Savings Plan and Future Cost Estimation for Virginia Wesleyan College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2042$194,239
Monthly savings required$1,535

How much will it cost to send your child to Virginia Wesleyan College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $776,957.23 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,535.11 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$51,774.00
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 $1,535.11 $0.00 $0.00 $1,535.11
2 $1,535.11 $1,535.11 $0.00 $8.68 $3,078.90
3 $3,078.90 $1,535.11 $0.00 $17.41 $4,631.42
4 $4,631.42 $1,535.11 $0.00 $26.19 $6,192.72
5 $6,192.72 $1,535.11 $0.00 $35.01 $7,762.84
6 $7,762.84 $1,535.11 $0.00 $43.89 $9,341.84
7 $9,341.84 $1,535.11 $0.00 $52.82 $10,929.77
8 $10,929.77 $1,535.11 $0.00 $61.80 $12,526.68
9 $12,526.68 $1,535.11 $0.00 $70.83 $14,132.62
10 $14,132.62 $1,535.11 $0.00 $79.91 $15,747.64
11 $15,747.64 $1,535.11 $0.00 $89.04 $17,371.79
12 $17,371.79 $1,535.11 $0.00 $98.22 $19,005.12
13 $19,005.12 $1,535.11 $0.00 $107.46 $20,647.69
14 $20,647.69 $1,535.11 $0.00 $116.75 $22,299.55
15 $22,299.55 $1,535.11 $0.00 $126.08 $23,960.74
16 $23,960.74 $1,535.11 $0.00 $135.48 $25,631.33
17 $25,631.33 $1,535.11 $0.00 $144.92 $27,311.36
18 $27,311.36 $1,535.11 $0.00 $154.42 $29,000.89
19 $29,000.89 $1,535.11 $0.00 $163.98 $30,699.98
20 $30,699.98 $1,535.11 $0.00 $173.58 $32,408.67
21 $32,408.67 $1,535.11 $0.00 $183.24 $34,127.02
22 $34,127.02 $1,535.11 $0.00 $192.96 $35,855.09
23 $35,855.09 $1,535.11 $0.00 $202.73 $37,592.93
24 $37,592.93 $1,535.11 $0.00 $212.56 $39,340.60
25 $39,340.60 $1,535.11 $0.00 $222.44 $41,098.15
26 $41,098.15 $1,535.11 $0.00 $232.37 $42,865.63
27 $42,865.63 $1,535.11 $0.00 $242.37 $44,643.11
28 $44,643.11 $1,535.11 $0.00 $252.42 $46,430.64
29 $46,430.64 $1,535.11 $0.00 $262.53 $48,228.28
30 $48,228.28 $1,535.11 $0.00 $272.69 $50,036.08
31 $50,036.08 $1,535.11 $0.00 $282.91 $51,854.10
32 $51,854.10 $1,535.11 $0.00 $293.19 $53,682.40
33 $53,682.40 $1,535.11 $0.00 $303.53 $55,521.04
34 $55,521.04 $1,535.11 $0.00 $313.92 $57,370.07
35 $57,370.07 $1,535.11 $0.00 $324.38 $59,229.56
36 $59,229.56 $1,535.11 $0.00 $334.89 $61,099.56
37 $61,099.56 $1,535.11 $0.00 $345.47 $62,980.14
38 $62,980.14 $1,535.11 $0.00 $356.10 $64,871.35
39 $64,871.35 $1,535.11 $0.00 $366.79 $66,773.25
40 $66,773.25 $1,535.11 $0.00 $377.55 $68,685.91
41 $68,685.91 $1,535.11 $0.00 $388.36 $70,609.38
42 $70,609.38 $1,535.11 $0.00 $399.24 $72,543.73
43 $72,543.73 $1,535.11 $0.00 $410.17 $74,489.01
44 $74,489.01 $1,535.11 $0.00 $421.17 $76,445.29
45 $76,445.29 $1,535.11 $0.00 $432.23 $78,412.63
46 $78,412.63 $1,535.11 $0.00 $443.36 $80,391.10
47 $80,391.10 $1,535.11 $0.00 $454.54 $82,380.75
48 $82,380.75 $1,535.11 $0.00 $465.79 $84,381.65
49 $84,381.65 $1,535.11 $0.00 $477.11 $86,393.87
50 $86,393.87 $1,535.11 $0.00 $488.48 $88,417.46
51 $88,417.46 $1,535.11 $0.00 $499.93 $90,452.50
52 $90,452.50 $1,535.11 $0.00 $511.43 $92,499.04
53 $92,499.04 $1,535.11 $0.00 $523.00 $94,557.15
54 $94,557.15 $1,535.11 $0.00 $534.64 $96,626.90
55 $96,626.90 $1,535.11 $0.00 $546.34 $98,708.35
56 $98,708.35 $1,535.11 $0.00 $558.11 $100,801.57
57 $100,801.57 $1,535.11 $0.00 $569.95 $102,906.63
58 $102,906.63 $1,535.11 $0.00 $581.85 $105,023.59
59 $105,023.59 $1,535.11 $0.00 $593.82 $107,152.52
60 $107,152.52 $1,535.11 $0.00 $605.86 $109,293.49
61 $109,293.49 $1,535.11 $0.00 $617.96 $111,446.56
62 $111,446.56 $1,535.11 $0.00 $630.14 $113,611.81
63 $113,611.81 $1,535.11 $0.00 $642.38 $115,789.30
64 $115,789.30 $1,535.11 $0.00 $654.69 $117,979.10
65 $117,979.10 $1,535.11 $0.00 $667.07 $120,181.28
66 $120,181.28 $1,535.11 $0.00 $679.52 $122,395.91
67 $122,395.91 $1,535.11 $0.00 $692.04 $124,623.06
68 $124,623.06 $1,535.11 $0.00 $704.64 $126,862.81
69 $126,862.81 $1,535.11 $0.00 $717.30 $129,115.22
70 $129,115.22 $1,535.11 $0.00 $730.04 $131,380.37
71 $131,380.37 $1,535.11 $0.00 $742.84 $133,658.32
72 $133,658.32 $1,535.11 $0.00 $755.72 $135,949.15
73 $135,949.15 $1,535.11 $0.00 $768.68 $138,252.94
74 $138,252.94 $1,535.11 $0.00 $781.70 $140,569.75
75 $140,569.75 $1,535.11 $0.00 $794.80 $142,899.66
76 $142,899.66 $1,535.11 $0.00 $807.98 $145,242.75
77 $145,242.75 $1,535.11 $0.00 $821.22 $147,599.08
78 $147,599.08 $1,535.11 $0.00 $834.55 $149,968.74
79 $149,968.74 $1,535.11 $0.00 $847.95 $152,351.80
80 $152,351.80 $1,535.11 $0.00 $861.42 $154,748.33
81 $154,748.33 $1,535.11 $0.00 $874.97 $157,158.41
82 $157,158.41 $1,535.11 $0.00 $888.60 $159,582.12
83 $159,582.12 $1,535.11 $0.00 $902.30 $162,019.53
84 $162,019.53 $1,535.11 $0.00 $916.08 $164,470.72
85 $164,470.72 $1,535.11 $0.00 $929.94 $166,935.77
86 $166,935.77 $1,535.11 $0.00 $943.88 $169,414.76
87 $169,414.76 $1,535.11 $0.00 $957.90 $171,907.77
88 $171,907.77 $1,535.11 $0.00 $971.99 $174,414.87
89 $174,414.87 $1,535.11 $0.00 $986.17 $176,936.15
90 $176,936.15 $1,535.11 $0.00 $1,000.42 $179,471.68
91 $179,471.68 $1,535.11 $0.00 $1,014.76 $182,021.55
92 $182,021.55 $1,535.11 $0.00 $1,029.18 $184,585.84
93 $184,585.84 $1,535.11 $0.00 $1,043.68 $187,164.63
94 $187,164.63 $1,535.11 $0.00 $1,058.26 $189,758.00
95 $189,758.00 $1,535.11 $0.00 $1,072.92 $192,366.03
96 $192,366.03 $1,535.11 $0.00 $1,087.67 $194,988.81
97 $194,988.81 $1,535.11 $0.00 $1,102.50 $197,626.42
98 $197,626.42 $1,535.11 $0.00 $1,117.41 $200,278.94
99 $200,278.94 $1,535.11 $0.00 $1,132.41 $202,946.46
100 $202,946.46 $1,535.11 $0.00 $1,147.49 $205,629.06
101 $205,629.06 $1,535.11 $0.00 $1,162.66 $208,326.83
102 $208,326.83 $1,535.11 $0.00 $1,177.91 $211,039.85
103 $211,039.85 $1,535.11 $0.00 $1,193.25 $213,768.21
104 $213,768.21 $1,535.11 $0.00 $1,208.68 $216,512.00
105 $216,512.00 $1,535.11 $0.00 $1,224.19 $219,271.30
106 $219,271.30 $1,535.11 $0.00 $1,239.79 $222,046.20
107 $222,046.20 $1,535.11 $0.00 $1,255.48 $224,836.79
108 $224,836.79 $1,535.11 $0.00 $1,271.26 $227,643.16
109 $227,643.16 $1,535.11 $0.00 $1,287.13 $230,465.40
110 $230,465.40 $1,535.11 $0.00 $1,303.08 $233,303.59
111 $233,303.59 $1,535.11 $0.00 $1,319.13 $236,157.83
112 $236,157.83 $1,535.11 $0.00 $1,335.27 $239,028.21
113 $239,028.21 $1,535.11 $0.00 $1,351.50 $241,914.82
114 $241,914.82 $1,535.11 $0.00 $1,367.82 $244,817.75
115 $244,817.75 $1,535.11 $0.00 $1,384.24 $247,737.10
116 $247,737.10 $1,535.11 $0.00 $1,400.74 $250,672.95
117 $250,672.95 $1,535.11 $0.00 $1,417.34 $253,625.40
118 $253,625.40 $1,535.11 $0.00 $1,434.03 $256,594.54
119 $256,594.54 $1,535.11 $0.00 $1,450.82 $259,580.47
120 $259,580.47 $1,535.11 $0.00 $1,467.71 $262,583.29
121 $262,583.29 $1,535.11 $0.00 $1,484.68 $265,603.08
122 $265,603.08 $1,535.11 $0.00 $1,501.76 $268,639.95
123 $268,639.95 $1,535.11 $0.00 $1,518.93 $271,693.99
124 $271,693.99 $1,535.11 $0.00 $1,536.20 $274,765.30
125 $274,765.30 $1,535.11 $0.00 $1,553.56 $277,853.97
126 $277,853.97 $1,535.11 $0.00 $1,571.03 $280,960.11
127 $280,960.11 $1,535.11 $0.00 $1,588.59 $284,083.81
128 $284,083.81 $1,535.11 $0.00 $1,606.25 $287,225.17
129 $287,225.17 $1,535.11 $0.00 $1,624.01 $290,384.29
130 $290,384.29 $1,535.11 $0.00 $1,641.87 $293,561.27
131 $293,561.27 $1,535.11 $0.00 $1,659.84 $296,756.22
132 $296,756.22 $1,535.11 $0.00 $1,677.90 $299,969.23
133 $299,969.23 $1,535.11 $0.00 $1,696.07 $303,200.41
134 $303,200.41 $1,535.11 $0.00 $1,714.34 $306,449.86
135 $306,449.86 $1,535.11 $0.00 $1,732.71 $309,717.68
136 $309,717.68 $1,535.11 $0.00 $1,751.19 $313,003.98
137 $313,003.98 $1,535.11 $0.00 $1,769.77 $316,308.86
138 $316,308.86 $1,535.11 $0.00 $1,788.46 $319,632.43
139 $319,632.43 $1,535.11 $0.00 $1,807.25 $322,974.79
140 $322,974.79 $1,535.11 $0.00 $1,826.15 $326,336.05
141 $326,336.05 $1,535.11 $0.00 $1,845.15 $329,716.31
142 $329,716.31 $1,535.11 $0.00 $1,864.26 $333,115.68
143 $333,115.68 $1,535.11 $0.00 $1,883.48 $336,534.27
144 $336,534.27 $1,535.11 $0.00 $1,902.81 $339,972.19
145 $339,972.19 $1,535.11 $0.00 $1,922.25 $343,429.55
146 $343,429.55 $1,535.11 $0.00 $1,941.80 $346,906.46
147 $346,906.46 $1,535.11 $0.00 $1,961.46 $350,403.03
148 $350,403.03 $1,535.11 $0.00 $1,981.23 $353,919.37
149 $353,919.37 $1,535.11 $0.00 $2,001.11 $357,455.59
150 $357,455.59 $1,535.11 $0.00 $2,021.11 $361,011.81
151 $361,011.81 $1,535.11 $0.00 $2,041.21 $364,588.13
152 $364,588.13 $1,535.11 $0.00 $2,061.43 $368,184.67
153 $368,184.67 $1,535.11 $0.00 $2,081.77 $371,801.55
154 $371,801.55 $1,535.11 $0.00 $2,102.22 $375,438.88
155 $375,438.88 $1,535.11 $0.00 $2,122.79 $379,096.78
156 $379,096.78 $1,535.11 $0.00 $2,143.47 $382,775.36
157 $382,775.36 $1,535.11 $0.00 $2,164.27 $386,474.74
158 $386,474.74 $1,535.11 $0.00 $2,185.18 $390,195.03
159 $390,195.03 $1,535.11 $0.00 $2,206.22 $393,936.36
160 $393,936.36 $1,535.11 $0.00 $2,227.37 $397,698.84
161 $397,698.84 $1,535.11 $0.00 $2,248.65 $401,482.60
162 $401,482.60 $1,535.11 $0.00 $2,270.04 $405,287.75
163 $405,287.75 $1,535.11 $0.00 $2,291.56 $409,114.42
164 $409,114.42 $1,535.11 $0.00 $2,313.19 $412,962.72
165 $412,962.72 $1,535.11 $0.00 $2,334.95 $416,832.78
166 $416,832.78 $1,535.11 $0.00 $2,356.83 $420,724.72
167 $420,724.72 $1,535.11 $0.00 $2,378.84 $424,638.67
168 $424,638.67 $1,535.11 $0.00 $2,400.97 $428,574.75
169 $428,574.75 $1,535.11 $0.00 $2,423.22 $432,533.08
170 $432,533.08 $1,535.11 $0.00 $2,445.60 $436,513.79
171 $436,513.79 $1,535.11 $0.00 $2,468.11 $440,517.01
172 $440,517.01 $1,535.11 $0.00 $2,490.75 $444,542.87
173 $444,542.87 $1,535.11 $0.00 $2,513.51 $448,591.49
174 $448,591.49 $1,535.11 $0.00 $2,536.40 $452,663.00
175 $452,663.00 $1,535.11 $0.00 $2,559.42 $456,757.53
176 $456,757.53 $1,535.11 $0.00 $2,582.57 $460,875.21
177 $460,875.21 $1,535.11 $0.00 $2,605.86 $465,016.18
178 $465,016.18 $1,535.11 $0.00 $2,629.27 $469,180.56
179 $469,180.56 $1,535.11 $0.00 $2,652.82 $473,368.49
180 $473,368.49 $1,535.11 $0.00 $2,676.49 $477,580.09
181 $477,580.09 $1,535.11 $0.00 $2,700.31 $481,815.51
182 $481,815.51 $1,535.11 $0.00 $2,724.25 $486,074.87
183 $486,074.87 $1,535.11 $0.00 $2,748.34 $490,358.32
184 $490,358.32 $1,535.11 $0.00 $2,772.56 $494,665.99
185 $494,665.99 $1,535.11 $0.00 $2,796.91 $498,998.01
186 $498,998.01 $1,535.11 $0.00 $2,821.41 $503,354.53
187 $503,354.53 $1,535.11 $0.00 $2,846.04 $507,735.68
188 $507,735.68 $1,535.11 $0.00 $2,870.81 $512,141.60
189 $512,141.60 $1,535.11 $0.00 $2,895.72 $516,572.43
190 $516,572.43 $1,535.11 $0.00 $2,920.78 $521,028.32
191 $521,028.32 $1,535.11 $0.00 $2,945.97 $525,509.40
192 $525,509.40 $1,535.11 $0.00 $2,971.31 $530,015.82
193 $530,015.82 $1,535.11 $0.00 $2,996.79 $534,547.72
194 $534,547.72 $1,535.11 $0.00 $3,022.41 $539,105.24
195 $539,105.24 $1,535.11 $0.00 $3,048.18 $543,688.53
196 $543,688.53 $1,535.11 $0.00 $3,074.09 $548,297.73
197 $548,297.73 $1,535.11 $0.00 $3,100.16 $552,933.00
198 $552,933.00 $1,535.11 $0.00 $3,126.36 $557,594.47
199 $557,594.47 $1,535.11 $0.00 $3,152.72 $562,282.30
200 $562,282.30 $1,535.11 $0.00 $3,179.23 $566,996.64
201 $566,996.64 $1,535.11 $0.00 $3,205.88 $571,737.63
202 $571,737.63 $1,535.11 $0.00 $3,232.69 $576,505.43
203 $576,505.43 $1,535.11 $0.00 $3,259.65 $581,300.19
204 $581,300.19 $1,535.11 $0.00 $3,286.76 $586,122.06
205 $586,122.06 $1,535.11 $0.00 $3,314.02 $590,971.19
206 $590,971.19 $1,535.11 $0.00 $3,341.44 $595,847.74
207 $595,847.74 $1,535.11 $0.00 $3,369.01 $600,751.86
208 $600,751.86 $1,535.11 $0.00 $3,396.74 $605,683.71
209 $605,683.71 $1,535.11 $0.00 $3,424.62 $610,643.44
210 $610,643.44 $1,535.11 $0.00 $3,452.67 $615,631.22
211 $615,631.22 $1,535.11 $0.00 $3,480.87 $620,647.20
212 $620,647.20 $1,535.11 $0.00 $3,509.23 $625,691.54
213 $625,691.54 $1,535.11 $0.00 $3,537.75 $630,764.40
214 $630,764.40 $1,535.11 $0.00 $3,566.43 $635,865.94
215 $635,865.94 $1,535.11 $0.00 $3,595.28 $640,996.33
216 $640,996.33 $1,535.11 $0.00 $3,624.29 $646,155.73
217 $646,155.73 $1,535.11 $174,992.61 $3,653.46 $476,351.69
218 $476,351.69 $1,535.11 $0.00 $2,693.36 $480,580.16
219 $480,580.16 $1,535.11 $0.00 $2,717.27 $484,832.54
220 $484,832.54 $1,535.11 $0.00 $2,741.31 $489,108.96
221 $489,108.96 $1,535.11 $0.00 $2,765.49 $493,409.56
222 $493,409.56 $1,535.11 $0.00 $2,789.81 $497,734.48
223 $497,734.48 $1,535.11 $0.00 $2,814.26 $502,083.85
224 $502,083.85 $1,535.11 $0.00 $2,838.86 $506,457.82
225 $506,457.82 $1,535.11 $0.00 $2,863.59 $510,856.52
226 $510,856.52 $1,535.11 $0.00 $2,888.46 $515,280.09
227 $515,280.09 $1,535.11 $0.00 $2,913.47 $519,728.67
228 $519,728.67 $1,535.11 $0.00 $2,938.62 $524,202.40
229 $524,202.40 $1,535.11 $187,242.10 $2,963.92 $341,459.33
230 $341,459.33 $1,535.11 $0.00 $1,930.66 $344,925.10
231 $344,925.10 $1,535.11 $0.00 $1,950.26 $348,410.47
232 $348,410.47 $1,535.11 $0.00 $1,969.96 $351,915.54
233 $351,915.54 $1,535.11 $0.00 $1,989.78 $355,440.43
234 $355,440.43 $1,535.11 $0.00 $2,009.71 $358,985.25
235 $358,985.25 $1,535.11 $0.00 $2,029.75 $362,550.11
236 $362,550.11 $1,535.11 $0.00 $2,049.91 $366,135.13
237 $366,135.13 $1,535.11 $0.00 $2,070.18 $369,740.42
238 $369,740.42 $1,535.11 $0.00 $2,090.57 $373,366.10
239 $373,366.10 $1,535.11 $0.00 $2,111.07 $377,012.28
240 $377,012.28 $1,535.11 $0.00 $2,131.68 $380,679.07
241 $380,679.07 $1,535.11 $200,349.04 $2,152.41 $184,017.55
242 $184,017.55 $1,535.11 $0.00 $1,040.46 $186,593.12
243 $186,593.12 $1,535.11 $0.00 $1,055.02 $189,183.25
244 $189,183.25 $1,535.11 $0.00 $1,069.67 $191,788.03
245 $191,788.03 $1,535.11 $0.00 $1,084.40 $194,407.54
246 $194,407.54 $1,535.11 $0.00 $1,099.21 $197,041.86
247 $197,041.86 $1,535.11 $0.00 $1,114.10 $199,691.07
248 $199,691.07 $1,535.11 $0.00 $1,129.08 $202,355.26
249 $202,355.26 $1,535.11 $0.00 $1,144.15 $205,034.52
250 $205,034.52 $1,535.11 $0.00 $1,159.29 $207,728.92
251 $207,728.92 $1,535.11 $0.00 $1,174.53 $210,438.56
252 $210,438.56 $1,535.11 $0.00 $1,189.85 $213,163.52
253 $213,163.52 $0.00 $214,373.48 $1,205.26 -$4.70