Rytvae Consulting · Think Right · Invest Right
Child Education & Marriage Planner
Result
Chart
Show formula & working
Cost then = Cost today × (1 + i)age at goal − age now; SIP = (Cost then − savings grown) ÷ ((1 + r)n − 1) ÷ r × (1 + r)
r = assumed annual return ÷ 12; SIPs are taken as invested at the start of each month, as in the Goal SIP calculator.Details
How this works
A child's two biggest goals come at different times and inflate at different rates. Planning them separately avoids under-saving for the nearer one.
Leave a cost at zero to plan only one goal.
Frequently asked questions
What education inflation should I use?
Education costs have often risen faster than general inflation; many planners use a higher rate for them.
Should these goals be insured?
If the earning parent's income stops, the plan stops too; life cover sized to these goals protects them.