Short answer: 4 years of studies that cost $3.000,00 a year today would cost about $18.857,41 in total if they start in 10 years (with a sample annual increase of 4.0%). With your current savings, you would need to set aside about $111,61 a month with a sample return of 5.0%.
The preloaded values are an example: replace them with your own figures.
Required monthly savings
With these figures, 4 years of studies that cost $3.000,00 a year today would cost about $18.857,41 in total if they start in 10 years (with a sample annual increase of 4.0%). With your current savings, you would need to set aside about $111,61 a month with a sample return of 5.0%.
Estimated cost per year of study
| Period | Estimated cost |
|---|---|
| Study year 1 | $4.440,73 |
| Study year 2 | $4.618,36 |
| Study year 3 | $4.803,10 |
| Study year 4 | $4.995,22 |
Results are for reference only and are not actual figures. Values depend on the country, the financial institution, taxes and current laws, and must be validated with an authorized financial institution. Banco.guru is an educational guide to what can be achieved; it does not offer products or personalized financial advice.
Tips for using this result
- Find out the real cost: tuition, fees, materials, transportation and housing.
- If less than 3 years remain, favor low-risk instruments.
- Look into scholarships, student loans and public programs using official sources.
- Automate your contribution on payday.
How does this tool calculate?
First it projects the cost of each year of study by applying the annual increase you enter: cost of year k = cost today × (1 + increase)years until start + k. It adds all the years to get the estimated total cost.
It then calculates how much your current savings would grow by the start of studies and the monthly contribution needed to raise the difference, at the sample return you choose.
Assumptions
- The goal is to have the total raised when studies begin (a prudent scenario).
- Constant cost increases and returns.
- No taxes or fees.
It is an educational estimate. Real costs depend on the institution, the city and the country. Also read financial education for children.
Frequently asked questions
What cost increase should I enter?
If you don’t know it, use your country’s inflation plus a prudent margin and try several scenarios.
Where is it best to save for education?
It depends on the time frame and your profile. For short time frames, low-risk and liquid options. Consult an authorized institution.
Does it include scholarships or student loans?
No. If you expect a scholarship, subtract it from the annual cost.
Does it work for graduate school or high school?
Yes. Adjust the annual cost and the years of study.
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