General
Education Cost Planner
Estimate the future cost of a college / course and the monthly SIP needed to fund it.
Plan details
₹20.00 L
Typically 8–10% in India
Required monthly SIP
₹12,574
to fund ₹63.44 L in 15 yrs
- Future cost of course
- ₹63,44,338
- Grown current savings
- ₹0
- Funding gap
- ₹63,44,338
Future cost inflated at education inflation; SIP invested at your expected return.
Cost split
- Funding gap
Total: ₹63.44 L
Formula
How the math works
Future Cost = Cost × (1 + i)ⁿ; SIP = Gap / [((1+r)ᵐ − 1)/r × (1+r)]
- i
- Education inflation (typically 8–10%)
- r
- Monthly return on investment
- m
- Months to goal
Method
How it works
- 1
Enter the current cost of the course (fees + living).
- 2
Set education inflation — usually 8% in India.
- 3
Add your existing education savings and expected investment return.
- 4
CalcPe returns the future cost, gap and monthly SIP required.
Worked example
A quick walkthrough
Inputs
Current cost ₹20 L, 8% education inflation, 12% investment return, 15 years to go.
Steps
- Future cost ≈ ₹63.4 L
- Existing savings grown ≈ ₹0
- Gap ≈ ₹63.4 L
- SIP ≈ ₹12,580/mo for 15 years
Result
Save ~₹12,580/mo to fund a ₹63 L education in 15 years.
Why use it
Why CalcPe’s Education Cost Planner
- Realistic inflation assumption for education (higher than CPI).
- Accounts for existing savings you’ve already earmarked.
- Perfect for parents planning kids’ college or MBA.
- Combine with Sukanya Samriddhi for girl child goals.
FAQ
Frequently asked questions
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