Savings Plan and Future Cost Estimation for Virginia University of Lynchburg

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$64,646
Monthly savings required$512

How much will it cost to send your child to Virginia University of Lynchburg in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $258,584.27 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $511.72 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$24,929.00
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 $511.72 $0.00 $0.00 $511.72
2 $511.72 $511.72 $0.00 $2.89 $1,026.33
3 $1,026.33 $511.72 $0.00 $5.80 $1,543.85
4 $1,543.85 $511.72 $0.00 $8.73 $2,064.30
5 $2,064.30 $511.72 $0.00 $11.67 $2,587.69
6 $2,587.69 $511.72 $0.00 $14.63 $3,114.04
7 $3,114.04 $511.72 $0.00 $17.61 $3,643.37
8 $3,643.37 $511.72 $0.00 $20.60 $4,175.69
9 $4,175.69 $511.72 $0.00 $23.61 $4,711.02
10 $4,711.02 $511.72 $0.00 $26.64 $5,249.38
11 $5,249.38 $511.72 $0.00 $29.68 $5,790.78
12 $5,790.78 $511.72 $0.00 $32.74 $6,335.24
13 $6,335.24 $511.72 $0.00 $35.82 $6,882.78
14 $6,882.78 $511.72 $0.00 $38.92 $7,433.42
15 $7,433.42 $511.72 $0.00 $42.03 $7,987.17
16 $7,987.17 $511.72 $0.00 $45.16 $8,544.05
17 $8,544.05 $511.72 $0.00 $48.31 $9,104.08
18 $9,104.08 $511.72 $0.00 $51.48 $9,667.28
19 $9,667.28 $511.72 $0.00 $54.66 $10,233.66
20 $10,233.66 $511.72 $0.00 $57.86 $10,803.24
21 $10,803.24 $511.72 $0.00 $61.08 $11,376.04
22 $11,376.04 $511.72 $0.00 $64.32 $11,952.08
23 $11,952.08 $511.72 $0.00 $67.58 $12,531.38
24 $12,531.38 $511.72 $0.00 $70.85 $13,113.95
25 $13,113.95 $511.72 $0.00 $74.15 $13,699.82
26 $13,699.82 $511.72 $0.00 $77.46 $14,289.00
27 $14,289.00 $511.72 $0.00 $80.79 $14,881.51
28 $14,881.51 $511.72 $0.00 $84.14 $15,477.37
29 $15,477.37 $511.72 $0.00 $87.51 $16,076.60
30 $16,076.60 $511.72 $0.00 $90.90 $16,679.22
31 $16,679.22 $511.72 $0.00 $94.31 $17,285.25
32 $17,285.25 $511.72 $0.00 $97.73 $17,894.70
33 $17,894.70 $511.72 $0.00 $101.18 $18,507.60
34 $18,507.60 $511.72 $0.00 $104.64 $19,123.96
35 $19,123.96 $511.72 $0.00 $108.13 $19,743.81
36 $19,743.81 $511.72 $0.00 $111.63 $20,367.16
37 $20,367.16 $511.72 $0.00 $115.16 $20,994.04
38 $20,994.04 $511.72 $0.00 $118.70 $21,624.46
39 $21,624.46 $511.72 $0.00 $122.27 $22,258.45
40 $22,258.45 $511.72 $0.00 $125.85 $22,896.02
41 $22,896.02 $511.72 $0.00 $129.46 $23,537.20
42 $23,537.20 $511.72 $0.00 $133.08 $24,182.00
43 $24,182.00 $511.72 $0.00 $136.73 $24,830.45
44 $24,830.45 $511.72 $0.00 $140.39 $25,482.56
45 $25,482.56 $511.72 $0.00 $144.08 $26,138.36
46 $26,138.36 $511.72 $0.00 $147.79 $26,797.87
47 $26,797.87 $511.72 $0.00 $151.52 $27,461.11
48 $27,461.11 $511.72 $0.00 $155.27 $28,128.10
49 $28,128.10 $511.72 $0.00 $159.04 $28,798.86
50 $28,798.86 $511.72 $0.00 $162.83 $29,473.41
51 $29,473.41 $511.72 $0.00 $166.65 $30,151.78
52 $30,151.78 $511.72 $0.00 $170.48 $30,833.98
53 $30,833.98 $511.72 $0.00 $174.34 $31,520.04
54 $31,520.04 $511.72 $0.00 $178.22 $32,209.98
55 $32,209.98 $511.72 $0.00 $182.12 $32,903.82
56 $32,903.82 $511.72 $0.00 $186.04 $33,601.58
57 $33,601.58 $511.72 $0.00 $189.99 $34,303.29
58 $34,303.29 $511.72 $0.00 $193.96 $35,008.97
59 $35,008.97 $511.72 $0.00 $197.95 $35,718.64
60 $35,718.64 $511.72 $0.00 $201.96 $36,432.32
61 $36,432.32 $511.72 $0.00 $205.99 $37,150.03
62 $37,150.03 $511.72 $0.00 $210.05 $37,871.80
63 $37,871.80 $511.72 $0.00 $214.13 $38,597.65
64 $38,597.65 $511.72 $0.00 $218.24 $39,327.61
65 $39,327.61 $511.72 $0.00 $222.36 $40,061.69
66 $40,061.69 $511.72 $0.00 $226.51 $40,799.92
67 $40,799.92 $511.72 $0.00 $230.69 $41,542.33
68 $41,542.33 $511.72 $0.00 $234.89 $42,288.94
69 $42,288.94 $511.72 $0.00 $239.11 $43,039.77
70 $43,039.77 $511.72 $0.00 $243.35 $43,794.84
71 $43,794.84 $511.72 $0.00 $247.62 $44,554.18
72 $44,554.18 $511.72 $0.00 $251.92 $45,317.82
73 $45,317.82 $511.72 $0.00 $256.23 $46,085.77
74 $46,085.77 $511.72 $0.00 $260.58 $46,858.07
75 $46,858.07 $511.72 $0.00 $264.94 $47,634.73
76 $47,634.73 $511.72 $0.00 $269.33 $48,415.78
77 $48,415.78 $511.72 $0.00 $273.75 $49,201.25
78 $49,201.25 $511.72 $0.00 $278.19 $49,991.16
79 $49,991.16 $511.72 $0.00 $282.66 $50,785.54
80 $50,785.54 $511.72 $0.00 $287.15 $51,584.41
81 $51,584.41 $511.72 $0.00 $291.67 $52,387.80
82 $52,387.80 $511.72 $0.00 $296.21 $53,195.73
83 $53,195.73 $511.72 $0.00 $300.78 $54,008.23
84 $54,008.23 $511.72 $0.00 $305.37 $54,825.32
85 $54,825.32 $511.72 $0.00 $309.99 $55,647.03
86 $55,647.03 $511.72 $0.00 $314.64 $56,473.39
87 $56,473.39 $511.72 $0.00 $319.31 $57,304.42
88 $57,304.42 $511.72 $0.00 $324.01 $58,140.15
89 $58,140.15 $511.72 $0.00 $328.73 $58,980.60
90 $58,980.60 $511.72 $0.00 $333.48 $59,825.80
91 $59,825.80 $511.72 $0.00 $338.26 $60,675.78
92 $60,675.78 $511.72 $0.00 $343.07 $61,530.57
93 $61,530.57 $511.72 $0.00 $347.90 $62,390.19
94 $62,390.19 $511.72 $0.00 $352.76 $63,254.67
95 $63,254.67 $511.72 $0.00 $357.65 $64,124.04
96 $64,124.04 $511.72 $0.00 $362.57 $64,998.33
97 $64,998.33 $511.72 $0.00 $367.51 $65,877.56
98 $65,877.56 $511.72 $0.00 $372.48 $66,761.76
99 $66,761.76 $511.72 $0.00 $377.48 $67,650.96
100 $67,650.96 $511.72 $0.00 $382.51 $68,545.19
101 $68,545.19 $511.72 $0.00 $387.56 $69,444.47
102 $69,444.47 $511.72 $0.00 $392.65 $70,348.84
103 $70,348.84 $511.72 $0.00 $397.76 $71,258.32
104 $71,258.32 $511.72 $0.00 $402.90 $72,172.94
105 $72,172.94 $511.72 $0.00 $408.08 $73,092.74
106 $73,092.74 $511.72 $0.00 $413.28 $74,017.74
107 $74,017.74 $511.72 $0.00 $418.51 $74,947.97
108 $74,947.97 $511.72 $0.00 $423.77 $75,883.46
109 $75,883.46 $511.72 $0.00 $429.06 $76,824.24
110 $76,824.24 $511.72 $0.00 $434.38 $77,770.34
111 $77,770.34 $511.72 $0.00 $439.72 $78,721.78
112 $78,721.78 $511.72 $0.00 $445.10 $79,678.60
113 $79,678.60 $511.72 $0.00 $450.51 $80,640.83
114 $80,640.83 $511.72 $0.00 $455.95 $81,608.50
115 $81,608.50 $511.72 $0.00 $461.43 $82,581.65
116 $82,581.65 $511.72 $0.00 $466.93 $83,560.30
117 $83,560.30 $511.72 $0.00 $472.46 $84,544.48
118 $84,544.48 $511.72 $0.00 $478.03 $85,534.23
119 $85,534.23 $511.72 $0.00 $483.62 $86,529.57
120 $86,529.57 $511.72 $0.00 $489.25 $87,530.54
121 $87,530.54 $511.72 $0.00 $494.91 $88,537.17
122 $88,537.17 $511.72 $0.00 $500.60 $89,549.49
123 $89,549.49 $511.72 $0.00 $506.33 $90,567.54
124 $90,567.54 $511.72 $0.00 $512.08 $91,591.34
125 $91,591.34 $511.72 $0.00 $517.87 $92,620.93
126 $92,620.93 $511.72 $0.00 $523.69 $93,656.34
127 $93,656.34 $511.72 $0.00 $529.55 $94,697.61
128 $94,697.61 $511.72 $0.00 $535.43 $95,744.76
129 $95,744.76 $511.72 $0.00 $541.35 $96,797.83
130 $96,797.83 $511.72 $0.00 $547.31 $97,856.86
131 $97,856.86 $511.72 $0.00 $553.30 $98,921.88
132 $98,921.88 $511.72 $0.00 $559.32 $99,992.92
133 $99,992.92 $511.72 $0.00 $565.37 $101,070.01
134 $101,070.01 $511.72 $0.00 $571.46 $102,153.19
135 $102,153.19 $511.72 $0.00 $577.59 $103,242.50
136 $103,242.50 $511.72 $0.00 $583.75 $104,337.97
137 $104,337.97 $511.72 $0.00 $589.94 $105,439.63
138 $105,439.63 $511.72 $0.00 $596.17 $106,547.52
139 $106,547.52 $511.72 $0.00 $602.44 $107,661.68
140 $107,661.68 $511.72 $0.00 $608.73 $108,782.13
141 $108,782.13 $511.72 $0.00 $615.07 $109,908.92
142 $109,908.92 $511.72 $0.00 $621.44 $111,042.08
143 $111,042.08 $511.72 $0.00 $627.85 $112,181.65
144 $112,181.65 $511.72 $0.00 $634.29 $113,327.66
145 $113,327.66 $511.72 $0.00 $640.77 $114,480.15
146 $114,480.15 $511.72 $0.00 $647.29 $115,639.16
147 $115,639.16 $511.72 $0.00 $653.84 $116,804.72
148 $116,804.72 $511.72 $0.00 $660.43 $117,976.87
149 $117,976.87 $511.72 $0.00 $667.06 $119,155.65
150 $119,155.65 $511.72 $0.00 $673.72 $120,341.09
151 $120,341.09 $511.72 $0.00 $680.43 $121,533.24
152 $121,533.24 $511.72 $0.00 $687.17 $122,732.13
153 $122,732.13 $511.72 $0.00 $693.95 $123,937.80
154 $123,937.80 $511.72 $0.00 $700.76 $125,150.28
155 $125,150.28 $511.72 $0.00 $707.62 $126,369.62
156 $126,369.62 $511.72 $0.00 $714.51 $127,595.85
157 $127,595.85 $511.72 $0.00 $721.45 $128,829.02
158 $128,829.02 $511.72 $0.00 $728.42 $130,069.16
159 $130,069.16 $511.72 $0.00 $735.43 $131,316.31
160 $131,316.31 $511.72 $0.00 $742.48 $132,570.51
161 $132,570.51 $511.72 $0.00 $749.57 $133,831.80
162 $133,831.80 $511.72 $0.00 $756.70 $135,100.22
163 $135,100.22 $511.72 $0.00 $763.88 $136,375.82
164 $136,375.82 $511.72 $0.00 $771.09 $137,658.63
165 $137,658.63 $511.72 $0.00 $778.34 $138,948.69
166 $138,948.69 $511.72 $0.00 $785.64 $140,246.05
167 $140,246.05 $511.72 $0.00 $792.97 $141,550.74
168 $141,550.74 $511.72 $0.00 $800.35 $142,862.81
169 $142,862.81 $511.72 $0.00 $807.77 $144,182.30
170 $144,182.30 $511.72 $0.00 $815.23 $145,509.25
171 $145,509.25 $511.72 $0.00 $822.73 $146,843.70
172 $146,843.70 $511.72 $0.00 $830.28 $148,185.70
173 $148,185.70 $511.72 $0.00 $837.86 $149,535.28
174 $149,535.28 $511.72 $0.00 $845.49 $150,892.49
175 $150,892.49 $511.72 $0.00 $853.17 $152,257.38
176 $152,257.38 $511.72 $0.00 $860.89 $153,629.99
177 $153,629.99 $511.72 $0.00 $868.65 $155,010.36
178 $155,010.36 $511.72 $0.00 $876.45 $156,398.53
179 $156,398.53 $511.72 $0.00 $884.30 $157,794.55
180 $157,794.55 $511.72 $0.00 $892.19 $159,198.46
181 $159,198.46 $511.72 $0.00 $900.13 $160,610.31
182 $160,610.31 $511.72 $0.00 $908.11 $162,030.14
183 $162,030.14 $511.72 $0.00 $916.14 $163,458.00
184 $163,458.00 $511.72 $0.00 $924.22 $164,893.94
185 $164,893.94 $511.72 $0.00 $932.33 $166,337.99
186 $166,337.99 $511.72 $0.00 $940.50 $167,790.21
187 $167,790.21 $511.72 $0.00 $948.71 $169,250.64
188 $169,250.64 $511.72 $0.00 $956.97 $170,719.33
189 $170,719.33 $511.72 $0.00 $965.27 $172,196.32
190 $172,196.32 $511.72 $0.00 $973.62 $173,681.66
191 $173,681.66 $511.72 $0.00 $982.02 $175,175.40
192 $175,175.40 $511.72 $0.00 $990.47 $176,677.59
193 $176,677.59 $511.72 $0.00 $998.96 $178,188.27
194 $178,188.27 $511.72 $0.00 $1,007.50 $179,707.49
195 $179,707.49 $511.72 $0.00 $1,016.09 $181,235.30
196 $181,235.30 $511.72 $0.00 $1,024.73 $182,771.75
197 $182,771.75 $511.72 $0.00 $1,033.42 $184,316.89
198 $184,316.89 $511.72 $0.00 $1,042.15 $185,870.76
199 $185,870.76 $511.72 $0.00 $1,050.94 $187,433.42
200 $187,433.42 $511.72 $0.00 $1,059.78 $189,004.92
201 $189,004.92 $511.72 $0.00 $1,068.66 $190,585.30
202 $190,585.30 $511.72 $0.00 $1,077.60 $192,174.62
203 $192,174.62 $511.72 $0.00 $1,086.58 $193,772.92
204 $193,772.92 $511.72 $0.00 $1,095.62 $195,380.26
205 $195,380.26 $511.72 $0.00 $1,104.71 $196,996.69
206 $196,996.69 $511.72 $0.00 $1,113.85 $198,622.26
207 $198,622.26 $511.72 $0.00 $1,123.04 $200,257.02
208 $200,257.02 $511.72 $0.00 $1,132.28 $201,901.02
209 $201,901.02 $511.72 $0.00 $1,141.58 $203,554.32
210 $203,554.32 $511.72 $0.00 $1,150.93 $205,216.97
211 $205,216.97 $511.72 $0.00 $1,160.33 $206,889.02
212 $206,889.02 $511.72 $0.00 $1,169.78 $208,570.52
213 $208,570.52 $511.72 $0.00 $1,179.29 $210,261.53
214 $210,261.53 $511.72 $0.00 $1,188.85 $211,962.10
215 $211,962.10 $511.72 $0.00 $1,198.46 $213,672.28
216 $213,672.28 $511.72 $0.00 $1,208.13 $215,392.13
217 $215,392.13 $511.72 $59,994.61 $1,217.86 $157,127.10
218 $157,127.10 $511.72 $0.00 $888.42 $158,527.24
219 $158,527.24 $511.72 $0.00 $896.34 $159,935.30
220 $159,935.30 $511.72 $0.00 $904.30 $161,351.32
221 $161,351.32 $511.72 $0.00 $912.30 $162,775.34
222 $162,775.34 $511.72 $0.00 $920.36 $164,207.42
223 $164,207.42 $511.72 $0.00 $928.45 $165,647.59
224 $165,647.59 $511.72 $0.00 $936.60 $167,095.91
225 $167,095.91 $511.72 $0.00 $944.78 $168,552.41
226 $168,552.41 $511.72 $0.00 $953.02 $170,017.15
227 $170,017.15 $511.72 $0.00 $961.30 $171,490.17
228 $171,490.17 $511.72 $0.00 $969.63 $172,971.52
229 $172,971.52 $511.72 $62,994.34 $978.01 $111,466.91
230 $111,466.91 $511.72 $0.00 $630.25 $112,608.88
231 $112,608.88 $511.72 $0.00 $636.71 $113,757.31
232 $113,757.31 $511.72 $0.00 $643.20 $114,912.23
233 $114,912.23 $511.72 $0.00 $649.73 $116,073.68
234 $116,073.68 $511.72 $0.00 $656.30 $117,241.70
235 $117,241.70 $511.72 $0.00 $662.90 $118,416.32
236 $118,416.32 $511.72 $0.00 $669.54 $119,597.58
237 $119,597.58 $511.72 $0.00 $676.22 $120,785.52
238 $120,785.52 $511.72 $0.00 $682.94 $121,980.18
239 $121,980.18 $511.72 $0.00 $689.69 $123,181.59
240 $123,181.59 $511.72 $0.00 $696.49 $124,389.80
241 $124,389.80 $511.72 $66,144.06 $703.32 $59,460.78
242 $59,460.78 $511.72 $0.00 $336.20 $60,308.70
243 $60,308.70 $511.72 $0.00 $340.99 $61,161.41
244 $61,161.41 $511.72 $0.00 $345.82 $62,018.95
245 $62,018.95 $511.72 $0.00 $350.66 $62,881.33
246 $62,881.33 $511.72 $0.00 $355.54 $63,748.59
247 $63,748.59 $511.72 $0.00 $360.44 $64,620.75
248 $64,620.75 $511.72 $0.00 $365.38 $65,497.85
249 $65,497.85 $511.72 $0.00 $370.33 $66,379.90
250 $66,379.90 $511.72 $0.00 $375.32 $67,266.94
251 $67,266.94 $511.72 $0.00 $380.34 $68,159.00
252 $68,159.00 $511.72 $0.00 $385.38 $69,056.10
253 $69,056.10 $0.00 $69,451.26 $390.45 ($4.71)