Savings Plan and Future Cost Estimation for West Virginia State University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$65,064
Monthly savings required$515

How much will it cost to send your child to West Virginia State University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $260,254.30 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $515.05 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$25,090.00
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 $515.05 $0.00 $0.00 $515.05
2 $515.05 $515.05 $0.00 $2.91 $1,033.01
3 $1,033.01 $515.05 $0.00 $5.84 $1,553.90
4 $1,553.90 $515.05 $0.00 $8.79 $2,077.74
5 $2,077.74 $515.05 $0.00 $11.75 $2,604.54
6 $2,604.54 $515.05 $0.00 $14.73 $3,134.32
7 $3,134.32 $515.05 $0.00 $17.72 $3,667.09
8 $3,667.09 $515.05 $0.00 $20.73 $4,202.87
9 $4,202.87 $515.05 $0.00 $23.76 $4,741.68
10 $4,741.68 $515.05 $0.00 $26.81 $5,283.54
11 $5,283.54 $515.05 $0.00 $29.87 $5,828.46
12 $5,828.46 $515.05 $0.00 $32.95 $6,376.46
13 $6,376.46 $515.05 $0.00 $36.05 $6,927.56
14 $6,927.56 $515.05 $0.00 $39.17 $7,481.78
15 $7,481.78 $515.05 $0.00 $42.30 $8,039.13
16 $8,039.13 $515.05 $0.00 $45.45 $8,599.63
17 $8,599.63 $515.05 $0.00 $48.62 $9,163.30
18 $9,163.30 $515.05 $0.00 $51.81 $9,730.16
19 $9,730.16 $515.05 $0.00 $55.02 $10,300.23
20 $10,300.23 $515.05 $0.00 $58.24 $10,873.52
21 $10,873.52 $515.05 $0.00 $61.48 $11,450.05
22 $11,450.05 $515.05 $0.00 $64.74 $12,029.84
23 $12,029.84 $515.05 $0.00 $68.02 $12,612.91
24 $12,612.91 $515.05 $0.00 $71.32 $13,199.28
25 $13,199.28 $515.05 $0.00 $74.63 $13,788.96
26 $13,788.96 $515.05 $0.00 $77.96 $14,381.97
27 $14,381.97 $515.05 $0.00 $81.32 $14,978.34
28 $14,978.34 $515.05 $0.00 $84.69 $15,578.08
29 $15,578.08 $515.05 $0.00 $88.08 $16,181.21
30 $16,181.21 $515.05 $0.00 $91.49 $16,787.75
31 $16,787.75 $515.05 $0.00 $94.92 $17,397.72
32 $17,397.72 $515.05 $0.00 $98.37 $18,011.14
33 $18,011.14 $515.05 $0.00 $101.84 $18,628.03
34 $18,628.03 $515.05 $0.00 $105.33 $19,248.41
35 $19,248.41 $515.05 $0.00 $108.83 $19,872.29
36 $19,872.29 $515.05 $0.00 $112.36 $20,499.70
37 $20,499.70 $515.05 $0.00 $115.91 $21,130.66
38 $21,130.66 $515.05 $0.00 $119.48 $21,765.19
39 $21,765.19 $515.05 $0.00 $123.06 $22,403.30
40 $22,403.30 $515.05 $0.00 $126.67 $23,045.02
41 $23,045.02 $515.05 $0.00 $130.30 $23,690.37
42 $23,690.37 $515.05 $0.00 $133.95 $24,339.37
43 $24,339.37 $515.05 $0.00 $137.62 $24,992.04
44 $24,992.04 $515.05 $0.00 $141.31 $25,648.40
45 $25,648.40 $515.05 $0.00 $145.02 $26,308.47
46 $26,308.47 $515.05 $0.00 $148.75 $26,972.27
47 $26,972.27 $515.05 $0.00 $152.51 $27,639.83
48 $27,639.83 $515.05 $0.00 $156.28 $28,311.16
49 $28,311.16 $515.05 $0.00 $160.08 $28,986.29
50 $28,986.29 $515.05 $0.00 $163.89 $29,665.23
51 $29,665.23 $515.05 $0.00 $167.73 $30,348.01
52 $30,348.01 $515.05 $0.00 $171.59 $31,034.65
53 $31,034.65 $515.05 $0.00 $175.47 $31,725.17
54 $31,725.17 $515.05 $0.00 $179.38 $32,419.60
55 $32,419.60 $515.05 $0.00 $183.31 $33,117.96
56 $33,117.96 $515.05 $0.00 $187.25 $33,820.26
57 $33,820.26 $515.05 $0.00 $191.22 $34,526.53
58 $34,526.53 $515.05 $0.00 $195.22 $35,236.80
59 $35,236.80 $515.05 $0.00 $199.23 $35,951.08
60 $35,951.08 $515.05 $0.00 $203.27 $36,669.40
61 $36,669.40 $515.05 $0.00 $207.33 $37,391.78
62 $37,391.78 $515.05 $0.00 $211.42 $38,118.25
63 $38,118.25 $515.05 $0.00 $215.53 $38,848.83
64 $38,848.83 $515.05 $0.00 $219.66 $39,583.54
65 $39,583.54 $515.05 $0.00 $223.81 $40,322.40
66 $40,322.40 $515.05 $0.00 $227.99 $41,065.44
67 $41,065.44 $515.05 $0.00 $232.19 $41,812.68
68 $41,812.68 $515.05 $0.00 $236.41 $42,564.14
69 $42,564.14 $515.05 $0.00 $240.66 $43,319.85
70 $43,319.85 $515.05 $0.00 $244.94 $44,079.84
71 $44,079.84 $515.05 $0.00 $249.23 $44,844.12
72 $44,844.12 $515.05 $0.00 $253.56 $45,612.73
73 $45,612.73 $515.05 $0.00 $257.90 $46,385.68
74 $46,385.68 $515.05 $0.00 $262.27 $47,163.00
75 $47,163.00 $515.05 $0.00 $266.67 $47,944.72
76 $47,944.72 $515.05 $0.00 $271.09 $48,730.86
77 $48,730.86 $515.05 $0.00 $275.53 $49,521.44
78 $49,521.44 $515.05 $0.00 $280.00 $50,316.49
79 $50,316.49 $515.05 $0.00 $284.50 $51,116.04
80 $51,116.04 $515.05 $0.00 $289.02 $51,920.11
81 $51,920.11 $515.05 $0.00 $293.56 $52,728.72
82 $52,728.72 $515.05 $0.00 $298.14 $53,541.91
83 $53,541.91 $515.05 $0.00 $302.73 $54,359.69
84 $54,359.69 $515.05 $0.00 $307.36 $55,182.10
85 $55,182.10 $515.05 $0.00 $312.01 $56,009.16
86 $56,009.16 $515.05 $0.00 $316.68 $56,840.89
87 $56,840.89 $515.05 $0.00 $321.39 $57,677.33
88 $57,677.33 $515.05 $0.00 $326.12 $58,518.50
89 $58,518.50 $515.05 $0.00 $330.87 $59,364.42
90 $59,364.42 $515.05 $0.00 $335.66 $60,215.13
91 $60,215.13 $515.05 $0.00 $340.47 $61,070.65
92 $61,070.65 $515.05 $0.00 $345.30 $61,931.00
93 $61,931.00 $515.05 $0.00 $350.17 $62,796.22
94 $62,796.22 $515.05 $0.00 $355.06 $63,666.33
95 $63,666.33 $515.05 $0.00 $359.98 $64,541.36
96 $64,541.36 $515.05 $0.00 $364.93 $65,421.34
97 $65,421.34 $515.05 $0.00 $369.90 $66,306.29
98 $66,306.29 $515.05 $0.00 $374.91 $67,196.25
99 $67,196.25 $515.05 $0.00 $379.94 $68,091.24
100 $68,091.24 $515.05 $0.00 $385.00 $68,991.29
101 $68,991.29 $515.05 $0.00 $390.09 $69,896.43
102 $69,896.43 $515.05 $0.00 $395.20 $70,806.68
103 $70,806.68 $515.05 $0.00 $400.35 $71,722.08
104 $71,722.08 $515.05 $0.00 $405.53 $72,642.66
105 $72,642.66 $515.05 $0.00 $410.73 $73,568.44
106 $73,568.44 $515.05 $0.00 $415.97 $74,499.46
107 $74,499.46 $515.05 $0.00 $421.23 $75,435.74
108 $75,435.74 $515.05 $0.00 $426.52 $76,377.31
109 $76,377.31 $515.05 $0.00 $431.85 $77,324.21
110 $77,324.21 $515.05 $0.00 $437.20 $78,276.46
111 $78,276.46 $515.05 $0.00 $442.59 $79,234.10
112 $79,234.10 $515.05 $0.00 $448.00 $80,197.15
113 $80,197.15 $515.05 $0.00 $453.45 $81,165.65
114 $81,165.65 $515.05 $0.00 $458.92 $82,139.62
115 $82,139.62 $515.05 $0.00 $464.43 $83,119.10
116 $83,119.10 $515.05 $0.00 $469.97 $84,104.12
117 $84,104.12 $515.05 $0.00 $475.54 $85,094.71
118 $85,094.71 $515.05 $0.00 $481.14 $86,090.90
119 $86,090.90 $515.05 $0.00 $486.77 $87,092.72
120 $87,092.72 $515.05 $0.00 $492.43 $88,100.20
121 $88,100.20 $515.05 $0.00 $498.13 $89,113.38
122 $89,113.38 $515.05 $0.00 $503.86 $90,132.29
123 $90,132.29 $515.05 $0.00 $509.62 $91,156.96
124 $91,156.96 $515.05 $0.00 $515.41 $92,187.42
125 $92,187.42 $515.05 $0.00 $521.24 $93,223.71
126 $93,223.71 $515.05 $0.00 $527.10 $94,265.86
127 $94,265.86 $515.05 $0.00 $532.99 $95,313.90
128 $95,313.90 $515.05 $0.00 $538.92 $96,367.87
129 $96,367.87 $515.05 $0.00 $544.88 $97,427.80
130 $97,427.80 $515.05 $0.00 $550.87 $98,493.72
131 $98,493.72 $515.05 $0.00 $556.90 $99,565.67
132 $99,565.67 $515.05 $0.00 $562.96 $100,643.68
133 $100,643.68 $515.05 $0.00 $569.05 $101,727.78
134 $101,727.78 $515.05 $0.00 $575.18 $102,818.01
135 $102,818.01 $515.05 $0.00 $581.35 $103,914.41
136 $103,914.41 $515.05 $0.00 $587.55 $105,017.01
137 $105,017.01 $515.05 $0.00 $593.78 $106,125.84
138 $106,125.84 $515.05 $0.00 $600.05 $107,240.94
139 $107,240.94 $515.05 $0.00 $606.36 $108,362.35
140 $108,362.35 $515.05 $0.00 $612.70 $109,490.10
141 $109,490.10 $515.05 $0.00 $619.07 $110,624.22
142 $110,624.22 $515.05 $0.00 $625.49 $111,764.76
143 $111,764.76 $515.05 $0.00 $631.93 $112,911.74
144 $112,911.74 $515.05 $0.00 $638.42 $114,065.21
145 $114,065.21 $515.05 $0.00 $644.94 $115,225.20
146 $115,225.20 $515.05 $0.00 $651.50 $116,391.75
147 $116,391.75 $515.05 $0.00 $658.10 $117,564.90
148 $117,564.90 $515.05 $0.00 $664.73 $118,744.68
149 $118,744.68 $515.05 $0.00 $671.40 $119,931.13
150 $119,931.13 $515.05 $0.00 $678.11 $121,124.29
151 $121,124.29 $515.05 $0.00 $684.85 $122,324.19
152 $122,324.19 $515.05 $0.00 $691.64 $123,530.88
153 $123,530.88 $515.05 $0.00 $698.46 $124,744.39
154 $124,744.39 $515.05 $0.00 $705.32 $125,964.76
155 $125,964.76 $515.05 $0.00 $712.22 $127,192.03
156 $127,192.03 $515.05 $0.00 $719.16 $128,426.24
157 $128,426.24 $515.05 $0.00 $726.14 $129,667.43
158 $129,667.43 $515.05 $0.00 $733.16 $130,915.64
159 $130,915.64 $515.05 $0.00 $740.22 $132,170.91
160 $132,170.91 $515.05 $0.00 $747.31 $133,433.27
161 $133,433.27 $515.05 $0.00 $754.45 $134,702.77
162 $134,702.77 $515.05 $0.00 $761.63 $135,979.45
163 $135,979.45 $515.05 $0.00 $768.85 $137,263.35
164 $137,263.35 $515.05 $0.00 $776.11 $138,554.51
165 $138,554.51 $515.05 $0.00 $783.41 $139,852.97
166 $139,852.97 $515.05 $0.00 $790.75 $141,158.77
167 $141,158.77 $515.05 $0.00 $798.13 $142,471.95
168 $142,471.95 $515.05 $0.00 $805.56 $143,792.56
169 $143,792.56 $515.05 $0.00 $813.02 $145,120.63
170 $145,120.63 $515.05 $0.00 $820.53 $146,456.21
171 $146,456.21 $515.05 $0.00 $828.08 $147,799.34
172 $147,799.34 $515.05 $0.00 $835.68 $149,150.07
173 $149,150.07 $515.05 $0.00 $843.32 $150,508.44
174 $150,508.44 $515.05 $0.00 $851.00 $151,874.49
175 $151,874.49 $515.05 $0.00 $858.72 $153,248.26
176 $153,248.26 $515.05 $0.00 $866.49 $154,629.80
177 $154,629.80 $515.05 $0.00 $874.30 $156,019.15
178 $156,019.15 $515.05 $0.00 $882.15 $157,416.35
179 $157,416.35 $515.05 $0.00 $890.05 $158,821.45
180 $158,821.45 $515.05 $0.00 $898.00 $160,234.50
181 $160,234.50 $515.05 $0.00 $905.99 $161,655.54
182 $161,655.54 $515.05 $0.00 $914.02 $163,084.61
183 $163,084.61 $515.05 $0.00 $922.10 $164,521.76
184 $164,521.76 $515.05 $0.00 $930.23 $165,967.04
185 $165,967.04 $515.05 $0.00 $938.40 $167,420.49
186 $167,420.49 $515.05 $0.00 $946.62 $168,882.16
187 $168,882.16 $515.05 $0.00 $954.88 $170,352.09
188 $170,352.09 $515.05 $0.00 $963.20 $171,830.34
189 $171,830.34 $515.05 $0.00 $971.55 $173,316.94
190 $173,316.94 $515.05 $0.00 $979.96 $174,811.95
191 $174,811.95 $515.05 $0.00 $988.41 $176,315.41
192 $176,315.41 $515.05 $0.00 $996.91 $177,827.37
193 $177,827.37 $515.05 $0.00 $1,005.46 $179,347.88
194 $179,347.88 $515.05 $0.00 $1,014.06 $180,876.99
195 $180,876.99 $515.05 $0.00 $1,022.70 $182,414.74
196 $182,414.74 $515.05 $0.00 $1,031.40 $183,961.19
197 $183,961.19 $515.05 $0.00 $1,040.14 $185,516.38
198 $185,516.38 $515.05 $0.00 $1,048.94 $187,080.37
199 $187,080.37 $515.05 $0.00 $1,057.78 $188,653.20
200 $188,653.20 $515.05 $0.00 $1,066.67 $190,234.92
201 $190,234.92 $515.05 $0.00 $1,075.62 $191,825.59
202 $191,825.59 $515.05 $0.00 $1,084.61 $193,425.25
203 $193,425.25 $515.05 $0.00 $1,093.65 $195,033.95
204 $195,033.95 $515.05 $0.00 $1,102.75 $196,651.75
205 $196,651.75 $515.05 $0.00 $1,111.90 $198,278.70
206 $198,278.70 $515.05 $0.00 $1,121.10 $199,914.85
207 $199,914.85 $515.05 $0.00 $1,130.35 $201,560.25
208 $201,560.25 $515.05 $0.00 $1,139.65 $203,214.95
209 $203,214.95 $515.05 $0.00 $1,149.01 $204,879.01
210 $204,879.01 $515.05 $0.00 $1,158.42 $206,552.48
211 $206,552.48 $515.05 $0.00 $1,167.88 $208,235.41
212 $208,235.41 $515.05 $0.00 $1,177.39 $209,927.85
213 $209,927.85 $515.05 $0.00 $1,186.96 $211,629.86
214 $211,629.86 $515.05 $0.00 $1,196.59 $213,341.50
215 $213,341.50 $515.05 $0.00 $1,206.26 $215,062.81
216 $215,062.81 $515.05 $0.00 $1,216.00 $216,793.86
217 $216,793.86 $515.05 $60,382.08 $1,225.78 $158,152.61
218 $158,152.61 $515.05 $0.00 $894.22 $159,561.88
219 $159,561.88 $515.05 $0.00 $902.19 $160,979.12
220 $160,979.12 $515.05 $0.00 $910.20 $162,404.37
221 $162,404.37 $515.05 $0.00 $918.26 $163,837.68
222 $163,837.68 $515.05 $0.00 $926.36 $165,279.09
223 $165,279.09 $515.05 $0.00 $934.51 $166,728.65
224 $166,728.65 $515.05 $0.00 $942.71 $168,186.41
225 $168,186.41 $515.05 $0.00 $950.95 $169,652.41
226 $169,652.41 $515.05 $0.00 $959.24 $171,126.70
227 $171,126.70 $515.05 $0.00 $967.58 $172,609.33
228 $172,609.33 $515.05 $0.00 $975.96 $174,100.34
229 $174,100.34 $515.05 $63,401.18 $984.39 $112,198.60
230 $112,198.60 $515.05 $0.00 $634.39 $113,348.04
231 $113,348.04 $515.05 $0.00 $640.89 $114,503.98
232 $114,503.98 $515.05 $0.00 $647.42 $115,666.45
233 $115,666.45 $515.05 $0.00 $653.99 $116,835.49
234 $116,835.49 $515.05 $0.00 $660.60 $118,011.14
235 $118,011.14 $515.05 $0.00 $667.25 $119,193.44
236 $119,193.44 $515.05 $0.00 $673.94 $120,382.43
237 $120,382.43 $515.05 $0.00 $680.66 $121,578.14
238 $121,578.14 $515.05 $0.00 $687.42 $122,780.61
239 $122,780.61 $515.05 $0.00 $694.22 $123,989.88
240 $123,989.88 $515.05 $0.00 $701.06 $125,205.99
241 $125,205.99 $515.05 $66,571.24 $707.93 $59,857.73
242 $59,857.73 $515.05 $0.00 $338.44 $60,711.22
243 $60,711.22 $515.05 $0.00 $343.27 $61,569.54
244 $61,569.54 $515.05 $0.00 $348.12 $62,432.71
245 $62,432.71 $515.05 $0.00 $353.00 $63,300.76
246 $63,300.76 $515.05 $0.00 $357.91 $64,173.72
247 $64,173.72 $515.05 $0.00 $362.85 $65,051.62
248 $65,051.62 $515.05 $0.00 $367.81 $65,934.48
249 $65,934.48 $515.05 $0.00 $372.80 $66,822.33
250 $66,822.33 $515.05 $0.00 $377.82 $67,715.20
251 $67,715.20 $515.05 $0.00 $382.87 $68,613.12
252 $68,613.12 $515.05 $0.00 $387.95 $69,516.12
253 $69,516.12 $0.00 $69,899.80 $393.05 $9.37