Education in India is getting more expensive every year. The cost rises much faster than normal inflation. A professional course that costs Rs 5 lakh today could cost Rs 15 lakh or more in just 10 years.
Without a savings plan, many families fall short when the time comes. They take education loans, dip into retirement savings, or ask their children to compromise on their choice of college.
This does not have to happen to your family. The Education Cost Calculator helps you see exactly what your child's education will cost in the future and shows you how much to invest each year to reach that goal.
Education inflation in India runs between 8% and 12% per year. That is much higher than general inflation. A course that costs Rs 8 lakh today will cost around Rs 17 lakh in 8 years at 10% inflation.
Starting early gives you a big advantage. Thanks to compounding, even Rs 5,000 per month can grow into Rs 20 lakh or more over 15 years. The longer your money is invested, the harder it works for you. You can explore child savings plans to find the right investment option for your timeline.
Using this education savings calculator is straightforward. Follow these four steps to generate your customized education funding plan.
Enter the amount the desired course or institution charges today. For example, if a 4-year engineering degree currently costs Rs 4 lakh per year, enter Rs 4,00,000. Check current university fee structures for accuracy.
Specify how many years remain before your child will need the funds. If your child is currently 5 years old and college starts at 18, enter 13 years. The longer your horizon, the smaller your required monthly savings.
Education costs rise faster than general prices. Enter 8% to 10% for education in India. For international universities, 5% to 7% is a realistic annual rate.
Enter the return you expect from your investments. Equity mutual funds or ULIPs may deliver 10% to 12% long term, while fixed deposits and PPF offer 6% to 8%. Review our investment plans page to compare.
Replace guesswork with accurate mathematical projections designed to safeguard your family's future.
Most parents plan based on today's fees. That is a mistake. This calculator factors in inflation so you get a realistic picture of what education will actually cost when your child is ready, preventing unexpected financial shortfalls.
The calculator tells you exactly how much to invest each year. No guesswork. You can match this target with a child savings plan, mutual fund SIP, or guaranteed return options.
Run the calculator multiple times. See what happens if you start 2 years earlier, or if you choose an aggressive vs balanced portfolio. This flexibility helps you find the strategy that best fits your family's budget.
A specific savings target creates accountability and is easier to follow than a vague plan. When you know the exact amount, you can set up an automated SIP and track your accumulation progress annually.
You can also use our retirement calculator to ensure your personal retirement goals remain funded alongside your child's education fund.
This tool is designed for parents of infants, toddlers, and school-goers aiming to build a substantial corpus early. It is equally valuable for families with teenagers who need to calculate catch-up investments in a shorter window, or grandparents looking to fund a grandchild's higher education.
Whether planning for undergraduate studies, prestigious MBA programs, medicine, or foreign master's degrees, the calculator adapts seamlessly to your inputs.
Empowering families across India with personalized financial roadmaps
We have been helping parents plan for their children's education for over 5 years. Our IRDAI licensed advisors compare child savings plans, mutual fund SIPs, and other options to find the right combination for your family. Every recommendation is based on your child's age, your income, and your goals.
Answers regarding higher education costs, inflation estimates, compounding timelines, and foreign universities
Use the calculator above to get your numbers. For personalised guidance on building an education fund, speak with our advisors or call 90 90 92 15 15.
Disclaimer: This calculator provides approximate estimates based on the inputs you provide. Actual costs may vary based on institution, location, and market conditions.