 $0.00 $685.48 $122,598.09
126 $122,598.09 $677.34 $0.00 $693.19 $123,968.62
127 $123,968.62 $677.34 $0.00 $700.94 $125,346.90
128 $125,346.90 $677.34 $0.00 $708.73 $126,732.97
129 $126,732.97 $677.34 $0.00 $716.57 $128,126.88
130 $128,126.88 $677.34 $0.00 $724.45 $129,528.67
131 $129,528.67 $677.34 $0.00 $732.37 $130,938.38
132 $130,938.38 $677.34 $0.00 $740.34 $132,356.06
133 $132,356.06 $677.34 $0.00 $748.36 $133,781.76
134 $133,781.76 $677.34 $0.00 $756.42 $135,215.52
135 $135,215.52 $677.34 $0.00 $764.53 $136,657.39
136 $136,657.39 $677.34 $0.00 $772.68 $138,107.41
137 $138,107.41 $677.34 $0.00 $780.88 $139,565.63
138 $139,565.63 $677.34 $0.00 $789.12 $141,032.09
139 $141,032.09 $677.34 $0.00 $797.42 $142,506.85
140 $142,506.85 $677.34 $0.00 $805.75 $143,989.94
141 $143,989.94 $677.34 $0.00 $814.14 $145,481.42
142 $145,481.42 $677.34 $0.00 $822.57 $146,981.33
143 $146,981.33 $677.34 $0.00 $831.05 $148,489.72
144 $148,489.72 $677.34 $0.00 $839.58 $150,006.64
145 $150,006.64 $677.34 $0.00 $848.16 $151,532.14
146 $151,532.14 $677.34 $0.00 $856.78 $153,066.26
147 $153,066.26 $677.34 $0.00 $865.46 $154,609.06
148 $154,609.06 $677.34 $0.00 $874.18 $156,160.58
149 $156,160.58 $677.34 $0.00 $882.95 $157,720.87
150 $157,720.87 $677.34 $0.00 $891.78 $159,289.99
151 $159,289.99 $677.34 $0.00 $900.65 $160,867.98
152 $160,867.98 $677.34 $0.00 $909.57 $162,454.89
153 $162,454.89 $677.34 $0.00 $918.54 $164,050.77
154 $164,050.77 $677.34 $0.00 $927.57 $165,655.68
155 $165,655.68 $677.34 $0.00 $936.64 $167,269.66
156 $167,269.66 $677.34 $0.00 $945.77 $168,892.77
157 $168,892.77 $677.34 $0.00 $954.94 $170,525.05
158 $170,525.05 $677.34 $0.00 $964.17 $172,166.56
159 $172,166.56 $677.34 $0.00 $973.45 $173,817.35
160 $173,817.35 $677.34 $0.00 $982.79 $175,477.48
161 $175,477.48 $677.34 $0.00 $992.18 $177,147.00
162 $177,147.00 $677.34 $0.00 $1,001.61 $178,825.95
163 $178,825.95 $677.34 $0.00 $1,011.11 $180,514.40
164 $180,514.40 $677.34 $0.00 $1,020.65 $182,212.39
165 $182,212.39 $677.34 $0.00 $1,030.26 $183,919.99
166 $183,919.99 $677.34 $0.00 $1,039.91 $185,637.24
167 $185,637.24 $677.34 $0.00 $1,049.62 $187,364.20
168 $187,364.20 $677.34 $0.00 $1,059.38 $189,100.92
169 $189,100.92 $677.34 $0.00 $1,069.20 $190,847.46
170 $190,847.46 $677.34 $0.00 $1,079.08 $192,603.88
171 $192,603.88 $677.34 $0.00 $1,089.01 $194,370.23
172 $194,370.23 $677.34 $0.00 $1,099.00 $196,146.57
173 $196,146.57 $677.34 $0.00 $1,109.04 $197,932.95
174 $197,932.95 $677.34 $0.00 $1,119.14 $199,729.43
175 $199,729.43 $677.34 $0.00 $1,129.30 $201,536.07
176 $201,536.07 $677.34 $0.00 $1,139.51 $203,352.92
177 $203,352.92 $677.34 $0.00 $1,149.79 $205,180.05
178 $205,180.05 $677.34 $0.00 $1,160.12 $207,017.51
179 $207,017.51 $677.34 $0.00 $1,170.51 $208,865.36
180 $208,865.36 $677.34 $0.00 $1,180.96 $210,723.66
181 $210,723.66 $677.34 $0.00 $1,191.46 $212,592.46
182 $212,592.46 $677.34 $0.00 $1,202.03 $214,471.83
183 $214,471.83 $677.34 $0.00 $1,212.65 $216,361.82
184 $216,361.82 $677.34 $0.00 $1,223.34 $218,262.50
185 $218,262.50 $677.34 $0.00 $1,234.09 $220,173.93
186 $220,173.93 $677.34 $0.00 $1,244.90 $222,096.17
187 $222,096.17 $677.34 $0.00 $1,255.76 $224,029.27
188 $224,029.27 $677.34 $0.00 $1,266.69 $225,973.30
189 $225,973.30 $677.34 $0.00 $1,277.69 $227,928.33
190 $227,928.33 $677.34 $0.00 $1,288.74 $229,894.41
191 $229,894.41 $677.34 $0.00 $1,299.86 $231,871.61
192 $231,871.61 $677.34 $0.00 $1,311.04 $233,859.99
193 $233,859.99 $677.34 $0.00 $1,322.28 $235,859.61
194 $235,859.61 $677.34 $0.00 $1,333.58 $237,870.53
195 $237,870.53 $677.34 $0.00 $1,344.95 $239,892.82
196 $239,892.82 $677.34 $0.00 $1,356.39 $241,926.55
197 $241,926.55 $677.34 $0.00 $1,367.89 $243,971.78
198 $243,971.78 $677.34 $0.00 $1,379.45 $246,028.57
199 $246,028.57 $677.34 $0.00 $1,391.08 $248,096.99
200 $248,096.99 $677.34 $0.00 $1,402.78 $250,177.11
201 $250,177.11 $677.34 $0.00 $1,414.54 $252,268.99
202 $252,268.99 $677.34 $0.00 $1,426.37 $254,372.70
203 $254,372.70 $677.34 $0.00 $1,438.26 $256,488.30
204 $256,488.30 $677.34 $0.00 $1,450.22 $258,615.86
205 $258,615.86 $677.34 $0.00 $1,462.25 $260,755.45
206 $260,755.45 $677.34 $0.00 $1,474.35 $262,907.14
207 $262,907.14 $677.34 $0.00 $1,486.52 $265,071.00
208 $265,071.00 $677.34 $0.00 $1,498.75 $267,247.09
209 $267,247.09 $677.34 $0.00 $1,511.05 $269,435.48
210 $269,435.48 $677.34 $0.00 $1,523.43 $271,636.25
211 $271,636.25 $677.34 $0.00 $1,535.87 $273,849.46
212 $273,849.46 $677.34 $0.00 $1,548.38 $276,075.18
213 $276,075.18 $677.34 $0.00 $1,560.97 $278,313.49
214 $278,313.49 $677.34 $0.00 $1,573.62 $280,564.45
215 $280,564.45 $677.34 $0.00 $1,586.35 $282,828.14
216 $282,828.14 $677.34 $0.00 $1,599.15 $285,104.63
217 $285,104.63 $677.34 $79,411.21 $1,612.02 $207,982.78
218 $207,982.78 $677.34 $0.00 $1,175.96 $209,836.08
219 $209,836.08 $677.34 $0.00 $1,186.44 $211,699.86
220 $211,699.86 $677.34 $0.00 $1,196.98 $213,574.18
221 $213,574.18 $677.34 $0.00 $1,207.58 $215,459.10
222 $215,459.10 $677.34 $0.00 $1,218.24 $217,354.68
223 $217,354.68 $677.34 $0.00 $1,228.95 $219,260.97
224 $219,260.97 $677.34 $0.00 $1,239.73 $221,178.04
225 $221,178.04 $677.34 $0.00 $1,250.57 $223,105.95
226 $223,105.95 $677.34 $0.00 $1,261.47 $225,044.76
227 $225,044.76 $677.34 $0.00 $1,272.44 $226,994.54
228 $226,994.54 $677.34 $0.00 $1,283.46 $228,955.34
229 $228,955.34 $677.34 $83,381.78 $1,294.55 $147,545.45
230 $147,545.45 $677.34 $0.00 $834.24 $149,057.03
231 $149,057.03 $677.34 $0.00 $842.79 $150,577.16
232 $150,577.16 $677.34 $0.00 $851.39 $152,105.89
233 $152,105.89 $677.34 $0.00 $860.03 $153,643.26
234 $153,643.26 $677.34 $0.00 $868.72 $155,189.32
235 $155,189.32 $677.34 $0.00 $877.46 $156,744.12
236 $156,744.12 $677.34 $0.00 $886.25 $158,307.71
237 $158,307.71 $677.34 $0.00 $895.09 $159,880.14
238 $159,880.14 $677.34 $0.00 $903.99 $161,461.47
239 $161,461.47 $677.34 $0.00 $912.93 $163,051.74
240 $163,051.74 $677.34 $0.00 $921.92 $164,651.00
241 $164,651.00 $677.34 $87,550.86 $930.96 $78,708.44
242 $78,708.44 $677.34 $0.00 $445.03 $79,830.81
243 $79,830.81 $677.34 $0.00 $451.38 $80,959.53
244 $80,959.53 $677.34 $0.00 $457.76 $82,094.63
245 $82,094.63 $677.34 $0.00 $464.17 $83,236.14
246 $83,236.14 $677.34 $0.00 $470.63 $84,384.11
247 $84,384.11 $677.34 $0.00 $477.12 $85,538.57
248 $85,538.57 $677.34 $0.00 $483.65 $86,699.56
249 $86,699.56 $677.34 $0.00 $490.21 $87,867.11
250 $87,867.11 $677.34 $0.00 $496.81 $89,041.26
251 $89,041.26 $677.34 $0.00 $503.45 $90,222.05
252 $90,222.05 $677.34 $0.00 $510.13 $91,409.52
253 $91,409.52 $0.00 $91,928.41 $516.84 ($2.05)