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 2042$88,067
Monthly savings required$696

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 $352,267.43 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $696.01 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$23,474.00
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 $696.01 $0.00 $0.00 $696.01
2 $696.01 $696.01 $0.00 $3.94 $1,395.96
3 $1,395.96 $696.01 $0.00 $7.89 $2,099.86
4 $2,099.86 $696.01 $0.00 $11.87 $2,807.74
5 $2,807.74 $696.01 $0.00 $15.88 $3,519.63
6 $3,519.63 $696.01 $0.00 $19.90 $4,235.54
7 $4,235.54 $696.01 $0.00 $23.95 $4,955.50
8 $4,955.50 $696.01 $0.00 $28.02 $5,679.53
9 $5,679.53 $696.01 $0.00 $32.11 $6,407.65
10 $6,407.65 $696.01 $0.00 $36.23 $7,139.89
11 $7,139.89 $696.01 $0.00 $40.37 $7,876.27
12 $7,876.27 $696.01 $0.00 $44.53 $8,616.81
13 $8,616.81 $696.01 $0.00 $48.72 $9,361.54
14 $9,361.54 $696.01 $0.00 $52.93 $10,110.48
15 $10,110.48 $696.01 $0.00 $57.17 $10,863.66
16 $10,863.66 $696.01 $0.00 $61.42 $11,621.09
17 $11,621.09 $696.01 $0.00 $65.71 $12,382.81
18 $12,382.81 $696.01 $0.00 $70.01 $13,148.83
19 $13,148.83 $696.01 $0.00 $74.35 $13,919.19
20 $13,919.19 $696.01 $0.00 $78.70 $14,693.90
21 $14,693.90 $696.01 $0.00 $83.08 $15,472.99
22 $15,472.99 $696.01 $0.00 $87.49 $16,256.49
23 $16,256.49 $696.01 $0.00 $91.92 $17,044.42
24 $17,044.42 $696.01 $0.00 $96.37 $17,836.80
25 $17,836.80 $696.01 $0.00 $100.85 $18,633.66
26 $18,633.66 $696.01 $0.00 $105.36 $19,435.03
27 $19,435.03 $696.01 $0.00 $109.89 $20,240.93
28 $20,240.93 $696.01 $0.00 $114.45 $21,051.39
29 $21,051.39 $696.01 $0.00 $119.03 $21,866.43
30 $21,866.43 $696.01 $0.00 $123.64 $22,686.08
31 $22,686.08 $696.01 $0.00 $128.27 $23,510.36
32 $23,510.36 $696.01 $0.00 $132.93 $24,339.30
33 $24,339.30 $696.01 $0.00 $137.62 $25,172.93
34 $25,172.93 $696.01 $0.00 $142.33 $26,011.27
35 $26,011.27 $696.01 $0.00 $147.07 $26,854.35
36 $26,854.35 $696.01 $0.00 $151.84 $27,702.20
37 $27,702.20 $696.01 $0.00 $156.63 $28,554.84
38 $28,554.84 $696.01 $0.00 $161.45 $29,412.30
39 $29,412.30 $696.01 $0.00 $166.30 $30,274.61
40 $30,274.61 $696.01 $0.00 $171.18 $31,141.80
41 $31,141.80 $696.01 $0.00 $176.08 $32,013.89
42 $32,013.89 $696.01 $0.00 $181.01 $32,890.91
43 $32,890.91 $696.01 $0.00 $185.97 $33,772.89
44 $33,772.89 $696.01 $0.00 $190.96 $34,659.86
45 $34,659.86 $696.01 $0.00 $195.97 $35,551.84
46 $35,551.84 $696.01 $0.00 $201.02 $36,448.87
47 $36,448.87 $696.01 $0.00 $206.09 $37,350.97
48 $37,350.97 $696.01 $0.00 $211.19 $38,258.17
49 $38,258.17 $696.01 $0.00 $216.32 $39,170.50
50 $39,170.50 $696.01 $0.00 $221.48 $40,087.99
51 $40,087.99 $696.01 $0.00 $226.66 $41,010.66
52 $41,010.66 $696.01 $0.00 $231.88 $41,938.55
53 $41,938.55 $696.01 $0.00 $237.13 $42,871.69
54 $42,871.69 $696.01 $0.00 $242.40 $43,810.10
55 $43,810.10 $696.01 $0.00 $247.71 $44,753.82
56 $44,753.82 $696.01 $0.00 $253.04 $45,702.87
57 $45,702.87 $696.01 $0.00 $258.41 $46,657.29
58 $46,657.29 $696.01 $0.00 $263.81 $47,617.11
59 $47,617.11 $696.01 $0.00 $269.23 $48,582.35
60 $48,582.35 $696.01 $0.00 $274.69 $49,553.05
61 $49,553.05 $696.01 $0.00 $280.18 $50,529.24
62 $50,529.24 $696.01 $0.00 $285.70 $51,510.95
63 $51,510.95 $696.01 $0.00 $291.25 $52,498.21
64 $52,498.21 $696.01 $0.00 $296.83 $53,491.05
65 $53,491.05 $696.01 $0.00 $302.45 $54,489.51
66 $54,489.51 $696.01 $0.00 $308.09 $55,493.61
67 $55,493.61 $696.01 $0.00 $313.77 $56,503.39
68 $56,503.39 $696.01 $0.00 $319.48 $57,518.88
69 $57,518.88 $696.01 $0.00 $325.22 $58,540.11
70 $58,540.11 $696.01 $0.00 $330.99 $59,567.11
71 $59,567.11 $696.01 $0.00 $336.80 $60,599.92
72 $60,599.92 $696.01 $0.00 $342.64 $61,638.57
73 $61,638.57 $696.01 $0.00 $348.51 $62,683.09
74 $62,683.09 $696.01 $0.00 $354.42 $63,733.52
75 $63,733.52 $696.01 $0.00 $360.36 $64,789.89
76 $64,789.89 $696.01 $0.00 $366.33 $65,852.23
77 $65,852.23 $696.01 $0.00 $372.34 $66,920.58
78 $66,920.58 $696.01 $0.00 $378.38 $67,994.97
79 $67,994.97 $696.01 $0.00 $384.45 $69,075.43
80 $69,075.43 $696.01 $0.00 $390.56 $70,162.00
81 $70,162.00 $696.01 $0.00 $396.71 $71,254.72
82 $71,254.72 $696.01 $0.00 $402.88 $72,353.61
83 $72,353.61 $696.01 $0.00 $409.10 $73,458.72
84 $73,458.72 $696.01 $0.00 $415.35 $74,570.08
85 $74,570.08 $696.01 $0.00 $421.63 $75,687.72
86 $75,687.72 $696.01 $0.00 $427.95 $76,811.68
87 $76,811.68 $696.01 $0.00 $434.30 $77,941.99
88 $77,941.99 $696.01 $0.00 $440.70 $79,078.70
89 $79,078.70 $696.01 $0.00 $447.12 $80,221.83
90 $80,221.83 $696.01 $0.00 $453.59 $81,371.43
91 $81,371.43 $696.01 $0.00 $460.09 $82,527.53
92 $82,527.53 $696.01 $0.00 $466.62 $83,690.16
93 $83,690.16 $696.01 $0.00 $473.20 $84,859.37
94 $84,859.37 $696.01 $0.00 $479.81 $86,035.19
95 $86,035.19 $696.01 $0.00 $486.46 $87,217.66
96 $87,217.66 $696.01 $0.00 $493.14 $88,406.81
97 $88,406.81 $696.01 $0.00 $499.86 $89,602.68
98 $89,602.68 $696.01 $0.00 $506.63 $90,805.32
99 $90,805.32 $696.01 $0.00 $513.43 $92,014.76
100 $92,014.76 $696.01 $0.00 $520.26 $93,231.03
101 $93,231.03 $696.01 $0.00 $527.14 $94,454.18
102 $94,454.18 $696.01 $0.00 $534.06 $95,684.25
103 $95,684.25 $696.01 $0.00 $541.01 $96,921.27
104 $96,921.27 $696.01 $0.00 $548.01 $98,165.29
105 $98,165.29 $696.01 $0.00 $555.04 $99,416.34
106 $99,416.34 $696.01 $0.00 $562.11 $100,674.46
107 $100,674.46 $696.01 $0.00 $569.23 $101,939.70
108 $101,939.70 $696.01 $0.00 $576.38 $103,212.09
109 $103,212.09 $696.01 $0.00 $583.58 $104,491.68
110 $104,491.68 $696.01 $0.00 $590.81 $105,778.50
111 $105,778.50 $696.01 $0.00 $598.09 $107,072.60
112 $107,072.60 $696.01 $0.00 $605.40 $108,374.01
113 $108,374.01 $696.01 $0.00 $612.76 $109,682.78
114 $109,682.78 $696.01 $0.00 $620.16 $110,998.95
115 $110,998.95 $696.01 $0.00 $627.60 $112,322.56
116 $112,322.56 $696.01 $0.00 $635.09 $113,653.66
117 $113,653.66 $696.01 $0.00 $642.61 $114,992.28
118 $114,992.28 $696.01 $0.00 $650.18 $116,338.47
119 $116,338.47 $696.01 $0.00 $657.79 $117,692.27
120 $117,692.27 $696.01 $0.00 $665.45 $119,053.73
121 $119,053.73 $696.01 $0.00 $673.15 $120,422.89
122 $120,422.89 $696.01 $0.00 $680.89 $121,799.79
123 $121,799.79 $696.01 $0.00 $688.67 $123,184.47
124 $123,184.47 $696.01 $0.00 $696.50 $124,576.98
125 $124,576.98 $696.01 $0.00 $704.38 $125,977.37
126 $125,977.37 $696.01 $0.00 $712.29 $127,385.67
127 $127,385.67 $696.01 $0.00 $720.26 $128,801.94
128 $128,801.94 $696.01 $0.00 $728.26 $130,226.21
129 $130,226.21 $696.01 $0.00 $736.32 $131,658.54
130 $131,658.54 $696.01 $0.00 $744.42 $133,098.97
131 $133,098.97 $696.01 $0.00 $752.56 $134,547.54
132 $134,547.54 $696.01 $0.00 $760.75 $136,004.30
133 $136,004.30 $696.01 $0.00 $768.99 $137,469.30
134 $137,469.30 $696.01 $0.00 $777.27 $138,942.58
135 $138,942.58 $696.01 $0.00 $785.60 $140,424.19
136 $140,424.19 $696.01 $0.00 $793.98 $141,914.18
137 $141,914.18 $696.01 $0.00 $802.40 $143,412.59
138 $143,412.59 $696.01 $0.00 $810.88 $144,919.48
139 $144,919.48 $696.01 $0.00 $819.40 $146,434.89
140 $146,434.89 $696.01 $0.00 $827.96 $147,958.86
141 $147,958.86 $696.01 $0.00 $836.58 $149,491.45
142 $149,491.45 $696.01 $0.00 $845.25 $151,032.71
143 $151,032.71 $696.01 $0.00 $853.96 $152,582.68
144 $152,582.68 $696.01 $0.00 $862.72 $154,141.41
145 $154,141.41 $696.01 $0.00 $871.54 $155,708.96
146 $155,708.96 $696.01 $0.00 $880.40 $157,285.37
147 $157,285.37 $696.01 $0.00 $889.31 $158,870.69
148 $158,870.69 $696.01 $0.00 $898.28 $160,464.98
149 $160,464.98 $696.01 $0.00 $907.29 $162,068.28
150 $162,068.28 $696.01 $0.00 $916.36 $163,680.65
151 $163,680.65 $696.01 $0.00 $925.47 $165,302.13
152 $165,302.13 $696.01 $0.00 $934.64 $166,932.78
153 $166,932.78 $696.01 $0.00 $943.86 $168,572.65
154 $168,572.65 $696.01 $0.00 $953.13 $170,221.79
155 $170,221.79 $696.01 $0.00 $962.46 $171,880.26
156 $171,880.26 $696.01 $0.00 $971.84 $173,548.11
157 $173,548.11 $696.01 $0.00 $981.27 $175,225.39
158 $175,225.39 $696.01 $0.00 $990.75 $176,912.15
159 $176,912.15 $696.01 $0.00 $1,000.29 $178,608.45
160 $178,608.45 $696.01 $0.00 $1,009.88 $180,314.34
161 $180,314.34 $696.01 $0.00 $1,019.52 $182,029.87
162 $182,029.87 $696.01 $0.00 $1,029.22 $183,755.10
163 $183,755.10 $696.01 $0.00 $1,038.98 $185,490.09
164 $185,490.09 $696.01 $0.00 $1,048.79 $187,234.89
165 $187,234.89 $696.01 $0.00 $1,058.65 $188,989.55
166 $188,989.55 $696.01 $0.00 $1,068.57 $190,754.13
167 $190,754.13 $696.01 $0.00 $1,078.55 $192,528.69
168 $192,528.69 $696.01 $0.00 $1,088.59 $194,313.29
169 $194,313.29 $696.01 $0.00 $1,098.68 $196,107.98
170 $196,107.98 $696.01 $0.00 $1,108.82 $197,912.81
171 $197,912.81 $696.01 $0.00 $1,119.03 $199,727.85
172 $199,727.85 $696.01 $0.00 $1,129.29 $201,553.15
173 $201,553.15 $696.01 $0.00 $1,139.61 $203,388.77
174 $203,388.77 $696.01 $0.00 $1,149.99 $205,234.77
175 $205,234.77 $696.01 $0.00 $1,160.43 $207,091.21
176 $207,091.21 $696.01 $0.00 $1,170.92 $208,958.14
177 $208,958.14 $696.01 $0.00 $1,181.48 $210,835.63
178 $210,835.63 $696.01 $0.00 $1,192.10 $212,723.74
179 $212,723.74 $696.01 $0.00 $1,202.77 $214,622.52
180 $214,622.52 $696.01 $0.00 $1,213.51 $216,532.04
181 $216,532.04 $696.01 $0.00 $1,224.30 $218,452.35
182 $218,452.35 $696.01 $0.00 $1,235.16 $220,383.52
183 $220,383.52 $696.01 $0.00 $1,246.08 $222,325.61
184 $222,325.61 $696.01 $0.00 $1,257.06 $224,278.68
185 $224,278.68 $696.01 $0.00 $1,268.10 $226,242.79
186 $226,242.79 $696.01 $0.00 $1,279.21 $228,218.01
187 $228,218.01 $696.01 $0.00 $1,290.38 $230,204.40
188 $230,204.40 $696.01 $0.00 $1,301.61 $232,202.02
189 $232,202.02 $696.01 $0.00 $1,312.90 $234,210.93
190 $234,210.93 $696.01 $0.00 $1,324.26 $236,231.20
191 $236,231.20 $696.01 $0.00 $1,335.69 $238,262.90
192 $238,262.90 $696.01 $0.00 $1,347.17 $240,306.08
193 $240,306.08 $696.01 $0.00 $1,358.73 $242,360.82
194 $242,360.82 $696.01 $0.00 $1,370.34 $244,427.17
195 $244,427.17 $696.01 $0.00 $1,382.03 $246,505.21
196 $246,505.21 $696.01 $0.00 $1,393.78 $248,595.00
197 $248,595.00 $696.01 $0.00 $1,405.59 $250,696.60
198 $250,696.60 $696.01 $0.00 $1,417.48 $252,810.09
199 $252,810.09 $696.01 $0.00 $1,429.43 $254,935.53
200 $254,935.53 $696.01 $0.00 $1,441.44 $257,072.98
201 $257,072.98 $696.01 $0.00 $1,453.53 $259,222.52
202 $259,222.52 $696.01 $0.00 $1,465.68 $261,384.21
203 $261,384.21 $696.01 $0.00 $1,477.90 $263,558.12
204 $263,558.12 $696.01 $0.00 $1,490.20 $265,744.33
205 $265,744.33 $696.01 $0.00 $1,502.56 $267,942.90
206 $267,942.90 $696.01 $0.00 $1,514.99 $270,153.90
207 $270,153.90 $696.01 $0.00 $1,527.49 $272,377.40
208 $272,377.40 $696.01 $0.00 $1,540.06 $274,613.47
209 $274,613.47 $696.01 $0.00 $1,552.70 $276,862.18
210 $276,862.18 $696.01 $0.00 $1,565.42 $279,123.61
211 $279,123.61 $696.01 $0.00 $1,578.21 $281,397.83
212 $281,397.83 $696.01 $0.00 $1,591.06 $283,684.90
213 $283,684.90 $696.01 $0.00 $1,604.00 $285,984.91
214 $285,984.91 $696.01 $0.00 $1,617.00 $288,297.92
215 $288,297.92 $696.01 $0.00 $1,630.08 $290,624.01
216 $290,624.01 $696.01 $0.00 $1,643.23 $292,963.25
217 $292,963.25 $696.01 $79,340.53 $1,656.46 $215,975.19
218 $215,975.19 $696.01 $0.00 $1,221.16 $217,892.36
219 $217,892.36 $696.01 $0.00 $1,232.00 $219,820.37
220 $219,820.37 $696.01 $0.00 $1,242.90 $221,759.28
221 $221,759.28 $696.01 $0.00 $1,253.86 $223,709.15
222 $223,709.15 $696.01 $0.00 $1,264.88 $225,670.04
223 $225,670.04 $696.01 $0.00 $1,275.97 $227,642.02
224 $227,642.02 $696.01 $0.00 $1,287.12 $229,625.15
225 $229,625.15 $696.01 $0.00 $1,298.33 $231,619.49
226 $231,619.49 $696.01 $0.00 $1,309.61 $233,625.11
227 $233,625.11 $696.01 $0.00 $1,320.95 $235,642.07
228 $235,642.07 $696.01 $0.00 $1,332.35 $237,670.43
229 $237,670.43 $696.01 $84,894.37 $1,343.82 $154,815.89
230 $154,815.89 $696.01 $0.00 $875.35 $156,387.25
231 $156,387.25 $696.01 $0.00 $884.24 $157,967.50
232 $157,967.50 $696.01 $0.00 $893.17 $159,556.68
233 $159,556.68 $696.01 $0.00 $902.16 $161,154.85
234 $161,154.85 $696.01 $0.00 $911.19 $162,762.05
235 $162,762.05 $696.01 $0.00 $920.28 $164,378.34
236 $164,378.34 $696.01 $0.00 $929.42 $166,003.77
237 $166,003.77 $696.01 $0.00 $938.61 $167,638.39
238 $167,638.39 $696.01 $0.00 $947.85 $169,282.25
239 $169,282.25 $696.01 $0.00 $957.15 $170,935.41
240 $170,935.41 $696.01 $0.00 $966.49 $172,597.91
241 $172,597.91 $696.01 $90,836.97 $975.89 $83,432.84
242 $83,432.84 $696.01 $0.00 $471.74 $84,600.59
243 $84,600.59 $696.01 $0.00 $478.34 $85,774.94
244 $85,774.94 $696.01 $0.00 $484.98 $86,955.93
245 $86,955.93 $696.01 $0.00 $491.66 $88,143.60
246 $88,143.60 $696.01 $0.00 $498.38 $89,337.99
247 $89,337.99 $696.01 $0.00 $505.13 $90,539.13
248 $90,539.13 $696.01 $0.00 $511.92 $91,747.06
249 $91,747.06 $696.01 $0.00 $518.75 $92,961.82
250 $92,961.82 $696.01 $0.00 $525.62 $94,183.45
251 $94,183.45 $696.01 $0.00 $532.53 $95,411.99
252 $95,411.99 $696.01 $0.00 $539.47 $96,647.47
253 $96,647.47 $0.00 $97,195.56 $546.46 -$1.63