Child Education Calculator

Illustrates how a child's education cost may grow over time, and the monthly amount shown by the calculation to work toward it.

This calculator first projects a current education cost forward using an assumed inflation rate, then calculates the level monthly SIP that would reach that inflated cost over the same time horizon — combining a future-cost projection with a required-SIP calculation.

How it works

It composes two steps: the current cost is inflated forward to a future cost, then the monthly SIP needed to reach that future cost (at the assumed return, over the same years) is calculated — the same underlying method used for any long-term goal, not something education-specific.

What each input means

Current education cost

The cost, at today's prices, for the course or stage you're planning for.

Years until this cost applies

How many years until the cost is actually needed.

Assumed education inflation

A neutral assumption you choose — not a forecast of actual future education costs.

Expected annual return

An assumption you choose for illustration — not a guarantee.

What the results mean

Illustrated future education cost

The current cost, projected forward by the inflation assumption to the point the cost applies.

Monthly amount shown by the calculation

The level monthly SIP this calculation shows for reaching the illustrated future cost, at the assumed return.

Assumptions

• Education inflation and the return assumption both apply evenly every year for the whole period.
• The calculation starts from zero savings toward this specific goal — it doesn't account for savings you may already have.

Limitations

• Actual education costs when the time comes can differ substantially from any inflation assumption used here.
• Actual investment returns are market-linked and not guaranteed.
• This calculator doesn't currently offset existing savings toward this specific goal.

Common mistakes

• Treating the monthly amount shown as a recommendation for what to invest, rather than a mathematical answer under specific assumptions.
• Using a general inflation figure when education costs have often historically risen faster than general inflation — consider a higher, education-specific assumption.

Example

For example, a ₹10 lakh current cost, growing at 8% inflation over 15 years, illustrates a future cost of roughly ₹31.7 lakh, needing a monthly amount of about ₹6,900 at an assumed 11% return.

FAQ