Education Expense Calculator
Plan how much to save monthly for your child's future education cost.
Your inputs
Inflates today's course/school fee to the year you'll need it, then works out the monthly SIP required to close the gap after growing your existing savings.
Estimates only. Figures are indicative and do not constitute financial advice.
About the Education Expense Calculator
"Child education planner calculator" is a search that hits differently once you actually look up current college fees and realize what they might cost 10-15 years from now. Education costs in India have historically risen faster than general inflation, and this calculator forces that reality into a concrete number: your current course or school fee, inflated to the year you'll actually need it, and the exact monthly SIP required to get there.
The calculator inflates today's annual fee by your expected education inflation rate (historically higher than general inflation — often 8-12% for private schools and professional courses) to the year your child will need it, sizes the total corpus required, grows any existing education savings at your expected investment return, and calculates the monthly SIP needed to close the remaining gap. This is genuinely one of the most important calculators for parents to run early — because the required monthly saving for a goal 15 years away is dramatically smaller than for the same goal 5 years away, purely due to compounding, which means starting early beats starting late with a larger amount. Use this for planning school fees, engineering or medical college costs, or study-abroad expenses, and revisit it every couple of years as fee inflation and your own savings progress become clearer.
How to use this calculator
- Enter today's annual course or school fee.
- Enter how many years until your child needs it.
- Set your expected education inflation and investment return.
- Enter what you've already saved — see your required monthly SIP.
Frequently asked questions
›How fast does education inflation run in India?
Education costs, especially for private schools and professional courses, have historically risen faster than general inflation — often estimated in the 8-12% range annually, though it varies by institution type.
›Should I use a debt or equity fund for education savings?
It generally depends on your time horizon — a longer runway (10+ years) often suits a higher equity allocation for growth, shifting toward safer debt instruments as the goal date approaches, similar to retirement planning.
›What if my child's specific course choice is still uncertain?
Use a reasonable estimate based on the general category (engineering, medical, MBA, study abroad) — you can always adjust your monthly SIP later as the actual choice and costs become clearer.
›Does this account for multiple children?
Run the calculator separately for each child's expected education cost and timeline, then add the required monthly SIPs together for your total planning figure.
Read the full guide
What You Actually Need to Save Monthly for Your Child's Education