Savings Plan and Future Cost Estimation for Visible Music College

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

Savings Plan and Future Cost Estimation

Estimated Annual Cost in 2041$82,804
Monthly savings required$655

How much will it cost to send your child to Visible Music College in 18 years and how much do you need to save?  A 4 year degree is estimated to be priced at $331,214.83 for students enrolling in 2041 if tuition increases average 5% per year until then.   Assuming you have no current college savings, monthly deposits of $655.46 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$31,931.00
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 $655.46 $0.00 $0.00 $655.46
2 $655.46 $655.46 $0.00 $3.71 $1,314.63
3 $1,314.63 $655.46 $0.00 $7.43 $1,977.52
4 $1,977.52 $655.46 $0.00 $11.18 $2,644.16
5 $2,644.16 $655.46 $0.00 $14.95 $3,314.57
6 $3,314.57 $655.46 $0.00 $18.74 $3,988.77
7 $3,988.77 $655.46 $0.00 $22.55 $4,666.78
8 $4,666.78 $655.46 $0.00 $26.39 $5,348.63
9 $5,348.63 $655.46 $0.00 $30.24 $6,034.33
10 $6,034.33 $655.46 $0.00 $34.12 $6,723.91
11 $6,723.91 $655.46 $0.00 $38.02 $7,417.39
12 $7,417.39 $655.46 $0.00 $41.94 $8,114.79
13 $8,114.79 $655.46 $0.00 $45.88 $8,816.13
14 $8,816.13 $655.46 $0.00 $49.85 $9,521.44
15 $9,521.44 $655.46 $0.00 $53.84 $10,230.74
16 $10,230.74 $655.46 $0.00 $57.85 $10,944.05
17 $10,944.05 $655.46 $0.00 $61.88 $11,661.39
18 $11,661.39 $655.46 $0.00 $65.94 $12,382.79
19 $12,382.79 $655.46 $0.00 $70.01 $13,108.26
20 $13,108.26 $655.46 $0.00 $74.12 $13,837.84
21 $13,837.84 $655.46 $0.00 $78.24 $14,571.54
22 $14,571.54 $655.46 $0.00 $82.39 $15,309.39
23 $15,309.39 $655.46 $0.00 $86.56 $16,051.41
24 $16,051.41 $655.46 $0.00 $90.76 $16,797.63
25 $16,797.63 $655.46 $0.00 $94.98 $17,548.07
26 $17,548.07 $655.46 $0.00 $99.22 $18,302.75
27 $18,302.75 $655.46 $0.00 $103.49 $19,061.70
28 $19,061.70 $655.46 $0.00 $107.78 $19,824.94
29 $19,824.94 $655.46 $0.00 $112.09 $20,592.49
30 $20,592.49 $655.46 $0.00 $116.43 $21,364.38
31 $21,364.38 $655.46 $0.00 $120.80 $22,140.64
32 $22,140.64 $655.46 $0.00 $125.19 $22,921.29
33 $22,921.29 $655.46 $0.00 $129.60 $23,706.35
34 $23,706.35 $655.46 $0.00 $134.04 $24,495.85
35 $24,495.85 $655.46 $0.00 $138.50 $25,289.81
36 $25,289.81 $655.46 $0.00 $142.99 $26,088.26
37 $26,088.26 $655.46 $0.00 $147.51 $26,891.23
38 $26,891.23 $655.46 $0.00 $152.05 $27,698.74
39 $27,698.74 $655.46 $0.00 $156.61 $28,510.81
40 $28,510.81 $655.46 $0.00 $161.20 $29,327.47
41 $29,327.47 $655.46 $0.00 $165.82 $30,148.75
42 $30,148.75 $655.46 $0.00 $170.47 $30,974.68
43 $30,974.68 $655.46 $0.00 $175.14 $31,805.28
44 $31,805.28 $655.46 $0.00 $179.83 $32,640.57
45 $32,640.57 $655.46 $0.00 $184.55 $33,480.58
46 $33,480.58 $655.46 $0.00 $189.30 $34,325.34
47 $34,325.34 $655.46 $0.00 $194.08 $35,174.88
48 $35,174.88 $655.46 $0.00 $198.88 $36,029.22
49 $36,029.22 $655.46 $0.00 $203.71 $36,888.39
50 $36,888.39 $655.46 $0.00 $208.57 $37,752.42
51 $37,752.42 $655.46 $0.00 $213.46 $38,621.34
52 $38,621.34 $655.46 $0.00 $218.37 $39,495.17
53 $39,495.17 $655.46 $0.00 $223.31 $40,373.94
54 $40,373.94 $655.46 $0.00 $228.28 $41,257.68
55 $41,257.68 $655.46 $0.00 $233.28 $42,146.42
56 $42,146.42 $655.46 $0.00 $238.30 $43,040.18
57 $43,040.18 $655.46 $0.00 $243.36 $43,939.00
58 $43,939.00 $655.46 $0.00 $248.44 $44,842.90
59 $44,842.90 $655.46 $0.00 $253.55 $45,751.91
60 $45,751.91 $655.46 $0.00 $258.69 $46,666.06
61 $46,666.06 $655.46 $0.00 $263.86 $47,585.38
62 $47,585.38 $655.46 $0.00 $269.05 $48,509.89
63 $48,509.89 $655.46 $0.00 $274.28 $49,439.63
64 $49,439.63 $655.46 $0.00 $279.54 $50,374.63
65 $50,374.63 $655.46 $0.00 $284.83 $51,314.92
66 $51,314.92 $655.46 $0.00 $290.14 $52,260.52
67 $52,260.52 $655.46 $0.00 $295.49 $53,211.47
68 $53,211.47 $655.46 $0.00 $300.87 $54,167.80
69 $54,167.80 $655.46 $0.00 $306.27 $55,129.53
70 $55,129.53 $655.46 $0.00 $311.71 $56,096.70
71 $56,096.70 $655.46 $0.00 $317.18 $57,069.34
72 $57,069.34 $655.46 $0.00 $322.68 $58,047.48
73 $58,047.48 $655.46 $0.00 $328.21 $59,031.15
74 $59,031.15 $655.46 $0.00 $333.77 $60,020.38
75 $60,020.38 $655.46 $0.00 $339.36 $61,015.20
76 $61,015.20 $655.46 $0.00 $344.99 $62,015.65
77 $62,015.65 $655.46 $0.00 $350.65 $63,021.76
78 $63,021.76 $655.46 $0.00 $356.33 $64,033.55
79 $64,033.55 $655.46 $0.00 $362.06 $65,051.07
80 $65,051.07 $655.46 $0.00 $367.81 $66,074.34
81 $66,074.34 $655.46 $0.00 $373.59 $67,103.39
82 $67,103.39 $655.46 $0.00 $379.41 $68,138.26
83 $68,138.26 $655.46 $0.00 $385.26 $69,178.98
84 $69,178.98 $655.46 $0.00 $391.15 $70,225.59
85 $70,225.59 $655.46 $0.00 $397.07 $71,278.12
86 $71,278.12 $655.46 $0.00 $403.02 $72,336.60
87 $72,336.60 $655.46 $0.00 $409.00 $73,401.06
88 $73,401.06 $655.46 $0.00 $415.02 $74,471.54
89 $74,471.54 $655.46 $0.00 $421.07 $75,548.07
90 $75,548.07 $655.46 $0.00 $427.16 $76,630.69
91 $76,630.69 $655.46 $0.00 $433.28 $77,719.43
92 $77,719.43 $655.46 $0.00 $439.44 $78,814.33
93 $78,814.33 $655.46 $0.00 $445.63 $79,915.42
94 $79,915.42 $655.46 $0.00 $451.85 $81,022.73
95 $81,022.73 $655.46 $0.00 $458.11 $82,136.30
96 $82,136.30 $655.46 $0.00 $464.41 $83,256.17
97 $83,256.17 $655.46 $0.00 $470.74 $84,382.37
98 $84,382.37 $655.46 $0.00 $477.11 $85,514.94
99 $85,514.94 $655.46 $0.00 $483.51 $86,653.91
100 $86,653.91 $655.46 $0.00 $489.95 $87,799.32
101 $87,799.32 $655.46 $0.00 $496.43 $88,951.21
102 $88,951.21 $655.46 $0.00 $502.94 $90,109.61
103 $90,109.61 $655.46 $0.00 $509.49 $91,274.56
104 $91,274.56 $655.46 $0.00 $516.08 $92,446.10
105 $92,446.10 $655.46 $0.00 $522.70 $93,624.26
106 $93,624.26 $655.46 $0.00 $529.37 $94,809.09
107 $94,809.09 $655.46 $0.00 $536.06 $96,000.61
108 $96,000.61 $655.46 $0.00 $542.80 $97,198.87
109 $97,198.87 $655.46 $0.00 $549.58 $98,403.91
110 $98,403.91 $655.46 $0.00 $556.39 $99,615.76
111 $99,615.76 $655.46 $0.00 $563.24 $100,834.46
112 $100,834.46 $655.46 $0.00 $570.13 $102,060.05
113 $102,060.05 $655.46 $0.00 $577.06 $103,292.57
114 $103,292.57 $655.46 $0.00 $584.03 $104,532.06
115 $104,532.06 $655.46 $0.00 $591.04 $105,778.56
116 $105,778.56 $655.46 $0.00 $598.09 $107,032.11
117 $107,032.11 $655.46 $0.00 $605.18 $108,292.75
118 $108,292.75 $655.46 $0.00 $612.30 $109,560.51
119 $109,560.51 $655.46 $0.00 $619.47 $110,835.44
120 $110,835.44 $655.46 $0.00 $626.68 $112,117.58
121 $112,117.58 $655.46 $0.00 $633.93 $113,406.97
122 $113,406.97 $655.46 $0.00 $641.22 $114,703.65
123 $114,703.65 $655.46 $0.00 $648.55 $116,007.66
124 $116,007.66 $655.46 $0.00 $655.92 $117,319.04
125 $117,319.04 $655.46 $0.00 $663.34 $118,637.84
126 $118,637.84 $655.46 $0.00 $670.80 $119,964.10
127 $119,964.10 $655.46 $0.00 $678.29 $121,297.85
128 $121,297.85 $655.46 $0.00 $685.84 $122,639.15
129 $122,639.15 $655.46 $0.00 $693.42 $123,988.03
130 $123,988.03 $655.46 $0.00 $701.05 $125,344.54
131 $125,344.54 $655.46 $0.00 $708.72 $126,708.72
132 $126,708.72 $655.46 $0.00 $716.43 $128,080.61
133 $128,080.61 $655.46 $0.00 $724.19 $129,460.26
134 $129,460.26 $655.46 $0.00 $731.99 $130,847.71
135 $130,847.71 $655.46 $0.00 $739.83 $132,243.00
136 $132,243.00 $655.46 $0.00 $747.72 $133,646.18
137 $133,646.18 $655.46 $0.00 $755.65 $135,057.29
138 $135,057.29 $655.46 $0.00 $763.63 $136,476.38
139 $136,476.38 $655.46 $0.00 $771.66 $137,903.50
140 $137,903.50 $655.46 $0.00 $779.73 $139,338.69
141 $139,338.69 $655.46 $0.00 $787.84 $140,781.99
142 $140,781.99 $655.46 $0.00 $796.00 $142,233.45
143 $142,233.45 $655.46 $0.00 $804.21 $143,693.12
144 $143,693.12 $655.46 $0.00 $812.46 $145,161.04
145 $145,161.04 $655.46 $0.00 $820.76 $146,637.26
146 $146,637.26 $655.46 $0.00 $829.11 $148,121.83
147 $148,121.83 $655.46 $0.00 $837.50 $149,614.79
148 $149,614.79 $655.46 $0.00 $845.94 $151,116.19
149 $151,116.19 $655.46 $0.00 $854.43 $152,626.08
150 $152,626.08 $655.46 $0.00 $862.97 $154,144.51
151 $154,144.51 $655.46 $0.00 $871.56 $155,671.53
152 $155,671.53 $655.46 $0.00 $880.19 $157,207.18
153 $157,207.18 $655.46 $0.00 $888.87 $158,751.51
154 $158,751.51 $655.46 $0.00 $897.60 $160,304.57
155 $160,304.57 $655.46 $0.00 $906.39 $161,866.42
156 $161,866.42 $655.46 $0.00 $915.22 $163,437.10
157 $163,437.10 $655.46 $0.00 $924.10 $165,016.66
158 $165,016.66 $655.46 $0.00 $933.03 $166,605.15
159 $166,605.15 $655.46 $0.00 $942.01 $168,202.62
160 $168,202.62 $655.46 $0.00 $951.04 $169,809.12
161 $169,809.12 $655.46 $0.00 $960.13 $171,424.71
162 $171,424.71 $655.46 $0.00 $969.26 $173,049.43
163 $173,049.43 $655.46 $0.00 $978.45 $174,683.34
164 $174,683.34 $655.46 $0.00 $987.69 $176,326.49
165 $176,326.49 $655.46 $0.00 $996.98 $177,978.93
166 $177,978.93 $655.46 $0.00 $1,006.32 $179,640.71
167 $179,640.71 $655.46 $0.00 $1,015.71 $181,311.88
168 $181,311.88 $655.46 $0.00 $1,025.16 $182,992.50
169 $182,992.50 $655.46 $0.00 $1,034.67 $184,682.63
170 $184,682.63 $655.46 $0.00 $1,044.22 $186,382.31
171 $186,382.31 $655.46 $0.00 $1,053.83 $188,091.60
172 $188,091.60 $655.46 $0.00 $1,063.50 $189,810.56
173 $189,810.56 $655.46 $0.00 $1,073.22 $191,539.24
174 $191,539.24 $655.46 $0.00 $1,082.99 $193,277.69
175 $193,277.69 $655.46 $0.00 $1,092.82 $195,025.97
176 $195,025.97 $655.46 $0.00 $1,102.71 $196,784.14
177 $196,784.14 $655.46 $0.00 $1,112.65 $198,552.25
178 $198,552.25 $655.46 $0.00 $1,122.64 $200,330.35
179 $200,330.35 $655.46 $0.00 $1,132.70 $202,118.51
180 $202,118.51 $655.46 $0.00 $1,142.81 $203,916.78
181 $203,916.78 $655.46 $0.00 $1,152.98 $205,725.22
182 $205,725.22 $655.46 $0.00 $1,163.20 $207,543.88
183 $207,543.88 $655.46 $0.00 $1,173.48 $209,372.82
184 $209,372.82 $655.46 $0.00 $1,183.82 $211,212.10
185 $211,212.10 $655.46 $0.00 $1,194.22 $213,061.78
186 $213,061.78 $655.46 $0.00 $1,204.68 $214,921.92
187 $214,921.92 $655.46 $0.00 $1,215.20 $216,792.58
188 $216,792.58 $655.46 $0.00 $1,225.78 $218,673.82
189 $218,673.82 $655.46 $0.00 $1,236.41 $220,565.69
190 $220,565.69 $655.46 $0.00 $1,247.11 $222,468.26
191 $222,468.26 $655.46 $0.00 $1,257.87 $224,381.59
192 $224,381.59 $655.46 $0.00 $1,268.69 $226,305.74
193 $226,305.74 $655.46 $0.00 $1,279.57 $228,240.77
194 $228,240.77 $655.46 $0.00 $1,290.51 $230,186.74
195 $230,186.74 $655.46 $0.00 $1,301.51 $232,143.71
196 $232,143.71 $655.46 $0.00 $1,312.57 $234,111.74
197 $234,111.74 $655.46 $0.00 $1,323.70 $236,090.90
198 $236,090.90 $655.46 $0.00 $1,334.89 $238,081.25
199 $238,081.25 $655.46 $0.00 $1,346.15 $240,082.86
200 $240,082.86 $655.46 $0.00 $1,357.46 $242,095.78
201 $242,095.78 $655.46 $0.00 $1,368.84 $244,120.08
202 $244,120.08 $655.46 $0.00 $1,380.29 $246,155.83
203 $246,155.83 $655.46 $0.00 $1,391.80 $248,203.09
204 $248,203.09 $655.46 $0.00 $1,403.38 $250,261.93
205 $250,261.93 $655.46 $0.00 $1,415.02 $252,332.41
206 $252,332.41 $655.46 $0.00 $1,426.72 $254,414.59
207 $254,414.59 $655.46 $0.00 $1,438.50 $256,508.55
208 $256,508.55 $655.46 $0.00 $1,450.34 $258,614.35
209 $258,614.35 $655.46 $0.00 $1,462.24 $260,732.05
210 $260,732.05 $655.46 $0.00 $1,474.22 $262,861.73
211 $262,861.73 $655.46 $0.00 $1,486.26 $265,003.45
212 $265,003.45 $655.46 $0.00 $1,498.37 $267,157.28
213 $267,157.28 $655.46 $0.00 $1,510.55 $269,323.29
214 $269,323.29 $655.46 $0.00 $1,522.79 $271,501.54
215 $271,501.54 $655.46 $0.00 $1,535.11 $273,692.11
216 $273,692.11 $655.46 $0.00 $1,547.49 $275,895.06
217 $275,895.06 $655.46 $76,845.76 $1,559.95 $201,264.71
218 $201,264.71 $655.46 $0.00 $1,137.98 $203,058.15
219 $203,058.15 $655.46 $0.00 $1,148.12 $204,861.73
220 $204,861.73 $655.46 $0.00 $1,158.32 $206,675.51
221 $206,675.51 $655.46 $0.00 $1,168.57 $208,499.54
222 $208,499.54 $655.46 $0.00 $1,178.89 $210,333.89
223 $210,333.89 $655.46 $0.00 $1,189.26 $212,178.61
224 $212,178.61 $655.46 $0.00 $1,199.69 $214,033.76
225 $214,033.76 $655.46 $0.00 $1,210.18 $215,899.40
226 $215,899.40 $655.46 $0.00 $1,220.73 $217,775.59
227 $217,775.59 $655.46 $0.00 $1,231.33 $219,662.38
228 $219,662.38 $655.46 $0.00 $1,242.00 $221,559.84
229 $221,559.84 $655.46 $80,688.05 $1,252.73 $142,779.98
230 $142,779.98 $655.46 $0.00 $807.30 $144,242.74
231 $144,242.74 $655.46 $0.00 $815.57 $145,713.77
232 $145,713.77 $655.46 $0.00 $823.89 $147,193.12
233 $147,193.12 $655.46 $0.00 $832.25 $148,680.83
234 $148,680.83 $655.46 $0.00 $840.66 $150,176.95
235 $150,176.95 $655.46 $0.00 $849.12 $151,681.53
236 $151,681.53 $655.46 $0.00 $857.63 $153,194.62
237 $153,194.62 $655.46 $0.00 $866.18 $154,716.26
238 $154,716.26 $655.46 $0.00 $874.79 $156,246.51
239 $156,246.51 $655.46 $0.00 $883.44 $157,785.41
240 $157,785.41 $655.46 $0.00 $892.14 $159,333.01
241 $159,333.01 $655.46 $84,722.45 $900.89 $76,166.91
242 $76,166.91 $655.46 $0.00 $430.66 $77,253.03
243 $77,253.03 $655.46 $0.00 $436.80 $78,345.29
244 $78,345.29 $655.46 $0.00 $442.98 $79,443.73
245 $79,443.73 $655.46 $0.00 $449.19 $80,548.38
246 $80,548.38 $655.46 $0.00 $455.43 $81,659.27
247 $81,659.27 $655.46 $0.00 $461.71 $82,776.44
248 $82,776.44 $655.46 $0.00 $468.03 $83,899.93
249 $83,899.93 $655.46 $0.00 $474.38 $85,029.77
250 $85,029.77 $655.46 $0.00 $480.77 $86,166.00
251 $86,166.00 $655.46 $0.00 $487.20 $87,308.66
252 $87,308.66 $655.46 $0.00 $493.66 $88,457.78
253 $88,457.78 $0.00 $88,958.57 $500.15 ($0.64)