Savings Plan and Future Cost Estimation for California Institute of the Arts

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$194,312
Monthly savings required$1,538

How much will it cost to send your child to California Institute of the Arts in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $777,246.50 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,538.14 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$74,931.00
Years until enrollment18
Annual Tuition Increase5%
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 $1,538.14 $0.00 $0.00 $1,538.14
2 $1,538.14 $1,538.14 $0.00 $8.70 $3,084.98
3 $3,084.98 $1,538.14 $0.00 $17.44 $4,640.56
4 $4,640.56 $1,538.14 $0.00 $26.24 $6,204.94
5 $6,204.94 $1,538.14 $0.00 $35.08 $7,778.16
6 $7,778.16 $1,538.14 $0.00 $43.98 $9,360.28
7 $9,360.28 $1,538.14 $0.00 $52.92 $10,951.34
8 $10,951.34 $1,538.14 $0.00 $61.92 $12,551.40
9 $12,551.40 $1,538.14 $0.00 $70.97 $14,160.51
10 $14,160.51 $1,538.14 $0.00 $80.07 $15,778.72
11 $15,778.72 $1,538.14 $0.00 $89.22 $17,406.08
12 $17,406.08 $1,538.14 $0.00 $98.42 $19,042.64
13 $19,042.64 $1,538.14 $0.00 $107.67 $20,688.45
14 $20,688.45 $1,538.14 $0.00 $116.98 $22,343.57
15 $22,343.57 $1,538.14 $0.00 $126.33 $24,008.04
16 $24,008.04 $1,538.14 $0.00 $135.74 $25,681.92
17 $25,681.92 $1,538.14 $0.00 $145.21 $27,365.27
18 $27,365.27 $1,538.14 $0.00 $154.73 $29,058.14
19 $29,058.14 $1,538.14 $0.00 $164.30 $30,760.58
20 $30,760.58 $1,538.14 $0.00 $173.92 $32,472.64
21 $32,472.64 $1,538.14 $0.00 $183.61 $34,194.39
22 $34,194.39 $1,538.14 $0.00 $193.34 $35,925.87
23 $35,925.87 $1,538.14 $0.00 $203.13 $37,667.14
24 $37,667.14 $1,538.14 $0.00 $212.98 $39,418.26
25 $39,418.26 $1,538.14 $0.00 $222.88 $41,179.28
26 $41,179.28 $1,538.14 $0.00 $232.83 $42,950.25
27 $42,950.25 $1,538.14 $0.00 $242.85 $44,731.24
28 $44,731.24 $1,538.14 $0.00 $252.92 $46,522.30
29 $46,522.30 $1,538.14 $0.00 $263.04 $48,323.48
30 $48,323.48 $1,538.14 $0.00 $273.23 $50,134.85
31 $50,134.85 $1,538.14 $0.00 $283.47 $51,956.46
32 $51,956.46 $1,538.14 $0.00 $293.77 $53,788.37
33 $53,788.37 $1,538.14 $0.00 $304.13 $55,630.64
34 $55,630.64 $1,538.14 $0.00 $314.54 $57,483.32
35 $57,483.32 $1,538.14 $0.00 $325.02 $59,346.48
36 $59,346.48 $1,538.14 $0.00 $335.55 $61,220.17
37 $61,220.17 $1,538.14 $0.00 $346.15 $63,104.46
38 $63,104.46 $1,538.14 $0.00 $356.80 $64,999.40
39 $64,999.40 $1,538.14 $0.00 $367.52 $66,905.06
40 $66,905.06 $1,538.14 $0.00 $378.29 $68,821.49
41 $68,821.49 $1,538.14 $0.00 $389.13 $70,748.76
42 $70,748.76 $1,538.14 $0.00 $400.02 $72,686.92
43 $72,686.92 $1,538.14 $0.00 $410.98 $74,636.04
44 $74,636.04 $1,538.14 $0.00 $422.00 $76,596.18
45 $76,596.18 $1,538.14 $0.00 $433.09 $78,567.41
46 $78,567.41 $1,538.14 $0.00 $444.23 $80,549.78
47 $80,549.78 $1,538.14 $0.00 $455.44 $82,543.36
48 $82,543.36 $1,538.14 $0.00 $466.71 $84,548.21
49 $84,548.21 $1,538.14 $0.00 $478.05 $86,564.40
50 $86,564.40 $1,538.14 $0.00 $489.45 $88,591.99
51 $88,591.99 $1,538.14 $0.00 $500.91 $90,631.04
52 $90,631.04 $1,538.14 $0.00 $512.44 $92,681.62
53 $92,681.62 $1,538.14 $0.00 $524.04 $94,743.80
54 $94,743.80 $1,538.14 $0.00 $535.70 $96,817.64
55 $96,817.64 $1,538.14 $0.00 $547.42 $98,903.20
56 $98,903.20 $1,538.14 $0.00 $559.21 $101,000.55
57 $101,000.55 $1,538.14 $0.00 $571.07 $103,109.76
58 $103,109.76 $1,538.14 $0.00 $583.00 $105,230.90
59 $105,230.90 $1,538.14 $0.00 $594.99 $107,364.03
60 $107,364.03 $1,538.14 $0.00 $607.05 $109,509.22
61 $109,509.22 $1,538.14 $0.00 $619.18 $111,666.54
62 $111,666.54 $1,538.14 $0.00 $631.38 $113,836.06
63 $113,836.06 $1,538.14 $0.00 $643.65 $116,017.85
64 $116,017.85 $1,538.14 $0.00 $655.98 $118,211.97
65 $118,211.97 $1,538.14 $0.00 $668.39 $120,418.50
66 $120,418.50 $1,538.14 $0.00 $680.86 $122,637.50
67 $122,637.50 $1,538.14 $0.00 $693.41 $124,869.05
68 $124,869.05 $1,538.14 $0.00 $706.03 $127,113.22
69 $127,113.22 $1,538.14 $0.00 $718.72 $129,370.08
70 $129,370.08 $1,538.14 $0.00 $731.48 $131,639.70
71 $131,639.70 $1,538.14 $0.00 $744.31 $133,922.15
72 $133,922.15 $1,538.14 $0.00 $757.22 $136,217.51
73 $136,217.51 $1,538.14 $0.00 $770.19 $138,525.84
74 $138,525.84 $1,538.14 $0.00 $783.25 $140,847.23
75 $140,847.23 $1,538.14 $0.00 $796.37 $143,181.74
76 $143,181.74 $1,538.14 $0.00 $809.57 $145,529.45
77 $145,529.45 $1,538.14 $0.00 $822.84 $147,890.43
78 $147,890.43 $1,538.14 $0.00 $836.19 $150,264.76
79 $150,264.76 $1,538.14 $0.00 $849.62 $152,652.52
80 $152,652.52 $1,538.14 $0.00 $863.12 $155,053.78
81 $155,053.78 $1,538.14 $0.00 $876.70 $157,468.62
82 $157,468.62 $1,538.14 $0.00 $890.35 $159,897.11
83 $159,897.11 $1,538.14 $0.00 $904.08 $162,339.33
84 $162,339.33 $1,538.14 $0.00 $917.89 $164,795.36
85 $164,795.36 $1,538.14 $0.00 $931.78 $167,265.28
86 $167,265.28 $1,538.14 $0.00 $945.74 $169,749.16
87 $169,749.16 $1,538.14 $0.00 $959.79 $172,247.09
88 $172,247.09 $1,538.14 $0.00 $973.91 $174,759.14
89 $174,759.14 $1,538.14 $0.00 $988.11 $177,285.39
90 $177,285.39 $1,538.14 $0.00 $1,002.40 $179,825.93
91 $179,825.93 $1,538.14 $0.00 $1,016.76 $182,380.83
92 $182,380.83 $1,538.14 $0.00 $1,031.21 $184,950.18
93 $184,950.18 $1,538.14 $0.00 $1,045.74 $187,534.06
94 $187,534.06 $1,538.14 $0.00 $1,060.34 $190,132.54
95 $190,132.54 $1,538.14 $0.00 $1,075.04 $192,745.72
96 $192,745.72 $1,538.14 $0.00 $1,089.81 $195,373.67
97 $195,373.67 $1,538.14 $0.00 $1,104.67 $198,016.48
98 $198,016.48 $1,538.14 $0.00 $1,119.61 $200,674.23
99 $200,674.23 $1,538.14 $0.00 $1,134.64 $203,347.01
100 $203,347.01 $1,538.14 $0.00 $1,149.75 $206,034.90
101 $206,034.90 $1,538.14 $0.00 $1,164.95 $208,737.99
102 $208,737.99 $1,538.14 $0.00 $1,180.23 $211,456.36
103 $211,456.36 $1,538.14 $0.00 $1,195.61 $214,190.11
104 $214,190.11 $1,538.14 $0.00 $1,211.06 $216,939.31
105 $216,939.31 $1,538.14 $0.00 $1,226.61 $219,704.06
106 $219,704.06 $1,538.14 $0.00 $1,242.24 $222,484.44
107 $222,484.44 $1,538.14 $0.00 $1,257.96 $225,280.54
108 $225,280.54 $1,538.14 $0.00 $1,273.77 $228,092.45
109 $228,092.45 $1,538.14 $0.00 $1,289.67 $230,920.26
110 $230,920.26 $1,538.14 $0.00 $1,305.66 $233,764.06
111 $233,764.06 $1,538.14 $0.00 $1,321.74 $236,623.94
112 $236,623.94 $1,538.14 $0.00 $1,337.91 $239,499.99
113 $239,499.99 $1,538.14 $0.00 $1,354.17 $242,392.30
114 $242,392.30 $1,538.14 $0.00 $1,370.52 $245,300.96
115 $245,300.96 $1,538.14 $0.00 $1,386.97 $248,226.07
116 $248,226.07 $1,538.14 $0.00 $1,403.51 $251,167.72
117 $251,167.72 $1,538.14 $0.00 $1,420.14 $254,126.00
118 $254,126.00 $1,538.14 $0.00 $1,436.87 $257,101.01
119 $257,101.01 $1,538.14 $0.00 $1,453.69 $260,092.84
120 $260,092.84 $1,538.14 $0.00 $1,470.60 $263,101.58
121 $263,101.58 $1,538.14 $0.00 $1,487.61 $266,127.33
122 $266,127.33 $1,538.14 $0.00 $1,504.72 $269,170.19
123 $269,170.19 $1,538.14 $0.00 $1,521.93 $272,230.26
124 $272,230.26 $1,538.14 $0.00 $1,539.23 $275,307.63
125 $275,307.63 $1,538.14 $0.00 $1,556.63 $278,402.40
126 $278,402.40 $1,538.14 $0.00 $1,574.13 $281,514.67
127 $281,514.67 $1,538.14 $0.00 $1,591.72 $284,644.53
128 $284,644.53 $1,538.14 $0.00 $1,609.42 $287,792.09
129 $287,792.09 $1,538.14 $0.00 $1,627.22 $290,957.45
130 $290,957.45 $1,538.14 $0.00 $1,645.12 $294,140.71
131 $294,140.71 $1,538.14 $0.00 $1,663.11 $297,341.96
132 $297,341.96 $1,538.14 $0.00 $1,681.21 $300,561.31
133 $300,561.31 $1,538.14 $0.00 $1,699.42 $303,798.87
134 $303,798.87 $1,538.14 $0.00 $1,717.72 $307,054.73
135 $307,054.73 $1,538.14 $0.00 $1,736.13 $310,329.00
136 $310,329.00 $1,538.14 $0.00 $1,754.65 $313,621.79
137 $313,621.79 $1,538.14 $0.00 $1,773.26 $316,933.19
138 $316,933.19 $1,538.14 $0.00 $1,791.99 $320,263.32
139 $320,263.32 $1,538.14 $0.00 $1,810.82 $323,612.28
140 $323,612.28 $1,538.14 $0.00 $1,829.75 $326,980.17
141 $326,980.17 $1,538.14 $0.00 $1,848.79 $330,367.10
142 $330,367.10 $1,538.14 $0.00 $1,867.94 $333,773.18
143 $333,773.18 $1,538.14 $0.00 $1,887.20 $337,198.52
144 $337,198.52 $1,538.14 $0.00 $1,906.57 $340,643.23
145 $340,643.23 $1,538.14 $0.00 $1,926.05 $344,107.42
146 $344,107.42 $1,538.14 $0.00 $1,945.63 $347,591.19
147 $347,591.19 $1,538.14 $0.00 $1,965.33 $351,094.66
148 $351,094.66 $1,538.14 $0.00 $1,985.14 $354,617.94
149 $354,617.94 $1,538.14 $0.00 $2,005.06 $358,161.14
150 $358,161.14 $1,538.14 $0.00 $2,025.10 $361,724.38
151 $361,724.38 $1,538.14 $0.00 $2,045.24 $365,307.76
152 $365,307.76 $1,538.14 $0.00 $2,065.50 $368,911.40
153 $368,911.40 $1,538.14 $0.00 $2,085.88 $372,535.42
154 $372,535.42 $1,538.14 $0.00 $2,106.37 $376,179.93
155 $376,179.93 $1,538.14 $0.00 $2,126.98 $379,845.05
156 $379,845.05 $1,538.14 $0.00 $2,147.70 $383,530.89
157 $383,530.89 $1,538.14 $0.00 $2,168.54 $387,237.57
158 $387,237.57 $1,538.14 $0.00 $2,189.50 $390,965.21
159 $390,965.21 $1,538.14 $0.00 $2,210.57 $394,713.92
160 $394,713.92 $1,538.14 $0.00 $2,231.77 $398,483.83
161 $398,483.83 $1,538.14 $0.00 $2,253.09 $402,275.06
162 $402,275.06 $1,538.14 $0.00 $2,274.52 $406,087.72
163 $406,087.72 $1,538.14 $0.00 $2,296.08 $409,921.94
164 $409,921.94 $1,538.14 $0.00 $2,317.76 $413,777.84
165 $413,777.84 $1,538.14 $0.00 $2,339.56 $417,655.54
166 $417,655.54 $1,538.14 $0.00 $2,361.49 $421,555.17
167 $421,555.17 $1,538.14 $0.00 $2,383.53 $425,476.84
168 $425,476.84 $1,538.14 $0.00 $2,405.71 $429,420.69
169 $429,420.69 $1,538.14 $0.00 $2,428.01 $433,386.84
170 $433,386.84 $1,538.14 $0.00 $2,450.43 $437,375.41
171 $437,375.41 $1,538.14 $0.00 $2,472.98 $441,386.53
172 $441,386.53 $1,538.14 $0.00 $2,495.66 $445,420.33
173 $445,420.33 $1,538.14 $0.00 $2,518.47 $449,476.94
174 $449,476.94 $1,538.14 $0.00 $2,541.41 $453,556.49
175 $453,556.49 $1,538.14 $0.00 $2,564.47 $457,659.10
176 $457,659.10 $1,538.14 $0.00 $2,587.67 $461,784.91
177 $461,784.91 $1,538.14 $0.00 $2,611.00 $465,934.05
178 $465,934.05 $1,538.14 $0.00 $2,634.46 $470,106.65
179 $470,106.65 $1,538.14 $0.00 $2,658.05 $474,302.84
180 $474,302.84 $1,538.14 $0.00 $2,681.78 $478,522.76
181 $478,522.76 $1,538.14 $0.00 $2,705.64 $482,766.54
182 $482,766.54 $1,538.14 $0.00 $2,729.63 $487,034.31
183 $487,034.31 $1,538.14 $0.00 $2,753.76 $491,326.21
184 $491,326.21 $1,538.14 $0.00 $2,778.03 $495,642.38
185 $495,642.38 $1,538.14 $0.00 $2,802.43 $499,982.95
186 $499,982.95 $1,538.14 $0.00 $2,826.98 $504,348.07
187 $504,348.07 $1,538.14 $0.00 $2,851.66 $508,737.87
188 $508,737.87 $1,538.14 $0.00 $2,876.48 $513,152.49
189 $513,152.49 $1,538.14 $0.00 $2,901.44 $517,592.07
190 $517,592.07 $1,538.14 $0.00 $2,926.54 $522,056.75
191 $522,056.75 $1,538.14 $0.00 $2,951.78 $526,546.67
192 $526,546.67 $1,538.14 $0.00 $2,977.17 $531,061.98
193 $531,061.98 $1,538.14 $0.00 $3,002.70 $535,602.82
194 $535,602.82 $1,538.14 $0.00 $3,028.38 $540,169.34
195 $540,169.34 $1,538.14 $0.00 $3,054.20 $544,761.68
196 $544,761.68 $1,538.14 $0.00 $3,080.16 $549,379.98
197 $549,379.98 $1,538.14 $0.00 $3,106.27 $554,024.39
198 $554,024.39 $1,538.14 $0.00 $3,132.53 $558,695.06
199 $558,695.06 $1,538.14 $0.00 $3,158.94 $563,392.14
200 $563,392.14 $1,538.14 $0.00 $3,185.50 $568,115.78
201 $568,115.78 $1,538.14 $0.00 $3,212.21 $572,866.13
202 $572,866.13 $1,538.14 $0.00 $3,239.07 $577,643.34
203 $577,643.34 $1,538.14 $0.00 $3,266.08 $582,447.56
204 $582,447.56 $1,538.14 $0.00 $3,293.24 $587,278.94
205 $587,278.94 $1,538.14 $0.00 $3,320.56 $592,137.64
206 $592,137.64 $1,538.14 $0.00 $3,348.03 $597,023.81
207 $597,023.81 $1,538.14 $0.00 $3,375.66 $601,937.61
208 $601,937.61 $1,538.14 $0.00 $3,403.44 $606,879.19
209 $606,879.19 $1,538.14 $0.00 $3,431.38 $611,848.71
210 $611,848.71 $1,538.14 $0.00 $3,459.48 $616,846.33
211 $616,846.33 $1,538.14 $0.00 $3,487.74 $621,872.21
212 $621,872.21 $1,538.14 $0.00 $3,516.16 $626,926.51
213 $626,926.51 $1,538.14 $0.00 $3,544.73 $632,009.38
214 $632,009.38 $1,538.14 $0.00 $3,573.47 $637,120.99
215 $637,120.99 $1,538.14 $0.00 $3,602.37 $642,261.50
216 $642,261.50 $1,538.14 $0.00 $3,631.44 $647,431.08
217 $647,431.08 $1,538.14 $180,330.39 $3,660.67 $472,299.50
218 $472,299.50 $1,538.14 $0.00 $2,670.45 $476,508.09
219 $476,508.09 $1,538.14 $0.00 $2,694.25 $480,740.48
220 $480,740.48 $1,538.14 $0.00 $2,718.18 $484,996.80
221 $484,996.80 $1,538.14 $0.00 $2,742.24 $489,277.18
222 $489,277.18 $1,538.14 $0.00 $2,766.44 $493,581.76
223 $493,581.76 $1,538.14 $0.00 $2,790.78 $497,910.68
224 $497,910.68 $1,538.14 $0.00 $2,815.26 $502,264.08
225 $502,264.08 $1,538.14 $0.00 $2,839.87 $506,642.09
226 $506,642.09 $1,538.14 $0.00 $2,864.63 $511,044.86
227 $511,044.86 $1,538.14 $0.00 $2,889.52 $515,472.52
228 $515,472.52 $1,538.14 $0.00 $2,914.56 $519,925.22
229 $519,925.22 $1,538.14 $189,346.91 $2,939.73 $335,056.18
230 $335,056.18 $1,538.14 $0.00 $1,894.46 $338,488.78
231 $338,488.78 $1,538.14 $0.00 $1,913.86 $341,940.78
232 $341,940.78 $1,538.14 $0.00 $1,933.38 $345,412.30
233 $345,412.30 $1,538.14 $0.00 $1,953.01 $348,903.45
234 $348,903.45 $1,538.14 $0.00 $1,972.75 $352,414.34
235 $352,414.34 $1,538.14 $0.00 $1,992.60 $355,945.08
236 $355,945.08 $1,538.14 $0.00 $2,012.57 $359,495.79
237 $359,495.79 $1,538.14 $0.00 $2,032.64 $363,066.57
238 $363,066.57 $1,538.14 $0.00 $2,052.83 $366,657.54
239 $366,657.54 $1,538.14 $0.00 $2,073.14 $370,268.82
240 $370,268.82 $1,538.14 $0.00 $2,093.55 $373,900.51
241 $373,900.51 $1,538.14 $198,814.25 $2,114.09 $178,738.49
242 $178,738.49 $1,538.14 $0.00 $1,010.61 $181,287.24
243 $181,287.24 $1,538.14 $0.00 $1,025.02 $183,850.40
244 $183,850.40 $1,538.14 $0.00 $1,039.52 $186,428.06
245 $186,428.06 $1,538.14 $0.00 $1,054.09 $189,020.29
246 $189,020.29 $1,538.14 $0.00 $1,068.75 $191,627.18
247 $191,627.18 $1,538.14 $0.00 $1,083.49 $194,248.81
248 $194,248.81 $1,538.14 $0.00 $1,098.31 $196,885.26
249 $196,885.26 $1,538.14 $0.00 $1,113.22 $199,536.62
250 $199,536.62 $1,538.14 $0.00 $1,128.21 $202,202.97
251 $202,202.97 $1,538.14 $0.00 $1,143.28 $204,884.39
252 $204,884.39 $1,538.14 $0.00 $1,158.45 $207,580.98
253 $207,580.98 $0.00 $208,754.96 $1,173.69 ($0.29)