The educational savings calculator will help you determine how much you need to save for your children's
education. Education costs can be significant, so it is important to plan ahead.
The educational savings calculator
considers your current assets earmarked for education plus the monthly savings you plan to save for
your children. Saving for many years will help generate investment income that can go toward education costs.
The calculator also determines the required amount of contributions that will be necessary to fund estimated future education costs.
Fill in the necessary data and click the Results button.
Enter the current age, the start age and duration of post-secondary studies for each child along with any amount you already have saved and the amount you expect to save monthly. Then select the tuition option based on where you think your children are going to go to school, assumed rates of return and inflation, and click the Update Results button.
Adjust any amount and your updated results will automatically be refreshed.