COST OF RAISING A CHILD
Use this calculator to compute the expected expenses you will incur to bring up your child till he/she attains adulthood (21 years of age).
Do you already have a child? : GO
| A. Enter expected inflation rate (assumed current inflation rate is between 4% to 6%) : | % | |
| B. Enter the percentage of expenses expected to increase by year on year basis : | % | |
| Total increase in expenses will be (A+B) : | % | |
| Enter the expected rate of return on your investments : | % | |
| Enter your child's current age : | % |
| One time costs | ||
|---|---|---|
| Type of expense | Amount (as of today) | Enter your child's marriage age |
| Child's marriage expenses | ||
| Regular costs | |||
|---|---|---|---|
| Type of expense | Enter annual expense in Rs. (as of today) | Child's age when the expense started/will start (in years) | Child's age when the expense will end (in years) |
| Clothes | |||
| Food | |||
| Toys | |||
| Caretaker | |||
| Education (including private tuitions) | |||
| Hobby/summer classes | |||
| Medical costs | |||
| Vacations | |||
| Commuting | |||
| Entertainment | |||
| Gifts to child during festivals/birthdays/special occasions | |||
| Enter the expected inflation rate : | % | |
| Enter the percentage of expenses expected to increase by year on year basis : | % | |
| Total increase in expenses will be : | % | |
| Enter the expected rate of return on your investments : | % |
Enter the following costs that you will incur till delivery
| Type of expense | Amount in Rs. (as of today) |
| Pregnancy costs (doctor's bills, medicines, pregnancy clothes, etc.) | |
| Training classes for the mother | |
| Delivery and hospitisation costs | |
| Delivery celebration costs | |
| Equipment costs - pram, cradle, etc. | |
| Child's marriage expenses* |
| Enter the following costs that you will incur on a regular basis | |||
|---|---|---|---|
| Type of expense | Annual expense in Rs. (as of today) | Child's age when the expense started/will start (in years) | Child's age when the expense will end (in years) |
| Clothes | |||
| Food | |||
| Toys | |||
| Caretaker | |||
| Education (including private tuitions) | |||
| Hobby/summer classes | |||
| Medical costs | |||
| Vacations | |||
| Commuting | |||
| Entertainment | |||
| Gifts to child during festivals/birthdays/special occasions | |||
| Present value of funds required for your child's needs is Rs. | Assumptions : | One time costs of pregnancy taken at today's prices | Age of marriage 21 years |
| Present value of funds required for your child's needs is Rs. | Assumptions : | You are expecting a child. | One time costs of pregnancy taken at today's prices | Age of marriage 21 years. |
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