Savings Plan and Future Cost Estimation for Los Angeles College of Music

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2040$123,859
Monthly savings required$980

How much will it cost to send your child to Los Angeles College of Music in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $495,437.47 for students enrolling in 2040 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $980.45 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$47,763.00
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 $980.45 $0.00 $0.00 $980.45
2 $980.45 $980.45 $0.00 $5.54 $1,966.44
3 $1,966.44 $980.45 $0.00 $11.12 $2,958.01
4 $2,958.01 $980.45 $0.00 $16.73 $3,955.19
5 $3,955.19 $980.45 $0.00 $22.36 $4,958.00
6 $4,958.00 $980.45 $0.00 $28.03 $5,966.48
7 $5,966.48 $980.45 $0.00 $33.74 $6,980.67
8 $6,980.67 $980.45 $0.00 $39.47 $8,000.59
9 $8,000.59 $980.45 $0.00 $45.24 $9,026.28
10 $9,026.28 $980.45 $0.00 $51.04 $10,057.77
11 $10,057.77 $980.45 $0.00 $56.87 $11,095.09
12 $11,095.09 $980.45 $0.00 $62.73 $12,138.27
13 $12,138.27 $980.45 $0.00 $68.63 $13,187.35
14 $13,187.35 $980.45 $0.00 $74.56 $14,242.36
15 $14,242.36 $980.45 $0.00 $80.53 $15,303.34
16 $15,303.34 $980.45 $0.00 $86.53 $16,370.32
17 $16,370.32 $980.45 $0.00 $92.56 $17,443.33
18 $17,443.33 $980.45 $0.00 $98.63 $18,522.41
19 $18,522.41 $980.45 $0.00 $104.73 $19,607.59
20 $19,607.59 $980.45 $0.00 $110.86 $20,698.90
21 $20,698.90 $980.45 $0.00 $117.03 $21,796.38
22 $21,796.38 $980.45 $0.00 $123.24 $22,900.07
23 $22,900.07 $980.45 $0.00 $129.48 $24,010.00
24 $24,010.00 $980.45 $0.00 $135.76 $25,126.21
25 $25,126.21 $980.45 $0.00 $142.07 $26,248.73
26 $26,248.73 $980.45 $0.00 $148.41 $27,377.59
27 $27,377.59 $980.45 $0.00 $154.80 $28,512.84
28 $28,512.84 $980.45 $0.00 $161.22 $29,654.51
29 $29,654.51 $980.45 $0.00 $167.67 $30,802.63
30 $30,802.63 $980.45 $0.00 $174.16 $31,957.24
31 $31,957.24 $980.45 $0.00 $180.69 $33,118.38
32 $33,118.38 $980.45 $0.00 $187.26 $34,286.09
33 $34,286.09 $980.45 $0.00 $193.86 $35,460.40
34 $35,460.40 $980.45 $0.00 $200.50 $36,641.35
35 $36,641.35 $980.45 $0.00 $207.18 $37,828.98
36 $37,828.98 $980.45 $0.00 $213.89 $39,023.32
37 $39,023.32 $980.45 $0.00 $220.64 $40,224.41
38 $40,224.41 $980.45 $0.00 $227.43 $41,432.29
39 $41,432.29 $980.45 $0.00 $234.26 $42,647.00
40 $42,647.00 $980.45 $0.00 $241.13 $43,868.58
41 $43,868.58 $980.45 $0.00 $248.04 $45,097.07
42 $45,097.07 $980.45 $0.00 $254.99 $46,332.51
43 $46,332.51 $980.45 $0.00 $261.97 $47,574.93
44 $47,574.93 $980.45 $0.00 $269.00 $48,824.38
45 $48,824.38 $980.45 $0.00 $276.06 $50,080.89
46 $50,080.89 $980.45 $0.00 $283.16 $51,344.50
47 $51,344.50 $980.45 $0.00 $290.31 $52,615.26
48 $52,615.26 $980.45 $0.00 $297.49 $53,893.20
49 $53,893.20 $980.45 $0.00 $304.72 $55,178.37
50 $55,178.37 $980.45 $0.00 $311.99 $56,470.81
51 $56,470.81 $980.45 $0.00 $319.29 $57,770.55
52 $57,770.55 $980.45 $0.00 $326.64 $59,077.64
53 $59,077.64 $980.45 $0.00 $334.03 $60,392.12
54 $60,392.12 $980.45 $0.00 $341.47 $61,714.04
55 $61,714.04 $980.45 $0.00 $348.94 $63,043.43
56 $63,043.43 $980.45 $0.00 $356.46 $64,380.34
57 $64,380.34 $980.45 $0.00 $364.02 $65,724.81
58 $65,724.81 $980.45 $0.00 $371.62 $67,076.88
59 $67,076.88 $980.45 $0.00 $379.26 $68,436.59
60 $68,436.59 $980.45 $0.00 $386.95 $69,803.99
61 $69,803.99 $980.45 $0.00 $394.68 $71,179.12
62 $71,179.12 $980.45 $0.00 $402.46 $72,562.03
63 $72,562.03 $980.45 $0.00 $410.28 $73,952.76
64 $73,952.76 $980.45 $0.00 $418.14 $75,351.35
65 $75,351.35 $980.45 $0.00 $426.05 $76,757.85
66 $76,757.85 $980.45 $0.00 $434.00 $78,172.30
67 $78,172.30 $980.45 $0.00 $442.00 $79,594.75
68 $79,594.75 $980.45 $0.00 $450.04 $81,025.24
69 $81,025.24 $980.45 $0.00 $458.13 $82,463.82
70 $82,463.82 $980.45 $0.00 $466.26 $83,910.53
71 $83,910.53 $980.45 $0.00 $474.44 $85,365.42
72 $85,365.42 $980.45 $0.00 $482.67 $86,828.54
73 $86,828.54 $980.45 $0.00 $490.94 $88,299.93
74 $88,299.93 $980.45 $0.00 $499.26 $89,779.64
75 $89,779.64 $980.45 $0.00 $507.63 $91,267.72
76 $91,267.72 $980.45 $0.00 $516.04 $92,764.21
77 $92,764.21 $980.45 $0.00 $524.50 $94,269.16
78 $94,269.16 $980.45 $0.00 $533.01 $95,782.62
79 $95,782.62 $980.45 $0.00 $541.57 $97,304.64
80 $97,304.64 $980.45 $0.00 $550.17 $98,835.26
81 $98,835.26 $980.45 $0.00 $558.83 $100,374.54
82 $100,374.54 $980.45 $0.00 $567.53 $101,922.52
83 $101,922.52 $980.45 $0.00 $576.28 $103,479.25
84 $103,479.25 $980.45 $0.00 $585.09 $105,044.79
85 $105,044.79 $980.45 $0.00 $593.94 $106,619.18
86 $106,619.18 $980.45 $0.00 $602.84 $108,202.47
87 $108,202.47 $980.45 $0.00 $611.79 $109,794.71
88 $109,794.71 $980.45 $0.00 $620.80 $111,395.96
89 $111,395.96 $980.45 $0.00 $629.85 $113,006.26
90 $113,006.26 $980.45 $0.00 $638.95 $114,625.66
91 $114,625.66 $980.45 $0.00 $648.11 $116,254.22
92 $116,254.22 $980.45 $0.00 $657.32 $117,891.99
93 $117,891.99 $980.45 $0.00 $666.58 $119,539.02
94 $119,539.02 $980.45 $0.00 $675.89 $121,195.36
95 $121,195.36 $980.45 $0.00 $685.26 $122,861.07
96 $122,861.07 $980.45 $0.00 $694.67 $124,536.19
97 $124,536.19 $980.45 $0.00 $704.15 $126,220.79
98 $126,220.79 $980.45 $0.00 $713.67 $127,914.91
99 $127,914.91 $980.45 $0.00 $723.25 $129,618.61
100 $129,618.61 $980.45 $0.00 $732.88 $131,331.94
101 $131,331.94 $980.45 $0.00 $742.57 $133,054.96
102 $133,054.96 $980.45 $0.00 $752.31 $134,787.72
103 $134,787.72 $980.45 $0.00 $762.11 $136,530.28
104 $136,530.28 $980.45 $0.00 $771.96 $138,282.69
105 $138,282.69 $980.45 $0.00 $781.87 $140,045.01
106 $140,045.01 $980.45 $0.00 $791.83 $141,817.29
107 $141,817.29 $980.45 $0.00 $801.86 $143,599.60
108 $143,599.60 $980.45 $0.00 $811.93 $145,391.98
109 $145,391.98 $980.45 $0.00 $822.07 $147,194.50
110 $147,194.50 $980.45 $0.00 $832.26 $149,007.21
111 $149,007.21 $980.45 $0.00 $842.51 $150,830.17
112 $150,830.17 $980.45 $0.00 $852.82 $152,663.44
113 $152,663.44 $980.45 $0.00 $863.18 $154,507.07
114 $154,507.07 $980.45 $0.00 $873.61 $156,361.13
115 $156,361.13 $980.45 $0.00 $884.09 $158,225.67
116 $158,225.67 $980.45 $0.00 $894.63 $160,100.75
117 $160,100.75 $980.45 $0.00 $905.23 $161,986.43
118 $161,986.43 $980.45 $0.00 $915.89 $163,882.77
119 $163,882.77 $980.45 $0.00 $926.62 $165,789.84
120 $165,789.84 $980.45 $0.00 $937.40 $167,707.69
121 $167,707.69 $980.45 $0.00 $948.24 $169,636.38
122 $169,636.38 $980.45 $0.00 $959.15 $171,575.98
123 $171,575.98 $980.45 $0.00 $970.12 $173,526.55
124 $173,526.55 $980.45 $0.00 $981.14 $175,488.14
125 $175,488.14 $980.45 $0.00 $992.24 $177,460.83
126 $177,460.83 $980.45 $0.00 $1,003.39 $179,444.67
127 $179,444.67 $980.45 $0.00 $1,014.61 $181,439.73
128 $181,439.73 $980.45 $0.00 $1,025.89 $183,446.07
129 $183,446.07 $980.45 $0.00 $1,037.23 $185,463.75
130 $185,463.75 $980.45 $0.00 $1,048.64 $187,492.84
131 $187,492.84 $980.45 $0.00 $1,060.11 $189,533.40
132 $189,533.40 $980.45 $0.00 $1,071.65 $191,585.50
133 $191,585.50 $980.45 $0.00 $1,083.25 $193,649.20
134 $193,649.20 $980.45 $0.00 $1,094.92 $195,724.57
135 $195,724.57 $980.45 $0.00 $1,106.66 $197,811.68
136 $197,811.68 $980.45 $0.00 $1,118.46 $199,910.59
137 $199,910.59 $980.45 $0.00 $1,130.32 $202,021.36
138 $202,021.36 $980.45 $0.00 $1,142.26 $204,144.07
139 $204,144.07 $980.45 $0.00 $1,154.26 $206,278.78
140 $206,278.78 $980.45 $0.00 $1,166.33 $208,425.56
141 $208,425.56 $980.45 $0.00 $1,178.47 $210,584.48
142 $210,584.48 $980.45 $0.00 $1,190.68 $212,755.61
143 $212,755.61 $980.45 $0.00 $1,202.95 $214,939.01
144 $214,939.01 $980.45 $0.00 $1,215.30 $217,134.76
145 $217,134.76 $980.45 $0.00 $1,227.71 $219,342.92
146 $219,342.92 $980.45 $0.00 $1,240.20 $221,563.57
147 $221,563.57 $980.45 $0.00 $1,252.75 $223,796.77
148 $223,796.77 $980.45 $0.00 $1,265.38 $226,042.60
149 $226,042.60 $980.45 $0.00 $1,278.08 $228,301.13
150 $228,301.13 $980.45 $0.00 $1,290.85 $230,572.43
151 $230,572.43 $980.45 $0.00 $1,303.69 $232,856.57
152 $232,856.57 $980.45 $0.00 $1,316.60 $235,153.62
153 $235,153.62 $980.45 $0.00 $1,329.59 $237,463.66
154 $237,463.66 $980.45 $0.00 $1,342.65 $239,786.76
155 $239,786.76 $980.45 $0.00 $1,355.79 $242,123.00
156 $242,123.00 $980.45 $0.00 $1,369.00 $244,472.45
157 $244,472.45 $980.45 $0.00 $1,382.28 $246,835.18
158 $246,835.18 $980.45 $0.00 $1,395.64 $249,211.27
159 $249,211.27 $980.45 $0.00 $1,409.08 $251,600.80
160 $251,600.80 $980.45 $0.00 $1,422.59 $254,003.84
161 $254,003.84 $980.45 $0.00 $1,436.17 $256,420.46
162 $256,420.46 $980.45 $0.00 $1,449.84 $258,850.75
163 $258,850.75 $980.45 $0.00 $1,463.58 $261,294.78
164 $261,294.78 $980.45 $0.00 $1,477.40 $263,752.63
165 $263,752.63 $980.45 $0.00 $1,491.30 $266,224.38
166 $266,224.38 $980.45 $0.00 $1,505.27 $268,710.10
167 $268,710.10 $980.45 $0.00 $1,519.33 $271,209.88
168 $271,209.88 $980.45 $0.00 $1,533.46 $273,723.79
169 $273,723.79 $980.45 $0.00 $1,547.67 $276,251.91
170 $276,251.91 $980.45 $0.00 $1,561.97 $278,794.33
171 $278,794.33 $980.45 $0.00 $1,576.34 $281,351.12
172 $281,351.12 $980.45 $0.00 $1,590.80 $283,922.37
173 $283,922.37 $980.45 $0.00 $1,605.34 $286,508.16
174 $286,508.16 $980.45 $0.00 $1,619.96 $289,108.57
175 $289,108.57 $980.45 $0.00 $1,634.66 $291,723.68
176 $291,723.68 $980.45 $0.00 $1,649.45 $294,353.58
177 $294,353.58 $980.45 $0.00 $1,664.32 $296,998.35
178 $296,998.35 $980.45 $0.00 $1,679.27 $299,658.07
179 $299,658.07 $980.45 $0.00 $1,694.31 $302,332.83
180 $302,332.83 $980.45 $0.00 $1,709.43 $305,022.71
181 $305,022.71 $980.45 $0.00 $1,724.64 $307,727.80
182 $307,727.80 $980.45 $0.00 $1,739.94 $310,448.19
183 $310,448.19 $980.45 $0.00 $1,755.32 $313,183.96
184 $313,183.96 $980.45 $0.00 $1,770.79 $315,935.20
185 $315,935.20 $980.45 $0.00 $1,786.34 $318,701.99
186 $318,701.99 $980.45 $0.00 $1,801.99 $321,484.43
187 $321,484.43 $980.45 $0.00 $1,817.72 $324,282.60
188 $324,282.60 $980.45 $0.00 $1,833.54 $327,096.59
189 $327,096.59 $980.45 $0.00 $1,849.45 $329,926.49
190 $329,926.49 $980.45 $0.00 $1,865.45 $332,772.39
191 $332,772.39 $980.45 $0.00 $1,881.54 $335,634.38
192 $335,634.38 $980.45 $0.00 $1,897.73 $338,512.56
193 $338,512.56 $980.45 $0.00 $1,914.00 $341,407.01
194 $341,407.01 $980.45 $0.00 $1,930.36 $344,317.82
195 $344,317.82 $980.45 $0.00 $1,946.82 $347,245.09
196 $347,245.09 $980.45 $0.00 $1,963.37 $350,188.91
197 $350,188.91 $980.45 $0.00 $1,980.02 $353,149.38
198 $353,149.38 $980.45 $0.00 $1,996.76 $356,126.59
199 $356,126.59 $980.45 $0.00 $2,013.59 $359,120.63
200 $359,120.63 $980.45 $0.00 $2,030.52 $362,131.60
201 $362,131.60 $980.45 $0.00 $2,047.54 $365,159.59
202 $365,159.59 $980.45 $0.00 $2,064.67 $368,204.71
203 $368,204.71 $980.45 $0.00 $2,081.88 $371,267.04
204 $371,267.04 $980.45 $0.00 $2,099.20 $374,346.69
205 $374,346.69 $980.45 $0.00 $2,116.61 $377,443.75
206 $377,443.75 $980.45 $0.00 $2,134.12 $380,558.32
207 $380,558.32 $980.45 $0.00 $2,151.73 $383,690.50
208 $383,690.50 $980.45 $0.00 $2,169.44 $386,840.39
209 $386,840.39 $980.45 $0.00 $2,187.25 $390,008.09
210 $390,008.09 $980.45 $0.00 $2,205.16 $393,193.70
211 $393,193.70 $980.45 $0.00 $2,223.17 $396,397.32
212 $396,397.32 $980.45 $0.00 $2,241.29 $399,619.06
213 $399,619.06 $980.45 $0.00 $2,259.50 $402,859.01
214 $402,859.01 $980.45 $0.00 $2,277.82 $406,117.28
215 $406,117.28 $980.45 $0.00 $2,296.25 $409,393.98
216 $409,393.98 $980.45 $0.00 $2,314.77 $412,689.20
217 $412,689.20 $980.45 $114,947.35 $2,333.40 $301,055.70
218 $301,055.70 $980.45 $0.00 $1,702.21 $303,738.36
219 $303,738.36 $980.45 $0.00 $1,717.38 $306,436.19
220 $306,436.19 $980.45 $0.00 $1,732.63 $309,149.27
221 $309,149.27 $980.45 $0.00 $1,747.97 $311,877.69
222 $311,877.69 $980.45 $0.00 $1,763.40 $314,621.54
223 $314,621.54 $980.45 $0.00 $1,778.92 $317,380.91
224 $317,380.91 $980.45 $0.00 $1,794.52 $320,155.88
225 $320,155.88 $980.45 $0.00 $1,810.21 $322,946.54
226 $322,946.54 $980.45 $0.00 $1,825.99 $325,752.98
227 $325,752.98 $980.45 $0.00 $1,841.85 $328,575.28
228 $328,575.28 $980.45 $0.00 $1,857.81 $331,413.54
229 $331,413.54 $980.45 $120,694.72 $1,873.86 $213,573.13
230 $213,573.13 $980.45 $0.00 $1,207.57 $215,761.15
231 $215,761.15 $980.45 $0.00 $1,219.94 $217,961.54
232 $217,961.54 $980.45 $0.00 $1,232.39 $220,174.38
233 $220,174.38 $980.45 $0.00 $1,244.90 $222,399.73
234 $222,399.73 $980.45 $0.00 $1,257.48 $224,637.66
235 $224,637.66 $980.45 $0.00 $1,270.13 $226,888.24
236 $226,888.24 $980.45 $0.00 $1,282.86 $229,151.55
237 $229,151.55 $980.45 $0.00 $1,295.66 $231,427.66
238 $231,427.66 $980.45 $0.00 $1,308.53 $233,716.64
239 $233,716.64 $980.45 $0.00 $1,321.47 $236,018.56
240 $236,018.56 $980.45 $0.00 $1,334.48 $238,333.49
241 $238,333.49 $980.45 $126,729.46 $1,347.57 $113,932.05
242 $113,932.05 $980.45 $0.00 $644.19 $115,556.69
243 $115,556.69 $980.45 $0.00 $653.37 $117,190.51
244 $117,190.51 $980.45 $0.00 $662.61 $118,833.57
245 $118,833.57 $980.45 $0.00 $671.90 $120,485.92
246 $120,485.92 $980.45 $0.00 $681.24 $122,147.61
247 $122,147.61 $980.45 $0.00 $690.64 $123,818.70
248 $123,818.70 $980.45 $0.00 $700.09 $125,499.24
249 $125,499.24 $980.45 $0.00 $709.59 $127,189.28
250 $127,189.28 $980.45 $0.00 $719.15 $128,888.88
251 $128,888.88 $980.45 $0.00 $728.76 $130,598.09
252 $130,598.09 $980.45 $0.00 $738.42 $132,316.96
253 $132,316.96 $0.00 $133,065.93 $748.14 ($0.83)