This calculator helps you to calculate how much you need to save on a lump sum/yearly/monthly basis to achieve your dream of sending your child for a tertiary education at the end of a set period of time.
Just input the relevant information and press the key.

For example:
You wish to send your child (currently age 2) for further study in USA (estimated current cost of education is RM234,076) when your child reaches the age of 18. You expect the cost of education in USA will increase at a rate of 6% p.a. and you have RM10,000 now yielding a 5% interest.

You need to save RM1,217.63 each month on the expectation that your investment will generate a return rate of 10%.

To start, please press the key.

Step 1: Your Target Amount For Your Child's Education
Current age:
Age to enter university:
Estimated current cost of education:
Estimated increase of education cost:	%
Estimated future cost of education:
Step 2: Future Value Of Your Current Savings
Current Savings (lump sum) available:		yielding	%
Estimated future value of savings:
Shortage of education fund:
Step 3: Estimated Rate Of Return On Investment
Your estimated investment return (%):
Option A:		Lump sum investment required:
Option B:		Yearly investment required:
Option C:		Monthly investment required:
NOTE: The accuracy of this calculator and its applicability to your circumstances is not guaranteed. You are advised to obtain personal advice from qualified professionals.
To find out your risk tolerance and suitability of various funds to meet your needs, please click on the following button:

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