Quantcast

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2038$81,670
Monthly savings required$646

How much will it cost to send your child to Virginia Military Institute in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $326,681.90 for students enrolling in 2038 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $646.50 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$31,494.00
Years until enrollment18
Annual Tuition Increase5%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

Update Your Savings Plan

Discover how much will you need to start saving now to afford Virginia Military Institute in the future.

Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $646.50 $0.00 $0.00 $646.50
2 $646.50 $646.50 $0.00 $3.66 $1,296.66
3 $1,296.66 $646.50 $0.00 $7.33 $1,950.49
4 $1,950.49 $646.50 $0.00 $11.03 $2,608.02
5 $2,608.02 $646.50 $0.00 $14.75 $3,269.27
6 $3,269.27 $646.50 $0.00 $18.48 $3,934.25
7 $3,934.25 $646.50 $0.00 $22.24 $4,602.99
8 $4,602.99 $646.50 $0.00 $26.03 $5,275.52
9 $5,275.52 $646.50 $0.00 $29.83 $5,951.85
10 $5,951.85 $646.50 $0.00 $33.65 $6,632.00
11 $6,632.00 $646.50 $0.00 $37.50 $7,316.00
12 $7,316.00 $646.50 $0.00 $41.37 $8,003.87
13 $8,003.87 $646.50 $0.00 $45.26 $8,695.63
14 $8,695.63 $646.50 $0.00 $49.17 $9,391.30
15 $9,391.30 $646.50 $0.00 $53.10 $10,090.90
16 $10,090.90 $646.50 $0.00 $57.06 $10,794.46
17 $10,794.46 $646.50 $0.00 $61.03 $11,501.99
18 $11,501.99 $646.50 $0.00 $65.03 $12,213.52
19 $12,213.52 $646.50 $0.00 $69.06 $12,929.08
20 $12,929.08 $646.50 $0.00 $73.10 $13,648.68
21 $13,648.68 $646.50 $0.00 $77.17 $14,372.35
22 $14,372.35 $646.50 $0.00 $81.26 $15,100.11
23 $15,100.11 $646.50 $0.00 $85.38 $15,831.99
24 $15,831.99 $646.50 $0.00 $89.52 $16,568.01
25 $16,568.01 $646.50 $0.00 $93.68 $17,308.19
26 $17,308.19 $646.50 $0.00 $97.86 $18,052.55
27 $18,052.55 $646.50 $0.00 $102.07 $18,801.12
28 $18,801.12 $646.50 $0.00 $106.30 $19,553.92
29 $19,553.92 $646.50 $0.00 $110.56 $20,310.98
30 $20,310.98 $646.50 $0.00 $114.84 $21,072.32
31 $21,072.32 $646.50 $0.00 $119.15 $21,837.97
32 $21,837.97 $646.50 $0.00 $123.48 $22,607.95
33 $22,607.95 $646.50 $0.00 $127.83 $23,382.28
34 $23,382.28 $646.50 $0.00 $132.21 $24,160.99
35 $24,160.99 $646.50 $0.00 $136.61 $24,944.10
36 $24,944.10 $646.50 $0.00 $141.04 $25,731.64
37 $25,731.64 $646.50 $0.00 $145.49 $26,523.63
38 $26,523.63 $646.50 $0.00 $149.97 $27,320.10
39 $27,320.10 $646.50 $0.00 $154.47 $28,121.07
40 $28,121.07 $646.50 $0.00 $159.00 $28,926.57
41 $28,926.57 $646.50 $0.00 $163.56 $29,736.63
42 $29,736.63 $646.50 $0.00 $168.14 $30,551.27
43 $30,551.27 $646.50 $0.00 $172.74 $31,370.51
44 $31,370.51 $646.50 $0.00 $177.37 $32,194.38
45 $32,194.38 $646.50 $0.00 $182.03 $33,022.91
46 $33,022.91 $646.50 $0.00 $186.72 $33,856.13
47 $33,856.13 $646.50 $0.00 $191.43 $34,694.06
48 $34,694.06 $646.50 $0.00 $196.17 $35,536.73
49 $35,536.73 $646.50 $0.00 $200.93 $36,384.16
50 $36,384.16 $646.50 $0.00 $205.72 $37,236.38
51 $37,236.38 $646.50 $0.00 $210.54 $38,093.42
52 $38,093.42 $646.50 $0.00 $215.39 $38,955.31
53 $38,955.31 $646.50 $0.00 $220.26 $39,822.07
54 $39,822.07 $646.50 $0.00 $225.16 $40,693.73
55 $40,693.73 $646.50 $0.00 $230.09 $41,570.32
56 $41,570.32 $646.50 $0.00 $235.04 $42,451.86
57 $42,451.86 $646.50 $0.00 $240.03 $43,338.39
58 $43,338.39 $646.50 $0.00 $245.04 $44,229.93
59 $44,229.93 $646.50 $0.00 $250.08 $45,126.51
60 $45,126.51 $646.50 $0.00 $255.15 $46,028.16
61 $46,028.16 $646.50 $0.00 $260.25 $46,934.91
62 $46,934.91 $646.50 $0.00 $265.38 $47,846.79
63 $47,846.79 $646.50 $0.00 $270.53 $48,763.82
64 $48,763.82 $646.50 $0.00 $275.72 $49,686.04
65 $49,686.04 $646.50 $0.00 $280.93 $50,613.47
66 $50,613.47 $646.50 $0.00 $286.18 $51,546.15
67 $51,546.15 $646.50 $0.00 $291.45 $52,484.10
68 $52,484.10 $646.50 $0.00 $296.75 $53,427.35
69 $53,427.35 $646.50 $0.00 $302.09 $54,375.94
70 $54,375.94 $646.50 $0.00 $307.45 $55,329.89
71 $55,329.89 $646.50 $0.00 $312.84 $56,289.23
72 $56,289.23 $646.50 $0.00 $318.27 $57,254.00
73 $57,254.00 $646.50 $0.00 $323.72 $58,224.22
74 $58,224.22 $646.50 $0.00 $329.21 $59,199.93
75 $59,199.93 $646.50 $0.00 $334.73 $60,181.16
76 $60,181.16 $646.50 $0.00 $340.27 $61,167.93
77 $61,167.93 $646.50 $0.00 $345.85 $62,160.28
78 $62,160.28 $646.50 $0.00 $351.46 $63,158.24
79 $63,158.24 $646.50 $0.00 $357.11 $64,161.85
80 $64,161.85 $646.50 $0.00 $362.78 $65,171.13
81 $65,171.13 $646.50 $0.00 $368.49 $66,186.12
82 $66,186.12 $646.50 $0.00 $374.23 $67,206.85
83 $67,206.85 $646.50 $0.00 $380.00 $68,233.35
84 $68,233.35 $646.50 $0.00 $385.80 $69,265.65
85 $69,265.65 $646.50 $0.00 $391.64 $70,303.79
86 $70,303.79 $646.50 $0.00 $397.51 $71,347.80
87 $71,347.80 $646.50 $0.00 $403.41 $72,397.71
88 $72,397.71 $646.50 $0.00 $409.35 $73,453.56
89 $73,453.56 $646.50 $0.00 $415.32 $74,515.38
90 $74,515.38 $646.50 $0.00 $421.32 $75,583.20
91 $75,583.20 $646.50 $0.00 $427.36 $76,657.06
92 $76,657.06 $646.50 $0.00 $433.43 $77,736.99
93 $77,736.99 $646.50 $0.00 $439.54 $78,823.03
94 $78,823.03 $646.50 $0.00 $445.68 $79,915.21
95 $79,915.21 $646.50 $0.00 $451.85 $81,013.56
96 $81,013.56 $646.50 $0.00 $458.06 $82,118.12
97 $82,118.12 $646.50 $0.00 $464.31 $83,228.93
98 $83,228.93 $646.50 $0.00 $470.59 $84,346.02
99 $84,346.02 $646.50 $0.00 $476.90 $85,469.42
100 $85,469.42 $646.50 $0.00 $483.26 $86,599.18
101 $86,599.18 $646.50 $0.00 $489.64 $87,735.32
102 $87,735.32 $646.50 $0.00 $496.07 $88,877.89
103 $88,877.89 $646.50 $0.00 $502.53 $90,026.92
104 $90,026.92 $646.50 $0.00 $509.03 $91,182.45
105 $91,182.45 $646.50 $0.00 $515.56 $92,344.51
106 $92,344.51 $646.50 $0.00 $522.13 $93,513.14
107 $93,513.14 $646.50 $0.00 $528.74 $94,688.38
108 $94,688.38 $646.50 $0.00 $535.38 $95,870.26
109 $95,870.26 $646.50 $0.00 $542.06 $97,058.82
110 $97,058.82 $646.50 $0.00 $548.78 $98,254.10
111 $98,254.10 $646.50 $0.00 $555.54 $99,456.14
112 $99,456.14 $646.50 $0.00 $562.34 $100,664.98
113 $100,664.98 $646.50 $0.00 $569.17 $101,880.65
114 $101,880.65 $646.50 $0.00 $576.05 $103,103.20
115 $103,103.20 $646.50 $0.00 $582.96 $104,332.66
116 $104,332.66 $646.50 $0.00 $589.91 $105,569.07
117 $105,569.07 $646.50 $0.00 $596.90 $106,812.47
118 $106,812.47 $646.50 $0.00 $603.93 $108,062.90
119 $108,062.90 $646.50 $0.00 $611.00 $109,320.40
120 $109,320.40 $646.50 $0.00 $618.11 $110,585.01
121 $110,585.01 $646.50 $0.00 $625.26 $111,856.77
122 $111,856.77 $646.50 $0.00 $632.45 $113,135.72
123 $113,135.72 $646.50 $0.00 $639.69 $114,421.91
124 $114,421.91 $646.50 $0.00 $646.96 $115,715.37
125 $115,715.37 $646.50 $0.00 $654.27 $117,016.14
126 $117,016.14 $646.50 $0.00 $661.63 $118,324.27
127 $118,324.27 $646.50 $0.00 $669.02 $119,639.79
128 $119,639.79 $646.50 $0.00 $676.46 $120,962.75
129 $120,962.75 $646.50 $0.00 $683.94 $122,293.19
130 $122,293.19 $646.50 $0.00 $691.46 $123,631.15
131 $123,631.15 $646.50 $0.00 $699.03 $124,976.68
132 $124,976.68 $646.50 $0.00 $706.64 $126,329.82
133 $126,329.82 $646.50 $0.00 $714.29 $127,690.61
134 $127,690.61 $646.50 $0.00 $721.98 $129,059.09
135 $129,059.09 $646.50 $0.00 $729.72 $130,435.31
136 $130,435.31 $646.50 $0.00 $737.50 $131,819.31
137 $131,819.31 $646.50 $0.00 $745.33 $133,211.14
138 $133,211.14 $646.50 $0.00 $753.20 $134,610.84
139 $134,610.84 $646.50 $0.00 $761.11 $136,018.45
140 $136,018.45 $646.50 $0.00 $769.07 $137,434.02
141 $137,434.02 $646.50 $0.00 $777.07 $138,857.59
142 $138,857.59 $646.50 $0.00 $785.12 $140,289.21
143 $140,289.21 $646.50 $0.00 $793.22 $141,728.93
144 $141,728.93 $646.50 $0.00 $801.36 $143,176.79
145 $143,176.79 $646.50 $0.00 $809.54 $144,632.83
146 $144,632.83 $646.50 $0.00 $817.78 $146,097.11
147 $146,097.11 $646.50 $0.00 $826.05 $147,569.66
148 $147,569.66 $646.50 $0.00 $834.38 $149,050.54
149 $149,050.54 $646.50 $0.00 $842.75 $150,539.79
150 $150,539.79 $646.50 $0.00 $851.17 $152,037.46
151 $152,037.46 $646.50 $0.00 $859.64 $153,543.60
152 $153,543.60 $646.50 $0.00 $868.16 $155,058.26
153 $155,058.26 $646.50 $0.00 $876.72 $156,581.48
154 $156,581.48 $646.50 $0.00 $885.33 $158,113.31
155 $158,113.31 $646.50 $0.00 $894.00 $159,653.81
156 $159,653.81 $646.50 $0.00 $902.71 $161,203.02
157 $161,203.02 $646.50 $0.00 $911.47 $162,760.99
158 $162,760.99 $646.50 $0.00 $920.27 $164,327.76
159 $164,327.76 $646.50 $0.00 $929.13 $165,903.39
160 $165,903.39 $646.50 $0.00 $938.04 $167,487.93
161 $167,487.93 $646.50 $0.00 $947.00 $169,081.43
162 $169,081.43 $646.50 $0.00 $956.01 $170,683.94
163 $170,683.94 $646.50 $0.00 $965.07 $172,295.51
164 $172,295.51 $646.50 $0.00 $974.18 $173,916.19
165 $173,916.19 $646.50 $0.00 $983.35 $175,546.04
166 $175,546.04 $646.50 $0.00 $992.56 $177,185.10
167 $177,185.10 $646.50 $0.00 $1,001.83 $178,833.43
168 $178,833.43 $646.50 $0.00 $1,011.15 $180,491.08
169 $180,491.08 $646.50 $0.00 $1,020.52 $182,158.10
170 $182,158.10 $646.50 $0.00 $1,029.95 $183,834.55
171 $183,834.55 $646.50 $0.00 $1,039.43 $185,520.48
172 $185,520.48 $646.50 $0.00 $1,048.96 $187,215.94
173 $187,215.94 $646.50 $0.00 $1,058.55 $188,920.99
174 $188,920.99 $646.50 $0.00 $1,068.19 $190,635.68
175 $190,635.68 $646.50 $0.00 $1,077.88 $192,360.06
176 $192,360.06 $646.50 $0.00 $1,087.63 $194,094.19
177 $194,094.19 $646.50 $0.00 $1,097.44 $195,838.13
178 $195,838.13 $646.50 $0.00 $1,107.30 $197,591.93
179 $197,591.93 $646.50 $0.00 $1,117.21 $199,355.64
180 $199,355.64 $646.50 $0.00 $1,127.19 $201,129.33
181 $201,129.33 $646.50 $0.00 $1,137.21 $202,913.04
182 $202,913.04 $646.50 $0.00 $1,147.30 $204,706.84
183 $204,706.84 $646.50 $0.00 $1,157.44 $206,510.78
184 $206,510.78 $646.50 $0.00 $1,167.64 $208,324.92
185 $208,324.92 $646.50 $0.00 $1,177.90 $210,149.32
186 $210,149.32 $646.50 $0.00 $1,188.21 $211,984.03
187 $211,984.03 $646.50 $0.00 $1,198.59 $213,829.12
188 $213,829.12 $646.50 $0.00 $1,209.02 $215,684.64
189 $215,684.64 $646.50 $0.00 $1,219.51 $217,550.65
190 $217,550.65 $646.50 $0.00 $1,230.06 $219,427.21
191 $219,427.21 $646.50 $0.00 $1,240.67 $221,314.38
192 $221,314.38 $646.50 $0.00 $1,251.34 $223,212.22
193 $223,212.22 $646.50 $0.00 $1,262.07 $225,120.79
194 $225,120.79 $646.50 $0.00 $1,272.87 $227,040.16
195 $227,040.16 $646.50 $0.00 $1,283.72 $228,970.38
196 $228,970.38 $646.50 $0.00 $1,294.63 $230,911.51
197 $230,911.51 $646.50 $0.00 $1,305.61 $232,863.62
198 $232,863.62 $646.50 $0.00 $1,316.64 $234,826.76
199 $234,826.76 $646.50 $0.00 $1,327.74 $236,801.00
200 $236,801.00 $646.50 $0.00 $1,338.91 $238,786.41
201 $238,786.41 $646.50 $0.00 $1,350.13 $240,783.04
202 $240,783.04 $646.50 $0.00 $1,361.42 $242,790.96
203 $242,790.96 $646.50 $0.00 $1,372.78 $244,810.24
204 $244,810.24 $646.50 $0.00 $1,384.19 $246,840.93
205 $246,840.93 $646.50 $0.00 $1,395.67 $248,883.10
206 $248,883.10 $646.50 $0.00 $1,407.22 $250,936.82
207 $250,936.82 $646.50 $0.00 $1,418.83 $253,002.15
208 $253,002.15 $646.50 $0.00 $1,430.51 $255,079.16
209 $255,079.16 $646.50 $0.00 $1,442.25 $257,167.91
210 $257,167.91 $646.50 $0.00 $1,454.06 $259,268.47
211 $259,268.47 $646.50 $0.00 $1,465.94 $261,380.91
212 $261,380.91 $646.50 $0.00 $1,477.89 $263,505.30
213 $263,505.30 $646.50 $0.00 $1,489.90 $265,641.70
214 $265,641.70 $646.50 $0.00 $1,501.98 $267,790.18
215 $267,790.18 $646.50 $0.00 $1,514.12 $269,950.80
216 $269,950.80 $646.50 $0.00 $1,526.34 $272,123.64
217 $272,123.64 $646.50 $75,794.07 $1,538.63 $198,514.70
218 $198,514.70 $646.50 $0.00 $1,122.43 $200,283.63
219 $200,283.63 $646.50 $0.00 $1,132.43 $202,062.56
220 $202,062.56 $646.50 $0.00 $1,142.49 $203,851.55
221 $203,851.55 $646.50 $0.00 $1,152.61 $205,650.66
222 $205,650.66 $646.50 $0.00 $1,162.78 $207,459.94
223 $207,459.94 $646.50 $0.00 $1,173.01 $209,279.45
224 $209,279.45 $646.50 $0.00 $1,183.30 $211,109.25
225 $211,109.25 $646.50 $0.00 $1,193.64 $212,949.39
226 $212,949.39 $646.50 $0.00 $1,204.05 $214,799.94
227 $214,799.94 $646.50 $0.00 $1,214.51 $216,660.95
228 $216,660.95 $646.50 $0.00 $1,225.03 $218,532.48
229 $218,532.48 $646.50 $79,583.77 $1,235.61 $140,830.82
230 $140,830.82 $646.50 $0.00 $796.28 $142,273.60
231 $142,273.60 $646.50 $0.00 $804.44 $143,724.54
232 $143,724.54 $646.50 $0.00 $812.64 $145,183.68
233 $145,183.68 $646.50 $0.00 $820.89 $146,651.07
234 $146,651.07 $646.50 $0.00 $829.19 $148,126.76
235 $148,126.76 $646.50 $0.00 $837.53 $149,610.79
236 $149,610.79 $646.50 $0.00 $845.92 $151,103.21
237 $151,103.21 $646.50 $0.00 $854.36 $152,604.07
238 $152,604.07 $646.50 $0.00 $862.85 $154,113.42
239 $154,113.42 $646.50 $0.00 $871.38 $155,631.30
240 $155,631.30 $646.50 $0.00 $879.96 $157,157.76
241 $157,157.76 $646.50 $83,562.96 $888.59 $75,129.89
242 $75,129.89 $646.50 $0.00 $424.80 $76,201.19
243 $76,201.19 $646.50 $0.00 $430.85 $77,278.54
244 $77,278.54 $646.50 $0.00 $436.94 $78,361.98
245 $78,361.98 $646.50 $0.00 $443.07 $79,451.55
246 $79,451.55 $646.50 $0.00 $449.23 $80,547.28
247 $80,547.28 $646.50 $0.00 $455.43 $81,649.21
248 $81,649.21 $646.50 $0.00 $461.66 $82,757.37
249 $82,757.37 $646.50 $0.00 $467.92 $83,871.79
250 $83,871.79 $646.50 $0.00 $474.22 $84,992.51
251 $84,992.51 $646.50 $0.00 $480.56 $86,119.57
252 $86,119.57 $646.50 $0.00 $486.93 $87,253.00
253 $87,253.00 $0.00 $87,741.11 $493.34 $5.23