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 2041$126,520
Monthly savings required$1,002

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 $506,079.99 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $1,001.53 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$48,789.00
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 $1,001.53 $0.00 $0.00 $1,001.53
2 $1,001.53 $1,001.53 $0.00 $5.66 $2,008.72
3 $2,008.72 $1,001.53 $0.00 $11.36 $3,021.61
4 $3,021.61 $1,001.53 $0.00 $17.08 $4,040.22
5 $4,040.22 $1,001.53 $0.00 $22.84 $5,064.59
6 $5,064.59 $1,001.53 $0.00 $28.64 $6,094.76
7 $6,094.76 $1,001.53 $0.00 $34.46 $7,130.75
8 $7,130.75 $1,001.53 $0.00 $40.32 $8,172.60
9 $8,172.60 $1,001.53 $0.00 $46.21 $9,220.34
10 $9,220.34 $1,001.53 $0.00 $52.13 $10,274.00
11 $10,274.00 $1,001.53 $0.00 $58.09 $11,333.62
12 $11,333.62 $1,001.53 $0.00 $64.08 $12,399.23
13 $12,399.23 $1,001.53 $0.00 $70.11 $13,470.87
14 $13,470.87 $1,001.53 $0.00 $76.17 $14,548.57
15 $14,548.57 $1,001.53 $0.00 $82.26 $15,632.36
16 $15,632.36 $1,001.53 $0.00 $88.39 $16,722.28
17 $16,722.28 $1,001.53 $0.00 $94.55 $17,818.36
18 $17,818.36 $1,001.53 $0.00 $100.75 $18,920.64
19 $18,920.64 $1,001.53 $0.00 $106.98 $20,029.15
20 $20,029.15 $1,001.53 $0.00 $113.25 $21,143.93
21 $21,143.93 $1,001.53 $0.00 $119.55 $22,265.01
22 $22,265.01 $1,001.53 $0.00 $125.89 $23,392.43
23 $23,392.43 $1,001.53 $0.00 $132.26 $24,526.22
24 $24,526.22 $1,001.53 $0.00 $138.67 $25,666.42
25 $25,666.42 $1,001.53 $0.00 $145.12 $26,813.07
26 $26,813.07 $1,001.53 $0.00 $151.60 $27,966.20
27 $27,966.20 $1,001.53 $0.00 $158.12 $29,125.85
28 $29,125.85 $1,001.53 $0.00 $164.68 $30,292.06
29 $30,292.06 $1,001.53 $0.00 $171.28 $31,464.87
30 $31,464.87 $1,001.53 $0.00 $177.91 $32,644.31
31 $32,644.31 $1,001.53 $0.00 $184.58 $33,830.42
32 $33,830.42 $1,001.53 $0.00 $191.28 $35,023.23
33 $35,023.23 $1,001.53 $0.00 $198.03 $36,222.79
34 $36,222.79 $1,001.53 $0.00 $204.81 $37,429.13
35 $37,429.13 $1,001.53 $0.00 $211.63 $38,642.29
36 $38,642.29 $1,001.53 $0.00 $218.49 $39,862.31
37 $39,862.31 $1,001.53 $0.00 $225.39 $41,089.23
38 $41,089.23 $1,001.53 $0.00 $232.32 $42,323.08
39 $42,323.08 $1,001.53 $0.00 $239.30 $43,563.91
40 $43,563.91 $1,001.53 $0.00 $246.32 $44,811.76
41 $44,811.76 $1,001.53 $0.00 $253.37 $46,066.66
42 $46,066.66 $1,001.53 $0.00 $260.47 $47,328.66
43 $47,328.66 $1,001.53 $0.00 $267.60 $48,597.79
44 $48,597.79 $1,001.53 $0.00 $274.78 $49,874.10
45 $49,874.10 $1,001.53 $0.00 $282.00 $51,157.63
46 $51,157.63 $1,001.53 $0.00 $289.25 $52,448.41
47 $52,448.41 $1,001.53 $0.00 $296.55 $53,746.49
48 $53,746.49 $1,001.53 $0.00 $303.89 $55,051.91
49 $55,051.91 $1,001.53 $0.00 $311.27 $56,364.71
50 $56,364.71 $1,001.53 $0.00 $318.69 $57,684.93
51 $57,684.93 $1,001.53 $0.00 $326.16 $59,012.62
52 $59,012.62 $1,001.53 $0.00 $333.67 $60,347.82
53 $60,347.82 $1,001.53 $0.00 $341.22 $61,690.57
54 $61,690.57 $1,001.53 $0.00 $348.81 $63,040.91
55 $63,040.91 $1,001.53 $0.00 $356.44 $64,398.88
56 $64,398.88 $1,001.53 $0.00 $364.12 $65,764.53
57 $65,764.53 $1,001.53 $0.00 $371.84 $67,137.90
58 $67,137.90 $1,001.53 $0.00 $379.61 $68,519.04
59 $68,519.04 $1,001.53 $0.00 $387.42 $69,907.99
60 $69,907.99 $1,001.53 $0.00 $395.27 $71,304.79
61 $71,304.79 $1,001.53 $0.00 $403.17 $72,709.49
62 $72,709.49 $1,001.53 $0.00 $411.11 $74,122.13
63 $74,122.13 $1,001.53 $0.00 $419.10 $75,542.76
64 $75,542.76 $1,001.53 $0.00 $427.13 $76,971.42
65 $76,971.42 $1,001.53 $0.00 $435.21 $78,408.16
66 $78,408.16 $1,001.53 $0.00 $443.33 $79,853.02
67 $79,853.02 $1,001.53 $0.00 $451.50 $81,306.05
68 $81,306.05 $1,001.53 $0.00 $459.72 $82,767.30
69 $82,767.30 $1,001.53 $0.00 $467.98 $84,236.81
70 $84,236.81 $1,001.53 $0.00 $476.29 $85,714.63
71 $85,714.63 $1,001.53 $0.00 $484.64 $87,200.80
72 $87,200.80 $1,001.53 $0.00 $493.05 $88,695.38
73 $88,695.38 $1,001.53 $0.00 $501.50 $90,198.41
74 $90,198.41 $1,001.53 $0.00 $509.99 $91,709.93
75 $91,709.93 $1,001.53 $0.00 $518.54 $93,230.00
76 $93,230.00 $1,001.53 $0.00 $527.14 $94,758.67
77 $94,758.67 $1,001.53 $0.00 $535.78 $96,295.98
78 $96,295.98 $1,001.53 $0.00 $544.47 $97,841.98
79 $97,841.98 $1,001.53 $0.00 $553.21 $99,396.72
80 $99,396.72 $1,001.53 $0.00 $562.00 $100,960.25
81 $100,960.25 $1,001.53 $0.00 $570.84 $102,532.62
82 $102,532.62 $1,001.53 $0.00 $579.73 $104,113.88
83 $104,113.88 $1,001.53 $0.00 $588.68 $105,704.09
84 $105,704.09 $1,001.53 $0.00 $597.67 $107,303.29
85 $107,303.29 $1,001.53 $0.00 $606.71 $108,911.53
86 $108,911.53 $1,001.53 $0.00 $615.80 $110,528.86
87 $110,528.86 $1,001.53 $0.00 $624.95 $112,155.34
88 $112,155.34 $1,001.53 $0.00 $634.14 $113,791.01
89 $113,791.01 $1,001.53 $0.00 $643.39 $115,435.93
90 $115,435.93 $1,001.53 $0.00 $652.69 $117,090.15
91 $117,090.15 $1,001.53 $0.00 $662.04 $118,753.72
92 $118,753.72 $1,001.53 $0.00 $671.45 $120,426.70
93 $120,426.70 $1,001.53 $0.00 $680.91 $122,109.14
94 $122,109.14 $1,001.53 $0.00 $690.42 $123,801.09
95 $123,801.09 $1,001.53 $0.00 $699.99 $125,502.61
96 $125,502.61 $1,001.53 $0.00 $709.61 $127,213.75
97 $127,213.75 $1,001.53 $0.00 $719.29 $128,934.57
98 $128,934.57 $1,001.53 $0.00 $729.01 $130,665.11
99 $130,665.11 $1,001.53 $0.00 $738.80 $132,405.44
100 $132,405.44 $1,001.53 $0.00 $748.64 $134,155.61
101 $134,155.61 $1,001.53 $0.00 $758.54 $135,915.68
102 $135,915.68 $1,001.53 $0.00 $768.49 $137,685.70
103 $137,685.70 $1,001.53 $0.00 $778.49 $139,465.72
104 $139,465.72 $1,001.53 $0.00 $788.56 $141,255.81
105 $141,255.81 $1,001.53 $0.00 $798.68 $143,056.02
106 $143,056.02 $1,001.53 $0.00 $808.86 $144,866.41
107 $144,866.41 $1,001.53 $0.00 $819.10 $146,687.04
108 $146,687.04 $1,001.53 $0.00 $829.39 $148,517.96
109 $148,517.96 $1,001.53 $0.00 $839.74 $150,359.23
110 $150,359.23 $1,001.53 $0.00 $850.15 $152,210.91
111 $152,210.91 $1,001.53 $0.00 $860.62 $154,073.06
112 $154,073.06 $1,001.53 $0.00 $871.15 $155,945.74
113 $155,945.74 $1,001.53 $0.00 $881.74 $157,829.01
114 $157,829.01 $1,001.53 $0.00 $892.39 $159,722.93
115 $159,722.93 $1,001.53 $0.00 $903.10 $161,627.56
116 $161,627.56 $1,001.53 $0.00 $913.87 $163,542.96
117 $163,542.96 $1,001.53 $0.00 $924.70 $165,469.19
118 $165,469.19 $1,001.53 $0.00 $935.59 $167,406.31
119 $167,406.31 $1,001.53 $0.00 $946.54 $169,354.38
120 $169,354.38 $1,001.53 $0.00 $957.55 $171,313.46
121 $171,313.46 $1,001.53 $0.00 $968.63 $173,283.62
122 $173,283.62 $1,001.53 $0.00 $979.77 $175,264.92
123 $175,264.92 $1,001.53 $0.00 $990.97 $177,257.42
124 $177,257.42 $1,001.53 $0.00 $1,002.24 $179,261.19
125 $179,261.19 $1,001.53 $0.00 $1,013.57 $181,276.29
126 $181,276.29 $1,001.53 $0.00 $1,024.96 $183,302.78
127 $183,302.78 $1,001.53 $0.00 $1,036.42 $185,340.73
128 $185,340.73 $1,001.53 $0.00 $1,047.94 $187,390.20
129 $187,390.20 $1,001.53 $0.00 $1,059.53 $189,451.26
130 $189,451.26 $1,001.53 $0.00 $1,071.18 $191,523.97
131 $191,523.97 $1,001.53 $0.00 $1,082.90 $193,608.40
132 $193,608.40 $1,001.53 $0.00 $1,094.69 $195,704.62
133 $195,704.62 $1,001.53 $0.00 $1,106.54 $197,812.69
134 $197,812.69 $1,001.53 $0.00 $1,118.46 $199,932.68
135 $199,932.68 $1,001.53 $0.00 $1,130.45 $202,064.66
136 $202,064.66 $1,001.53 $0.00 $1,142.50 $204,208.69
137 $204,208.69 $1,001.53 $0.00 $1,154.63 $206,364.85
138 $206,364.85 $1,001.53 $0.00 $1,166.82 $208,533.20
139 $208,533.20 $1,001.53 $0.00 $1,179.08 $210,713.81
140 $210,713.81 $1,001.53 $0.00 $1,191.41 $212,906.75
141 $212,906.75 $1,001.53 $0.00 $1,203.81 $215,112.09
142 $215,112.09 $1,001.53 $0.00 $1,216.28 $217,329.90
143 $217,329.90 $1,001.53 $0.00 $1,228.81 $219,560.24
144 $219,560.24 $1,001.53 $0.00 $1,241.43 $221,803.20
145 $221,803.20 $1,001.53 $0.00 $1,254.11 $224,058.84
146 $224,058.84 $1,001.53 $0.00 $1,266.86 $226,327.23
147 $226,327.23 $1,001.53 $0.00 $1,279.69 $228,608.45
148 $228,608.45 $1,001.53 $0.00 $1,292.59 $230,902.57
149 $230,902.57 $1,001.53 $0.00 $1,305.56 $233,209.66
150 $233,209.66 $1,001.53 $0.00 $1,318.60 $235,529.79
151 $235,529.79 $1,001.53 $0.00 $1,331.72 $237,863.04
152 $237,863.04 $1,001.53 $0.00 $1,344.91 $240,209.48
153 $240,209.48 $1,001.53 $0.00 $1,358.18 $242,569.19
154 $242,569.19 $1,001.53 $0.00 $1,371.52 $244,942.24
155 $244,942.24 $1,001.53 $0.00 $1,384.94 $247,328.71
156 $247,328.71 $1,001.53 $0.00 $1,398.43 $249,728.67
157 $249,728.67 $1,001.53 $0.00 $1,412.00 $252,142.20
158 $252,142.20 $1,001.53 $0.00 $1,425.65 $254,569.38
159 $254,569.38 $1,001.53 $0.00 $1,439.37 $257,010.28
160 $257,010.28 $1,001.53 $0.00 $1,453.17 $259,464.98
161 $259,464.98 $1,001.53 $0.00 $1,467.05 $261,933.56
162 $261,933.56 $1,001.53 $0.00 $1,481.01 $264,416.10
163 $264,416.10 $1,001.53 $0.00 $1,495.05 $266,912.68
164 $266,912.68 $1,001.53 $0.00 $1,509.16 $269,423.37
165 $269,423.37 $1,001.53 $0.00 $1,523.36 $271,948.26
166 $271,948.26 $1,001.53 $0.00 $1,537.63 $274,487.42
167 $274,487.42 $1,001.53 $0.00 $1,551.99 $277,040.94
168 $277,040.94 $1,001.53 $0.00 $1,566.43 $279,608.90
169 $279,608.90 $1,001.53 $0.00 $1,580.95 $282,191.38
170 $282,191.38 $1,001.53 $0.00 $1,595.55 $284,788.46
171 $284,788.46 $1,001.53 $0.00 $1,610.24 $287,400.23
172 $287,400.23 $1,001.53 $0.00 $1,625.00 $290,026.76
173 $290,026.76 $1,001.53 $0.00 $1,639.85 $292,668.14
174 $292,668.14 $1,001.53 $0.00 $1,654.79 $295,324.46
175 $295,324.46 $1,001.53 $0.00 $1,669.81 $297,995.80
176 $297,995.80 $1,001.53 $0.00 $1,684.91 $300,682.24
177 $300,682.24 $1,001.53 $0.00 $1,700.10 $303,383.87
178 $303,383.87 $1,001.53 $0.00 $1,715.38 $306,100.78
179 $306,100.78 $1,001.53 $0.00 $1,730.74 $308,833.05
180 $308,833.05 $1,001.53 $0.00 $1,746.19 $311,580.77
181 $311,580.77 $1,001.53 $0.00 $1,761.72 $314,344.02
182 $314,344.02 $1,001.53 $0.00 $1,777.35 $317,122.90
183 $317,122.90 $1,001.53 $0.00 $1,793.06 $319,917.49
184 $319,917.49 $1,001.53 $0.00 $1,808.86 $322,727.88
185 $322,727.88 $1,001.53 $0.00 $1,824.75 $325,554.16
186 $325,554.16 $1,001.53 $0.00 $1,840.73 $328,396.42
187 $328,396.42 $1,001.53 $0.00 $1,856.80 $331,254.75
188 $331,254.75 $1,001.53 $0.00 $1,872.96 $334,129.24
189 $334,129.24 $1,001.53 $0.00 $1,889.22 $337,019.99
190 $337,019.99 $1,001.53 $0.00 $1,905.56 $339,927.08
191 $339,927.08 $1,001.53 $0.00 $1,922.00 $342,850.61
192 $342,850.61 $1,001.53 $0.00 $1,938.53 $345,790.67
193 $345,790.67 $1,001.53 $0.00 $1,955.15 $348,747.35
194 $348,747.35 $1,001.53 $0.00 $1,971.87 $351,720.75
195 $351,720.75 $1,001.53 $0.00 $1,988.68 $354,710.96
196 $354,710.96 $1,001.53 $0.00 $2,005.59 $357,718.08
197 $357,718.08 $1,001.53 $0.00 $2,022.59 $360,742.20
198 $360,742.20 $1,001.53 $0.00 $2,039.69 $363,783.42
199 $363,783.42 $1,001.53 $0.00 $2,056.88 $366,841.83
200 $366,841.83 $1,001.53 $0.00 $2,074.18 $369,917.54
201 $369,917.54 $1,001.53 $0.00 $2,091.57 $373,010.64
202 $373,010.64 $1,001.53 $0.00 $2,109.06 $376,121.23
203 $376,121.23 $1,001.53 $0.00 $2,126.64 $379,249.40
204 $379,249.40 $1,001.53 $0.00 $2,144.33 $382,395.26
205 $382,395.26 $1,001.53 $0.00 $2,162.12 $385,558.91
206 $385,558.91 $1,001.53 $0.00 $2,180.01 $388,740.45
207 $388,740.45 $1,001.53 $0.00 $2,198.00 $391,939.98
208 $391,939.98 $1,001.53 $0.00 $2,216.09 $395,157.60
209 $395,157.60 $1,001.53 $0.00 $2,234.28 $398,393.41
210 $398,393.41 $1,001.53 $0.00 $2,252.57 $401,647.51
211 $401,647.51 $1,001.53 $0.00 $2,270.97 $404,920.01
212 $404,920.01 $1,001.53 $0.00 $2,289.48 $408,211.02
213 $408,211.02 $1,001.53 $0.00 $2,308.08 $411,520.63
214 $411,520.63 $1,001.53 $0.00 $2,326.80 $414,848.96
215 $414,848.96 $1,001.53 $0.00 $2,345.62 $418,196.11
216 $418,196.11 $1,001.53 $0.00 $2,364.54 $421,562.18
217 $421,562.18 $1,001.53 $117,416.55 $2,383.57 $307,530.73
218 $307,530.73 $1,001.53 $0.00 $1,738.82 $310,271.08
219 $310,271.08 $1,001.53 $0.00 $1,754.32 $313,026.93
220 $313,026.93 $1,001.53 $0.00 $1,769.90 $315,798.36
221 $315,798.36 $1,001.53 $0.00 $1,785.57 $318,585.46
222 $318,585.46 $1,001.53 $0.00 $1,801.33 $321,388.32
223 $321,388.32 $1,001.53 $0.00 $1,817.18 $324,207.03
224 $324,207.03 $1,001.53 $0.00 $1,833.11 $327,041.67
225 $327,041.67 $1,001.53 $0.00 $1,849.14 $329,892.34
226 $329,892.34 $1,001.53 $0.00 $1,865.26 $332,759.13
227 $332,759.13 $1,001.53 $0.00 $1,881.47 $335,642.13
228 $335,642.13 $1,001.53 $0.00 $1,897.77 $338,541.43
229 $338,541.43 $1,001.53 $123,287.37 $1,914.16 $218,169.75
230 $218,169.75 $1,001.53 $0.00 $1,233.56 $220,404.84
231 $220,404.84 $1,001.53 $0.00 $1,246.20 $222,652.57
232 $222,652.57 $1,001.53 $0.00 $1,258.91 $224,913.01
233 $224,913.01 $1,001.53 $0.00 $1,271.69 $227,186.23
234 $227,186.23 $1,001.53 $0.00 $1,284.54 $229,472.30
235 $229,472.30 $1,001.53 $0.00 $1,297.47 $231,771.30
236 $231,771.30 $1,001.53 $0.00 $1,310.47 $234,083.30
237 $234,083.30 $1,001.53 $0.00 $1,323.54 $236,408.37
238 $236,408.37 $1,001.53 $0.00 $1,336.69 $238,746.59
239 $238,746.59 $1,001.53 $0.00 $1,349.91 $241,098.03
240 $241,098.03 $1,001.53 $0.00 $1,363.20 $243,462.76
241 $243,462.76 $1,001.53 $129,451.74 $1,376.57 $116,389.12
242 $116,389.12 $1,001.53 $0.00 $658.08 $118,048.73
243 $118,048.73 $1,001.53 $0.00 $667.46 $119,717.72
244 $119,717.72 $1,001.53 $0.00 $676.90 $121,396.15
245 $121,396.15 $1,001.53 $0.00 $686.39 $123,084.07
246 $123,084.07 $1,001.53 $0.00 $695.94 $124,781.54
247 $124,781.54 $1,001.53 $0.00 $705.53 $126,488.60
248 $126,488.60 $1,001.53 $0.00 $715.18 $128,205.31
249 $128,205.31 $1,001.53 $0.00 $724.89 $129,931.73
250 $129,931.73 $1,001.53 $0.00 $734.65 $131,667.91
251 $131,667.91 $1,001.53 $0.00 $744.47 $133,413.91
252 $133,413.91 $1,001.53 $0.00 $754.34 $135,169.78
253 $135,169.78 $0.00 $135,924.33 $764.27 $9.72