Calculator
Child Education Calculator
Estimate the potential future cost of your child's education and understand the monthly investment that may be required to prepare for the goal.
Education costs can increase significantly over time. This calculator helps you estimate the future education cost, compare it with your projected savings and understand the potential funding gap.
Back to all financial planning calculatorsYour inputs
Enter the current estimated cost of the education you are planning for.
Select an assumption for how education costs may increase over time. Actual education costs may vary.
Optional. Enter the amount already set aside for this education goal.
Used only as an illustration. Actual investment returns may be higher or lower. Enter a value between 6% and 14%.
Optional. If you are already investing regularly towards this education goal, enter the current monthly amount.
Enter the education cost, years until education and an assumed annual return to see your estimate.
Illustrative calculation only. Actual education costs, inflation, investment returns, taxes, expenses and other factors may vary. This calculator does not constitute investment advice or a recommendation to invest in any particular financial product.
Illustrative calculation only. Actual returns may vary based on market performance, timing, taxes, expenses and other factors. This calculator does not constitute investment advice or a recommendation to invest in any particular financial product.
Planning for your child's future?
Understanding the potential education funding gap is only the first step. A broader review can help you understand how your existing investments and future contributions fit into your financial goals.