About the Child education calculator
Education costs rise every year, often faster than general prices. The child education calculator inflates today’s cost to the year it is needed, counts what you have already saved, and works out the monthly investment for the rest.
How the Child education calculator works
Future cost = Cost today × (1 + education inflation)^years
Existing savings and the monthly investments both earn the return you enter, compounded monthly, with each instalment at the start of its month.
The monthly amount is what closes the gap between the future cost and the future value of your savings.
Worked example
- Cost of education today
- ₹15,00,000
- Years until needed
- 12
- Annual education inflation
- 8%
- Expected annual return
- 10%
- Already saved
- ₹1,00,000
Example inputs
- Monthly investment needed
- ₹12,365.9
- Future cost of education
- ₹37,77,255.18
- Future value of existing savings
- ₹3,30,364.9
Calculated result
Why use a Child education calculator?
- Put a figure on a goal that is many years away.
- See how education inflation changes the target.
- Check how much existing savings reduce the monthly amount.
Child education calculator FAQs
What education inflation should I assume?
Look at how fees for the course you have in mind have risen over recent years. The default is only an example.
Should I include hostel, travel and living costs?
Yes, if you expect to pay them. Enter the full cost at today’s prices.
Can I plan for more than one goal?
Run the calculator once for each goal, such as school, graduation and postgraduate study, and add the monthly amounts.
What if my savings already cover the cost?
The monthly amount shows as zero and the calculator says the savings already cover the future cost.
Is an education loan a substitute?
It can fill a gap, but you repay it with interest. The EMI calculator shows what a loan would cost.