Savings Plan and Future Cost Estimation for Virginia Union University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$77,506
Monthly savings required$614

How much will it cost to send your child to Virginia Union University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $310,023.13 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $613.53 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$29,888.00
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 $613.53 $0.00 $0.00 $613.53
2 $613.53 $613.53 $0.00 $3.47 $1,230.53
3 $1,230.53 $613.53 $0.00 $6.96 $1,851.02
4 $1,851.02 $613.53 $0.00 $10.47 $2,475.02
5 $2,475.02 $613.53 $0.00 $13.99 $3,102.54
6 $3,102.54 $613.53 $0.00 $17.54 $3,733.61
7 $3,733.61 $613.53 $0.00 $21.11 $4,368.25
8 $4,368.25 $613.53 $0.00 $24.70 $5,006.48
9 $5,006.48 $613.53 $0.00 $28.31 $5,648.32
10 $5,648.32 $613.53 $0.00 $31.94 $6,293.79
11 $6,293.79 $613.53 $0.00 $35.59 $6,942.91
12 $6,942.91 $613.53 $0.00 $39.26 $7,595.70
13 $7,595.70 $613.53 $0.00 $42.95 $8,252.18
14 $8,252.18 $613.53 $0.00 $46.66 $8,912.37
15 $8,912.37 $613.53 $0.00 $50.39 $9,576.29
16 $9,576.29 $613.53 $0.00 $54.15 $10,243.97
17 $10,243.97 $613.53 $0.00 $57.92 $10,915.42
18 $10,915.42 $613.53 $0.00 $61.72 $11,590.67
19 $11,590.67 $613.53 $0.00 $65.54 $12,269.74
20 $12,269.74 $613.53 $0.00 $69.37 $12,952.64
21 $12,952.64 $613.53 $0.00 $73.24 $13,639.41
22 $13,639.41 $613.53 $0.00 $77.12 $14,330.06
23 $14,330.06 $613.53 $0.00 $81.02 $15,024.61
24 $15,024.61 $613.53 $0.00 $84.95 $15,723.09
25 $15,723.09 $613.53 $0.00 $88.90 $16,425.52
26 $16,425.52 $613.53 $0.00 $92.87 $17,131.92
27 $17,131.92 $613.53 $0.00 $96.87 $17,842.32
28 $17,842.32 $613.53 $0.00 $100.88 $18,556.73
29 $18,556.73 $613.53 $0.00 $104.92 $19,275.18
30 $19,275.18 $613.53 $0.00 $108.98 $19,997.69
31 $19,997.69 $613.53 $0.00 $113.07 $20,724.29
32 $20,724.29 $613.53 $0.00 $117.18 $21,455.00
33 $21,455.00 $613.53 $0.00 $121.31 $22,189.84
34 $22,189.84 $613.53 $0.00 $125.46 $22,928.83
35 $22,928.83 $613.53 $0.00 $129.64 $23,672.00
36 $23,672.00 $613.53 $0.00 $133.84 $24,419.37
37 $24,419.37 $613.53 $0.00 $138.07 $25,170.97
38 $25,170.97 $613.53 $0.00 $142.32 $25,926.82
39 $25,926.82 $613.53 $0.00 $146.59 $26,686.94
40 $26,686.94 $613.53 $0.00 $150.89 $27,451.36
41 $27,451.36 $613.53 $0.00 $155.21 $28,220.10
42 $28,220.10 $613.53 $0.00 $159.56 $28,993.19
43 $28,993.19 $613.53 $0.00 $163.93 $29,770.65
44 $29,770.65 $613.53 $0.00 $168.33 $30,552.51
45 $30,552.51 $613.53 $0.00 $172.75 $31,338.79
46 $31,338.79 $613.53 $0.00 $177.19 $32,129.51
47 $32,129.51 $613.53 $0.00 $181.66 $32,924.70
48 $32,924.70 $613.53 $0.00 $186.16 $33,724.39
49 $33,724.39 $613.53 $0.00 $190.68 $34,528.60
50 $34,528.60 $613.53 $0.00 $195.23 $35,337.36
51 $35,337.36 $613.53 $0.00 $199.80 $36,150.69
52 $36,150.69 $613.53 $0.00 $204.40 $36,968.62
53 $36,968.62 $613.53 $0.00 $209.03 $37,791.18
54 $37,791.18 $613.53 $0.00 $213.68 $38,618.39
55 $38,618.39 $613.53 $0.00 $218.35 $39,450.27
56 $39,450.27 $613.53 $0.00 $223.06 $40,286.86
57 $40,286.86 $613.53 $0.00 $227.79 $41,128.18
58 $41,128.18 $613.53 $0.00 $232.54 $41,974.25
59 $41,974.25 $613.53 $0.00 $237.33 $42,825.11
60 $42,825.11 $613.53 $0.00 $242.14 $43,680.78
61 $43,680.78 $613.53 $0.00 $246.98 $44,541.29
62 $44,541.29 $613.53 $0.00 $251.84 $45,406.66
63 $45,406.66 $613.53 $0.00 $256.74 $46,276.93
64 $46,276.93 $613.53 $0.00 $261.66 $47,152.12
65 $47,152.12 $613.53 $0.00 $266.60 $48,032.25
66 $48,032.25 $613.53 $0.00 $271.58 $48,917.36
67 $48,917.36 $613.53 $0.00 $276.59 $49,807.48
68 $49,807.48 $613.53 $0.00 $281.62 $50,702.63
69 $50,702.63 $613.53 $0.00 $286.68 $51,602.84
70 $51,602.84 $613.53 $0.00 $291.77 $52,508.14
71 $52,508.14 $613.53 $0.00 $296.89 $53,418.56
72 $53,418.56 $613.53 $0.00 $302.04 $54,334.13
73 $54,334.13 $613.53 $0.00 $307.21 $55,254.87
74 $55,254.87 $613.53 $0.00 $312.42 $56,180.82
75 $56,180.82 $613.53 $0.00 $317.65 $57,112.00
76 $57,112.00 $613.53 $0.00 $322.92 $58,048.45
77 $58,048.45 $613.53 $0.00 $328.21 $58,990.19
78 $58,990.19 $613.53 $0.00 $333.54 $59,937.26
79 $59,937.26 $613.53 $0.00 $338.89 $60,889.68
80 $60,889.68 $613.53 $0.00 $344.28 $61,847.49
81 $61,847.49 $613.53 $0.00 $349.69 $62,810.71
82 $62,810.71 $613.53 $0.00 $355.14 $63,779.38
83 $63,779.38 $613.53 $0.00 $360.62 $64,753.53
84 $64,753.53 $613.53 $0.00 $366.13 $65,733.19
85 $65,733.19 $613.53 $0.00 $371.67 $66,718.39
86 $66,718.39 $613.53 $0.00 $377.24 $67,709.16
87 $67,709.16 $613.53 $0.00 $382.84 $68,705.53
88 $68,705.53 $613.53 $0.00 $388.47 $69,707.53
89 $69,707.53 $613.53 $0.00 $394.14 $70,715.20
90 $70,715.20 $613.53 $0.00 $399.83 $71,728.56
91 $71,728.56 $613.53 $0.00 $405.56 $72,747.65
92 $72,747.65 $613.53 $0.00 $411.33 $73,772.51
93 $73,772.51 $613.53 $0.00 $417.12 $74,803.16
94 $74,803.16 $613.53 $0.00 $422.95 $75,839.64
95 $75,839.64 $613.53 $0.00 $428.81 $76,881.98
96 $76,881.98 $613.53 $0.00 $434.70 $77,930.21
97 $77,930.21 $613.53 $0.00 $440.63 $78,984.37
98 $78,984.37 $613.53 $0.00 $446.59 $80,044.49
99 $80,044.49 $613.53 $0.00 $452.58 $81,110.60
100 $81,110.60 $613.53 $0.00 $458.61 $82,182.74
101 $82,182.74 $613.53 $0.00 $464.67 $83,260.94
102 $83,260.94 $613.53 $0.00 $470.77 $84,345.24
103 $84,345.24 $613.53 $0.00 $476.90 $85,435.67
104 $85,435.67 $613.53 $0.00 $483.07 $86,532.27
105 $86,532.27 $613.53 $0.00 $489.27 $87,635.07
106 $87,635.07 $613.53 $0.00 $495.50 $88,744.10
107 $88,744.10 $613.53 $0.00 $501.77 $89,859.40
108 $89,859.40 $613.53 $0.00 $508.08 $90,981.01
109 $90,981.01 $613.53 $0.00 $514.42 $92,108.96
110 $92,108.96 $613.53 $0.00 $520.80 $93,243.29
111 $93,243.29 $613.53 $0.00 $527.21 $94,384.03
112 $94,384.03 $613.53 $0.00 $533.66 $95,531.22
113 $95,531.22 $613.53 $0.00 $540.15 $96,684.90
114 $96,684.90 $613.53 $0.00 $546.67 $97,845.10
115 $97,845.10 $613.53 $0.00 $553.23 $99,011.86
116 $99,011.86 $613.53 $0.00 $559.83 $100,185.22
117 $100,185.22 $613.53 $0.00 $566.46 $101,365.21
118 $101,365.21 $613.53 $0.00 $573.13 $102,551.87
119 $102,551.87 $613.53 $0.00 $579.84 $103,745.24
120 $103,745.24 $613.53 $0.00 $586.59 $104,945.36
121 $104,945.36 $613.53 $0.00 $593.38 $106,152.27
122 $106,152.27 $613.53 $0.00 $600.20 $107,366.00
123 $107,366.00 $613.53 $0.00 $607.06 $108,586.59
124 $108,586.59 $613.53 $0.00 $613.96 $109,814.08
125 $109,814.08 $613.53 $0.00 $620.90 $111,048.51
126 $111,048.51 $613.53 $0.00 $627.88 $112,289.92
127 $112,289.92 $613.53 $0.00 $634.90 $113,538.35
128 $113,538.35 $613.53 $0.00 $641.96 $114,793.84
129 $114,793.84 $613.53 $0.00 $649.06 $116,056.43
130 $116,056.43 $613.53 $0.00 $656.20 $117,326.16
131 $117,326.16 $613.53 $0.00 $663.38 $118,603.07
132 $118,603.07 $613.53 $0.00 $670.60 $119,887.20
133 $119,887.20 $613.53 $0.00 $677.86 $121,178.59
134 $121,178.59 $613.53 $0.00 $685.16 $122,477.28
135 $122,477.28 $613.53 $0.00 $692.50 $123,783.31
136 $123,783.31 $613.53 $0.00 $699.89 $125,096.73
137 $125,096.73 $613.53 $0.00 $707.32 $126,417.58
138 $126,417.58 $613.53 $0.00 $714.78 $127,745.89
139 $127,745.89 $613.53 $0.00 $722.29 $129,081.71
140 $129,081.71 $613.53 $0.00 $729.85 $130,425.09
141 $130,425.09 $613.53 $0.00 $737.44 $131,776.06
142 $131,776.06 $613.53 $0.00 $745.08 $133,134.67
143 $133,134.67 $613.53 $0.00 $752.76 $134,500.96
144 $134,500.96 $613.53 $0.00 $760.49 $135,874.98
145 $135,874.98 $613.53 $0.00 $768.26 $137,256.77
146 $137,256.77 $613.53 $0.00 $776.07 $138,646.37
147 $138,646.37 $613.53 $0.00 $783.93 $140,043.83
148 $140,043.83 $613.53 $0.00 $791.83 $141,449.19
149 $141,449.19 $613.53 $0.00 $799.77 $142,862.49
150 $142,862.49 $613.53 $0.00 $807.77 $144,283.79
151 $144,283.79 $613.53 $0.00 $815.80 $145,713.12
152 $145,713.12 $613.53 $0.00 $823.88 $147,150.53
153 $147,150.53 $613.53 $0.00 $832.01 $148,596.07
154 $148,596.07 $613.53 $0.00 $840.18 $150,049.78
155 $150,049.78 $613.53 $0.00 $848.40 $151,511.71
156 $151,511.71 $613.53 $0.00 $856.67 $152,981.91
157 $152,981.91 $613.53 $0.00 $864.98 $154,460.42
158 $154,460.42 $613.53 $0.00 $873.34 $155,947.29
159 $155,947.29 $613.53 $0.00 $881.75 $157,442.57
160 $157,442.57 $613.53 $0.00 $890.20 $158,946.30
161 $158,946.30 $613.53 $0.00 $898.71 $160,458.54
162 $160,458.54 $613.53 $0.00 $907.26 $161,979.33
163 $161,979.33 $613.53 $0.00 $915.85 $163,508.71
164 $163,508.71 $613.53 $0.00 $924.50 $165,046.74
165 $165,046.74 $613.53 $0.00 $933.20 $166,593.47
166 $166,593.47 $613.53 $0.00 $941.94 $168,148.94
167 $168,148.94 $613.53 $0.00 $950.74 $169,713.21
168 $169,713.21 $613.53 $0.00 $959.58 $171,286.32
169 $171,286.32 $613.53 $0.00 $968.48 $172,868.33
170 $172,868.33 $613.53 $0.00 $977.42 $174,459.28
171 $174,459.28 $613.53 $0.00 $986.42 $176,059.23
172 $176,059.23 $613.53 $0.00 $995.46 $177,668.22
173 $177,668.22 $613.53 $0.00 $1,004.56 $179,286.31
174 $179,286.31 $613.53 $0.00 $1,013.71 $180,913.55
175 $180,913.55 $613.53 $0.00 $1,022.91 $182,549.99
176 $182,549.99 $613.53 $0.00 $1,032.16 $184,195.68
177 $184,195.68 $613.53 $0.00 $1,041.47 $185,850.68
178 $185,850.68 $613.53 $0.00 $1,050.83 $187,515.04
179 $187,515.04 $613.53 $0.00 $1,060.24 $189,188.81
180 $189,188.81 $613.53 $0.00 $1,069.70 $190,872.04
181 $190,872.04 $613.53 $0.00 $1,079.22 $192,564.79
182 $192,564.79 $613.53 $0.00 $1,088.79 $194,267.11
183 $194,267.11 $613.53 $0.00 $1,098.41 $195,979.05
184 $195,979.05 $613.53 $0.00 $1,108.09 $197,700.67
185 $197,700.67 $613.53 $0.00 $1,117.83 $199,432.03
186 $199,432.03 $613.53 $0.00 $1,127.62 $201,173.18
187 $201,173.18 $613.53 $0.00 $1,137.46 $202,924.17
188 $202,924.17 $613.53 $0.00 $1,147.36 $204,685.06
189 $204,685.06 $613.53 $0.00 $1,157.32 $206,455.91
190 $206,455.91 $613.53 $0.00 $1,167.33 $208,236.77
191 $208,236.77 $613.53 $0.00 $1,177.40 $210,027.70
192 $210,027.70 $613.53 $0.00 $1,187.53 $211,828.76
193 $211,828.76 $613.53 $0.00 $1,197.71 $213,640.00
194 $213,640.00 $613.53 $0.00 $1,207.95 $215,461.48
195 $215,461.48 $613.53 $0.00 $1,218.25 $217,293.26
196 $217,293.26 $613.53 $0.00 $1,228.61 $219,135.40
197 $219,135.40 $613.53 $0.00 $1,239.02 $220,987.95
198 $220,987.95 $613.53 $0.00 $1,249.50 $222,850.98
199 $222,850.98 $613.53 $0.00 $1,260.03 $224,724.54
200 $224,724.54 $613.53 $0.00 $1,270.63 $226,608.70
201 $226,608.70 $613.53 $0.00 $1,281.28 $228,503.51
202 $228,503.51 $613.53 $0.00 $1,291.99 $230,409.03
203 $230,409.03 $613.53 $0.00 $1,302.77 $232,325.33
204 $232,325.33 $613.53 $0.00 $1,313.60 $234,252.46
205 $234,252.46 $613.53 $0.00 $1,324.50 $236,190.49
206 $236,190.49 $613.53 $0.00 $1,335.46 $238,139.48
207 $238,139.48 $613.53 $0.00 $1,346.48 $240,099.49
208 $240,099.49 $613.53 $0.00 $1,357.56 $242,070.58
209 $242,070.58 $613.53 $0.00 $1,368.70 $244,052.81
210 $244,052.81 $613.53 $0.00 $1,379.91 $246,046.25
211 $246,046.25 $613.53 $0.00 $1,391.18 $248,050.96
212 $248,050.96 $613.53 $0.00 $1,402.52 $250,067.01
213 $250,067.01 $613.53 $0.00 $1,413.92 $252,094.46
214 $252,094.46 $613.53 $0.00 $1,425.38 $254,133.37
215 $254,133.37 $613.53 $0.00 $1,436.91 $256,183.81
216 $256,183.81 $613.53 $0.00 $1,448.50 $258,245.84
217 $258,245.84 $613.53 $71,929.04 $1,460.16 $188,390.49
218 $188,390.49 $613.53 $0.00 $1,065.19 $190,069.21
219 $190,069.21 $613.53 $0.00 $1,074.68 $191,757.42
220 $191,757.42 $613.53 $0.00 $1,084.22 $193,455.17
221 $193,455.17 $613.53 $0.00 $1,093.82 $195,162.52
222 $195,162.52 $613.53 $0.00 $1,103.48 $196,879.53
223 $196,879.53 $613.53 $0.00 $1,113.19 $198,606.25
224 $198,606.25 $613.53 $0.00 $1,122.95 $200,342.73
225 $200,342.73 $613.53 $0.00 $1,132.77 $202,089.03
226 $202,089.03 $613.53 $0.00 $1,142.64 $203,845.20
227 $203,845.20 $613.53 $0.00 $1,152.57 $205,611.30
228 $205,611.30 $613.53 $0.00 $1,162.56 $207,387.39
229 $207,387.39 $613.53 $75,525.49 $1,172.60 $133,648.03
230 $133,648.03 $613.53 $0.00 $755.67 $135,017.23
231 $135,017.23 $613.53 $0.00 $763.41 $136,394.17
232 $136,394.17 $613.53 $0.00 $771.19 $137,778.89
233 $137,778.89 $613.53 $0.00 $779.02 $139,171.44
234 $139,171.44 $613.53 $0.00 $786.90 $140,571.87
235 $140,571.87 $613.53 $0.00 $794.81 $141,980.21
236 $141,980.21 $613.53 $0.00 $802.78 $143,396.52
237 $143,396.52 $613.53 $0.00 $810.78 $144,820.83
238 $144,820.83 $613.53 $0.00 $818.84 $146,253.20
239 $146,253.20 $613.53 $0.00 $826.94 $147,693.67
240 $147,693.67 $613.53 $0.00 $835.08 $149,142.28
241 $149,142.28 $613.53 $79,301.76 $843.27 $71,297.32
242 $71,297.32 $613.53 $0.00 $403.13 $72,313.98
243 $72,313.98 $613.53 $0.00 $408.87 $73,336.38
244 $73,336.38 $613.53 $0.00 $414.65 $74,364.56
245 $74,364.56 $613.53 $0.00 $420.47 $75,398.56
246 $75,398.56 $613.53 $0.00 $426.31 $76,438.40
247 $76,438.40 $613.53 $0.00 $432.19 $77,484.12
248 $77,484.12 $613.53 $0.00 $438.11 $78,535.76
249 $78,535.76 $613.53 $0.00 $444.05 $79,593.34
250 $79,593.34 $613.53 $0.00 $450.03 $80,656.90
251 $80,656.90 $613.53 $0.00 $456.05 $81,726.48
252 $81,726.48 $613.53 $0.00 $462.09 $82,802.10
253 $82,802.10 $0.00 $83,266.85 $468.18 $3.43