Savings Plan and Future Cost Estimation for Washington and Lee University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$311,352
Monthly savings required$2,461

How much will it cost to send your child to Washington and Lee University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $1,245,406.58 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $2,460.70 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$82,990.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment4

Current Savings Shortfall

College Savings Calculator

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $2,460.70 $0.00 $0.00 $2,460.70
2 $2,460.70 $2,460.70 $0.00 $13.91 $4,935.31
3 $4,935.31 $2,460.70 $0.00 $27.90 $7,423.91
4 $7,423.91 $2,460.70 $0.00 $41.98 $9,926.59
5 $9,926.59 $2,460.70 $0.00 $56.13 $12,443.42
6 $12,443.42 $2,460.70 $0.00 $70.36 $14,974.48
7 $14,974.48 $2,460.70 $0.00 $84.67 $17,519.85
8 $17,519.85 $2,460.70 $0.00 $99.06 $20,079.61
9 $20,079.61 $2,460.70 $0.00 $113.53 $22,653.84
10 $22,653.84 $2,460.70 $0.00 $128.09 $25,242.63
11 $25,242.63 $2,460.70 $0.00 $142.73 $27,846.06
12 $27,846.06 $2,460.70 $0.00 $157.45 $30,464.21
13 $30,464.21 $2,460.70 $0.00 $172.25 $33,097.16
14 $33,097.16 $2,460.70 $0.00 $187.14 $35,745.00
15 $35,745.00 $2,460.70 $0.00 $202.11 $38,407.81
16 $38,407.81 $2,460.70 $0.00 $217.16 $41,085.67
17 $41,085.67 $2,460.70 $0.00 $232.30 $43,778.67
18 $43,778.67 $2,460.70 $0.00 $247.53 $46,486.90
19 $46,486.90 $2,460.70 $0.00 $262.84 $49,210.44
20 $49,210.44 $2,460.70 $0.00 $278.24 $51,949.38
21 $51,949.38 $2,460.70 $0.00 $293.73 $54,703.81
22 $54,703.81 $2,460.70 $0.00 $309.30 $57,473.81
23 $57,473.81 $2,460.70 $0.00 $324.97 $60,259.48
24 $60,259.48 $2,460.70 $0.00 $340.72 $63,060.90
25 $63,060.90 $2,460.70 $0.00 $356.56 $65,878.16
26 $65,878.16 $2,460.70 $0.00 $372.48 $68,711.34
27 $68,711.34 $2,460.70 $0.00 $388.50 $71,560.54
28 $71,560.54 $2,460.70 $0.00 $404.61 $74,425.85
29 $74,425.85 $2,460.70 $0.00 $420.81 $77,307.36
30 $77,307.36 $2,460.70 $0.00 $437.11 $80,205.17
31 $80,205.17 $2,460.70 $0.00 $453.49 $83,119.36
32 $83,119.36 $2,460.70 $0.00 $469.97 $86,050.03
33 $86,050.03 $2,460.70 $0.00 $486.54 $88,997.27
34 $88,997.27 $2,460.70 $0.00 $503.20 $91,961.17
35 $91,961.17 $2,460.70 $0.00 $519.96 $94,941.83
36 $94,941.83 $2,460.70 $0.00 $536.81 $97,939.34
37 $97,939.34 $2,460.70 $0.00 $553.76 $100,953.80
38 $100,953.80 $2,460.70 $0.00 $570.81 $103,985.31
39 $103,985.31 $2,460.70 $0.00 $587.95 $107,033.96
40 $107,033.96 $2,460.70 $0.00 $605.19 $110,099.85
41 $110,099.85 $2,460.70 $0.00 $622.52 $113,183.07
42 $113,183.07 $2,460.70 $0.00 $639.95 $116,283.72
43 $116,283.72 $2,460.70 $0.00 $657.49 $119,401.91
44 $119,401.91 $2,460.70 $0.00 $675.12 $122,537.73
45 $122,537.73 $2,460.70 $0.00 $692.85 $125,691.28
46 $125,691.28 $2,460.70 $0.00 $710.68 $128,862.66
47 $128,862.66 $2,460.70 $0.00 $728.61 $132,051.97
48 $132,051.97 $2,460.70 $0.00 $746.64 $135,259.31
49 $135,259.31 $2,460.70 $0.00 $764.78 $138,484.79
50 $138,484.79 $2,460.70 $0.00 $783.01 $141,728.50
51 $141,728.50 $2,460.70 $0.00 $801.35 $144,990.55
52 $144,990.55 $2,460.70 $0.00 $819.80 $148,271.05
53 $148,271.05 $2,460.70 $0.00 $838.35 $151,570.10
54 $151,570.10 $2,460.70 $0.00 $857.00 $154,887.80
55 $154,887.80 $2,460.70 $0.00 $875.76 $158,224.26
56 $158,224.26 $2,460.70 $0.00 $894.62 $161,579.58
57 $161,579.58 $2,460.70 $0.00 $913.59 $164,953.87
58 $164,953.87 $2,460.70 $0.00 $932.67 $168,347.24
59 $168,347.24 $2,460.70 $0.00 $951.86 $171,759.80
60 $171,759.80 $2,460.70 $0.00 $971.15 $175,191.65
61 $175,191.65 $2,460.70 $0.00 $990.56 $178,642.91
62 $178,642.91 $2,460.70 $0.00 $1,010.07 $182,113.68
63 $182,113.68 $2,460.70 $0.00 $1,029.70 $185,604.08
64 $185,604.08 $2,460.70 $0.00 $1,049.43 $189,114.21
65 $189,114.21 $2,460.70 $0.00 $1,069.28 $192,644.19
66 $192,644.19 $2,460.70 $0.00 $1,089.24 $196,194.13
67 $196,194.13 $2,460.70 $0.00 $1,109.31 $199,764.14
68 $199,764.14 $2,460.70 $0.00 $1,129.50 $203,354.34
69 $203,354.34 $2,460.70 $0.00 $1,149.80 $206,964.84
70 $206,964.84 $2,460.70 $0.00 $1,170.21 $210,595.75
71 $210,595.75 $2,460.70 $0.00 $1,190.74 $214,247.19
72 $214,247.19 $2,460.70 $0.00 $1,211.38 $217,919.27
73 $217,919.27 $2,460.70 $0.00 $1,232.15 $221,612.12
74 $221,612.12 $2,460.70 $0.00 $1,253.03 $225,325.85
75 $225,325.85 $2,460.70 $0.00 $1,274.03 $229,060.58
76 $229,060.58 $2,460.70 $0.00 $1,295.14 $232,816.42
77 $232,816.42 $2,460.70 $0.00 $1,316.38 $236,593.50
78 $236,593.50 $2,460.70 $0.00 $1,337.73 $240,391.93
79 $240,391.93 $2,460.70 $0.00 $1,359.21 $244,211.84
80 $244,211.84 $2,460.70 $0.00 $1,380.81 $248,053.35
81 $248,053.35 $2,460.70 $0.00 $1,402.53 $251,916.58
82 $251,916.58 $2,460.70 $0.00 $1,424.37 $255,801.65
83 $255,801.65 $2,460.70 $0.00 $1,446.34 $259,708.69
84 $259,708.69 $2,460.70 $0.00 $1,468.43 $263,637.82
85 $263,637.82 $2,460.70 $0.00 $1,490.65 $267,589.17
86 $267,589.17 $2,460.70 $0.00 $1,512.99 $271,562.86
87 $271,562.86 $2,460.70 $0.00 $1,535.46 $275,559.02
88 $275,559.02 $2,460.70 $0.00 $1,558.05 $279,577.77
89 $279,577.77 $2,460.70 $0.00 $1,580.77 $283,619.24
90 $283,619.24 $2,460.70 $0.00 $1,603.62 $287,683.56
91 $287,683.56 $2,460.70 $0.00 $1,626.60 $291,770.86
92 $291,770.86 $2,460.70 $0.00 $1,649.71 $295,881.27
93 $295,881.27 $2,460.70 $0.00 $1,672.96 $300,014.93
94 $300,014.93 $2,460.70 $0.00 $1,696.33 $304,171.96
95 $304,171.96 $2,460.70 $0.00 $1,719.83 $308,352.49
96 $308,352.49 $2,460.70 $0.00 $1,743.47 $312,556.66
97 $312,556.66 $2,460.70 $0.00 $1,767.24 $316,784.60
98 $316,784.60 $2,460.70 $0.00 $1,791.15 $321,036.45
99 $321,036.45 $2,460.70 $0.00 $1,815.19 $325,312.34
100 $325,312.34 $2,460.70 $0.00 $1,839.36 $329,612.40
101 $329,612.40 $2,460.70 $0.00 $1,863.68 $333,936.78
102 $333,936.78 $2,460.70 $0.00 $1,888.13 $338,285.61
103 $338,285.61 $2,460.70 $0.00 $1,912.72 $342,659.03
104 $342,659.03 $2,460.70 $0.00 $1,937.44 $347,057.17
105 $347,057.17 $2,460.70 $0.00 $1,962.31 $351,480.18
106 $351,480.18 $2,460.70 $0.00 $1,987.32 $355,928.20
107 $355,928.20 $2,460.70 $0.00 $2,012.47 $360,401.37
108 $360,401.37 $2,460.70 $0.00 $2,037.76 $364,899.83
109 $364,899.83 $2,460.70 $0.00 $2,063.20 $369,423.73
110 $369,423.73 $2,460.70 $0.00 $2,088.78 $373,973.21
111 $373,973.21 $2,460.70 $0.00 $2,114.50 $378,548.41
112 $378,548.41 $2,460.70 $0.00 $2,140.37 $383,149.48
113 $383,149.48 $2,460.70 $0.00 $2,166.38 $387,776.56
114 $387,776.56 $2,460.70 $0.00 $2,192.55 $392,429.81
115 $392,429.81 $2,460.70 $0.00 $2,218.86 $397,109.37
116 $397,109.37 $2,460.70 $0.00 $2,245.31 $401,815.38
117 $401,815.38 $2,460.70 $0.00 $2,271.92 $406,548.00
118 $406,548.00 $2,460.70 $0.00 $2,298.68 $411,307.38
119 $411,307.38 $2,460.70 $0.00 $2,325.59 $416,093.67
120 $416,093.67 $2,460.70 $0.00 $2,352.65 $420,907.02
121 $420,907.02 $2,460.70 $0.00 $2,379.87 $425,747.59
122 $425,747.59 $2,460.70 $0.00 $2,407.24 $430,615.53
123 $430,615.53 $2,460.70 $0.00 $2,434.76 $435,510.99
124 $435,510.99 $2,460.70 $0.00 $2,462.44 $440,434.13
125 $440,434.13 $2,460.70 $0.00 $2,490.28 $445,385.11
126 $445,385.11 $2,460.70 $0.00 $2,518.27 $450,364.08
127 $450,364.08 $2,460.70 $0.00 $2,546.42 $455,371.20
128 $455,371.20 $2,460.70 $0.00 $2,574.73 $460,406.63
129 $460,406.63 $2,460.70 $0.00 $2,603.21 $465,470.54
130 $465,470.54 $2,460.70 $0.00 $2,631.84 $470,563.08
131 $470,563.08 $2,460.70 $0.00 $2,660.63 $475,684.41
132 $475,684.41 $2,460.70 $0.00 $2,689.59 $480,834.70
133 $480,834.70 $2,460.70 $0.00 $2,718.71 $486,014.11
134 $486,014.11 $2,460.70 $0.00 $2,747.99 $491,222.80
135 $491,222.80 $2,460.70 $0.00 $2,777.45 $496,460.95
136 $496,460.95 $2,460.70 $0.00 $2,807.06 $501,728.71
137 $501,728.71 $2,460.70 $0.00 $2,836.85 $507,026.26
138 $507,026.26 $2,460.70 $0.00 $2,866.80 $512,353.76
139 $512,353.76 $2,460.70 $0.00 $2,896.92 $517,711.38
140 $517,711.38 $2,460.70 $0.00 $2,927.22 $523,099.30
141 $523,099.30 $2,460.70 $0.00 $2,957.68 $528,517.68
142 $528,517.68 $2,460.70 $0.00 $2,988.32 $533,966.70
143 $533,966.70 $2,460.70 $0.00 $3,019.13 $539,446.53
144 $539,446.53 $2,460.70 $0.00 $3,050.11 $544,957.34
145 $544,957.34 $2,460.70 $0.00 $3,081.27 $550,499.31
146 $550,499.31 $2,460.70 $0.00 $3,112.60 $556,072.61
147 $556,072.61 $2,460.70 $0.00 $3,144.12 $561,677.43
148 $561,677.43 $2,460.70 $0.00 $3,175.81 $567,313.94
149 $567,313.94 $2,460.70 $0.00 $3,207.68 $572,982.32
150 $572,982.32 $2,460.70 $0.00 $3,239.73 $578,682.75
151 $578,682.75 $2,460.70 $0.00 $3,271.96 $584,415.41
152 $584,415.41 $2,460.70 $0.00 $3,304.37 $590,180.48
153 $590,180.48 $2,460.70 $0.00 $3,336.97 $595,978.15
154 $595,978.15 $2,460.70 $0.00 $3,369.75 $601,808.60
155 $601,808.60 $2,460.70 $0.00 $3,402.71 $607,672.01
156 $607,672.01 $2,460.70 $0.00 $3,435.87 $613,568.58
157 $613,568.58 $2,460.70 $0.00 $3,469.21 $619,498.49
158 $619,498.49 $2,460.70 $0.00 $3,502.73 $625,461.92
159 $625,461.92 $2,460.70 $0.00 $3,536.45 $631,459.07
160 $631,459.07 $2,460.70 $0.00 $3,570.36 $637,490.13
161 $637,490.13 $2,460.70 $0.00 $3,604.46 $643,555.29
162 $643,555.29 $2,460.70 $0.00 $3,638.76 $649,654.75
163 $649,654.75 $2,460.70 $0.00 $3,673.24 $655,788.69
164 $655,788.69 $2,460.70 $0.00 $3,707.92 $661,957.31
165 $661,957.31 $2,460.70 $0.00 $3,742.80 $668,160.81
166 $668,160.81 $2,460.70 $0.00 $3,777.88 $674,399.39
167 $674,399.39 $2,460.70 $0.00 $3,813.15 $680,673.24
168 $680,673.24 $2,460.70 $0.00 $3,848.63 $686,982.57
169 $686,982.57 $2,460.70 $0.00 $3,884.30 $693,327.57
170 $693,327.57 $2,460.70 $0.00 $3,920.17 $699,708.44
171 $699,708.44 $2,460.70 $0.00 $3,956.25 $706,125.39
172 $706,125.39 $2,460.70 $0.00 $3,992.54 $712,578.63
173 $712,578.63 $2,460.70 $0.00 $4,029.02 $719,068.35
174 $719,068.35 $2,460.70 $0.00 $4,065.72 $725,594.77
175 $725,594.77 $2,460.70 $0.00 $4,102.62 $732,158.09
176 $732,158.09 $2,460.70 $0.00 $4,139.73 $738,758.52
177 $738,758.52 $2,460.70 $0.00 $4,177.05 $745,396.27
178 $745,396.27 $2,460.70 $0.00 $4,214.58 $752,071.55
179 $752,071.55 $2,460.70 $0.00 $4,252.32 $758,784.57
180 $758,784.57 $2,460.70 $0.00 $4,290.28 $765,535.55
181 $765,535.55 $2,460.70 $0.00 $4,328.45 $772,324.70
182 $772,324.70 $2,460.70 $0.00 $4,366.84 $779,152.24
183 $779,152.24 $2,460.70 $0.00 $4,405.44 $786,018.38
184 $786,018.38 $2,460.70 $0.00 $4,444.26 $792,923.34
185 $792,923.34 $2,460.70 $0.00 $4,483.30 $799,867.34
186 $799,867.34 $2,460.70 $0.00 $4,522.57 $806,850.61
187 $806,850.61 $2,460.70 $0.00 $4,562.05 $813,873.36
188 $813,873.36 $2,460.70 $0.00 $4,601.76 $820,935.82
189 $820,935.82 $2,460.70 $0.00 $4,641.69 $828,038.21
190 $828,038.21 $2,460.70 $0.00 $4,681.85 $835,180.76
191 $835,180.76 $2,460.70 $0.00 $4,722.23 $842,363.69
192 $842,363.69 $2,460.70 $0.00 $4,762.85 $849,587.24
193 $849,587.24 $2,460.70 $0.00 $4,803.69 $856,851.63
194 $856,851.63 $2,460.70 $0.00 $4,844.76 $864,157.09
195 $864,157.09 $2,460.70 $0.00 $4,886.07 $871,503.86
196 $871,503.86 $2,460.70 $0.00 $4,927.61 $878,892.17
197 $878,892.17 $2,460.70 $0.00 $4,969.38 $886,322.25
198 $886,322.25 $2,460.70 $0.00 $5,011.39 $893,794.34
199 $893,794.34 $2,460.70 $0.00 $5,053.64 $901,308.68
200 $901,308.68 $2,460.70 $0.00 $5,096.13 $908,865.51
201 $908,865.51 $2,460.70 $0.00 $5,138.86 $916,465.07
202 $916,465.07 $2,460.70 $0.00 $5,181.83 $924,107.60
203 $924,107.60 $2,460.70 $0.00 $5,225.04 $931,793.34
204 $931,793.34 $2,460.70 $0.00 $5,268.50 $939,522.54
205 $939,522.54 $2,460.70 $0.00 $5,312.20 $947,295.44
206 $947,295.44 $2,460.70 $0.00 $5,356.15 $955,112.29
207 $955,112.29 $2,460.70 $0.00 $5,400.34 $962,973.33
208 $962,973.33 $2,460.70 $0.00 $5,444.79 $970,878.82
209 $970,878.82 $2,460.70 $0.00 $5,489.49 $978,829.01
210 $978,829.01 $2,460.70 $0.00 $5,534.44 $986,824.15
211 $986,824.15 $2,460.70 $0.00 $5,579.65 $994,864.50
212 $994,864.50 $2,460.70 $0.00 $5,625.11 $1,002,950.31
213 $1,002,950.31 $2,460.70 $0.00 $5,670.83 $1,011,081.84
214 $1,011,081.84 $2,460.70 $0.00 $5,716.80 $1,019,259.34
215 $1,019,259.34 $2,460.70 $0.00 $5,763.04 $1,027,483.08
216 $1,027,483.08 $2,460.70 $0.00 $5,809.54 $1,035,753.32
217 $1,035,753.32 $2,460.70 $280,500.58 $5,856.30 $763,569.74
218 $763,569.74 $2,460.70 $0.00 $4,317.33 $770,347.77
219 $770,347.77 $2,460.70 $0.00 $4,355.66 $777,164.13
220 $777,164.13 $2,460.70 $0.00 $4,394.20 $784,019.03
221 $784,019.03 $2,460.70 $0.00 $4,432.96 $790,912.69
222 $790,912.69 $2,460.70 $0.00 $4,471.94 $797,845.33
223 $797,845.33 $2,460.70 $0.00 $4,511.13 $804,817.16
224 $804,817.16 $2,460.70 $0.00 $4,550.55 $811,828.41
225 $811,828.41 $2,460.70 $0.00 $4,590.20 $818,879.31
226 $818,879.31 $2,460.70 $0.00 $4,630.06 $825,970.07
227 $825,970.07 $2,460.70 $0.00 $4,670.15 $833,100.92
228 $833,100.92 $2,460.70 $0.00 $4,710.47 $840,272.09
229 $840,272.09 $2,460.70 $300,135.62 $4,751.02 $547,348.19
230 $547,348.19 $2,460.70 $0.00 $3,094.79 $552,903.68
231 $552,903.68 $2,460.70 $0.00 $3,126.20 $558,490.58
232 $558,490.58 $2,460.70 $0.00 $3,157.79 $564,109.07
233 $564,109.07 $2,460.70 $0.00 $3,189.55 $569,759.32
234 $569,759.32 $2,460.70 $0.00 $3,221.50 $575,441.52
235 $575,441.52 $2,460.70 $0.00 $3,253.63 $581,155.85
236 $581,155.85 $2,460.70 $0.00 $3,285.94 $586,902.49
237 $586,902.49 $2,460.70 $0.00 $3,318.43 $592,681.62
238 $592,681.62 $2,460.70 $0.00 $3,351.11 $598,493.43
239 $598,493.43 $2,460.70 $0.00 $3,383.97 $604,338.10
240 $604,338.10 $2,460.70 $0.00 $3,417.02 $610,215.82
241 $610,215.82 $2,460.70 $321,145.11 $3,450.25 $294,981.66
242 $294,981.66 $2,460.70 $0.00 $1,667.87 $299,110.23
243 $299,110.23 $2,460.70 $0.00 $1,691.21 $303,262.14
244 $303,262.14 $2,460.70 $0.00 $1,714.69 $307,437.53
245 $307,437.53 $2,460.70 $0.00 $1,738.30 $311,636.53
246 $311,636.53 $2,460.70 $0.00 $1,762.04 $315,859.27
247 $315,859.27 $2,460.70 $0.00 $1,785.91 $320,105.88
248 $320,105.88 $2,460.70 $0.00 $1,809.93 $324,376.51
249 $324,376.51 $2,460.70 $0.00 $1,834.07 $328,671.28
250 $328,671.28 $2,460.70 $0.00 $1,858.36 $332,990.34
251 $332,990.34 $2,460.70 $0.00 $1,882.78 $337,333.82
252 $337,333.82 $2,460.70 $0.00 $1,907.33 $341,701.85
253 $341,701.85 $0.00 $343,625.27 $1,932.03 $8.61