Education Goal Calculator
Estimate future education costs and required monthly investment
Education Goal Details
₹
Total cost for complete course (4 years)
₹
%
Education costs rise 8-12% annually in India
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Common Education Goals:
Future Education Cost
₹69,04,542
Estimated cost after 13 years
Investment Strategy
Required Monthly SIP
₹16,206
Invest monthly for 13 years @ 12% returns
OR
Required Lumpsum Today
₹13,82,343
One-time investment @ 12% returns
Cost Breakdown
Current Education Cost₹20,00,000
Inflation Impact+₹49,04,542
Future Value of Savings₹8,72,699
Additional Amount Needed₹60,31,844
Education Cost Benchmarks (2024)
Engineering (IIT/NIT)₹15-20L
Engineering (Private)₹25-40L
MBBS (Govt)₹5-10L
MBBS (Private)₹50L-1Cr
MBA (IIM)₹25-30L
UG (USA/UK)₹1-2Cr
Smart Education Planning
Start When Child is Born
18 years gives maximum compounding benefit
Use Equity for Long Term
If 10+ years away, invest 80% in equity MFs
Consider Education Loan
Tax benefits under 80E + child's financial responsibility
💡 Education Investment Tips
•
Sukanya Samriddhi: 8.2% tax-free returns for girl child education (max ₹1.5L/year)
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PPF Alternative: Safe 7.1% returns with 15-year lock-in for education goals
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Review Annually: Education inflation varies 8-15% - adjust SIP accordingly
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Diversify Goals: Separate corpus for school fees, college, higher studies