Savings Plan and Future Cost Estimation for Ohio Valley University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2039$85,265
Monthly savings required$675

How much will it cost to send your child to Ohio Valley University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $341,058.64 for students enrolling in 2039 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $674.94 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$32,880.00
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 $674.94 $0.00 $0.00 $674.94
2 $674.94 $674.94 $0.00 $3.82 $1,353.70
3 $1,353.70 $674.94 $0.00 $7.65 $2,036.29
4 $2,036.29 $674.94 $0.00 $11.51 $2,722.74
5 $2,722.74 $674.94 $0.00 $15.39 $3,413.07
6 $3,413.07 $674.94 $0.00 $19.30 $4,107.31
7 $4,107.31 $674.94 $0.00 $23.22 $4,805.47
8 $4,805.47 $674.94 $0.00 $27.17 $5,507.58
9 $5,507.58 $674.94 $0.00 $31.14 $6,213.66
10 $6,213.66 $674.94 $0.00 $35.13 $6,923.73
11 $6,923.73 $674.94 $0.00 $39.15 $7,637.82
12 $7,637.82 $674.94 $0.00 $43.19 $8,355.95
13 $8,355.95 $674.94 $0.00 $47.25 $9,078.14
14 $9,078.14 $674.94 $0.00 $51.33 $9,804.41
15 $9,804.41 $674.94 $0.00 $55.44 $10,534.79
16 $10,534.79 $674.94 $0.00 $59.57 $11,269.30
17 $11,269.30 $674.94 $0.00 $63.72 $12,007.96
18 $12,007.96 $674.94 $0.00 $67.89 $12,750.79
19 $12,750.79 $674.94 $0.00 $72.09 $13,497.82
20 $13,497.82 $674.94 $0.00 $76.32 $14,249.08
21 $14,249.08 $674.94 $0.00 $80.57 $15,004.59
22 $15,004.59 $674.94 $0.00 $84.84 $15,764.37
23 $15,764.37 $674.94 $0.00 $89.13 $16,528.44
24 $16,528.44 $674.94 $0.00 $93.45 $17,296.83
25 $17,296.83 $674.94 $0.00 $97.80 $18,069.57
26 $18,069.57 $674.94 $0.00 $102.17 $18,846.68
27 $18,846.68 $674.94 $0.00 $106.56 $19,628.18
28 $19,628.18 $674.94 $0.00 $110.98 $20,414.10
29 $20,414.10 $674.94 $0.00 $115.42 $21,204.46
30 $21,204.46 $674.94 $0.00 $119.89 $21,999.29
31 $21,999.29 $674.94 $0.00 $124.39 $22,798.62
32 $22,798.62 $674.94 $0.00 $128.91 $23,602.47
33 $23,602.47 $674.94 $0.00 $133.45 $24,410.86
34 $24,410.86 $674.94 $0.00 $138.02 $25,223.82
35 $25,223.82 $674.94 $0.00 $142.62 $26,041.38
36 $26,041.38 $674.94 $0.00 $147.24 $26,863.56
37 $26,863.56 $674.94 $0.00 $151.89 $27,690.39
38 $27,690.39 $674.94 $0.00 $156.57 $28,521.90
39 $28,521.90 $674.94 $0.00 $161.27 $29,358.11
40 $29,358.11 $674.94 $0.00 $166.00 $30,199.05
41 $30,199.05 $674.94 $0.00 $170.75 $31,044.74
42 $31,044.74 $674.94 $0.00 $175.53 $31,895.21
43 $31,895.21 $674.94 $0.00 $180.34 $32,750.49
44 $32,750.49 $674.94 $0.00 $185.18 $33,610.61
45 $33,610.61 $674.94 $0.00 $190.04 $34,475.59
46 $34,475.59 $674.94 $0.00 $194.93 $35,345.46
47 $35,345.46 $674.94 $0.00 $199.85 $36,220.25
48 $36,220.25 $674.94 $0.00 $204.79 $37,099.98
49 $37,099.98 $674.94 $0.00 $209.77 $37,984.69
50 $37,984.69 $674.94 $0.00 $214.77 $38,874.40
51 $38,874.40 $674.94 $0.00 $219.80 $39,769.14
52 $39,769.14 $674.94 $0.00 $224.86 $40,668.94
53 $40,668.94 $674.94 $0.00 $229.95 $41,573.83
54 $41,573.83 $674.94 $0.00 $235.06 $42,483.83
55 $42,483.83 $674.94 $0.00 $240.21 $43,398.98
56 $43,398.98 $674.94 $0.00 $245.38 $44,319.30
57 $44,319.30 $674.94 $0.00 $250.59 $45,244.83
58 $45,244.83 $674.94 $0.00 $255.82 $46,175.59
59 $46,175.59 $674.94 $0.00 $261.08 $47,111.61
60 $47,111.61 $674.94 $0.00 $266.38 $48,052.93
61 $48,052.93 $674.94 $0.00 $271.70 $48,999.57
62 $48,999.57 $674.94 $0.00 $277.05 $49,951.56
63 $49,951.56 $674.94 $0.00 $282.43 $50,908.93
64 $50,908.93 $674.94 $0.00 $287.85 $51,871.72
65 $51,871.72 $674.94 $0.00 $293.29 $52,839.95
66 $52,839.95 $674.94 $0.00 $298.76 $53,813.65
67 $53,813.65 $674.94 $0.00 $304.27 $54,792.86
68 $54,792.86 $674.94 $0.00 $309.81 $55,777.61
69 $55,777.61 $674.94 $0.00 $315.37 $56,767.92
70 $56,767.92 $674.94 $0.00 $320.97 $57,763.83
71 $57,763.83 $674.94 $0.00 $326.61 $58,765.38
72 $58,765.38 $674.94 $0.00 $332.27 $59,772.59
73 $59,772.59 $674.94 $0.00 $337.96 $60,785.49
74 $60,785.49 $674.94 $0.00 $343.69 $61,804.12
75 $61,804.12 $674.94 $0.00 $349.45 $62,828.51
76 $62,828.51 $674.94 $0.00 $355.24 $63,858.69
77 $63,858.69 $674.94 $0.00 $361.07 $64,894.70
78 $64,894.70 $674.94 $0.00 $366.92 $65,936.56
79 $65,936.56 $674.94 $0.00 $372.81 $66,984.31
80 $66,984.31 $674.94 $0.00 $378.74 $68,037.99
81 $68,037.99 $674.94 $0.00 $384.70 $69,097.63
82 $69,097.63 $674.94 $0.00 $390.69 $70,163.26
83 $70,163.26 $674.94 $0.00 $396.71 $71,234.91
84 $71,234.91 $674.94 $0.00 $402.77 $72,312.62
85 $72,312.62 $674.94 $0.00 $408.87 $73,396.43
86 $73,396.43 $674.94 $0.00 $414.99 $74,486.36
87 $74,486.36 $674.94 $0.00 $421.16 $75,582.46
88 $75,582.46 $674.94 $0.00 $427.35 $76,684.75
89 $76,684.75 $674.94 $0.00 $433.59 $77,793.28
90 $77,793.28 $674.94 $0.00 $439.85 $78,908.07
91 $78,908.07 $674.94 $0.00 $446.16 $80,029.17
92 $80,029.17 $674.94 $0.00 $452.50 $81,156.61
93 $81,156.61 $674.94 $0.00 $458.87 $82,290.42
94 $82,290.42 $674.94 $0.00 $465.28 $83,430.64
95 $83,430.64 $674.94 $0.00 $471.73 $84,577.31
96 $84,577.31 $674.94 $0.00 $478.21 $85,730.46
97 $85,730.46 $674.94 $0.00 $484.73 $86,890.13
98 $86,890.13 $674.94 $0.00 $491.29 $88,056.36
99 $88,056.36 $674.94 $0.00 $497.88 $89,229.18
100 $89,229.18 $674.94 $0.00 $504.51 $90,408.63
101 $90,408.63 $674.94 $0.00 $511.18 $91,594.75
102 $91,594.75 $674.94 $0.00 $517.89 $92,787.58
103 $92,787.58 $674.94 $0.00 $524.63 $93,987.15
104 $93,987.15 $674.94 $0.00 $531.42 $95,193.51
105 $95,193.51 $674.94 $0.00 $538.24 $96,406.69
106 $96,406.69 $674.94 $0.00 $545.10 $97,626.73
107 $97,626.73 $674.94 $0.00 $552.00 $98,853.67
108 $98,853.67 $674.94 $0.00 $558.93 $100,087.54
109 $100,087.54 $674.94 $0.00 $565.91 $101,328.39
110 $101,328.39 $674.94 $0.00 $572.93 $102,576.26
111 $102,576.26 $674.94 $0.00 $579.98 $103,831.18
112 $103,831.18 $674.94 $0.00 $587.08 $105,093.20
113 $105,093.20 $674.94 $0.00 $594.21 $106,362.35
114 $106,362.35 $674.94 $0.00 $601.39 $107,638.68
115 $107,638.68 $674.94 $0.00 $608.60 $108,922.22
116 $108,922.22 $674.94 $0.00 $615.86 $110,213.02
117 $110,213.02 $674.94 $0.00 $623.16 $111,511.12
118 $111,511.12 $674.94 $0.00 $630.50 $112,816.56
119 $112,816.56 $674.94 $0.00 $637.88 $114,129.38
120 $114,129.38 $674.94 $0.00 $645.30 $115,449.62
121 $115,449.62 $674.94 $0.00 $652.77 $116,777.33
122 $116,777.33 $674.94 $0.00 $660.28 $118,112.55
123 $118,112.55 $674.94 $0.00 $667.83 $119,455.32
124 $119,455.32 $674.94 $0.00 $675.42 $120,805.68
125 $120,805.68 $674.94 $0.00 $683.05 $122,163.67
126 $122,163.67 $674.94 $0.00 $690.73 $123,529.34
127 $123,529.34 $674.94 $0.00 $698.45 $124,902.73
128 $124,902.73 $674.94 $0.00 $706.22 $126,283.89
129 $126,283.89 $674.94 $0.00 $714.03 $127,672.86
130 $127,672.86 $674.94 $0.00 $721.88 $129,069.68
131 $129,069.68 $674.94 $0.00 $729.78 $130,474.40
132 $130,474.40 $674.94 $0.00 $737.72 $131,887.06
133 $131,887.06 $674.94 $0.00 $745.71 $133,307.71
134 $133,307.71 $674.94 $0.00 $753.74 $134,736.39
135 $134,736.39 $674.94 $0.00 $761.82 $136,173.15
136 $136,173.15 $674.94 $0.00 $769.94 $137,618.03
137 $137,618.03 $674.94 $0.00 $778.11 $139,071.08
138 $139,071.08 $674.94 $0.00 $786.33 $140,532.35
139 $140,532.35 $674.94 $0.00 $794.59 $142,001.88
140 $142,001.88 $674.94 $0.00 $802.90 $143,479.72
141 $143,479.72 $674.94 $0.00 $811.26 $144,965.92
142 $144,965.92 $674.94 $0.00 $819.66 $146,460.52
143 $146,460.52 $674.94 $0.00 $828.11 $147,963.57
144 $147,963.57 $674.94 $0.00 $836.61 $149,475.12
145 $149,475.12 $674.94 $0.00 $845.15 $150,995.21
146 $150,995.21 $674.94 $0.00 $853.75 $152,523.90
147 $152,523.90 $674.94 $0.00 $862.39 $154,061.23
148 $154,061.23 $674.94 $0.00 $871.08 $155,607.25
149 $155,607.25 $674.94 $0.00 $879.83 $157,162.02
150 $157,162.02 $674.94 $0.00 $888.62 $158,725.58
151 $158,725.58 $674.94 $0.00 $897.46 $160,297.98
152 $160,297.98 $674.94 $0.00 $906.35 $161,879.27
153 $161,879.27 $674.94 $0.00 $915.29 $163,469.50
154 $163,469.50 $674.94 $0.00 $924.28 $165,068.72
155 $165,068.72 $674.94 $0.00 $933.32 $166,676.98
156 $166,676.98 $674.94 $0.00 $942.42 $168,294.34
157 $168,294.34 $674.94 $0.00 $951.56 $169,920.84
158 $169,920.84 $674.94 $0.00 $960.76 $171,556.54
159 $171,556.54 $674.94 $0.00 $970.01 $173,201.49
160 $173,201.49 $674.94 $0.00 $979.31 $174,855.74
161 $174,855.74 $674.94 $0.00 $988.66 $176,519.34
162 $176,519.34 $674.94 $0.00 $998.07 $178,192.35
163 $178,192.35 $674.94 $0.00 $1,007.53 $179,874.82
164 $179,874.82 $674.94 $0.00 $1,017.04 $181,566.80
165 $181,566.80 $674.94 $0.00 $1,026.61 $183,268.35
166 $183,268.35 $674.94 $0.00 $1,036.23 $184,979.52
167 $184,979.52 $674.94 $0.00 $1,045.90 $186,700.36
168 $186,700.36 $674.94 $0.00 $1,055.63 $188,430.93
169 $188,430.93 $674.94 $0.00 $1,065.42 $190,171.29
170 $190,171.29 $674.94 $0.00 $1,075.26 $191,921.49
171 $191,921.49 $674.94 $0.00 $1,085.15 $193,681.58
172 $193,681.58 $674.94 $0.00 $1,095.10 $195,451.62
173 $195,451.62 $674.94 $0.00 $1,105.11 $197,231.67
174 $197,231.67 $674.94 $0.00 $1,115.18 $199,021.79
175 $199,021.79 $674.94 $0.00 $1,125.30 $200,822.03
176 $200,822.03 $674.94 $0.00 $1,135.48 $202,632.45
177 $202,632.45 $674.94 $0.00 $1,145.71 $204,453.10
178 $204,453.10 $674.94 $0.00 $1,156.01 $206,284.05
179 $206,284.05 $674.94 $0.00 $1,166.36 $208,125.35
180 $208,125.35 $674.94 $0.00 $1,176.77 $209,977.06
181 $209,977.06 $674.94 $0.00 $1,187.24 $211,839.24
182 $211,839.24 $674.94 $0.00 $1,197.77 $213,711.95
183 $213,711.95 $674.94 $0.00 $1,208.36 $215,595.25
184 $215,595.25 $674.94 $0.00 $1,219.01 $217,489.20
185 $217,489.20 $674.94 $0.00 $1,229.72 $219,393.86
186 $219,393.86 $674.94 $0.00 $1,240.48 $221,309.28
187 $221,309.28 $674.94 $0.00 $1,251.31 $223,235.53
188 $223,235.53 $674.94 $0.00 $1,262.21 $225,172.68
189 $225,172.68 $674.94 $0.00 $1,273.16 $227,120.78
190 $227,120.78 $674.94 $0.00 $1,284.17 $229,079.89
191 $229,079.89 $674.94 $0.00 $1,295.25 $231,050.08
192 $231,050.08 $674.94 $0.00 $1,306.39 $233,031.41
193 $233,031.41 $674.94 $0.00 $1,317.59 $235,023.94
194 $235,023.94 $674.94 $0.00 $1,328.86 $237,027.74
195 $237,027.74 $674.94 $0.00 $1,340.19 $239,042.87
196 $239,042.87 $674.94 $0.00 $1,351.58 $241,069.39
197 $241,069.39 $674.94 $0.00 $1,363.04 $243,107.37
198 $243,107.37 $674.94 $0.00 $1,374.56 $245,156.87
199 $245,156.87 $674.94 $0.00 $1,386.15 $247,217.96
200 $247,217.96 $674.94 $0.00 $1,397.81 $249,290.71
201 $249,290.71 $674.94 $0.00 $1,409.53 $251,375.18
202 $251,375.18 $674.94 $0.00 $1,421.31 $253,471.43
203 $253,471.43 $674.94 $0.00 $1,433.16 $255,579.53
204 $255,579.53 $674.94 $0.00 $1,445.08 $257,699.55
205 $257,699.55 $674.94 $0.00 $1,457.07 $259,831.56
206 $259,831.56 $674.94 $0.00 $1,469.13 $261,975.63
207 $261,975.63 $674.94 $0.00 $1,481.25 $264,131.82
208 $264,131.82 $674.94 $0.00 $1,493.44 $266,300.20
209 $266,300.20 $674.94 $0.00 $1,505.70 $268,480.84
210 $268,480.84 $674.94 $0.00 $1,518.03 $270,673.81
211 $270,673.81 $674.94 $0.00 $1,530.43 $272,879.18
212 $272,879.18 $674.94 $0.00 $1,542.90 $275,097.02
213 $275,097.02 $674.94 $0.00 $1,555.44 $277,327.40
214 $277,327.40 $674.94 $0.00 $1,568.05 $279,570.39
215 $279,570.39 $674.94 $0.00 $1,580.73 $281,826.06
216 $281,826.06 $674.94 $0.00 $1,593.49 $284,094.49
217 $284,094.49 $674.94 $79,129.64 $1,606.31 $207,246.10
218 $207,246.10 $674.94 $0.00 $1,171.80 $209,092.84
219 $209,092.84 $674.94 $0.00 $1,182.24 $210,950.02
220 $210,950.02 $674.94 $0.00 $1,192.74 $212,817.70
221 $212,817.70 $674.94 $0.00 $1,203.30 $214,695.94
222 $214,695.94 $674.94 $0.00 $1,213.92 $216,584.80
223 $216,584.80 $674.94 $0.00 $1,224.60 $218,484.34
224 $218,484.34 $674.94 $0.00 $1,235.34 $220,394.62
225 $220,394.62 $674.94 $0.00 $1,246.14 $222,315.70
226 $222,315.70 $674.94 $0.00 $1,257.01 $224,247.65
227 $224,247.65 $674.94 $0.00 $1,267.93 $226,190.52
228 $226,190.52 $674.94 $0.00 $1,278.91 $228,144.37
229 $228,144.37 $674.94 $83,086.12 $1,289.96 $147,023.15
230 $147,023.15 $674.94 $0.00 $831.29 $148,529.38
231 $148,529.38 $674.94 $0.00 $839.81 $150,044.13
232 $150,044.13 $674.94 $0.00 $848.37 $151,567.44
233 $151,567.44 $674.94 $0.00 $856.98 $153,099.36
234 $153,099.36 $674.94 $0.00 $865.65 $154,639.95
235 $154,639.95 $674.94 $0.00 $874.36 $156,189.25
236 $156,189.25 $674.94 $0.00 $883.12 $157,747.31
237 $157,747.31 $674.94 $0.00 $891.93 $159,314.18
238 $159,314.18 $674.94 $0.00 $900.79 $160,889.91
239 $160,889.91 $674.94 $0.00 $909.69 $162,474.54
240 $162,474.54 $674.94 $0.00 $918.65 $164,068.13
241 $164,068.13 $674.94 $87,240.43 $927.67 $78,430.31
242 $78,430.31 $674.94 $0.00 $443.46 $79,548.71
243 $79,548.71 $674.94 $0.00 $449.78 $80,673.43
244 $80,673.43 $674.94 $0.00 $456.14 $81,804.51
245 $81,804.51 $674.94 $0.00 $462.53 $82,941.98
246 $82,941.98 $674.94 $0.00 $468.97 $84,085.89
247 $84,085.89 $674.94 $0.00 $475.43 $85,236.26
248 $85,236.26 $674.94 $0.00 $481.94 $86,393.14
249 $86,393.14 $674.94 $0.00 $488.48 $87,556.56
250 $87,556.56 $674.94 $0.00 $495.06 $88,726.56
251 $88,726.56 $674.94 $0.00 $501.67 $89,903.17
252 $89,903.17 $674.94 $0.00 $508.33 $91,086.44
253 $91,086.44 $0.00 $91,602.45 $515.02 ($0.99)