Child Education Planning
How Much Corpus Do You Need for Your Child's Higher Education in 2035–2040?
Planning for IIT, Medical, or Abroad education? Calculate the exact corpus you need and start investing today. Education costs are rising at 10% annually—early planning is crucial.
Education Cost Comparison (2035 vs 2040)
Here's how much you'll need for different education paths, accounting for 10% annual education inflation.
Estimated Costs in 2035
IIT (B.Tech + M.Tech)
2035:
₹71.33L
2040:
₹1.15Cr
Medical (MBBS + PG)
2035:
₹5.71Cr
2040:
₹9.19Cr
Abroad - USA
2035:
₹7.70Cr
2040:
₹12.41Cr
Abroad - UK
2035:
₹5.71Cr
2040:
₹9.19Cr
Abroad - Canada
2035:
₹4.85Cr
2040:
₹7.81Cr
Detailed Cost Breakdown by Education Path
Select an education path and target year to see detailed calculations.
IIT (B.Tech + M.Tech)
Current Cost (2024)
₹25.00L
Estimated Cost (2035)
₹71.33L
Years to Goal
11 years
B.Tech (4 years): Includes tuition, hostel, mess, books, and other expenses
M.Tech (2 years): Post-graduation specialization
Note: Costs vary by IIT. This is an average estimate.
How Much Should You Invest Monthly?
Calculate the monthly SIP required based on your child's current age and target education path.
Monthly SIP Required (12% expected return)
₹9.41K
For ₹71.33L in 18 years
Corpus Growth Over Time
Year-by-Year Investment & Corpus Growth
| Year | Annual SIP | Total Invested | Corpus Value | Returns |
|---|---|---|---|---|
| 2024 | ₹1.13L | ₹0 | ₹0 | ₹0 |
| 2026 | ₹1.13L | ₹2.26L | ₹2.54L | ₹27.99K |
| 2028 | ₹1.13L | ₹4.52L | ₹5.76L | ₹1.24L |
| 2030 | ₹1.13L | ₹6.78L | ₹9.86L | ₹3.08L |
| 2032 | ₹1.13L | ₹9.04L | ₹15.05L | ₹6.02L |
| 2034 | ₹1.13L | ₹11.29L | ₹21.65L | ₹10.36L |
| 2036 | ₹1.13L | ₹13.55L | ₹30.03L | ₹16.48L |
| 2038 | ₹1.13L | ₹15.81L | ₹40.67L | ₹24.86L |
| 2040 | ₹1.13L | ₹18.07L | ₹54.18L | ₹36.11L |
| 2042 | ₹1.13L | ₹20.33L | ₹71.33L | ₹51.00L |
Key Insights & Planning Tips
Start Early, Invest More
If your child is 0 years old, you need a smaller monthly SIP. If you wait until they're 10, you'll need almost 3x more monthly investment to reach the same corpus. Time is your biggest ally in education planning.
Education Inflation is Real
Education costs rise at 10% annually—faster than general inflation (6%). A ₹25L IIT education today becomes ₹1.5Cr+ in 2035. This is why early planning and regular SIP increases are crucial.
Abroad Education Needs Higher Corpus
USA education costs 4-5x more than IIT. UK and Canada are also significantly higher. Plan for currency fluctuations and add a 15-20% buffer for abroad education.
Use TOP-UP SIP
Increase your SIP by 10-15% annually as your income grows. This helps you reach your goal faster, build a larger corpus, and stay ahead of inflation.
Your Action Plan
Calculate Your Exact Requirement
Use our goal calculator to determine the corpus needed based on your child's age and chosen education path. Factor in inflation and add a buffer.
Start SIP Immediately
Don't wait for the perfect time. Start with whatever you can afford and increase gradually. Even ₹5,000/month can grow significantly over 15-18 years.
Choose the Right Funds
For long-term goals (10+ years), equity mutual funds are ideal. For shorter horizons (5-7 years), use hybrid funds. Avoid debt funds for long-term education goals.
Review & Rebalance Annually
Review your portfolio annually, increase SIP with income growth, and rebalance if needed. Track progress toward your goal.
Consider Multiple Goals
If planning for multiple children or multiple education levels, create separate SIPs for each goal. This ensures clarity and better tracking.
Important Considerations
Government vs Private Colleges
Government colleges (IITs, AIIMS) have lower fees but are highly competitive. Plan for private college costs as a backup. This ensures you're prepared regardless of admission results.
Scholarships & Financial Aid
While scholarships can reduce costs, don't rely on them for planning. Plan for full costs. If your child gets a scholarship, the extra corpus can fund additional expenses or other goals.
Living Expenses
Education costs include tuition, hostel, mess, books, and other expenses. For abroad education, factor in accommodation, food, health insurance, and travel costs.
Currency Fluctuations
For abroad education, currency exchange rates can significantly impact costs. Add a 15-20% buffer to account for currency fluctuations and unexpected expenses.
How HRP Wealth Helps You Plan
Goal-Based Planning
We help you calculate the exact corpus needed, choose the right funds, and create a systematic investment plan tailored to your child's education goals.
Portfolio Management
Regular portfolio reviews, rebalancing, and guidance on TOP-UP SIP to keep you on track to meet your goals. We monitor your progress and adjust as needed.
Expert Guidance
30+ years of experience helping families achieve their education goals. We understand the nuances of education planning and inflation impact.
Start Planning Your Child's Education Today
Every day you delay costs you more. Start your SIP today and give your child the education they deserve. Early planning is the key to success.
Disclaimer
All figures and projections are illustrative and based on current estimates. Education costs vary significantly by institution, location, and program. Actual costs may differ. Mutual fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance may or may not be sustained in the future and is not a guarantee of returns.
The information here is not investment advice or an offer to buy/sell any investment product. Please assess your risks, consult a qualified professional, and make informed decisions based on your specific circumstances.
HRP WEALTH | 9327141436 | hrpwealth@gmail.com | AMFI Registered Mutual Fund Distributor (ARN-342284) | Not a SEBI-registered Investment Adviser
