Savings Plan and Future Cost Estimation for Old Dominion University

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$108,799
Monthly savings required$860

How much will it cost to send your child to Old Dominion University in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $435,194.49 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $859.87 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$29,000.00
Years until enrollment18
Annual Tuition Increase7%
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 $859.87 $0.00 $0.00 $859.87
2 $859.87 $859.87 $0.00 $4.86 $1,724.60
3 $1,724.60 $859.87 $0.00 $9.75 $2,594.22
4 $2,594.22 $859.87 $0.00 $14.67 $3,468.76
5 $3,468.76 $859.87 $0.00 $19.61 $4,348.24
6 $4,348.24 $859.87 $0.00 $24.59 $5,232.70
7 $5,232.70 $859.87 $0.00 $29.59 $6,122.16
8 $6,122.16 $859.87 $0.00 $34.62 $7,016.65
9 $7,016.65 $859.87 $0.00 $39.67 $7,916.19
10 $7,916.19 $859.87 $0.00 $44.76 $8,820.82
11 $8,820.82 $859.87 $0.00 $49.87 $9,730.56
12 $9,730.56 $859.87 $0.00 $55.02 $10,645.45
13 $10,645.45 $859.87 $0.00 $60.19 $11,565.51
14 $11,565.51 $859.87 $0.00 $65.39 $12,490.77
15 $12,490.77 $859.87 $0.00 $70.62 $13,421.26
16 $13,421.26 $859.87 $0.00 $75.89 $14,357.02
17 $14,357.02 $859.87 $0.00 $81.18 $15,298.07
18 $15,298.07 $859.87 $0.00 $86.50 $16,244.44
19 $16,244.44 $859.87 $0.00 $91.85 $17,196.16
20 $17,196.16 $859.87 $0.00 $97.23 $18,153.26
21 $18,153.26 $859.87 $0.00 $102.64 $19,115.77
22 $19,115.77 $859.87 $0.00 $108.08 $20,083.72
23 $20,083.72 $859.87 $0.00 $113.56 $21,057.15
24 $21,057.15 $859.87 $0.00 $119.06 $22,036.08
25 $22,036.08 $859.87 $0.00 $124.60 $23,020.55
26 $23,020.55 $859.87 $0.00 $130.16 $24,010.58
27 $24,010.58 $859.87 $0.00 $135.76 $25,006.21
28 $25,006.21 $859.87 $0.00 $141.39 $26,007.47
29 $26,007.47 $859.87 $0.00 $147.05 $27,014.39
30 $27,014.39 $859.87 $0.00 $152.74 $28,027.00
31 $28,027.00 $859.87 $0.00 $158.47 $29,045.34
32 $29,045.34 $859.87 $0.00 $164.23 $30,069.44
33 $30,069.44 $859.87 $0.00 $170.02 $31,099.33
34 $31,099.33 $859.87 $0.00 $175.84 $32,135.04
35 $32,135.04 $859.87 $0.00 $181.70 $33,176.61
36 $33,176.61 $859.87 $0.00 $187.59 $34,224.07
37 $34,224.07 $859.87 $0.00 $193.51 $35,277.45
38 $35,277.45 $859.87 $0.00 $199.46 $36,336.78
39 $36,336.78 $859.87 $0.00 $205.45 $37,402.10
40 $37,402.10 $859.87 $0.00 $211.48 $38,473.45
41 $38,473.45 $859.87 $0.00 $217.53 $39,550.85
42 $39,550.85 $859.87 $0.00 $223.63 $40,634.35
43 $40,634.35 $859.87 $0.00 $229.75 $41,723.97
44 $41,723.97 $859.87 $0.00 $235.91 $42,819.75
45 $42,819.75 $859.87 $0.00 $242.11 $43,921.73
46 $43,921.73 $859.87 $0.00 $248.34 $45,029.94
47 $45,029.94 $859.87 $0.00 $254.61 $46,144.42
48 $46,144.42 $859.87 $0.00 $260.91 $47,265.20
49 $47,265.20 $859.87 $0.00 $267.24 $48,392.31
50 $48,392.31 $859.87 $0.00 $273.62 $49,525.80
51 $49,525.80 $859.87 $0.00 $280.03 $50,665.70
52 $50,665.70 $859.87 $0.00 $286.47 $51,812.04
53 $51,812.04 $859.87 $0.00 $292.95 $52,964.86
54 $52,964.86 $859.87 $0.00 $299.47 $54,124.20
55 $54,124.20 $859.87 $0.00 $306.03 $55,290.10
56 $55,290.10 $859.87 $0.00 $312.62 $56,462.59
57 $56,462.59 $859.87 $0.00 $319.25 $57,641.71
58 $57,641.71 $859.87 $0.00 $325.91 $58,827.49
59 $58,827.49 $859.87 $0.00 $332.62 $60,019.98
60 $60,019.98 $859.87 $0.00 $339.36 $61,219.21
61 $61,219.21 $859.87 $0.00 $346.14 $62,425.22
62 $62,425.22 $859.87 $0.00 $352.96 $63,638.05
63 $63,638.05 $859.87 $0.00 $359.82 $64,857.74
64 $64,857.74 $859.87 $0.00 $366.72 $66,084.33
65 $66,084.33 $859.87 $0.00 $373.65 $67,317.85
66 $67,317.85 $859.87 $0.00 $380.62 $68,558.34
67 $68,558.34 $859.87 $0.00 $387.64 $69,805.85
68 $69,805.85 $859.87 $0.00 $394.69 $71,060.41
69 $71,060.41 $859.87 $0.00 $401.79 $72,322.07
70 $72,322.07 $859.87 $0.00 $408.92 $73,590.86
71 $73,590.86 $859.87 $0.00 $416.09 $74,866.82
72 $74,866.82 $859.87 $0.00 $423.31 $76,150.00
73 $76,150.00 $859.87 $0.00 $430.56 $77,440.43
74 $77,440.43 $859.87 $0.00 $437.86 $78,738.16
75 $78,738.16 $859.87 $0.00 $445.20 $80,043.23
76 $80,043.23 $859.87 $0.00 $452.58 $81,355.68
77 $81,355.68 $859.87 $0.00 $460.00 $82,675.55
78 $82,675.55 $859.87 $0.00 $467.46 $84,002.88
79 $84,002.88 $859.87 $0.00 $474.96 $85,337.71
80 $85,337.71 $859.87 $0.00 $482.51 $86,680.09
81 $86,680.09 $859.87 $0.00 $490.10 $88,030.06
82 $88,030.06 $859.87 $0.00 $497.73 $89,387.66
83 $89,387.66 $859.87 $0.00 $505.41 $90,752.94
84 $90,752.94 $859.87 $0.00 $513.13 $92,125.94
85 $92,125.94 $859.87 $0.00 $520.89 $93,506.70
86 $93,506.70 $859.87 $0.00 $528.70 $94,895.27
87 $94,895.27 $859.87 $0.00 $536.55 $96,291.69
88 $96,291.69 $859.87 $0.00 $544.45 $97,696.01
89 $97,696.01 $859.87 $0.00 $552.39 $99,108.27
90 $99,108.27 $859.87 $0.00 $560.37 $100,528.51
91 $100,528.51 $859.87 $0.00 $568.40 $101,956.78
92 $101,956.78 $859.87 $0.00 $576.48 $103,393.13
93 $103,393.13 $859.87 $0.00 $584.60 $104,837.60
94 $104,837.60 $859.87 $0.00 $592.77 $106,290.24
95 $106,290.24 $859.87 $0.00 $600.98 $107,751.09
96 $107,751.09 $859.87 $0.00 $609.24 $109,220.20
97 $109,220.20 $859.87 $0.00 $617.55 $110,697.62
98 $110,697.62 $859.87 $0.00 $625.90 $112,183.39
99 $112,183.39 $859.87 $0.00 $634.30 $113,677.56
100 $113,677.56 $859.87 $0.00 $642.75 $115,180.18
101 $115,180.18 $859.87 $0.00 $651.25 $116,691.30
102 $116,691.30 $859.87 $0.00 $659.79 $118,210.96
103 $118,210.96 $859.87 $0.00 $668.38 $119,739.21
104 $119,739.21 $859.87 $0.00 $677.02 $121,276.10
105 $121,276.10 $859.87 $0.00 $685.71 $122,821.68
106 $122,821.68 $859.87 $0.00 $694.45 $124,376.00
107 $124,376.00 $859.87 $0.00 $703.24 $125,939.11
108 $125,939.11 $859.87 $0.00 $712.08 $127,511.06
109 $127,511.06 $859.87 $0.00 $720.97 $129,091.90
110 $129,091.90 $859.87 $0.00 $729.90 $130,681.67
111 $130,681.67 $859.87 $0.00 $738.89 $132,280.43
112 $132,280.43 $859.87 $0.00 $747.93 $133,888.23
113 $133,888.23 $859.87 $0.00 $757.02 $135,505.12
114 $135,505.12 $859.87 $0.00 $766.17 $137,131.16
115 $137,131.16 $859.87 $0.00 $775.36 $138,766.39
116 $138,766.39 $859.87 $0.00 $784.61 $140,410.87
117 $140,410.87 $859.87 $0.00 $793.90 $142,064.64
118 $142,064.64 $859.87 $0.00 $803.25 $143,727.76
119 $143,727.76 $859.87 $0.00 $812.66 $145,400.29
120 $145,400.29 $859.87 $0.00 $822.11 $147,082.27
121 $147,082.27 $859.87 $0.00 $831.62 $148,773.76
122 $148,773.76 $859.87 $0.00 $841.19 $150,474.82
123 $150,474.82 $859.87 $0.00 $850.81 $152,185.50
124 $152,185.50 $859.87 $0.00 $860.48 $153,905.85
125 $153,905.85 $859.87 $0.00 $870.21 $155,635.93
126 $155,635.93 $859.87 $0.00 $879.99 $157,375.79
127 $157,375.79 $859.87 $0.00 $889.83 $159,125.49
128 $159,125.49 $859.87 $0.00 $899.72 $160,885.08
129 $160,885.08 $859.87 $0.00 $909.67 $162,654.62
130 $162,654.62 $859.87 $0.00 $919.67 $164,434.16
131 $164,434.16 $859.87 $0.00 $929.73 $166,223.76
132 $166,223.76 $859.87 $0.00 $939.85 $168,023.48
133 $168,023.48 $859.87 $0.00 $950.03 $169,833.38
134 $169,833.38 $859.87 $0.00 $960.26 $171,653.51
135 $171,653.51 $859.87 $0.00 $970.55 $173,483.93
136 $173,483.93 $859.87 $0.00 $980.90 $175,324.70
137 $175,324.70 $859.87 $0.00 $991.31 $177,175.88
138 $177,175.88 $859.87 $0.00 $1,001.78 $179,037.53
139 $179,037.53 $859.87 $0.00 $1,012.30 $180,909.70
140 $180,909.70 $859.87 $0.00 $1,022.89 $182,792.46
141 $182,792.46 $859.87 $0.00 $1,033.54 $184,685.87
142 $184,685.87 $859.87 $0.00 $1,044.24 $186,589.98
143 $186,589.98 $859.87 $0.00 $1,055.01 $188,504.86
144 $188,504.86 $859.87 $0.00 $1,065.83 $190,430.56
145 $190,430.56 $859.87 $0.00 $1,076.72 $192,367.15
146 $192,367.15 $859.87 $0.00 $1,087.67 $194,314.69
147 $194,314.69 $859.87 $0.00 $1,098.68 $196,273.24
148 $196,273.24 $859.87 $0.00 $1,109.76 $198,242.87
149 $198,242.87 $859.87 $0.00 $1,120.89 $200,223.63
150 $200,223.63 $859.87 $0.00 $1,132.09 $202,215.59
151 $202,215.59 $859.87 $0.00 $1,143.36 $204,218.82
152 $204,218.82 $859.87 $0.00 $1,154.68 $206,233.37
153 $206,233.37 $859.87 $0.00 $1,166.07 $208,259.31
154 $208,259.31 $859.87 $0.00 $1,177.53 $210,296.71
155 $210,296.71 $859.87 $0.00 $1,189.05 $212,345.63
156 $212,345.63 $859.87 $0.00 $1,200.63 $214,406.13
157 $214,406.13 $859.87 $0.00 $1,212.28 $216,478.28
158 $216,478.28 $859.87 $0.00 $1,224.00 $218,562.15
159 $218,562.15 $859.87 $0.00 $1,235.78 $220,657.80
160 $220,657.80 $859.87 $0.00 $1,247.63 $222,765.30
161 $222,765.30 $859.87 $0.00 $1,259.55 $224,884.72
162 $224,884.72 $859.87 $0.00 $1,271.53 $227,016.12
163 $227,016.12 $859.87 $0.00 $1,283.58 $229,159.57
164 $229,159.57 $859.87 $0.00 $1,295.70 $231,315.14
165 $231,315.14 $859.87 $0.00 $1,307.89 $233,482.90
166 $233,482.90 $859.87 $0.00 $1,320.15 $235,662.92
167 $235,662.92 $859.87 $0.00 $1,332.47 $237,855.26
168 $237,855.26 $859.87 $0.00 $1,344.87 $240,060.00
169 $240,060.00 $859.87 $0.00 $1,357.33 $242,277.20
170 $242,277.20 $859.87 $0.00 $1,369.87 $244,506.94
171 $244,506.94 $859.87 $0.00 $1,382.48 $246,749.29
172 $246,749.29 $859.87 $0.00 $1,395.16 $249,004.32
173 $249,004.32 $859.87 $0.00 $1,407.91 $251,272.10
174 $251,272.10 $859.87 $0.00 $1,420.73 $253,552.70
175 $253,552.70 $859.87 $0.00 $1,433.62 $255,846.19
176 $255,846.19 $859.87 $0.00 $1,446.59 $258,152.65
177 $258,152.65 $859.87 $0.00 $1,459.63 $260,472.15
178 $260,472.15 $859.87 $0.00 $1,472.75 $262,804.77
179 $262,804.77 $859.87 $0.00 $1,485.94 $265,150.58
180 $265,150.58 $859.87 $0.00 $1,499.20 $267,509.65
181 $267,509.65 $859.87 $0.00 $1,512.54 $269,882.06
182 $269,882.06 $859.87 $0.00 $1,525.95 $272,267.88
183 $272,267.88 $859.87 $0.00 $1,539.44 $274,667.19
184 $274,667.19 $859.87 $0.00 $1,553.01 $277,080.07
185 $277,080.07 $859.87 $0.00 $1,566.65 $279,506.59
186 $279,506.59 $859.87 $0.00 $1,580.37 $281,946.83
187 $281,946.83 $859.87 $0.00 $1,594.17 $284,400.87
188 $284,400.87 $859.87 $0.00 $1,608.04 $286,868.78
189 $286,868.78 $859.87 $0.00 $1,622.00 $289,350.65
190 $289,350.65 $859.87 $0.00 $1,636.03 $291,846.55
191 $291,846.55 $859.87 $0.00 $1,650.14 $294,356.56
192 $294,356.56 $859.87 $0.00 $1,664.33 $296,880.76
193 $296,880.76 $859.87 $0.00 $1,678.61 $299,419.24
194 $299,419.24 $859.87 $0.00 $1,692.96 $301,972.07
195 $301,972.07 $859.87 $0.00 $1,707.39 $304,539.33
196 $304,539.33 $859.87 $0.00 $1,721.91 $307,121.11
197 $307,121.11 $859.87 $0.00 $1,736.51 $309,717.49
198 $309,717.49 $859.87 $0.00 $1,751.19 $312,328.55
199 $312,328.55 $859.87 $0.00 $1,765.95 $314,954.37
200 $314,954.37 $859.87 $0.00 $1,780.80 $317,595.04
201 $317,595.04 $859.87 $0.00 $1,795.73 $320,250.64
202 $320,250.64 $859.87 $0.00 $1,810.74 $322,921.25
203 $322,921.25 $859.87 $0.00 $1,825.84 $325,606.96
204 $325,606.96 $859.87 $0.00 $1,841.03 $328,307.86
205 $328,307.86 $859.87 $0.00 $1,856.30 $331,024.03
206 $331,024.03 $859.87 $0.00 $1,871.66 $333,755.56
207 $333,755.56 $859.87 $0.00 $1,887.10 $336,502.53
208 $336,502.53 $859.87 $0.00 $1,902.63 $339,265.03
209 $339,265.03 $859.87 $0.00 $1,918.25 $342,043.15
210 $342,043.15 $859.87 $0.00 $1,933.96 $344,836.98
211 $344,836.98 $859.87 $0.00 $1,949.76 $347,646.61
212 $347,646.61 $859.87 $0.00 $1,965.64 $350,472.12
213 $350,472.12 $859.87 $0.00 $1,981.62 $353,313.61
214 $353,313.61 $859.87 $0.00 $1,997.69 $356,171.17
215 $356,171.17 $859.87 $0.00 $2,013.84 $359,044.88
216 $359,044.88 $859.87 $0.00 $2,030.09 $361,934.84
217 $361,934.84 $859.87 $98,018.04 $2,046.43 $266,823.10
218 $266,823.10 $859.87 $0.00 $1,508.66 $269,191.63
219 $269,191.63 $859.87 $0.00 $1,522.05 $271,573.55
220 $271,573.55 $859.87 $0.00 $1,535.52 $273,968.94
221 $273,968.94 $859.87 $0.00 $1,549.06 $276,377.87
222 $276,377.87 $859.87 $0.00 $1,562.68 $278,800.42
223 $278,800.42 $859.87 $0.00 $1,576.38 $281,236.67
224 $281,236.67 $859.87 $0.00 $1,590.15 $283,686.69
225 $283,686.69 $859.87 $0.00 $1,604.01 $286,150.57
226 $286,150.57 $859.87 $0.00 $1,617.94 $288,628.38
227 $288,628.38 $859.87 $0.00 $1,631.95 $291,120.20
228 $291,120.20 $859.87 $0.00 $1,646.04 $293,626.11
229 $293,626.11 $859.87 $104,879.30 $1,660.20 $191,266.88
230 $191,266.88 $859.87 $0.00 $1,081.45 $193,208.20
231 $193,208.20 $859.87 $0.00 $1,092.43 $195,160.50
232 $195,160.50 $859.87 $0.00 $1,103.47 $197,123.84
233 $197,123.84 $859.87 $0.00 $1,114.57 $199,098.28
234 $199,098.28 $859.87 $0.00 $1,125.73 $201,083.88
235 $201,083.88 $859.87 $0.00 $1,136.96 $203,080.71
236 $203,080.71 $859.87 $0.00 $1,148.25 $205,088.83
237 $205,088.83 $859.87 $0.00 $1,159.60 $207,108.30
238 $207,108.30 $859.87 $0.00 $1,171.02 $209,139.19
239 $209,139.19 $859.87 $0.00 $1,182.50 $211,181.56
240 $211,181.56 $859.87 $0.00 $1,194.05 $213,235.48
241 $213,235.48 $859.87 $112,220.85 $1,205.66 $103,080.16
242 $103,080.16 $859.87 $0.00 $582.83 $104,522.86
243 $104,522.86 $859.87 $0.00 $590.99 $105,973.72
244 $105,973.72 $859.87 $0.00 $599.19 $107,432.78
245 $107,432.78 $859.87 $0.00 $607.44 $108,900.09
246 $108,900.09 $859.87 $0.00 $615.74 $110,375.70
247 $110,375.70 $859.87 $0.00 $624.08 $111,859.65
248 $111,859.65 $859.87 $0.00 $632.47 $113,351.99
249 $113,351.99 $859.87 $0.00 $640.91 $114,852.77
250 $114,852.77 $859.87 $0.00 $649.39 $116,362.03
251 $116,362.03 $859.87 $0.00 $657.93 $117,879.83
252 $117,879.83 $859.87 $0.00 $666.51 $119,406.21
253 $119,406.21 $0.00 $120,076.31 $675.14 $5.04