| Enter your first child name |
|
| Enter your second child name |
|
| Enter your first child current age (in years) |
|
| Enter your second child current age (in years) |
|
| Enter the age at which your first child would be ready for professional education (in years) |
|
| Enter the age at which your second child would be ready for professional education (in years) |
|
| Enter the amount you would need at today's cost to fulfil your first child educational needs (Rs) |
|
| Enter the amount you would need at today's cost to fulfil your second child educational needs (Rs) |
|
| The expected rate of inflation over the years (% per annum) |
|
| What rate of return would you expect your investment? (% per annum) |
|
| How much savings you have now? (Rs) |
|
Result |
|||
|---|---|---|---|
| Education Planner | Cost of Raju's education | Cost of Rani's education | Total cost for both |
| Amount at today's prices | Rs. 5,00,000 | Rs. 5,00,000 | Rs. 10,00,000 |
| Your child will take up professional education in | 10 year(s) | 15 year(s) | - |
| Expected rate of return from investments (% per annum) | 8 % | 8 % | - |
| Future cost of education (Inflation adjusted) | Rs. 8,14,447 | Rs. 10,39,464 | Rs. 18,53,911 |
| Your current savings amount | Rs. 5,000 | Rs. 5,000 | Rs. 10,000 |
| Monthly Savings required | Rs. 4,448 | Rs. 3,029 | Rs. 7,477 |
