Education Goal Calculator
The monthly SIP or lump sum for a child's higher education, from the child's age and the course's cost today
Monthly SIP needed
₹14,812
- Course will cost
- ₹54,39,247
- Or a lump sum today
- ₹13,75,556
₹20,00,000 today becomes ₹54,39,247 in 13 years at 8.0%.
How it adds up
- Cost today
- ₹20,00,000
- Cost when the course starts
- ₹54,39,247
- Savings, grown
- ₹6,90,454
- Shortfall
- ₹47,48,793
- SIP instalments in total
- ₹23,10,706
- Monthly SIP needed
- ₹14,812
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How this is calculated
Formula
SIP = shortfall ÷ ([((1 + i)ⁿ − 1) ÷ i] × (1 + i))
With your numbers
- 1Cost thencost × (1 + inflation)^years₹20,00,000 × (1 + 8.0%)^13 = ₹54,39,247
- 2Savings, grown₹2,00,000 × (1 + 10.0%)^13 = ₹6,90,454
- 3SIP₹47,48,793 over 156 months → ₹14,812 a month
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