Child Education Cost Calculator

IIT B.Tech total cost in 2026 is approximately ₹10-12 lakh for 4 years (tuition + hostel + living). With education inflation of 10% per year, this could be ₹25-30 lakh in 10 years. SC/ST students get fee waivers. Private IITs and NITs cost ₹15-20 lakh.

For IIT (₹10L current cost), starting SIP at child's age 5: ~₹3,500-4,500/month in equity mutual funds (12% returns). For IIM MBA (₹25L), start at age 5: ~₹5,000-7,000/month. For abroad undergrad (₹40L), ~₹12,000-15,000/month. Starting earlier dramatically reduces the monthly amount needed.

Sukanya Samriddhi Yojana (SSY) offers 8.2% interest (2026), tax-free returns under Section 80C (up to ₹1.5L/year), and guaranteed government backing. It's excellent for risk-free education savings for daughters. However, it matures at age 21 and allows 50% withdrawal at age 18 for education. For higher returns, combine SSY with equity mutual fund SIPs.

Education inflation in India runs 8-12% per year — much higher than general CPI inflation (5-6%). IIT/IIM fees have increased 10-15% annually. Private medical colleges see 12-15% inflation. Abroad education costs rise 5-8% in local currency, but INR depreciation adds another 3-4%. Always plan with 10% education inflation minimum.

Start as early as possible — ideally from birth or age 1. Starting at birth vs age 10 can reduce your monthly SIP by 60-70% due to compounding. For a ₹40L abroad education goal, starting at birth needs ~₹5,000/month SIP, but starting at age 10 needs ~₹18,000/month. Even ₹1,000/month from day one grows significantly over 18 years.