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Child education
Education costs rise faster than prices. Enter today’s fees and see what they’ll be, and the SIP that pays for them.
Monthly SIP for education
Invest $1,022 a month
Today’s $130K of fees becomes $640K by the time they’re due, at 10% education inflation.
yrs
$
yrs
15 years from now.
$
Set to 0 to plan for one stage only.
yrs
19 years from now.
%
Usually 8–10% a year, above general inflation.
%
$
%
Undergraduate at 18
Cost thenToday’s $80,000 after 15 years of 10% education inflation.
$334K
today: $80K
Monthly SIP
$645
for 15 years
Savings cover
$27.4K
of the cost
Postgraduate at 22
Cost thenToday’s $50,000 after 19 years of 10% education inflation.
$306K
today: $50K
Monthly SIP
$378
for 19 years
Savings cover
$0
of the cost
How this is calculated
Each stage gets its own SIP, timed to its own date, so money for postgraduate study isn’t drawn down for the first degree. What you’ve saved already goes to the earliest stage first; any surplus carries over.
cost then = cost today × (1 + 10%)years
SIP = (cost then − savings grown) ÷ value of 1 a month
SIP = (cost then − savings grown) ÷ value of 1 a month
As the date nears, move the money to safer, lower-return options so a late market fall can’t derail the plan. Returns are assumed steady; tax isn’t modelled.