Children's Education Fund Calculator
Enter the child's age, the cost of study and your current savings.
Projected total cost
β
Enter values above
Years until study starts
β
Future annual cost
β
Current plan will build
β
Shortfall
β
Required monthly saving
β
Worked example
With the default inputs shown below, this calculator returns the following results:
| Input | Value |
|---|---|
| Child's age now | 3 |
| Age study starts | 18 |
| Annual cost today ($) | 25000 |
| Education cost inflation (%) | 5 |
| Years of study | 3 |
| Expected return (%) | 6 |
| Current savings ($) | 5000 |
| Monthly contribution ($) | 300 |
| Result | Value |
|---|---|
| Projected total cost | $155,920 |
| Years until study starts | 15 |
| Future annual cost | $51,973 |
| Current plan will build | $99,516 |
| Shortfall | $56,404 |
| Required monthly saving | $493.95 |
Values shown are produced by this page in your browser; change any input to update them.
How to use the Children's Education Fund Calculator
- Child's age now β default 3
- Age study starts β default 18
- Annual cost today ($) β default 25000
- Education cost inflation (%) β default 5
- Years of study β default 3
- Expected return (%) β default 6
- Current savings ($) β default 5000
- Monthly contribution ($) β default 300
- Press Calculate to update the results instantly.
Frequently asked questions
Education costs have historically risen well above general inflation. At 5% a year, a $25,000 course today costs about $43,000 in fifteen years and $55,000 in twenty.
Yes β a tax-advantaged education account or a separate investment account keeps the money out of reach so it is not spent on something else.
The required monthly figure jumps sharply. Starting at birth instead of age three reduces the monthly amount by roughly a third.