Savings Plan and Future Cost Estimation for West 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$182,710
Monthly savings required$1,444

How much will it cost to send your child to West Virginia Wesleyan College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $730,841.62 for students enrolling in 2042 if tuition increases average 7% per year until then.   Assuming you have no current college savings, monthly deposits of $1,444.00 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$48,701.00
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 $1,444.00 $0.00 $0.00 $1,444.00
2 $1,444.00 $1,444.00 $0.00 $8.16 $2,896.16
3 $2,896.16 $1,444.00 $0.00 $16.38 $4,356.54
4 $4,356.54 $1,444.00 $0.00 $24.63 $5,825.17
5 $5,825.17 $1,444.00 $0.00 $32.94 $7,302.11
6 $7,302.11 $1,444.00 $0.00 $41.29 $8,787.40
7 $8,787.40 $1,444.00 $0.00 $49.69 $10,281.09
8 $10,281.09 $1,444.00 $0.00 $58.13 $11,783.22
9 $11,783.22 $1,444.00 $0.00 $66.62 $13,293.84
10 $13,293.84 $1,444.00 $0.00 $75.17 $14,813.01
11 $14,813.01 $1,444.00 $0.00 $83.75 $16,340.76
12 $16,340.76 $1,444.00 $0.00 $92.39 $17,877.15
13 $17,877.15 $1,444.00 $0.00 $101.08 $19,422.23
14 $19,422.23 $1,444.00 $0.00 $109.82 $20,976.05
15 $20,976.05 $1,444.00 $0.00 $118.60 $22,538.65
16 $22,538.65 $1,444.00 $0.00 $127.44 $24,110.09
17 $24,110.09 $1,444.00 $0.00 $136.32 $25,690.41
18 $25,690.41 $1,444.00 $0.00 $145.26 $27,279.67
19 $27,279.67 $1,444.00 $0.00 $154.24 $28,877.91
20 $28,877.91 $1,444.00 $0.00 $163.28 $30,485.19
21 $30,485.19 $1,444.00 $0.00 $172.37 $32,101.56
22 $32,101.56 $1,444.00 $0.00 $181.51 $33,727.07
23 $33,727.07 $1,444.00 $0.00 $190.70 $35,361.77
24 $35,361.77 $1,444.00 $0.00 $199.94 $37,005.71
25 $37,005.71 $1,444.00 $0.00 $209.24 $38,658.95
26 $38,658.95 $1,444.00 $0.00 $218.58 $40,321.53
27 $40,321.53 $1,444.00 $0.00 $227.98 $41,993.51
28 $41,993.51 $1,444.00 $0.00 $237.44 $43,674.95
29 $43,674.95 $1,444.00 $0.00 $246.94 $45,365.89
30 $45,365.89 $1,444.00 $0.00 $256.51 $47,066.40
31 $47,066.40 $1,444.00 $0.00 $266.12 $48,776.52
32 $48,776.52 $1,444.00 $0.00 $275.79 $50,496.31
33 $50,496.31 $1,444.00 $0.00 $285.51 $52,225.82
34 $52,225.82 $1,444.00 $0.00 $295.29 $53,965.11
35 $53,965.11 $1,444.00 $0.00 $305.13 $55,714.24
36 $55,714.24 $1,444.00 $0.00 $315.02 $57,473.26
37 $57,473.26 $1,444.00 $0.00 $324.96 $59,242.22
38 $59,242.22 $1,444.00 $0.00 $334.96 $61,021.18
39 $61,021.18 $1,444.00 $0.00 $345.02 $62,810.20
40 $62,810.20 $1,444.00 $0.00 $355.14 $64,609.34
41 $64,609.34 $1,444.00 $0.00 $365.31 $66,418.65
42 $66,418.65 $1,444.00 $0.00 $375.54 $68,238.19
43 $68,238.19 $1,444.00 $0.00 $385.83 $70,068.02
44 $70,068.02 $1,444.00 $0.00 $396.17 $71,908.19
45 $71,908.19 $1,444.00 $0.00 $406.58 $73,758.77
46 $73,758.77 $1,444.00 $0.00 $417.04 $75,619.81
47 $75,619.81 $1,444.00 $0.00 $427.57 $77,491.38
48 $77,491.38 $1,444.00 $0.00 $438.15 $79,373.53
49 $79,373.53 $1,444.00 $0.00 $448.79 $81,266.32
50 $81,266.32 $1,444.00 $0.00 $459.49 $83,169.81
51 $83,169.81 $1,444.00 $0.00 $470.25 $85,084.06
52 $85,084.06 $1,444.00 $0.00 $481.08 $87,009.14
53 $87,009.14 $1,444.00 $0.00 $491.96 $88,945.10
54 $88,945.10 $1,444.00 $0.00 $502.91 $90,892.01
55 $90,892.01 $1,444.00 $0.00 $513.92 $92,849.93
56 $92,849.93 $1,444.00 $0.00 $524.99 $94,818.92
57 $94,818.92 $1,444.00 $0.00 $536.12 $96,799.04
58 $96,799.04 $1,444.00 $0.00 $547.32 $98,790.36
59 $98,790.36 $1,444.00 $0.00 $558.58 $100,792.94
60 $100,792.94 $1,444.00 $0.00 $569.90 $102,806.84
61 $102,806.84 $1,444.00 $0.00 $581.28 $104,832.12
62 $104,832.12 $1,444.00 $0.00 $592.74 $106,868.86
63 $106,868.86 $1,444.00 $0.00 $604.25 $108,917.11
64 $108,917.11 $1,444.00 $0.00 $615.83 $110,976.94
65 $110,976.94 $1,444.00 $0.00 $627.48 $113,048.42
66 $113,048.42 $1,444.00 $0.00 $639.19 $115,131.61
67 $115,131.61 $1,444.00 $0.00 $650.97 $117,226.58
68 $117,226.58 $1,444.00 $0.00 $662.82 $119,333.40
69 $119,333.40 $1,444.00 $0.00 $674.73 $121,452.13
70 $121,452.13 $1,444.00 $0.00 $686.71 $123,582.84
71 $123,582.84 $1,444.00 $0.00 $698.76 $125,725.60
72 $125,725.60 $1,444.00 $0.00 $710.87 $127,880.47
73 $127,880.47 $1,444.00 $0.00 $723.05 $130,047.52
74 $130,047.52 $1,444.00 $0.00 $735.31 $132,226.83
75 $132,226.83 $1,444.00 $0.00 $747.63 $134,418.46
76 $134,418.46 $1,444.00 $0.00 $760.02 $136,622.48
77 $136,622.48 $1,444.00 $0.00 $772.48 $138,838.96
78 $138,838.96 $1,444.00 $0.00 $785.02 $141,067.98
79 $141,067.98 $1,444.00 $0.00 $797.62 $143,309.60
80 $143,309.60 $1,444.00 $0.00 $810.29 $145,563.89
81 $145,563.89 $1,444.00 $0.00 $823.04 $147,830.93
82 $147,830.93 $1,444.00 $0.00 $835.86 $150,110.79
83 $150,110.79 $1,444.00 $0.00 $848.75 $152,403.54
84 $152,403.54 $1,444.00 $0.00 $861.71 $154,709.25
85 $154,709.25 $1,444.00 $0.00 $874.75 $157,028.00
86 $157,028.00 $1,444.00 $0.00 $887.86 $159,359.86
87 $159,359.86 $1,444.00 $0.00 $901.04 $161,704.90
88 $161,704.90 $1,444.00 $0.00 $914.30 $164,063.20
89 $164,063.20 $1,444.00 $0.00 $927.64 $166,434.84
90 $166,434.84 $1,444.00 $0.00 $941.05 $168,819.89
91 $168,819.89 $1,444.00 $0.00 $954.53 $171,218.42
92 $171,218.42 $1,444.00 $0.00 $968.09 $173,630.51
93 $173,630.51 $1,444.00 $0.00 $981.73 $176,056.24
94 $176,056.24 $1,444.00 $0.00 $995.45 $178,495.69
95 $178,495.69 $1,444.00 $0.00 $1,009.24 $180,948.93
96 $180,948.93 $1,444.00 $0.00 $1,023.11 $183,416.04
97 $183,416.04 $1,444.00 $0.00 $1,037.06 $185,897.10
98 $185,897.10 $1,444.00 $0.00 $1,051.09 $188,392.19
99 $188,392.19 $1,444.00 $0.00 $1,065.20 $190,901.39
100 $190,901.39 $1,444.00 $0.00 $1,079.38 $193,424.77
101 $193,424.77 $1,444.00 $0.00 $1,093.65 $195,962.42
102 $195,962.42 $1,444.00 $0.00 $1,108.00 $198,514.42
103 $198,514.42 $1,444.00 $0.00 $1,122.43 $201,080.85
104 $201,080.85 $1,444.00 $0.00 $1,136.94 $203,661.79
105 $203,661.79 $1,444.00 $0.00 $1,151.53 $206,257.32
106 $206,257.32 $1,444.00 $0.00 $1,166.21 $208,867.53
107 $208,867.53 $1,444.00 $0.00 $1,180.97 $211,492.50
108 $211,492.50 $1,444.00 $0.00 $1,195.81 $214,132.31
109 $214,132.31 $1,444.00 $0.00 $1,210.74 $216,787.05
110 $216,787.05 $1,444.00 $0.00 $1,225.75 $219,456.80
111 $219,456.80 $1,444.00 $0.00 $1,240.84 $222,141.64
112 $222,141.64 $1,444.00 $0.00 $1,256.02 $224,841.66
113 $224,841.66 $1,444.00 $0.00 $1,271.29 $227,556.95
114 $227,556.95 $1,444.00 $0.00 $1,286.64 $230,287.59
115 $230,287.59 $1,444.00 $0.00 $1,302.08 $233,033.67
116 $233,033.67 $1,444.00 $0.00 $1,317.61 $235,795.28
117 $235,795.28 $1,444.00 $0.00 $1,333.22 $238,572.50
118 $238,572.50 $1,444.00 $0.00 $1,348.92 $241,365.42
119 $241,365.42 $1,444.00 $0.00 $1,364.72 $244,174.14
120 $244,174.14 $1,444.00 $0.00 $1,380.60 $246,998.74
121 $246,998.74 $1,444.00 $0.00 $1,396.57 $249,839.31
122 $249,839.31 $1,444.00 $0.00 $1,412.63 $252,695.94
123 $252,695.94 $1,444.00 $0.00 $1,428.78 $255,568.72
124 $255,568.72 $1,444.00 $0.00 $1,445.02 $258,457.74
125 $258,457.74 $1,444.00 $0.00 $1,461.36 $261,363.10
126 $261,363.10 $1,444.00 $0.00 $1,477.78 $264,284.88
127 $264,284.88 $1,444.00 $0.00 $1,494.31 $267,223.19
128 $267,223.19 $1,444.00 $0.00 $1,510.92 $270,178.11
129 $270,178.11 $1,444.00 $0.00 $1,527.63 $273,149.74
130 $273,149.74 $1,444.00 $0.00 $1,544.43 $276,138.17
131 $276,138.17 $1,444.00 $0.00 $1,561.33 $279,143.50
132 $279,143.50 $1,444.00 $0.00 $1,578.32 $282,165.82
133 $282,165.82 $1,444.00 $0.00 $1,595.41 $285,205.23
134 $285,205.23 $1,444.00 $0.00 $1,612.59 $288,261.82
135 $288,261.82 $1,444.00 $0.00 $1,629.87 $291,335.69
136 $291,335.69 $1,444.00 $0.00 $1,647.25 $294,426.94
137 $294,426.94 $1,444.00 $0.00 $1,664.73 $297,535.67
138 $297,535.67 $1,444.00 $0.00 $1,682.31 $300,661.98
139 $300,661.98 $1,444.00 $0.00 $1,699.99 $303,805.97
140 $303,805.97 $1,444.00 $0.00 $1,717.76 $306,967.73
141 $306,967.73 $1,444.00 $0.00 $1,735.64 $310,147.37
142 $310,147.37 $1,444.00 $0.00 $1,753.62 $313,344.99
143 $313,344.99 $1,444.00 $0.00 $1,771.70 $316,560.69
144 $316,560.69 $1,444.00 $0.00 $1,789.88 $319,794.57
145 $319,794.57 $1,444.00 $0.00 $1,808.16 $323,046.73
146 $323,046.73 $1,444.00 $0.00 $1,826.55 $326,317.28
147 $326,317.28 $1,444.00 $0.00 $1,845.05 $329,606.33
148 $329,606.33 $1,444.00 $0.00 $1,863.64 $332,913.97
149 $332,913.97 $1,444.00 $0.00 $1,882.34 $336,240.31
150 $336,240.31 $1,444.00 $0.00 $1,901.15 $339,585.46
151 $339,585.46 $1,444.00 $0.00 $1,920.07 $342,949.53
152 $342,949.53 $1,444.00 $0.00 $1,939.09 $346,332.62
153 $346,332.62 $1,444.00 $0.00 $1,958.21 $349,734.83
154 $349,734.83 $1,444.00 $0.00 $1,977.45 $353,156.28
155 $353,156.28 $1,444.00 $0.00 $1,996.80 $356,597.08
156 $356,597.08 $1,444.00 $0.00 $2,016.25 $360,057.33
157 $360,057.33 $1,444.00 $0.00 $2,035.82 $363,537.15
158 $363,537.15 $1,444.00 $0.00 $2,055.49 $367,036.64
159 $367,036.64 $1,444.00 $0.00 $2,075.28 $370,555.92
160 $370,555.92 $1,444.00 $0.00 $2,095.18 $374,095.10
161 $374,095.10 $1,444.00 $0.00 $2,115.19 $377,654.29
162 $377,654.29 $1,444.00 $0.00 $2,135.31 $381,233.60
163 $381,233.60 $1,444.00 $0.00 $2,155.55 $384,833.15
164 $384,833.15 $1,444.00 $0.00 $2,175.90 $388,453.05
165 $388,453.05 $1,444.00 $0.00 $2,196.37 $392,093.42
166 $392,093.42 $1,444.00 $0.00 $2,216.95 $395,754.37
167 $395,754.37 $1,444.00 $0.00 $2,237.65 $399,436.02
168 $399,436.02 $1,444.00 $0.00 $2,258.47 $403,138.49
169 $403,138.49 $1,444.00 $0.00 $2,279.40 $406,861.89
170 $406,861.89 $1,444.00 $0.00 $2,300.46 $410,606.35
171 $410,606.35 $1,444.00 $0.00 $2,321.63 $414,371.98
172 $414,371.98 $1,444.00 $0.00 $2,342.92 $418,158.90
173 $418,158.90 $1,444.00 $0.00 $2,364.33 $421,967.23
174 $421,967.23 $1,444.00 $0.00 $2,385.86 $425,797.09
175 $425,797.09 $1,444.00 $0.00 $2,407.52 $429,648.61
176 $429,648.61 $1,444.00 $0.00 $2,429.30 $433,521.91
177 $433,521.91 $1,444.00 $0.00 $2,451.20 $437,417.11
178 $437,417.11 $1,444.00 $0.00 $2,473.22 $441,334.33
179 $441,334.33 $1,444.00 $0.00 $2,495.37 $445,273.70
180 $445,273.70 $1,444.00 $0.00 $2,517.64 $449,235.34
181 $449,235.34 $1,444.00 $0.00 $2,540.04 $453,219.38
182 $453,219.38 $1,444.00 $0.00 $2,562.57 $457,225.95
183 $457,225.95 $1,444.00 $0.00 $2,585.22 $461,255.17
184 $461,255.17 $1,444.00 $0.00 $2,608.00 $465,307.17
185 $465,307.17 $1,444.00 $0.00 $2,630.91 $469,382.08
186 $469,382.08 $1,444.00 $0.00 $2,653.95 $473,480.03
187 $473,480.03 $1,444.00 $0.00 $2,677.12 $477,601.15
188 $477,601.15 $1,444.00 $0.00 $2,700.43 $481,745.58
189 $481,745.58 $1,444.00 $0.00 $2,723.86 $485,913.44
190 $485,913.44 $1,444.00 $0.00 $2,747.43 $490,104.87
191 $490,104.87 $1,444.00 $0.00 $2,771.12 $494,319.99
192 $494,319.99 $1,444.00 $0.00 $2,794.96 $498,558.95
193 $498,558.95 $1,444.00 $0.00 $2,818.92 $502,821.87
194 $502,821.87 $1,444.00 $0.00 $2,843.03 $507,108.90
195 $507,108.90 $1,444.00 $0.00 $2,867.27 $511,420.17
196 $511,420.17 $1,444.00 $0.00 $2,891.64 $515,755.81
197 $515,755.81 $1,444.00 $0.00 $2,916.16 $520,115.97
198 $520,115.97 $1,444.00 $0.00 $2,940.81 $524,500.78
199 $524,500.78 $1,444.00 $0.00 $2,965.60 $528,910.38
200 $528,910.38 $1,444.00 $0.00 $2,990.54 $533,344.92
201 $533,344.92 $1,444.00 $0.00 $3,015.61 $537,804.53
202 $537,804.53 $1,444.00 $0.00 $3,040.83 $542,289.36
203 $542,289.36 $1,444.00 $0.00 $3,066.18 $546,799.54
204 $546,799.54 $1,444.00 $0.00 $3,091.68 $551,335.22
205 $551,335.22 $1,444.00 $0.00 $3,117.33 $555,896.55
206 $555,896.55 $1,444.00 $0.00 $3,143.12 $560,483.67
207 $560,483.67 $1,444.00 $0.00 $3,169.06 $565,096.73
208 $565,096.73 $1,444.00 $0.00 $3,195.14 $569,735.87
209 $569,735.87 $1,444.00 $0.00 $3,221.37 $574,401.24
210 $574,401.24 $1,444.00 $0.00 $3,247.75 $579,092.99
211 $579,092.99 $1,444.00 $0.00 $3,274.28 $583,811.27
212 $583,811.27 $1,444.00 $0.00 $3,300.95 $588,556.22
213 $588,556.22 $1,444.00 $0.00 $3,327.78 $593,328.00
214 $593,328.00 $1,444.00 $0.00 $3,354.76 $598,126.76
215 $598,126.76 $1,444.00 $0.00 $3,381.90 $602,952.66
216 $602,952.66 $1,444.00 $0.00 $3,409.18 $607,805.84
217 $607,805.84 $1,444.00 $164,606.08 $3,436.62 $448,080.38
218 $448,080.38 $1,444.00 $0.00 $2,533.51 $452,057.89
219 $452,057.89 $1,444.00 $0.00 $2,556.00 $456,057.89
220 $456,057.89 $1,444.00 $0.00 $2,578.62 $460,080.51
221 $460,080.51 $1,444.00 $0.00 $2,601.36 $464,125.87
222 $464,125.87 $1,444.00 $0.00 $2,624.24 $468,194.11
223 $468,194.11 $1,444.00 $0.00 $2,647.24 $472,285.35
224 $472,285.35 $1,444.00 $0.00 $2,670.37 $476,399.72
225 $476,399.72 $1,444.00 $0.00 $2,693.63 $480,537.35
226 $480,537.35 $1,444.00 $0.00 $2,717.03 $484,698.38
227 $484,698.38 $1,444.00 $0.00 $2,740.56 $488,882.94
228 $488,882.94 $1,444.00 $0.00 $2,764.22 $493,091.16
229 $493,091.16 $1,444.00 $176,128.51 $2,788.01 $321,194.66
230 $321,194.66 $1,444.00 $0.00 $1,816.08 $324,454.74
231 $324,454.74 $1,444.00 $0.00 $1,834.51 $327,733.25
232 $327,733.25 $1,444.00 $0.00 $1,853.05 $331,030.30
233 $331,030.30 $1,444.00 $0.00 $1,871.69 $334,345.99
234 $334,345.99 $1,444.00 $0.00 $1,890.44 $337,680.43
235 $337,680.43 $1,444.00 $0.00 $1,909.29 $341,033.72
236 $341,033.72 $1,444.00 $0.00 $1,928.25 $344,405.97
237 $344,405.97 $1,444.00 $0.00 $1,947.32 $347,797.29
238 $347,797.29 $1,444.00 $0.00 $1,966.50 $351,207.79
239 $351,207.79 $1,444.00 $0.00 $1,985.78 $354,637.57
240 $354,637.57 $1,444.00 $0.00 $2,005.17 $358,086.74
241 $358,086.74 $1,444.00 $188,457.50 $2,024.67 $173,097.91
242 $173,097.91 $1,444.00 $0.00 $978.72 $175,520.63
243 $175,520.63 $1,444.00 $0.00 $992.42 $177,957.05
244 $177,957.05 $1,444.00 $0.00 $1,006.20 $180,407.25
245 $180,407.25 $1,444.00 $0.00 $1,020.05 $182,871.30
246 $182,871.30 $1,444.00 $0.00 $1,033.98 $185,349.28
247 $185,349.28 $1,444.00 $0.00 $1,047.99 $187,841.27
248 $187,841.27 $1,444.00 $0.00 $1,062.08 $190,347.35
249 $190,347.35 $1,444.00 $0.00 $1,076.25 $192,867.60
250 $192,867.60 $1,444.00 $0.00 $1,090.50 $195,402.10
251 $195,402.10 $1,444.00 $0.00 $1,104.83 $197,950.93
252 $197,950.93 $1,444.00 $0.00 $1,119.24 $200,514.17
253 $200,514.17 $0.00 $201,649.53 $1,133.74 -$1.62