Personal Investor - Tools
 

Education Calculator

Follow these 7 simple steps to determine whether you’re on track to fund your child’s education. Once you’ve seen the initial results, you can edit the inputs to determine what adjustments you may need to make if there’s a shortfall.

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What is your child's name?

Is {x} currently in school?

What grade is {x} currently in?

How old will {x} be turning next year?

What are the current annual fees for the institutions {x} is/will be attending?

How much do you currently have saved for {x}'s education?

What are you currently saving for {x}'s education each month, after paying school fees?

What real return do you expect from your investment?

Real return is the annual percentage growth you expect from your investments, over and above inflation. Typically it ranges between 3% - 6%, but can be higher or lower depending on your underlying fund/s.

Education Information

Grade R/Primary school fees (current)

High school fees (current)

University/College fees (current)

Current education savings

Monthly contributions

Expected real return (%)

University/College (no. of years)

 
  • The values used in our tools are determined using projections based on current assumptions about uncertain future outcomes. These assumptions were determined considering the historic relationship between varying factors. The actual future values will depend on the actual amounts that you invest and the associated investment performance, fees and taxes of your selected underlying portfolios. These calculators are provided as a guide and illustration. Prudential Investment Managers (SA) Pty Ltd. will not be held responsible for your reliance on these calculators for your financial planning. We recommend that you speak to a financial adviser and review your retirement plan regularly to ensure you meet your goals.
  • The following assumptions are used in this calculation:
  • Inflation rate of 5.5%
  • 5.5% annual escalation to monthly contributions
  • 8% annual escalation to school fees
  • School fees are paid monthly in advance