Savings Plan and Future Cost Estimation for West Virginia University Institute of Technology

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$59,322
Monthly savings required$470

How much will it cost to send your child to West Virginia University Institute of Technology in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $237,288.85 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $469.58 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$22,876.00
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 $469.58 $0.00 $0.00 $469.58
2 $469.58 $469.58 $0.00 $2.66 $941.82
3 $941.82 $469.58 $0.00 $5.33 $1,416.73
4 $1,416.73 $469.58 $0.00 $8.01 $1,894.32
5 $1,894.32 $469.58 $0.00 $10.71 $2,374.61
6 $2,374.61 $469.58 $0.00 $13.43 $2,857.62
7 $2,857.62 $469.58 $0.00 $16.16 $3,343.36
8 $3,343.36 $469.58 $0.00 $18.90 $3,831.84
9 $3,831.84 $469.58 $0.00 $21.67 $4,323.09
10 $4,323.09 $469.58 $0.00 $24.44 $4,817.11
11 $4,817.11 $469.58 $0.00 $27.24 $5,313.93
12 $5,313.93 $469.58 $0.00 $30.05 $5,813.56
13 $5,813.56 $469.58 $0.00 $32.87 $6,316.01
14 $6,316.01 $469.58 $0.00 $35.71 $6,821.30
15 $6,821.30 $469.58 $0.00 $38.57 $7,329.45
16 $7,329.45 $469.58 $0.00 $41.44 $7,840.47
17 $7,840.47 $469.58 $0.00 $44.33 $8,354.38
18 $8,354.38 $469.58 $0.00 $47.24 $8,871.20
19 $8,871.20 $469.58 $0.00 $50.16 $9,390.94
20 $9,390.94 $469.58 $0.00 $53.10 $9,913.62
21 $9,913.62 $469.58 $0.00 $56.05 $10,439.25
22 $10,439.25 $469.58 $0.00 $59.03 $10,967.86
23 $10,967.86 $469.58 $0.00 $62.01 $11,499.45
24 $11,499.45 $469.58 $0.00 $65.02 $12,034.05
25 $12,034.05 $469.58 $0.00 $68.04 $12,571.67
26 $12,571.67 $469.58 $0.00 $71.08 $13,112.33
27 $13,112.33 $469.58 $0.00 $74.14 $13,656.05
28 $13,656.05 $469.58 $0.00 $77.21 $14,202.84
29 $14,202.84 $469.58 $0.00 $80.30 $14,752.72
30 $14,752.72 $469.58 $0.00 $83.41 $15,305.71
31 $15,305.71 $469.58 $0.00 $86.54 $15,861.83
32 $15,861.83 $469.58 $0.00 $89.69 $16,421.10
33 $16,421.10 $469.58 $0.00 $92.85 $16,983.53
34 $16,983.53 $469.58 $0.00 $96.03 $17,549.14
35 $17,549.14 $469.58 $0.00 $99.23 $18,117.95
36 $18,117.95 $469.58 $0.00 $102.44 $18,689.97
37 $18,689.97 $469.58 $0.00 $105.68 $19,265.23
38 $19,265.23 $469.58 $0.00 $108.93 $19,843.74
39 $19,843.74 $469.58 $0.00 $112.20 $20,425.52
40 $20,425.52 $469.58 $0.00 $115.49 $21,010.59
41 $21,010.59 $469.58 $0.00 $118.80 $21,598.97
42 $21,598.97 $469.58 $0.00 $122.12 $22,190.67
43 $22,190.67 $469.58 $0.00 $125.47 $22,785.72
44 $22,785.72 $469.58 $0.00 $128.83 $23,384.13
45 $23,384.13 $469.58 $0.00 $132.22 $23,985.93
46 $23,985.93 $469.58 $0.00 $135.62 $24,591.13
47 $24,591.13 $469.58 $0.00 $139.04 $25,199.75
48 $25,199.75 $469.58 $0.00 $142.48 $25,811.81
49 $25,811.81 $469.58 $0.00 $145.94 $26,427.33
50 $26,427.33 $469.58 $0.00 $149.42 $27,046.33
51 $27,046.33 $469.58 $0.00 $152.92 $27,668.83
52 $27,668.83 $469.58 $0.00 $156.44 $28,294.85
53 $28,294.85 $469.58 $0.00 $159.98 $28,924.41
54 $28,924.41 $469.58 $0.00 $163.54 $29,557.53
55 $29,557.53 $469.58 $0.00 $167.12 $30,194.23
56 $30,194.23 $469.58 $0.00 $170.72 $30,834.53
57 $30,834.53 $469.58 $0.00 $174.34 $31,478.45
58 $31,478.45 $469.58 $0.00 $177.98 $32,126.01
59 $32,126.01 $469.58 $0.00 $181.65 $32,777.24
60 $32,777.24 $469.58 $0.00 $185.33 $33,432.15
61 $33,432.15 $469.58 $0.00 $189.03 $34,090.76
62 $34,090.76 $469.58 $0.00 $192.75 $34,753.09
63 $34,753.09 $469.58 $0.00 $196.50 $35,419.17
64 $35,419.17 $469.58 $0.00 $200.27 $36,089.02
65 $36,089.02 $469.58 $0.00 $204.05 $36,762.65
66 $36,762.65 $469.58 $0.00 $207.86 $37,440.09
67 $37,440.09 $469.58 $0.00 $211.69 $38,121.36
68 $38,121.36 $469.58 $0.00 $215.54 $38,806.48
69 $38,806.48 $469.58 $0.00 $219.42 $39,495.48
70 $39,495.48 $469.58 $0.00 $223.31 $40,188.37
71 $40,188.37 $469.58 $0.00 $227.23 $40,885.18
72 $40,885.18 $469.58 $0.00 $231.17 $41,585.93
73 $41,585.93 $469.58 $0.00 $235.13 $42,290.64
74 $42,290.64 $469.58 $0.00 $239.12 $42,999.34
75 $42,999.34 $469.58 $0.00 $243.12 $43,712.04
76 $43,712.04 $469.58 $0.00 $247.15 $44,428.77
77 $44,428.77 $469.58 $0.00 $251.21 $45,149.56
78 $45,149.56 $469.58 $0.00 $255.28 $45,874.42
79 $45,874.42 $469.58 $0.00 $259.38 $46,603.38
80 $46,603.38 $469.58 $0.00 $263.50 $47,336.46
81 $47,336.46 $469.58 $0.00 $267.65 $48,073.69
82 $48,073.69 $469.58 $0.00 $271.82 $48,815.09
83 $48,815.09 $469.58 $0.00 $276.01 $49,560.68
84 $49,560.68 $469.58 $0.00 $280.22 $50,310.48
85 $50,310.48 $469.58 $0.00 $284.46 $51,064.52
86 $51,064.52 $469.58 $0.00 $288.73 $51,822.83
87 $51,822.83 $469.58 $0.00 $293.01 $52,585.42
88 $52,585.42 $469.58 $0.00 $297.33 $53,352.33
89 $53,352.33 $469.58 $0.00 $301.66 $54,123.57
90 $54,123.57 $469.58 $0.00 $306.02 $54,899.17
91 $54,899.17 $469.58 $0.00 $310.41 $55,679.16
92 $55,679.16 $469.58 $0.00 $314.82 $56,463.56
93 $56,463.56 $469.58 $0.00 $319.25 $57,252.39
94 $57,252.39 $469.58 $0.00 $323.71 $58,045.68
95 $58,045.68 $469.58 $0.00 $328.20 $58,843.46
96 $58,843.46 $469.58 $0.00 $332.71 $59,645.75
97 $59,645.75 $469.58 $0.00 $337.25 $60,452.58
98 $60,452.58 $469.58 $0.00 $341.81 $61,263.97
99 $61,263.97 $469.58 $0.00 $346.40 $62,079.95
100 $62,079.95 $469.58 $0.00 $351.01 $62,900.54
101 $62,900.54 $469.58 $0.00 $355.65 $63,725.77
102 $63,725.77 $469.58 $0.00 $360.31 $64,555.66
103 $64,555.66 $469.58 $0.00 $365.01 $65,390.25
104 $65,390.25 $469.58 $0.00 $369.73 $66,229.56
105 $66,229.56 $469.58 $0.00 $374.47 $67,073.61
106 $67,073.61 $469.58 $0.00 $379.24 $67,922.43
107 $67,922.43 $469.58 $0.00 $384.04 $68,776.05
108 $68,776.05 $469.58 $0.00 $388.87 $69,634.50
109 $69,634.50 $469.58 $0.00 $393.72 $70,497.80
110 $70,497.80 $469.58 $0.00 $398.60 $71,365.98
111 $71,365.98 $469.58 $0.00 $403.51 $72,239.07
112 $72,239.07 $469.58 $0.00 $408.45 $73,117.10
113 $73,117.10 $469.58 $0.00 $413.41 $74,000.09
114 $74,000.09 $469.58 $0.00 $418.41 $74,888.08
115 $74,888.08 $469.58 $0.00 $423.43 $75,781.09
116 $75,781.09 $469.58 $0.00 $428.48 $76,679.15
117 $76,679.15 $469.58 $0.00 $433.56 $77,582.29
118 $77,582.29 $469.58 $0.00 $438.66 $78,490.53
119 $78,490.53 $469.58 $0.00 $443.80 $79,403.91
120 $79,403.91 $469.58 $0.00 $448.96 $80,322.45
121 $80,322.45 $469.58 $0.00 $454.15 $81,246.18
122 $81,246.18 $469.58 $0.00 $459.38 $82,175.14
123 $82,175.14 $469.58 $0.00 $464.63 $83,109.35
124 $83,109.35 $469.58 $0.00 $469.91 $84,048.84
125 $84,048.84 $469.58 $0.00 $475.22 $84,993.64
126 $84,993.64 $469.58 $0.00 $480.57 $85,943.79
127 $85,943.79 $469.58 $0.00 $485.94 $86,899.31
128 $86,899.31 $469.58 $0.00 $491.34 $87,860.23
129 $87,860.23 $469.58 $0.00 $496.77 $88,826.58
130 $88,826.58 $469.58 $0.00 $502.24 $89,798.40
131 $89,798.40 $469.58 $0.00 $507.73 $90,775.71
132 $90,775.71 $469.58 $0.00 $513.26 $91,758.55
133 $91,758.55 $469.58 $0.00 $518.82 $92,746.95
134 $92,746.95 $469.58 $0.00 $524.40 $93,740.93
135 $93,740.93 $469.58 $0.00 $530.02 $94,740.53
136 $94,740.53 $469.58 $0.00 $535.68 $95,745.79
137 $95,745.79 $469.58 $0.00 $541.36 $96,756.73
138 $96,756.73 $469.58 $0.00 $547.08 $97,773.39
139 $97,773.39 $469.58 $0.00 $552.82 $98,795.79
140 $98,795.79 $469.58 $0.00 $558.61 $99,823.98
141 $99,823.98 $469.58 $0.00 $564.42 $100,857.98
142 $100,857.98 $469.58 $0.00 $570.27 $101,897.83
143 $101,897.83 $469.58 $0.00 $576.15 $102,943.56
144 $102,943.56 $469.58 $0.00 $582.06 $103,995.20
145 $103,995.20 $469.58 $0.00 $588.00 $105,052.78
146 $105,052.78 $469.58 $0.00 $593.98 $106,116.34
147 $106,116.34 $469.58 $0.00 $600.00 $107,185.92
148 $107,185.92 $469.58 $0.00 $606.04 $108,261.54
149 $108,261.54 $469.58 $0.00 $612.13 $109,343.25
150 $109,343.25 $469.58 $0.00 $618.24 $110,431.07
151 $110,431.07 $469.58 $0.00 $624.39 $111,525.04
152 $111,525.04 $469.58 $0.00 $630.58 $112,625.20
153 $112,625.20 $469.58 $0.00 $636.80 $113,731.58
154 $113,731.58 $469.58 $0.00 $643.05 $114,844.21
155 $114,844.21 $469.58 $0.00 $649.35 $115,963.14
156 $115,963.14 $469.58 $0.00 $655.67 $117,088.39
157 $117,088.39 $469.58 $0.00 $662.03 $118,220.00
158 $118,220.00 $469.58 $0.00 $668.43 $119,358.01
159 $119,358.01 $469.58 $0.00 $674.87 $120,502.46
160 $120,502.46 $469.58 $0.00 $681.34 $121,653.38
161 $121,653.38 $469.58 $0.00 $687.85 $122,810.81
162 $122,810.81 $469.58 $0.00 $694.39 $123,974.78
163 $123,974.78 $469.58 $0.00 $700.97 $125,145.33
164 $125,145.33 $469.58 $0.00 $707.59 $126,322.50
165 $126,322.50 $469.58 $0.00 $714.25 $127,506.33
166 $127,506.33 $469.58 $0.00 $720.94 $128,696.85
167 $128,696.85 $469.58 $0.00 $727.67 $129,894.10
168 $129,894.10 $469.58 $0.00 $734.44 $131,098.12
169 $131,098.12 $469.58 $0.00 $741.25 $132,308.95
170 $132,308.95 $469.58 $0.00 $748.09 $133,526.62
171 $133,526.62 $469.58 $0.00 $754.98 $134,751.18
172 $134,751.18 $469.58 $0.00 $761.90 $135,982.66
173 $135,982.66 $469.58 $0.00 $768.87 $137,221.11
174 $137,221.11 $469.58 $0.00 $775.87 $138,466.56
175 $138,466.56 $469.58 $0.00 $782.91 $139,719.05
176 $139,719.05 $469.58 $0.00 $789.99 $140,978.62
177 $140,978.62 $469.58 $0.00 $797.11 $142,245.31
178 $142,245.31 $469.58 $0.00 $804.28 $143,519.17
179 $143,519.17 $469.58 $0.00 $811.48 $144,800.23
180 $144,800.23 $469.58 $0.00 $818.72 $146,088.53
181 $146,088.53 $469.58 $0.00 $826.01 $147,384.12
182 $147,384.12 $469.58 $0.00 $833.33 $148,687.03
183 $148,687.03 $469.58 $0.00 $840.70 $149,997.31
184 $149,997.31 $469.58 $0.00 $848.11 $151,315.00
185 $151,315.00 $469.58 $0.00 $855.56 $152,640.14
186 $152,640.14 $469.58 $0.00 $863.05 $153,972.77
187 $153,972.77 $469.58 $0.00 $870.58 $155,312.93
188 $155,312.93 $469.58 $0.00 $878.16 $156,660.67
189 $156,660.67 $469.58 $0.00 $885.78 $158,016.03
190 $158,016.03 $469.58 $0.00 $893.45 $159,379.06
191 $159,379.06 $469.58 $0.00 $901.15 $160,749.79
192 $160,749.79 $469.58 $0.00 $908.90 $162,128.27
193 $162,128.27 $469.58 $0.00 $916.70 $163,514.55
194 $163,514.55 $469.58 $0.00 $924.54 $164,908.67
195 $164,908.67 $469.58 $0.00 $932.42 $166,310.67
196 $166,310.67 $469.58 $0.00 $940.34 $167,720.59
197 $167,720.59 $469.58 $0.00 $948.32 $169,138.49
198 $169,138.49 $469.58 $0.00 $956.33 $170,564.40
199 $170,564.40 $469.58 $0.00 $964.40 $171,998.38
200 $171,998.38 $469.58 $0.00 $972.50 $173,440.46
201 $173,440.46 $469.58 $0.00 $980.66 $174,890.70
202 $174,890.70 $469.58 $0.00 $988.86 $176,349.14
203 $176,349.14 $469.58 $0.00 $997.10 $177,815.82
204 $177,815.82 $469.58 $0.00 $1,005.40 $179,290.80
205 $179,290.80 $469.58 $0.00 $1,013.74 $180,774.12
206 $180,774.12 $469.58 $0.00 $1,022.12 $182,265.82
207 $182,265.82 $469.58 $0.00 $1,030.56 $183,765.96
208 $183,765.96 $469.58 $0.00 $1,039.04 $185,274.58
209 $185,274.58 $469.58 $0.00 $1,047.57 $186,791.73
210 $186,791.73 $469.58 $0.00 $1,056.15 $188,317.46
211 $188,317.46 $469.58 $0.00 $1,064.77 $189,851.81
212 $189,851.81 $469.58 $0.00 $1,073.45 $191,394.84
213 $191,394.84 $469.58 $0.00 $1,082.17 $192,946.59
214 $192,946.59 $469.58 $0.00 $1,090.95 $194,507.12
215 $194,507.12 $469.58 $0.00 $1,099.77 $196,076.47
216 $196,076.47 $469.58 $0.00 $1,108.64 $197,654.69
217 $197,654.69 $469.58 $55,053.82 $1,117.57 $144,188.02
218 $144,188.02 $469.58 $0.00 $815.26 $145,472.86
219 $145,472.86 $469.58 $0.00 $822.52 $146,764.96
220 $146,764.96 $469.58 $0.00 $829.83 $148,064.37
221 $148,064.37 $469.58 $0.00 $837.18 $149,371.13
222 $149,371.13 $469.58 $0.00 $844.57 $150,685.28
223 $150,685.28 $469.58 $0.00 $852.00 $152,006.86
224 $152,006.86 $469.58 $0.00 $859.47 $153,335.91
225 $153,335.91 $469.58 $0.00 $866.98 $154,672.47
226 $154,672.47 $469.58 $0.00 $874.54 $156,016.59
227 $156,016.59 $469.58 $0.00 $882.14 $157,368.31
228 $157,368.31 $469.58 $0.00 $889.78 $158,727.67
229 $158,727.67 $469.58 $57,806.51 $897.47 $102,288.21
230 $102,288.21 $469.58 $0.00 $578.35 $103,336.14
231 $103,336.14 $469.58 $0.00 $584.28 $104,390.00
232 $104,390.00 $469.58 $0.00 $590.24 $105,449.82
233 $105,449.82 $469.58 $0.00 $596.23 $106,515.63
234 $106,515.63 $469.58 $0.00 $602.25 $107,587.46
235 $107,587.46 $469.58 $0.00 $608.32 $108,665.36
236 $108,665.36 $469.58 $0.00 $614.41 $109,749.35
237 $109,749.35 $469.58 $0.00 $620.54 $110,839.47
238 $110,839.47 $469.58 $0.00 $626.70 $111,935.75
239 $111,935.75 $469.58 $0.00 $632.90 $113,038.23
240 $113,038.23 $469.58 $0.00 $639.13 $114,146.94
241 $114,146.94 $469.58 $60,696.84 $645.40 $54,565.08
242 $54,565.08 $469.58 $0.00 $308.52 $55,343.18
243 $55,343.18 $469.58 $0.00 $312.92 $56,125.68
244 $56,125.68 $469.58 $0.00 $317.34 $56,912.60
245 $56,912.60 $469.58 $0.00 $321.79 $57,703.97
246 $57,703.97 $469.58 $0.00 $326.27 $58,499.82
247 $58,499.82 $469.58 $0.00 $330.77 $59,300.17
248 $59,300.17 $469.58 $0.00 $335.29 $60,105.04
249 $60,105.04 $469.58 $0.00 $339.84 $60,914.46
250 $60,914.46 $469.58 $0.00 $344.42 $61,728.46
251 $61,728.46 $469.58 $0.00 $349.02 $62,547.06
252 $62,547.06 $469.58 $0.00 $353.65 $63,370.29
253 $63,370.29 $0.00 $63,731.68 $358.30 ($3.09)