Savings Plan and Future Cost Estimation for Virginia College Montgomery

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$89,919
Monthly savings required$400

How much will it cost to send your child to Virginia College Montgomery in 18 years and how much do you need to save?  A 2 year degree is estimated to be priced at $179,837.00 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $399.50 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$25,704.00
Years until enrollment18
Annual Tuition Increase7%
Current Savings$0.00
After Tax Return on Savings7%
Years of enrollment2

Current Savings Shortfall

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Planned Savings Balance

College Savings Schedule

Month Begin Deposit Withdraw Interest End
1 $0.00 $399.50 $0.00 $0.00 $399.50
2 $399.50 $399.50 $0.00 $2.26 $801.26
3 $801.26 $399.50 $0.00 $4.53 $1,205.29
4 $1,205.29 $399.50 $0.00 $6.81 $1,611.60
5 $1,611.60 $399.50 $0.00 $9.11 $2,020.21
6 $2,020.21 $399.50 $0.00 $11.42 $2,431.13
7 $2,431.13 $399.50 $0.00 $13.75 $2,844.38
8 $2,844.38 $399.50 $0.00 $16.08 $3,259.96
9 $3,259.96 $399.50 $0.00 $18.43 $3,677.89
10 $3,677.89 $399.50 $0.00 $20.80 $4,098.19
11 $4,098.19 $399.50 $0.00 $23.17 $4,520.86
12 $4,520.86 $399.50 $0.00 $25.56 $4,945.92
13 $4,945.92 $399.50 $0.00 $27.96 $5,373.38
14 $5,373.38 $399.50 $0.00 $30.38 $5,803.26
15 $5,803.26 $399.50 $0.00 $32.81 $6,235.57
16 $6,235.57 $399.50 $0.00 $35.26 $6,670.33
17 $6,670.33 $399.50 $0.00 $37.72 $7,107.55
18 $7,107.55 $399.50 $0.00 $40.19 $7,547.24
19 $7,547.24 $399.50 $0.00 $42.67 $7,989.41
20 $7,989.41 $399.50 $0.00 $45.17 $8,434.08
21 $8,434.08 $399.50 $0.00 $47.69 $8,881.27
22 $8,881.27 $399.50 $0.00 $50.22 $9,330.99
23 $9,330.99 $399.50 $0.00 $52.76 $9,783.25
24 $9,783.25 $399.50 $0.00 $55.32 $10,238.07
25 $10,238.07 $399.50 $0.00 $57.89 $10,695.46
26 $10,695.46 $399.50 $0.00 $60.47 $11,155.43
27 $11,155.43 $399.50 $0.00 $63.07 $11,618.00
28 $11,618.00 $399.50 $0.00 $65.69 $12,083.19
29 $12,083.19 $399.50 $0.00 $68.32 $12,551.01
30 $12,551.01 $399.50 $0.00 $70.97 $13,021.48
31 $13,021.48 $399.50 $0.00 $73.63 $13,494.61
32 $13,494.61 $399.50 $0.00 $76.30 $13,970.41
33 $13,970.41 $399.50 $0.00 $78.99 $14,448.90
34 $14,448.90 $399.50 $0.00 $81.70 $14,930.10
35 $14,930.10 $399.50 $0.00 $84.42 $15,414.02
36 $15,414.02 $399.50 $0.00 $87.15 $15,900.67
37 $15,900.67 $399.50 $0.00 $89.90 $16,390.07
38 $16,390.07 $399.50 $0.00 $92.67 $16,882.24
39 $16,882.24 $399.50 $0.00 $95.45 $17,377.19
40 $17,377.19 $399.50 $0.00 $98.25 $17,874.94
41 $17,874.94 $399.50 $0.00 $101.07 $18,375.51
42 $18,375.51 $399.50 $0.00 $103.90 $18,878.91
43 $18,878.91 $399.50 $0.00 $106.74 $19,385.15
44 $19,385.15 $399.50 $0.00 $109.61 $19,894.26
45 $19,894.26 $399.50 $0.00 $112.49 $20,406.25
46 $20,406.25 $399.50 $0.00 $115.38 $20,921.13
47 $20,921.13 $399.50 $0.00 $118.29 $21,438.92
48 $21,438.92 $399.50 $0.00 $121.22 $21,959.64
49 $21,959.64 $399.50 $0.00 $124.16 $22,483.30
50 $22,483.30 $399.50 $0.00 $127.12 $23,009.92
51 $23,009.92 $399.50 $0.00 $130.10 $23,539.52
52 $23,539.52 $399.50 $0.00 $133.10 $24,072.12
53 $24,072.12 $399.50 $0.00 $136.11 $24,607.73
54 $24,607.73 $399.50 $0.00 $139.14 $25,146.37
55 $25,146.37 $399.50 $0.00 $142.18 $25,688.05
56 $25,688.05 $399.50 $0.00 $145.24 $26,232.79
57 $26,232.79 $399.50 $0.00 $148.32 $26,780.61
58 $26,780.61 $399.50 $0.00 $151.42 $27,331.53
59 $27,331.53 $399.50 $0.00 $154.54 $27,885.57
60 $27,885.57 $399.50 $0.00 $157.67 $28,442.74
61 $28,442.74 $399.50 $0.00 $160.82 $29,003.06
62 $29,003.06 $399.50 $0.00 $163.99 $29,566.55
63 $29,566.55 $399.50 $0.00 $167.17 $30,133.22
64 $30,133.22 $399.50 $0.00 $170.38 $30,703.10
65 $30,703.10 $399.50 $0.00 $173.60 $31,276.20
66 $31,276.20 $399.50 $0.00 $176.84 $31,852.54
67 $31,852.54 $399.50 $0.00 $180.10 $32,432.14
68 $32,432.14 $399.50 $0.00 $183.38 $33,015.02
69 $33,015.02 $399.50 $0.00 $186.67 $33,601.19
70 $33,601.19 $399.50 $0.00 $189.99 $34,190.68
71 $34,190.68 $399.50 $0.00 $193.32 $34,783.50
72 $34,783.50 $399.50 $0.00 $196.67 $35,379.67
73 $35,379.67 $399.50 $0.00 $200.04 $35,979.21
74 $35,979.21 $399.50 $0.00 $203.43 $36,582.14
75 $36,582.14 $399.50 $0.00 $206.84 $37,188.48
76 $37,188.48 $399.50 $0.00 $210.27 $37,798.25
77 $37,798.25 $399.50 $0.00 $213.72 $38,411.47
78 $38,411.47 $399.50 $0.00 $217.18 $39,028.15
79 $39,028.15 $399.50 $0.00 $220.67 $39,648.32
80 $39,648.32 $399.50 $0.00 $224.18 $40,272.00
81 $40,272.00 $399.50 $0.00 $227.70 $40,899.20
82 $40,899.20 $399.50 $0.00 $231.25 $41,529.95
83 $41,529.95 $399.50 $0.00 $234.82 $42,164.27
84 $42,164.27 $399.50 $0.00 $238.40 $42,802.17
85 $42,802.17 $399.50 $0.00 $242.01 $43,443.68
86 $43,443.68 $399.50 $0.00 $245.64 $44,088.82
87 $44,088.82 $399.50 $0.00 $249.28 $44,737.60
88 $44,737.60 $399.50 $0.00 $252.95 $45,390.05
89 $45,390.05 $399.50 $0.00 $256.64 $46,046.19
90 $46,046.19 $399.50 $0.00 $260.35 $46,706.04
91 $46,706.04 $399.50 $0.00 $264.08 $47,369.62
92 $47,369.62 $399.50 $0.00 $267.83 $48,036.95
93 $48,036.95 $399.50 $0.00 $271.61 $48,708.06
94 $48,708.06 $399.50 $0.00 $275.40 $49,382.96
95 $49,382.96 $399.50 $0.00 $279.22 $50,061.68
96 $50,061.68 $399.50 $0.00 $283.06 $50,744.24
97 $50,744.24 $399.50 $0.00 $286.92 $51,430.66
98 $51,430.66 $399.50 $0.00 $290.80 $52,120.96
99 $52,120.96 $399.50 $0.00 $294.70 $52,815.16
100 $52,815.16 $399.50 $0.00 $298.62 $53,513.28
101 $53,513.28 $399.50 $0.00 $302.57 $54,215.35
102 $54,215.35 $399.50 $0.00 $306.54 $54,921.39
103 $54,921.39 $399.50 $0.00 $310.53 $55,631.42
104 $55,631.42 $399.50 $0.00 $314.55 $56,345.47
105 $56,345.47 $399.50 $0.00 $318.59 $57,063.56
106 $57,063.56 $399.50 $0.00 $322.65 $57,785.71
107 $57,785.71 $399.50 $0.00 $326.73 $58,511.94
108 $58,511.94 $399.50 $0.00 $330.84 $59,242.28
109 $59,242.28 $399.50 $0.00 $334.96 $59,976.74
110 $59,976.74 $399.50 $0.00 $339.12 $60,715.36
111 $60,715.36 $399.50 $0.00 $343.29 $61,458.15
112 $61,458.15 $399.50 $0.00 $347.49 $62,205.14
113 $62,205.14 $399.50 $0.00 $351.72 $62,956.36
114 $62,956.36 $399.50 $0.00 $355.96 $63,711.82
115 $63,711.82 $399.50 $0.00 $360.24 $64,471.56
116 $64,471.56 $399.50 $0.00 $364.53 $65,235.59
117 $65,235.59 $399.50 $0.00 $368.85 $66,003.94
118 $66,003.94 $399.50 $0.00 $373.20 $66,776.64
119 $66,776.64 $399.50 $0.00 $377.56 $67,553.70
120 $67,553.70 $399.50 $0.00 $381.96 $68,335.16
121 $68,335.16 $399.50 $0.00 $386.38 $69,121.04
122 $69,121.04 $399.50 $0.00 $390.82 $69,911.36
123 $69,911.36 $399.50 $0.00 $395.29 $70,706.15
124 $70,706.15 $399.50 $0.00 $399.78 $71,505.43
125 $71,505.43 $399.50 $0.00 $404.30 $72,309.23
126 $72,309.23 $399.50 $0.00 $408.85 $73,117.58
127 $73,117.58 $399.50 $0.00 $413.42 $73,930.50
128 $73,930.50 $399.50 $0.00 $418.01 $74,748.01
129 $74,748.01 $399.50 $0.00 $422.64 $75,570.15
130 $75,570.15 $399.50 $0.00 $427.28 $76,396.93
131 $76,396.93 $399.50 $0.00 $431.96 $77,228.39
132 $77,228.39 $399.50 $0.00 $436.66 $78,064.55
133 $78,064.55 $399.50 $0.00 $441.39 $78,905.44
134 $78,905.44 $399.50 $0.00 $446.14 $79,751.08
135 $79,751.08 $399.50 $0.00 $450.92 $80,601.50
136 $80,601.50 $399.50 $0.00 $455.73 $81,456.73
137 $81,456.73 $399.50 $0.00 $460.57 $82,316.80
138 $82,316.80 $399.50 $0.00 $465.43 $83,181.73
139 $83,181.73 $399.50 $0.00 $470.32 $84,051.55
140 $84,051.55 $399.50 $0.00 $475.24 $84,926.29
141 $84,926.29 $399.50 $0.00 $480.19 $85,805.98
142 $85,805.98 $399.50 $0.00 $485.16 $86,690.64
143 $86,690.64 $399.50 $0.00 $490.16 $87,580.30
144 $87,580.30 $399.50 $0.00 $495.19 $88,474.99
145 $88,474.99 $399.50 $0.00 $500.25 $89,374.74
146 $89,374.74 $399.50 $0.00 $505.34 $90,279.58
147 $90,279.58 $399.50 $0.00 $510.45 $91,189.53
148 $91,189.53 $399.50 $0.00 $515.60 $92,104.63
149 $92,104.63 $399.50 $0.00 $520.77 $93,024.90
150 $93,024.90 $399.50 $0.00 $525.98 $93,950.38
151 $93,950.38 $399.50 $0.00 $531.21 $94,881.09
152 $94,881.09 $399.50 $0.00 $536.47 $95,817.06
153 $95,817.06 $399.50 $0.00 $541.76 $96,758.32
154 $96,758.32 $399.50 $0.00 $547.09 $97,704.91
155 $97,704.91 $399.50 $0.00 $552.44 $98,656.85
156 $98,656.85 $399.50 $0.00 $557.82 $99,614.17
157 $99,614.17 $399.50 $0.00 $563.23 $100,576.90
158 $100,576.90 $399.50 $0.00 $568.68 $101,545.08
159 $101,545.08 $399.50 $0.00 $574.15 $102,518.73
160 $102,518.73 $399.50 $0.00 $579.66 $103,497.89
161 $103,497.89 $399.50 $0.00 $585.19 $104,482.58
162 $104,482.58 $399.50 $0.00 $590.76 $105,472.84
163 $105,472.84 $399.50 $0.00 $596.36 $106,468.70
164 $106,468.70 $399.50 $0.00 $601.99 $107,470.19
165 $107,470.19 $399.50 $0.00 $607.65 $108,477.34
166 $108,477.34 $399.50 $0.00 $613.35 $109,490.19
167 $109,490.19 $399.50 $0.00 $619.07 $110,508.76
168 $110,508.76 $399.50 $0.00 $624.83 $111,533.09
169 $111,533.09 $399.50 $0.00 $630.62 $112,563.21
170 $112,563.21 $399.50 $0.00 $636.45 $113,599.16
171 $113,599.16 $399.50 $0.00 $642.31 $114,640.97
172 $114,640.97 $399.50 $0.00 $648.20 $115,688.67
173 $115,688.67 $399.50 $0.00 $654.12 $116,742.29
174 $116,742.29 $399.50 $0.00 $660.08 $117,801.87
175 $117,801.87 $399.50 $0.00 $666.07 $118,867.44
176 $118,867.44 $399.50 $0.00 $672.09 $119,939.03
177 $119,939.03 $399.50 $0.00 $678.15 $121,016.68
178 $121,016.68 $399.50 $0.00 $684.25 $122,100.43
179 $122,100.43 $399.50 $0.00 $690.37 $123,190.30
180 $123,190.30 $399.50 $0.00 $696.54 $124,286.34
181 $124,286.34 $399.50 $0.00 $702.73 $125,388.57
182 $125,388.57 $399.50 $0.00 $708.97 $126,497.04
183 $126,497.04 $399.50 $0.00 $715.23 $127,611.77
184 $127,611.77 $399.50 $0.00 $721.54 $128,732.81
185 $128,732.81 $399.50 $0.00 $727.87 $129,860.18
186 $129,860.18 $399.50 $0.00 $734.25 $130,993.93
187 $130,993.93 $399.50 $0.00 $740.66 $132,134.09
188 $132,134.09 $399.50 $0.00 $747.11 $133,280.70
189 $133,280.70 $399.50 $0.00 $753.59 $134,433.79
190 $134,433.79 $399.50 $0.00 $760.11 $135,593.40
191 $135,593.40 $399.50 $0.00 $766.66 $136,759.56
192 $136,759.56 $399.50 $0.00 $773.26 $137,932.32
193 $137,932.32 $399.50 $0.00 $779.89 $139,111.71
194 $139,111.71 $399.50 $0.00 $786.56 $140,297.77
195 $140,297.77 $399.50 $0.00 $793.26 $141,490.53
196 $141,490.53 $399.50 $0.00 $800.01 $142,690.04
197 $142,690.04 $399.50 $0.00 $806.79 $143,896.33
198 $143,896.33 $399.50 $0.00 $813.61 $145,109.44
199 $145,109.44 $399.50 $0.00 $820.47 $146,329.41
200 $146,329.41 $399.50 $0.00 $827.37 $147,556.28
201 $147,556.28 $399.50 $0.00 $834.30 $148,790.08
202 $148,790.08 $399.50 $0.00 $841.28 $150,030.86
203 $150,030.86 $399.50 $0.00 $848.30 $151,278.66
204 $151,278.66 $399.50 $0.00 $855.35 $152,533.51
205 $152,533.51 $399.50 $0.00 $862.45 $153,795.46
206 $153,795.46 $399.50 $0.00 $869.58 $155,064.54
207 $155,064.54 $399.50 $0.00 $876.76 $156,340.80
208 $156,340.80 $399.50 $0.00 $883.97 $157,624.27
209 $157,624.27 $399.50 $0.00 $891.23 $158,915.00
210 $158,915.00 $399.50 $0.00 $898.53 $160,213.03
211 $160,213.03 $399.50 $0.00 $905.87 $161,518.40
212 $161,518.40 $399.50 $0.00 $913.25 $162,831.15
213 $162,831.15 $399.50 $0.00 $920.67 $164,151.32
214 $164,151.32 $399.50 $0.00 $928.14 $165,478.96
215 $165,478.96 $399.50 $0.00 $935.64 $166,814.10
216 $166,814.10 $399.50 $0.00 $943.19 $168,156.79
217 $168,156.79 $399.50 $86,877.78 $950.78 $82,629.29
218 $82,629.29 $399.50 $0.00 $467.20 $83,495.99
219 $83,495.99 $399.50 $0.00 $472.10 $84,367.59
220 $84,367.59 $399.50 $0.00 $477.03 $85,244.12
221 $85,244.12 $399.50 $0.00 $481.98 $86,125.60
222 $86,125.60 $399.50 $0.00 $486.97 $87,012.07
223 $87,012.07 $399.50 $0.00 $491.98 $87,903.55
224 $87,903.55 $399.50 $0.00 $497.02 $88,800.07
225 $88,800.07 $399.50 $0.00 $502.09 $89,701.66
226 $89,701.66 $399.50 $0.00 $507.19 $90,608.35
227 $90,608.35 $399.50 $0.00 $512.31 $91,520.16
228 $91,520.16 $399.50 $0.00 $517.47 $92,437.13
229 $92,437.13 $0.00 $92,959.22 $522.65 $0.56