Education Fund Planner
Estimate the future cost of your child's education after inflation, project your current savings and contributions, and see the monthly amount needed to close any gap.
Your own estimate — Singapore has no official tuition/education-cost dataset to draw a default from.
e.g. 4 for a typical local degree.
Default 2.0% follows the MAS long-run inflation anchor — fees can rise faster, so adjust if needed.
Editable assumption: ~2.11% for Singapore Savings Bonds up to ~7% for long-run global equities. Not guaranteed.
Projected surplus
$58,256
On track — your plan is projected to cover the full cost.
Future cost of studies
$43,068
Projected savings
$101,324
Required monthly
$82
To fully fund from today
Estimates only. Cost figures are your own assumptions — Singapore publishes no official education-cost dataset. Returns are not guaranteed and may be negative; savings compound monthly at a constant assumed rate.
| Year | Contributed | Projected savings | Cost target |
|---|---|---|---|
| 0 | $10,000 | $10,000 | $32,000 |
| 1 | $13,600 | $14,195 | $32,640 |
| 2 | $17,200 | $18,605 | $33,293 |
| 3 | $20,800 | $23,241 | $33,959 |
| 4 | $24,400 | $28,113 | $34,638 |
| 5 | $28,000 | $33,235 | $35,331 |
| 6 | $31,600 | $38,619 | $36,037 |
| 7 | $35,200 | $44,279 | $36,758 |
| 8 | $38,800 | $50,228 | $37,493 |
| 9 | $42,400 | $56,481 | $38,243 |
| 10 | $46,000 | $63,055 | $39,008 |
| 11 | $49,600 | $69,964 | $39,788 |
| 12 | $53,200 | $77,228 | $40,584 |
| 13 | $56,800 | $84,862 | $41,395 |
| 14 | $60,400 | $92,888 | $42,223 |
| 15 | $64,000 | $101,324 | $43,068 |
Planning for your child's education in Singapore
Education is one of the largest goals a Singapore family saves for, and the bill arrives on a fixed date — the year your child starts their course. Because fees rise over time, the amount you need is a moving target: a course that costs $8,000 a year today could cost noticeably more by the time your child enrols. This planner projects that inflation-adjusted cost and compares it against where your savings are heading.
How the projection works
We inflate today's annual cost over the years until studies begin, multiply by the number of years of study, then grow your current savings and monthly contributions at your assumed return (compounded monthly). If your projected savings fall short, the planner back-solves the monthly contribution that would fully fund the goal from today.
A note on the numbers
Singapore does not publish an official education-cost dataset, so the cost inputs are your own estimates — research the specific institutions and paths you have in mind. The inflation default follows the MAS long-run anchor of about 2%, and the expected return is an editable assumption, not a promise. For the savings engine behind this tool, see the compound interest calculator; for early-years support, see the Baby Bonus and CDA calculator.
Frequently asked questions
How much should I save for my child's education?
There is no single right number — it depends on the path (local vs overseas, diploma vs degree), the duration and how fast fees rise. Enter your own estimate of today's annual cost, the number of years of study and how far away the start date is. The planner inflates that cost to the future and tells you the monthly contribution needed to reach it. Singapore does not publish an official education-cost dataset, so the cost figures are deliberately yours to set.
How is the future cost calculated?
Future cost = today's annual cost × years of study × (1 + inflation)^(years until start). For example, $8,000 a year for 4 years, starting in 15 years, at 2% inflation works out to about $43,000 in future dollars. Tuition has historically risen faster than headline inflation, so consider testing a higher rate.
What return rate should I assume on my savings?
That depends on how you invest. Lower-risk Singapore options like Singapore Savings Bonds have recently averaged around 2.1% a year, while a diversified global equity portfolio has historically returned roughly 7% over the long run — but with far more volatility. The default 5% is a middle-ground assumption you should adjust to your own plan. Returns are never guaranteed.
Can I use my CDA or Child Development Account for this?
Baby Bonus and the Child Development Account help with early-years expenses, not tertiary study, and CDA balances roll into a Post-Secondary Education Account (PSEA) when the child turns 13. This planner covers any longer-horizon education goal you fund from your own savings or investments — treat any government grants as a bonus on top.