Education Planning Calculator

How Much Do I Need to Save for My Child's Education?

This calculator will help you come up with an estimate of how much you need to save for your child education. It assumes that you are saving in tax-deferred accounts, that inflation will average 4% annually, and conservative investors will earn 7% annually, while aggressive investors will make 10%. It also assumes that education in college or university will take 4 years.

Estimating Total College Fees
1.Annual college fees in present value
Including accommodation and living costs	RM

2. Inflation-adjusted target child education fund

Pick the number that corresponds most closely to the number of years from now when your child enters college.

Target Education Fund:
RM

Calculate the Gap
3. Total savings for child's education fund
PART A: Add existing savings for your child education.		RM
PART B: Again, select the investing style that best describes your own investment patterns.
		Savings after projected investment: RM

4.Additional Capital Needed
Assets needed minus Savings after projected investment	RM

Figure Your Savings Target
5.Monthly savings needed to meet your child's education goal
Based on choice of conservative or aggressive investment style.	RM

Disclaimer and conditions: There is no guarantee that the answers given by the education planning calculator are either complete or correct. It is not the author's responsibility if the user has incurred any monetary or non-monetary loss as a result of using the calculator. Use this calculator only for a very rough estimate of your child's education planning needs.

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