Savings Plan and Future Cost Estimation for Virginia Wesleyan College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$197,263
Monthly savings required$1,559

How much will it cost to send your child to Virginia Wesleyan College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $789,052.64 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,559.02 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$52,580.00
Years until enrollment18
Annual Tuition Increase7%
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 $1,559.02 $0.00 $0.00 $1,559.02
2 $1,559.02 $1,559.02 $0.00 $8.81 $3,126.85
3 $3,126.85 $1,559.02 $0.00 $17.68 $4,703.55
4 $4,703.55 $1,559.02 $0.00 $26.59 $6,289.16
5 $6,289.16 $1,559.02 $0.00 $35.56 $7,883.74
6 $7,883.74 $1,559.02 $0.00 $44.58 $9,487.34
7 $9,487.34 $1,559.02 $0.00 $53.64 $11,100.00
8 $11,100.00 $1,559.02 $0.00 $62.76 $12,721.78
9 $12,721.78 $1,559.02 $0.00 $71.93 $14,352.73
10 $14,352.73 $1,559.02 $0.00 $81.15 $15,992.90
11 $15,992.90 $1,559.02 $0.00 $90.43 $17,642.35
12 $17,642.35 $1,559.02 $0.00 $99.75 $19,301.12
13 $19,301.12 $1,559.02 $0.00 $109.13 $20,969.27
14 $20,969.27 $1,559.02 $0.00 $118.56 $22,646.85
15 $22,646.85 $1,559.02 $0.00 $128.05 $24,333.92
16 $24,333.92 $1,559.02 $0.00 $137.59 $26,030.53
17 $26,030.53 $1,559.02 $0.00 $147.18 $27,736.73
18 $27,736.73 $1,559.02 $0.00 $156.83 $29,452.58
19 $29,452.58 $1,559.02 $0.00 $166.53 $31,178.13
20 $31,178.13 $1,559.02 $0.00 $176.29 $32,913.44
21 $32,913.44 $1,559.02 $0.00 $186.10 $34,658.56
22 $34,658.56 $1,559.02 $0.00 $195.96 $36,413.54
23 $36,413.54 $1,559.02 $0.00 $205.89 $38,178.45
24 $38,178.45 $1,559.02 $0.00 $215.87 $39,953.34
25 $39,953.34 $1,559.02 $0.00 $225.90 $41,738.26
26 $41,738.26 $1,559.02 $0.00 $235.99 $43,533.27
27 $43,533.27 $1,559.02 $0.00 $246.14 $45,338.43
28 $45,338.43 $1,559.02 $0.00 $256.35 $47,153.80
29 $47,153.80 $1,559.02 $0.00 $266.61 $48,979.43
30 $48,979.43 $1,559.02 $0.00 $276.94 $50,815.39
31 $50,815.39 $1,559.02 $0.00 $287.32 $52,661.73
32 $52,661.73 $1,559.02 $0.00 $297.76 $54,518.51
33 $54,518.51 $1,559.02 $0.00 $308.26 $56,385.79
34 $56,385.79 $1,559.02 $0.00 $318.81 $58,263.62
35 $58,263.62 $1,559.02 $0.00 $329.43 $60,152.07
36 $60,152.07 $1,559.02 $0.00 $340.11 $62,051.20
37 $62,051.20 $1,559.02 $0.00 $350.85 $63,961.07
38 $63,961.07 $1,559.02 $0.00 $361.65 $65,881.74
39 $65,881.74 $1,559.02 $0.00 $372.50 $67,813.26
40 $67,813.26 $1,559.02 $0.00 $383.43 $69,755.71
41 $69,755.71 $1,559.02 $0.00 $394.41 $71,709.14
42 $71,709.14 $1,559.02 $0.00 $405.45 $73,673.61
43 $73,673.61 $1,559.02 $0.00 $416.56 $75,649.19
44 $75,649.19 $1,559.02 $0.00 $427.73 $77,635.94
45 $77,635.94 $1,559.02 $0.00 $438.96 $79,633.92
46 $79,633.92 $1,559.02 $0.00 $450.26 $81,643.20
47 $81,643.20 $1,559.02 $0.00 $461.62 $83,663.84
48 $83,663.84 $1,559.02 $0.00 $473.05 $85,695.91
49 $85,695.91 $1,559.02 $0.00 $484.54 $87,739.47
50 $87,739.47 $1,559.02 $0.00 $496.09 $89,794.58
51 $89,794.58 $1,559.02 $0.00 $507.71 $91,861.31
52 $91,861.31 $1,559.02 $0.00 $519.40 $93,939.73
53 $93,939.73 $1,559.02 $0.00 $531.15 $96,029.90
54 $96,029.90 $1,559.02 $0.00 $542.97 $98,131.89
55 $98,131.89 $1,559.02 $0.00 $554.85 $100,245.76
56 $100,245.76 $1,559.02 $0.00 $566.80 $102,371.58
57 $102,371.58 $1,559.02 $0.00 $578.82 $104,509.42
58 $104,509.42 $1,559.02 $0.00 $590.91 $106,659.35
59 $106,659.35 $1,559.02 $0.00 $603.07 $108,821.44
60 $108,821.44 $1,559.02 $0.00 $615.29 $110,995.75
61 $110,995.75 $1,559.02 $0.00 $627.59 $113,182.36
62 $113,182.36 $1,559.02 $0.00 $639.95 $115,381.33
63 $115,381.33 $1,559.02 $0.00 $652.38 $117,592.73
64 $117,592.73 $1,559.02 $0.00 $664.89 $119,816.64
65 $119,816.64 $1,559.02 $0.00 $677.46 $122,053.12
66 $122,053.12 $1,559.02 $0.00 $690.11 $124,302.25
67 $124,302.25 $1,559.02 $0.00 $702.82 $126,564.09
68 $126,564.09 $1,559.02 $0.00 $715.61 $128,838.72
69 $128,838.72 $1,559.02 $0.00 $728.47 $131,126.21
70 $131,126.21 $1,559.02 $0.00 $741.41 $133,426.64
71 $133,426.64 $1,559.02 $0.00 $754.41 $135,740.07
72 $135,740.07 $1,559.02 $0.00 $767.49 $138,066.58
73 $138,066.58 $1,559.02 $0.00 $780.65 $140,406.25
74 $140,406.25 $1,559.02 $0.00 $793.88 $142,759.15
75 $142,759.15 $1,559.02 $0.00 $807.18 $145,125.35
76 $145,125.35 $1,559.02 $0.00 $820.56 $147,504.93
77 $147,504.93 $1,559.02 $0.00 $834.01 $149,897.96
78 $149,897.96 $1,559.02 $0.00 $847.54 $152,304.52
79 $152,304.52 $1,559.02 $0.00 $861.15 $154,724.69
80 $154,724.69 $1,559.02 $0.00 $874.84 $157,158.55
81 $157,158.55 $1,559.02 $0.00 $888.60 $159,606.17
82 $159,606.17 $1,559.02 $0.00 $902.44 $162,067.63
83 $162,067.63 $1,559.02 $0.00 $916.35 $164,543.00
84 $164,543.00 $1,559.02 $0.00 $930.35 $167,032.37
85 $167,032.37 $1,559.02 $0.00 $944.43 $169,535.82
86 $169,535.82 $1,559.02 $0.00 $958.58 $172,053.42
87 $172,053.42 $1,559.02 $0.00 $972.82 $174,585.26
88 $174,585.26 $1,559.02 $0.00 $987.13 $177,131.41
89 $177,131.41 $1,559.02 $0.00 $1,001.53 $179,691.96
90 $179,691.96 $1,559.02 $0.00 $1,016.00 $182,266.98
91 $182,266.98 $1,559.02 $0.00 $1,030.56 $184,856.56
92 $184,856.56 $1,559.02 $0.00 $1,045.21 $187,460.79
93 $187,460.79 $1,559.02 $0.00 $1,059.93 $190,079.74
94 $190,079.74 $1,559.02 $0.00 $1,074.74 $192,713.50
95 $192,713.50 $1,559.02 $0.00 $1,089.63 $195,362.15
96 $195,362.15 $1,559.02 $0.00 $1,104.61 $198,025.78
97 $198,025.78 $1,559.02 $0.00 $1,119.67 $200,704.47
98 $200,704.47 $1,559.02 $0.00 $1,134.81 $203,398.30
99 $203,398.30 $1,559.02 $0.00 $1,150.04 $206,107.36
100 $206,107.36 $1,559.02 $0.00 $1,165.36 $208,831.74
101 $208,831.74 $1,559.02 $0.00 $1,180.77 $211,571.53
102 $211,571.53 $1,559.02 $0.00 $1,196.26 $214,326.81
103 $214,326.81 $1,559.02 $0.00 $1,211.83 $217,097.66
104 $217,097.66 $1,559.02 $0.00 $1,227.50 $219,884.18
105 $219,884.18 $1,559.02 $0.00 $1,243.26 $222,686.46
106 $222,686.46 $1,559.02 $0.00 $1,259.10 $225,504.58
107 $225,504.58 $1,559.02 $0.00 $1,275.04 $228,338.64
108 $228,338.64 $1,559.02 $0.00 $1,291.06 $231,188.72
109 $231,188.72 $1,559.02 $0.00 $1,307.17 $234,054.91
110 $234,054.91 $1,559.02 $0.00 $1,323.38 $236,937.31
111 $236,937.31 $1,559.02 $0.00 $1,339.68 $239,836.01
112 $239,836.01 $1,559.02 $0.00 $1,356.07 $242,751.10
113 $242,751.10 $1,559.02 $0.00 $1,372.55 $245,682.67
114 $245,682.67 $1,559.02 $0.00 $1,389.13 $248,630.82
115 $248,630.82 $1,559.02 $0.00 $1,405.79 $251,595.63
116 $251,595.63 $1,559.02 $0.00 $1,422.56 $254,577.21
117 $254,577.21 $1,559.02 $0.00 $1,439.42 $257,575.65
118 $257,575.65 $1,559.02 $0.00 $1,456.37 $260,591.04
119 $260,591.04 $1,559.02 $0.00 $1,473.42 $263,623.48
120 $263,623.48 $1,559.02 $0.00 $1,490.57 $266,673.07
121 $266,673.07 $1,559.02 $0.00 $1,507.81 $269,739.90
122 $269,739.90 $1,559.02 $0.00 $1,525.15 $272,824.07
123 $272,824.07 $1,559.02 $0.00 $1,542.59 $275,925.68
124 $275,925.68 $1,559.02 $0.00 $1,560.12 $279,044.82
125 $279,044.82 $1,559.02 $0.00 $1,577.76 $282,181.60
126 $282,181.60 $1,559.02 $0.00 $1,595.50 $285,336.12
127 $285,336.12 $1,559.02 $0.00 $1,613.33 $288,508.47
128 $288,508.47 $1,559.02 $0.00 $1,631.27 $291,698.76
129 $291,698.76 $1,559.02 $0.00 $1,649.31 $294,907.09
130 $294,907.09 $1,559.02 $0.00 $1,667.45 $298,133.56
131 $298,133.56 $1,559.02 $0.00 $1,685.69 $301,378.27
132 $301,378.27 $1,559.02 $0.00 $1,704.04 $304,641.33
133 $304,641.33 $1,559.02 $0.00 $1,722.49 $307,922.84
134 $307,922.84 $1,559.02 $0.00 $1,741.04 $311,222.90
135 $311,222.90 $1,559.02 $0.00 $1,759.70 $314,541.62
136 $314,541.62 $1,559.02 $0.00 $1,778.46 $317,879.10
137 $317,879.10 $1,559.02 $0.00 $1,797.33 $321,235.45
138 $321,235.45 $1,559.02 $0.00 $1,816.31 $324,610.78
139 $324,610.78 $1,559.02 $0.00 $1,835.40 $328,005.20
140 $328,005.20 $1,559.02 $0.00 $1,854.59 $331,418.81
141 $331,418.81 $1,559.02 $0.00 $1,873.89 $334,851.72
142 $334,851.72 $1,559.02 $0.00 $1,893.30 $338,304.04
143 $338,304.04 $1,559.02 $0.00 $1,912.82 $341,775.88
144 $341,775.88 $1,559.02 $0.00 $1,932.45 $345,267.35
145 $345,267.35 $1,559.02 $0.00 $1,952.19 $348,778.56
146 $348,778.56 $1,559.02 $0.00 $1,972.04 $352,309.62
147 $352,309.62 $1,559.02 $0.00 $1,992.01 $355,860.65
148 $355,860.65 $1,559.02 $0.00 $2,012.09 $359,431.76
149 $359,431.76 $1,559.02 $0.00 $2,032.28 $363,023.06
150 $363,023.06 $1,559.02 $0.00 $2,052.59 $366,634.67
151 $366,634.67 $1,559.02 $0.00 $2,073.01 $370,266.70
152 $370,266.70 $1,559.02 $0.00 $2,093.54 $373,919.26
153 $373,919.26 $1,559.02 $0.00 $2,114.19 $377,592.47
154 $377,592.47 $1,559.02 $0.00 $2,134.96 $381,286.45
155 $381,286.45 $1,559.02 $0.00 $2,155.85 $385,001.32
156 $385,001.32 $1,559.02 $0.00 $2,176.85 $388,737.19
157 $388,737.19 $1,559.02 $0.00 $2,197.98 $392,494.19
158 $392,494.19 $1,559.02 $0.00 $2,219.22 $396,272.43
159 $396,272.43 $1,559.02 $0.00 $2,240.58 $400,072.03
160 $400,072.03 $1,559.02 $0.00 $2,262.07 $403,893.12
161 $403,893.12 $1,559.02 $0.00 $2,283.67 $407,735.81
162 $407,735.81 $1,559.02 $0.00 $2,305.40 $411,600.23
163 $411,600.23 $1,559.02 $0.00 $2,327.25 $415,486.50
164 $415,486.50 $1,559.02 $0.00 $2,349.22 $419,394.74
165 $419,394.74 $1,559.02 $0.00 $2,371.32 $423,325.08
166 $423,325.08 $1,559.02 $0.00 $2,393.54 $427,277.64
167 $427,277.64 $1,559.02 $0.00 $2,415.89 $431,252.55
168 $431,252.55 $1,559.02 $0.00 $2,438.36 $435,249.93
169 $435,249.93 $1,559.02 $0.00 $2,460.97 $439,269.92
170 $439,269.92 $1,559.02 $0.00 $2,483.70 $443,312.64
171 $443,312.64 $1,559.02 $0.00 $2,506.55 $447,378.21
172 $447,378.21 $1,559.02 $0.00 $2,529.54 $451,466.77
173 $451,466.77 $1,559.02 $0.00 $2,552.66 $455,578.45
174 $455,578.45 $1,559.02 $0.00 $2,575.91 $459,713.38
175 $459,713.38 $1,559.02 $0.00 $2,599.29 $463,871.69
176 $463,871.69 $1,559.02 $0.00 $2,622.80 $468,053.51
177 $468,053.51 $1,559.02 $0.00 $2,646.44 $472,258.97
178 $472,258.97 $1,559.02 $0.00 $2,670.22 $476,488.21
179 $476,488.21 $1,559.02 $0.00 $2,694.13 $480,741.36
180 $480,741.36 $1,559.02 $0.00 $2,718.18 $485,018.56
181 $485,018.56 $1,559.02 $0.00 $2,742.37 $489,319.95
182 $489,319.95 $1,559.02 $0.00 $2,766.69 $493,645.66
183 $493,645.66 $1,559.02 $0.00 $2,791.14 $497,995.82
184 $497,995.82 $1,559.02 $0.00 $2,815.74 $502,370.58
185 $502,370.58 $1,559.02 $0.00 $2,840.48 $506,770.08
186 $506,770.08 $1,559.02 $0.00 $2,865.35 $511,194.45
187 $511,194.45 $1,559.02 $0.00 $2,890.37 $515,643.84
188 $515,643.84 $1,559.02 $0.00 $2,915.53 $520,118.39
189 $520,118.39 $1,559.02 $0.00 $2,940.82 $524,618.23
190 $524,618.23 $1,559.02 $0.00 $2,966.27 $529,143.52
191 $529,143.52 $1,559.02 $0.00 $2,991.85 $533,694.39
192 $533,694.39 $1,559.02 $0.00 $3,017.59 $538,271.00
193 $538,271.00 $1,559.02 $0.00 $3,043.46 $542,873.48
194 $542,873.48 $1,559.02 $0.00 $3,069.49 $547,501.99
195 $547,501.99 $1,559.02 $0.00 $3,095.66 $552,156.67
196 $552,156.67 $1,559.02 $0.00 $3,121.97 $556,837.66
197 $556,837.66 $1,559.02 $0.00 $3,148.44 $561,545.12
198 $561,545.12 $1,559.02 $0.00 $3,175.06 $566,279.20
199 $566,279.20 $1,559.02 $0.00 $3,201.82 $571,040.04
200 $571,040.04 $1,559.02 $0.00 $3,228.74 $575,827.80
201 $575,827.80 $1,559.02 $0.00 $3,255.81 $580,642.63
202 $580,642.63 $1,559.02 $0.00 $3,283.04 $585,484.69
203 $585,484.69 $1,559.02 $0.00 $3,310.42 $590,354.13
204 $590,354.13 $1,559.02 $0.00 $3,337.95 $595,251.10
205 $595,251.10 $1,559.02 $0.00 $3,365.64 $600,175.76
206 $600,175.76 $1,559.02 $0.00 $3,393.48 $605,128.26
207 $605,128.26 $1,559.02 $0.00 $3,421.48 $610,108.76
208 $610,108.76 $1,559.02 $0.00 $3,449.64 $615,117.42
209 $615,117.42 $1,559.02 $0.00 $3,477.96 $620,154.40
210 $620,154.40 $1,559.02 $0.00 $3,506.44 $625,219.86
211 $625,219.86 $1,559.02 $0.00 $3,535.08 $630,313.96
212 $630,313.96 $1,559.02 $0.00 $3,563.89 $635,436.87
213 $635,436.87 $1,559.02 $0.00 $3,592.85 $640,588.74
214 $640,588.74 $1,559.02 $0.00 $3,621.98 $645,769.74
215 $645,769.74 $1,559.02 $0.00 $3,651.28 $650,980.04
216 $650,980.04 $1,559.02 $0.00 $3,680.74 $656,219.80
217 $656,219.80 $1,559.02 $177,716.84 $3,710.36 $483,772.34
218 $483,772.34 $1,559.02 $0.00 $2,735.32 $488,066.68
219 $488,066.68 $1,559.02 $0.00 $2,759.60 $492,385.30
220 $492,385.30 $1,559.02 $0.00 $2,784.02 $496,728.34
221 $496,728.34 $1,559.02 $0.00 $2,808.57 $501,095.93
222 $501,095.93 $1,559.02 $0.00 $2,833.27 $505,488.22
223 $505,488.22 $1,559.02 $0.00 $2,858.10 $509,905.34
224 $509,905.34 $1,559.02 $0.00 $2,883.08 $514,347.44
225 $514,347.44 $1,559.02 $0.00 $2,908.20 $518,814.66
226 $518,814.66 $1,559.02 $0.00 $2,933.45 $523,307.13
227 $523,307.13 $1,559.02 $0.00 $2,958.85 $527,825.00
228 $527,825.00 $1,559.02 $0.00 $2,984.40 $532,368.42
229 $532,368.42 $1,559.02 $190,157.02 $3,010.09 $346,780.51
230 $346,780.51 $1,559.02 $0.00 $1,960.75 $350,300.28
231 $350,300.28 $1,559.02 $0.00 $1,980.65 $353,839.95
232 $353,839.95 $1,559.02 $0.00 $2,000.66 $357,399.63
233 $357,399.63 $1,559.02 $0.00 $2,020.79 $360,979.44
234 $360,979.44 $1,559.02 $0.00 $2,041.03 $364,579.49
235 $364,579.49 $1,559.02 $0.00 $2,061.39 $368,199.90
236 $368,199.90 $1,559.02 $0.00 $2,081.86 $371,840.78
237 $371,840.78 $1,559.02 $0.00 $2,102.44 $375,502.24
238 $375,502.24 $1,559.02 $0.00 $2,123.14 $379,184.40
239 $379,184.40 $1,559.02 $0.00 $2,143.96 $382,887.38
240 $382,887.38 $1,559.02 $0.00 $2,164.90 $386,611.30
241 $386,611.30 $1,559.02 $203,468.01 $2,185.96 $186,888.27
242 $186,888.27 $1,559.02 $0.00 $1,056.69 $189,503.98
243 $189,503.98 $1,559.02 $0.00 $1,071.48 $192,134.48
244 $192,134.48 $1,559.02 $0.00 $1,086.36 $194,779.86
245 $194,779.86 $1,559.02 $0.00 $1,101.31 $197,440.19
246 $197,440.19 $1,559.02 $0.00 $1,116.36 $200,115.57
247 $200,115.57 $1,559.02 $0.00 $1,131.48 $202,806.07
248 $202,806.07 $1,559.02 $0.00 $1,146.70 $205,511.79
249 $205,511.79 $1,559.02 $0.00 $1,161.99 $208,232.80
250 $208,232.80 $1,559.02 $0.00 $1,177.38 $210,969.20
251 $210,969.20 $1,559.02 $0.00 $1,192.85 $213,721.07
252 $213,721.07 $1,559.02 $0.00 $1,208.41 $216,488.50
253 $216,488.50 $0.00 $217,710.77 $1,224.06 $1.79