Child Education Planning Calculator — Save for Your Child's Future
Calculate the future cost of your child education and how much to save monthly through SIP or savings to build the required corpus by admission time.
Education costs in India are rising at 10-12% annually much faster than general inflation. An engineering degree costing Rs 10 lakh today will cost Rs 26 lakh in 10 years and Rs 67 lakh in 20 years. For foreign education a masters program costing Rs 30 lakh today could cost Rs 78 lakh in 10 years. Starting a dedicated education fund early through equity SIP is essential to beat education inflation.
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Key Information
| Parameter | Details |
|---|---|
| Education Inflation Rate | 10% - 12% per year |
| Current IIT Cost (4 years) | Rs 10-12 lakh |
| Current IIM Cost (2 years) | Rs 25-30 lakh |
| Current US Masters Cost | Rs 40-70 lakh (tuition + living) |
Plan your child education fund
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Use Calculator NowFrequently Asked Questions
How much to save monthly for child education abroad?
If your child is 5 years old and you need Rs 60 lakh in 13 years for foreign education you need to invest approximately Rs 15000 per month in equity SIP at 12% expected returns. Starting when the child is newborn reduces the required SIP to approximately Rs 9000 per month. Every year of delay significantly increases the required monthly investment.
Best investment for child education fund?
For goals 10+ years away: 70% in equity mutual funds (diversified or index) and 30% in PPF or debt funds. For goals 5-10 years: 50% equity and 50% debt. For goals under 5 years: 100% in debt funds FDs or short-term bonds. Sukanya Samriddhi Yojana at 8.2% is excellent for girl child education with tax-free returns.
Should I take education loan or save in advance?
Ideally do both: save as much as possible and use education loan to bridge the gap. Education loans offer Section 80E tax deduction on interest with no upper limit. However the interest cost on a Rs 30 lakh education loan at 10% for 7 years is approximately Rs 12 lakh. Starting a SIP 15 years early can eliminate the need for a loan entirely.
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Last updated: 24 March 2026