About the Child Education Calculator
Education costs rise faster than normal inflation. This calculator estimates what a course may cost when your child needs it and the monthly SIP to meet it.
Enter the cost today, your child's age, the age when money is needed, expected cost inflation and returns.
Formula used
Future cost = cost today × (1 + education inflation)^years. SIP needed = (future cost − savings growth) ÷ SIP factor.
Frequently asked questions
What education inflation should I use?
Many people assume 7% to 10%. Foreign education also depends on the exchange rate.
Should I use equity for this goal?
For goals more than 7 years away, equity can help. Move to safer options as the date nears.
Can I reduce the SIP needed?
Start earlier, step up your SIP yearly or lower the target cost.