Savings Plan and Future Cost Estimation for Virginia State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$61,389
Monthly savings required$486

How much will it cost to send your child to Virginia State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $245,556.00 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $485.94 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$23,673.00
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 $485.94 $0.00 $0.00 $485.94
2 $485.94 $485.94 $0.00 $2.75 $974.63
3 $974.63 $485.94 $0.00 $5.51 $1,466.08
4 $1,466.08 $485.94 $0.00 $8.29 $1,960.31
5 $1,960.31 $485.94 $0.00 $11.08 $2,457.33
6 $2,457.33 $485.94 $0.00 $13.89 $2,957.16
7 $2,957.16 $485.94 $0.00 $16.72 $3,459.82
8 $3,459.82 $485.94 $0.00 $19.56 $3,965.32
9 $3,965.32 $485.94 $0.00 $22.42 $4,473.68
10 $4,473.68 $485.94 $0.00 $25.29 $4,984.91
11 $4,984.91 $485.94 $0.00 $28.19 $5,499.04
12 $5,499.04 $485.94 $0.00 $31.09 $6,016.07
13 $6,016.07 $485.94 $0.00 $34.02 $6,536.03
14 $6,536.03 $485.94 $0.00 $36.96 $7,058.93
15 $7,058.93 $485.94 $0.00 $39.91 $7,584.78
16 $7,584.78 $485.94 $0.00 $42.89 $8,113.61
17 $8,113.61 $485.94 $0.00 $45.88 $8,645.43
18 $8,645.43 $485.94 $0.00 $48.88 $9,180.25
19 $9,180.25 $485.94 $0.00 $51.91 $9,718.10
20 $9,718.10 $485.94 $0.00 $54.95 $10,258.99
21 $10,258.99 $485.94 $0.00 $58.01 $10,802.94
22 $10,802.94 $485.94 $0.00 $61.08 $11,349.96
23 $11,349.96 $485.94 $0.00 $64.17 $11,900.07
24 $11,900.07 $485.94 $0.00 $67.28 $12,453.29
25 $12,453.29 $485.94 $0.00 $70.41 $13,009.64
26 $13,009.64 $485.94 $0.00 $73.56 $13,569.14
27 $13,569.14 $485.94 $0.00 $76.72 $14,131.80
28 $14,131.80 $485.94 $0.00 $79.90 $14,697.64
29 $14,697.64 $485.94 $0.00 $83.10 $15,266.68
30 $15,266.68 $485.94 $0.00 $86.32 $15,838.94
31 $15,838.94 $485.94 $0.00 $89.56 $16,414.44
32 $16,414.44 $485.94 $0.00 $92.81 $16,993.19
33 $16,993.19 $485.94 $0.00 $96.08 $17,575.21
34 $17,575.21 $485.94 $0.00 $99.37 $18,160.52
35 $18,160.52 $485.94 $0.00 $102.68 $18,749.14
36 $18,749.14 $485.94 $0.00 $106.01 $19,341.09
37 $19,341.09 $485.94 $0.00 $109.36 $19,936.39
38 $19,936.39 $485.94 $0.00 $112.72 $20,535.05
39 $20,535.05 $485.94 $0.00 $116.11 $21,137.10
40 $21,137.10 $485.94 $0.00 $119.51 $21,742.55
41 $21,742.55 $485.94 $0.00 $122.94 $22,351.43
42 $22,351.43 $485.94 $0.00 $126.38 $22,963.75
43 $22,963.75 $485.94 $0.00 $129.84 $23,579.53
44 $23,579.53 $485.94 $0.00 $133.32 $24,198.79
45 $24,198.79 $485.94 $0.00 $136.82 $24,821.55
46 $24,821.55 $485.94 $0.00 $140.34 $25,447.83
47 $25,447.83 $485.94 $0.00 $143.89 $26,077.66
48 $26,077.66 $485.94 $0.00 $147.45 $26,711.05
49 $26,711.05 $485.94 $0.00 $151.03 $27,348.02
50 $27,348.02 $485.94 $0.00 $154.63 $27,988.59
51 $27,988.59 $485.94 $0.00 $158.25 $28,632.78
52 $28,632.78 $485.94 $0.00 $161.89 $29,280.61
53 $29,280.61 $485.94 $0.00 $165.56 $29,932.11
54 $29,932.11 $485.94 $0.00 $169.24 $30,587.29
55 $30,587.29 $485.94 $0.00 $172.94 $31,246.17
56 $31,246.17 $485.94 $0.00 $176.67 $31,908.78
57 $31,908.78 $485.94 $0.00 $180.42 $32,575.14
58 $32,575.14 $485.94 $0.00 $184.18 $33,245.26
59 $33,245.26 $485.94 $0.00 $187.97 $33,919.17
60 $33,919.17 $485.94 $0.00 $191.78 $34,596.89
61 $34,596.89 $485.94 $0.00 $195.62 $35,278.45
62 $35,278.45 $485.94 $0.00 $199.47 $35,963.86
63 $35,963.86 $485.94 $0.00 $203.34 $36,653.14
64 $36,653.14 $485.94 $0.00 $207.24 $37,346.32
65 $37,346.32 $485.94 $0.00 $211.16 $38,043.42
66 $38,043.42 $485.94 $0.00 $215.10 $38,744.46
67 $38,744.46 $485.94 $0.00 $219.07 $39,449.47
68 $39,449.47 $485.94 $0.00 $223.05 $40,158.46
69 $40,158.46 $485.94 $0.00 $227.06 $40,871.46
70 $40,871.46 $485.94 $0.00 $231.09 $41,588.49
71 $41,588.49 $485.94 $0.00 $235.15 $42,309.58
72 $42,309.58 $485.94 $0.00 $239.22 $43,034.74
73 $43,034.74 $485.94 $0.00 $243.32 $43,764.00
74 $43,764.00 $485.94 $0.00 $247.45 $44,497.39
75 $44,497.39 $485.94 $0.00 $251.59 $45,234.92
76 $45,234.92 $485.94 $0.00 $255.76 $45,976.62
77 $45,976.62 $485.94 $0.00 $259.96 $46,722.52
78 $46,722.52 $485.94 $0.00 $264.18 $47,472.64
79 $47,472.64 $485.94 $0.00 $268.42 $48,227.00
80 $48,227.00 $485.94 $0.00 $272.68 $48,985.62
81 $48,985.62 $485.94 $0.00 $276.97 $49,748.53
82 $49,748.53 $485.94 $0.00 $281.29 $50,515.76
83 $50,515.76 $485.94 $0.00 $285.62 $51,287.32
84 $51,287.32 $485.94 $0.00 $289.99 $52,063.25
85 $52,063.25 $485.94 $0.00 $294.37 $52,843.56
86 $52,843.56 $485.94 $0.00 $298.79 $53,628.29
87 $53,628.29 $485.94 $0.00 $303.22 $54,417.45
88 $54,417.45 $485.94 $0.00 $307.68 $55,211.07
89 $55,211.07 $485.94 $0.00 $312.17 $56,009.18
90 $56,009.18 $485.94 $0.00 $316.68 $56,811.80
91 $56,811.80 $485.94 $0.00 $321.22 $57,618.96
92 $57,618.96 $485.94 $0.00 $325.79 $58,430.69
93 $58,430.69 $485.94 $0.00 $330.38 $59,247.01
94 $59,247.01 $485.94 $0.00 $334.99 $60,067.94
95 $60,067.94 $485.94 $0.00 $339.63 $60,893.51
96 $60,893.51 $485.94 $0.00 $344.30 $61,723.75
97 $61,723.75 $485.94 $0.00 $349.00 $62,558.69
98 $62,558.69 $485.94 $0.00 $353.72 $63,398.35
99 $63,398.35 $485.94 $0.00 $358.46 $64,242.75
100 $64,242.75 $485.94 $0.00 $363.24 $65,091.93
101 $65,091.93 $485.94 $0.00 $368.04 $65,945.91
102 $65,945.91 $485.94 $0.00 $372.87 $66,804.72
103 $66,804.72 $485.94 $0.00 $377.72 $67,668.38
104 $67,668.38 $485.94 $0.00 $382.61 $68,536.93
105 $68,536.93 $485.94 $0.00 $387.52 $69,410.39
106 $69,410.39 $485.94 $0.00 $392.46 $70,288.79
107 $70,288.79 $485.94 $0.00 $397.42 $71,172.15
108 $71,172.15 $485.94 $0.00 $402.42 $72,060.51
109 $72,060.51 $485.94 $0.00 $407.44 $72,953.89
110 $72,953.89 $485.94 $0.00 $412.49 $73,852.32
111 $73,852.32 $485.94 $0.00 $417.57 $74,755.83
112 $74,755.83 $485.94 $0.00 $422.68 $75,664.45
113 $75,664.45 $485.94 $0.00 $427.82 $76,578.21
114 $76,578.21 $485.94 $0.00 $432.98 $77,497.13
115 $77,497.13 $485.94 $0.00 $438.18 $78,421.25
116 $78,421.25 $485.94 $0.00 $443.41 $79,350.60
117 $79,350.60 $485.94 $0.00 $448.66 $80,285.20
118 $80,285.20 $485.94 $0.00 $453.94 $81,225.08
119 $81,225.08 $485.94 $0.00 $459.26 $82,170.28
120 $82,170.28 $485.94 $0.00 $464.60 $83,120.82
121 $83,120.82 $485.94 $0.00 $469.98 $84,076.74
122 $84,076.74 $485.94 $0.00 $475.38 $85,038.06
123 $85,038.06 $485.94 $0.00 $480.82 $86,004.82
124 $86,004.82 $485.94 $0.00 $486.28 $86,977.04
125 $86,977.04 $485.94 $0.00 $491.78 $87,954.76
126 $87,954.76 $485.94 $0.00 $497.31 $88,938.01
127 $88,938.01 $485.94 $0.00 $502.87 $89,926.82
128 $89,926.82 $485.94 $0.00 $508.46 $90,921.22
129 $90,921.22 $485.94 $0.00 $514.08 $91,921.24
130 $91,921.24 $485.94 $0.00 $519.74 $92,926.92
131 $92,926.92 $485.94 $0.00 $525.42 $93,938.28
132 $93,938.28 $485.94 $0.00 $531.14 $94,955.36
133 $94,955.36 $485.94 $0.00 $536.89 $95,978.19
134 $95,978.19 $485.94 $0.00 $542.67 $97,006.80
135 $97,006.80 $485.94 $0.00 $548.49 $98,041.23
136 $98,041.23 $485.94 $0.00 $554.34 $99,081.51
137 $99,081.51 $485.94 $0.00 $560.22 $100,127.67
138 $100,127.67 $485.94 $0.00 $566.14 $101,179.75
139 $101,179.75 $485.94 $0.00 $572.09 $102,237.78
140 $102,237.78 $485.94 $0.00 $578.07 $103,301.79
141 $103,301.79 $485.94 $0.00 $584.08 $104,371.81
142 $104,371.81 $485.94 $0.00 $590.13 $105,447.88
143 $105,447.88 $485.94 $0.00 $596.22 $106,530.04
144 $106,530.04 $485.94 $0.00 $602.34 $107,618.32
145 $107,618.32 $485.94 $0.00 $608.49 $108,712.75
146 $108,712.75 $485.94 $0.00 $614.68 $109,813.37
147 $109,813.37 $485.94 $0.00 $620.90 $110,920.21
148 $110,920.21 $485.94 $0.00 $627.16 $112,033.31
149 $112,033.31 $485.94 $0.00 $633.45 $113,152.70
150 $113,152.70 $485.94 $0.00 $639.78 $114,278.42
151 $114,278.42 $485.94 $0.00 $646.15 $115,410.51
152 $115,410.51 $485.94 $0.00 $652.55 $116,549.00
153 $116,549.00 $485.94 $0.00 $658.98 $117,693.92
154 $117,693.92 $485.94 $0.00 $665.46 $118,845.32
155 $118,845.32 $485.94 $0.00 $671.97 $120,003.23
156 $120,003.23 $485.94 $0.00 $678.52 $121,167.69
157 $121,167.69 $485.94 $0.00 $685.10 $122,338.73
158 $122,338.73 $485.94 $0.00 $691.72 $123,516.39
159 $123,516.39 $485.94 $0.00 $698.38 $124,700.71
160 $124,700.71 $485.94 $0.00 $705.08 $125,891.73
161 $125,891.73 $485.94 $0.00 $711.81 $127,089.48
162 $127,089.48 $485.94 $0.00 $718.58 $128,294.00
163 $128,294.00 $485.94 $0.00 $725.39 $129,505.33
164 $129,505.33 $485.94 $0.00 $732.24 $130,723.51
165 $130,723.51 $485.94 $0.00 $739.13 $131,948.58
166 $131,948.58 $485.94 $0.00 $746.06 $133,180.58
167 $133,180.58 $485.94 $0.00 $753.02 $134,419.54
168 $134,419.54 $485.94 $0.00 $760.03 $135,665.51
169 $135,665.51 $485.94 $0.00 $767.07 $136,918.52
170 $136,918.52 $485.94 $0.00 $774.16 $138,178.62
171 $138,178.62 $485.94 $0.00 $781.28 $139,445.84
172 $139,445.84 $485.94 $0.00 $788.45 $140,720.23
173 $140,720.23 $485.94 $0.00 $795.65 $142,001.82
174 $142,001.82 $485.94 $0.00 $802.90 $143,290.66
175 $143,290.66 $485.94 $0.00 $810.19 $144,586.79
176 $144,586.79 $485.94 $0.00 $817.51 $145,890.24
177 $145,890.24 $485.94 $0.00 $824.88 $147,201.06
178 $147,201.06 $485.94 $0.00 $832.30 $148,519.30
179 $148,519.30 $485.94 $0.00 $839.75 $149,844.99
180 $149,844.99 $485.94 $0.00 $847.25 $151,178.18
181 $151,178.18 $485.94 $0.00 $854.78 $152,518.90
182 $152,518.90 $485.94 $0.00 $862.36 $153,867.20
183 $153,867.20 $485.94 $0.00 $869.99 $155,223.13
184 $155,223.13 $485.94 $0.00 $877.65 $156,586.72
185 $156,586.72 $485.94 $0.00 $885.36 $157,958.02
186 $157,958.02 $485.94 $0.00 $893.12 $159,337.08
187 $159,337.08 $485.94 $0.00 $900.92 $160,723.94
188 $160,723.94 $485.94 $0.00 $908.76 $162,118.64
189 $162,118.64 $485.94 $0.00 $916.64 $163,521.22
190 $163,521.22 $485.94 $0.00 $924.57 $164,931.73
191 $164,931.73 $485.94 $0.00 $932.55 $166,350.22
192 $166,350.22 $485.94 $0.00 $940.57 $167,776.73
193 $167,776.73 $485.94 $0.00 $948.63 $169,211.30
194 $169,211.30 $485.94 $0.00 $956.75 $170,653.99
195 $170,653.99 $485.94 $0.00 $964.90 $172,104.83
196 $172,104.83 $485.94 $0.00 $973.11 $173,563.88
197 $173,563.88 $485.94 $0.00 $981.36 $175,031.18
198 $175,031.18 $485.94 $0.00 $989.65 $176,506.77
199 $176,506.77 $485.94 $0.00 $997.99 $177,990.70
200 $177,990.70 $485.94 $0.00 $1,006.39 $179,483.03
201 $179,483.03 $485.94 $0.00 $1,014.82 $180,983.79
202 $180,983.79 $485.94 $0.00 $1,023.31 $182,493.04
203 $182,493.04 $485.94 $0.00 $1,031.84 $184,010.82
204 $184,010.82 $485.94 $0.00 $1,040.42 $185,537.18
205 $185,537.18 $485.94 $0.00 $1,049.05 $187,072.17
206 $187,072.17 $485.94 $0.00 $1,057.73 $188,615.84
207 $188,615.84 $485.94 $0.00 $1,066.46 $190,168.24
208 $190,168.24 $485.94 $0.00 $1,075.24 $191,729.42
209 $191,729.42 $485.94 $0.00 $1,084.07 $193,299.43
210 $193,299.43 $485.94 $0.00 $1,092.94 $194,878.31
211 $194,878.31 $485.94 $0.00 $1,101.87 $196,466.12
212 $196,466.12 $485.94 $0.00 $1,110.85 $198,062.91
213 $198,062.91 $485.94 $0.00 $1,119.88 $199,668.73
214 $199,668.73 $485.94 $0.00 $1,128.96 $201,283.63
215 $201,283.63 $485.94 $0.00 $1,138.09 $202,907.66
216 $202,907.66 $485.94 $0.00 $1,147.27 $204,540.87
217 $204,540.87 $485.94 $56,971.90 $1,156.50 $149,211.41
218 $149,211.41 $485.94 $0.00 $843.66 $150,541.01
219 $150,541.01 $485.94 $0.00 $851.18 $151,878.13
220 $151,878.13 $485.94 $0.00 $858.74 $153,222.81
221 $153,222.81 $485.94 $0.00 $866.34 $154,575.09
222 $154,575.09 $485.94 $0.00 $873.99 $155,935.02
223 $155,935.02 $485.94 $0.00 $881.68 $157,302.64
224 $157,302.64 $485.94 $0.00 $889.41 $158,677.99
225 $158,677.99 $485.94 $0.00 $897.19 $160,061.12
226 $160,061.12 $485.94 $0.00 $905.01 $161,452.07
227 $161,452.07 $485.94 $0.00 $912.87 $162,850.88
228 $162,850.88 $485.94 $0.00 $920.78 $164,257.60
229 $164,257.60 $485.94 $59,820.49 $928.74 $105,851.79
230 $105,851.79 $485.94 $0.00 $598.50 $106,936.23
231 $106,936.23 $485.94 $0.00 $604.63 $108,026.80
232 $108,026.80 $485.94 $0.00 $610.80 $109,123.54
233 $109,123.54 $485.94 $0.00 $617.00 $110,226.48
234 $110,226.48 $485.94 $0.00 $623.24 $111,335.66
235 $111,335.66 $485.94 $0.00 $629.51 $112,451.11
236 $112,451.11 $485.94 $0.00 $635.81 $113,572.86
237 $113,572.86 $485.94 $0.00 $642.16 $114,700.96
238 $114,700.96 $485.94 $0.00 $648.54 $115,835.44
239 $115,835.44 $485.94 $0.00 $654.95 $116,976.33
240 $116,976.33 $485.94 $0.00 $661.40 $118,123.67
241 $118,123.67 $485.94 $62,811.52 $667.89 $56,465.98
242 $56,465.98 $485.94 $0.00 $319.27 $57,271.19
243 $57,271.19 $485.94 $0.00 $323.82 $58,080.95
244 $58,080.95 $485.94 $0.00 $328.40 $58,895.29
245 $58,895.29 $485.94 $0.00 $333.00 $59,714.23
246 $59,714.23 $485.94 $0.00 $337.63 $60,537.80
247 $60,537.80 $485.94 $0.00 $342.29 $61,366.03
248 $61,366.03 $485.94 $0.00 $346.97 $62,198.94
249 $62,198.94 $485.94 $0.00 $351.68 $63,036.56
250 $63,036.56 $485.94 $0.00 $356.42 $63,878.92
251 $63,878.92 $485.94 $0.00 $361.18 $64,726.04
252 $64,726.04 $485.94 $0.00 $365.97 $65,577.95
253 $65,577.95 $0.00 $65,952.09 $370.79 ($3.35)