Family Planning Calculator
Plan for your family's future! Calculate costs for raising children or supporting elderly parents with Indian market data and inflation adjustments.
Pro Tip: In India, raising a child costs ₹1.5-3L annually, while elderly care can be ₹2-6L per year. Start planning early with SIPs and health insurance!
Plan Your Family's Future
Financial Summary
Total Cost
$ 11.4M
Over 20 years
Monthly Savings Needed
$ 2.2K
To meet future costs
Total Savings Needed
$ 1.7M
Present value
Annual Cost
$ 1.1M
Current year
Cost Breakdown
Education
$ 789.1K
Healthcare
$ 87.7K
Lifestyle
$ 263.0K
Total Annual Cost
$ 1.1M
Cost Projection Over Time
Family Planning in India: Key Considerations
Child Rearing Costs
Education: Private schools cost ₹1.5-3L annually, while international schools can be ₹3-5L per year
Healthcare: Private healthcare costs ₹50K-1L annually, including vaccinations and checkups
Lifestyle: Extracurricular activities, clothes, toys, and entertainment add ₹1-2.5L annually
Higher Education: Engineering/Medical courses can cost ₹10-50L for 4-5 years
Elderly Care Costs
Healthcare: Medical expenses increase with age, averaging ₹1-3L annually for seniors
Care Services: Home care costs ₹2L/year, assisted living ₹4L/year, nursing homes ₹6L/year
Living Expenses: Food, utilities, and daily needs cost ₹1.5-2L annually
Emergency Fund: Keep 6-12 months of expenses as emergency fund for medical emergencies
Year-by-Year Cost Analysis
Track the financial impact of your family planning decisions over time
| Year | Child Age | Education Cost | Healthcare Cost | Lifestyle Cost | Yearly Cost | Total Cost |
|---|---|---|---|---|---|---|
| 1 | 0 | $ 150.0K | $ 75.0K | $ 150.0K | $ 375.0K | $ 375.0K |
| 2 | 1 | $ 154.5K | $ 77.3K | $ 154.5K | $ 386.3K | $ 761.3K |
| 3 | 2 | $ 159.1K | $ 79.6K | $ 159.1K | $ 397.8K | $ 1.2M |
| 4 | 3 | $ 163.9K | $ 82.0K | $ 163.9K | $ 409.8K | $ 1.6M |
| 5 | 4 | $ 168.8K | $ 84.4K | $ 168.8K | $ 422.1K | $ 2.0M |
| 6 | 5 | $ 173.9K | $ 86.9K | $ 173.9K | $ 434.7K | $ 2.4M |
| 7 | 6 | $ 179.1K | $ 59.7K | $ 179.1K | $ 417.9K | $ 2.8M |
| 8 | 7 | $ 184.5K | $ 61.5K | $ 184.5K | $ 430.5K | $ 3.3M |
| 9 | 8 | $ 190.0K | $ 63.3K | $ 190.0K | $ 443.4K | $ 3.7M |
| 10 | 9 | $ 195.7K | $ 65.2K | $ 195.7K | $ 456.7K | $ 4.2M |
| 11 | 10 | $ 201.6K | $ 67.2K | $ 201.6K | $ 470.4K | $ 4.6M |
| 12 | 11 | $ 207.6K | $ 69.2K | $ 207.6K | $ 484.5K | $ 5.1M |
| 13 | 12 | $ 213.9K | $ 71.3K | $ 213.9K | $ 499.0K | $ 5.6M |
| 14 | 13 | $ 220.3K | $ 73.4K | $ 286.4K | $ 580.1K | $ 6.2M |
| 15 | 14 | $ 226.9K | $ 75.6K | $ 295.0K | $ 597.5K | $ 6.8M |
| 16 | 15 | $ 350.5K | $ 77.9K | $ 303.8K | $ 732.2K | $ 7.5M |
| 17 | 16 | $ 361.1K | $ 80.2K | $ 312.9K | $ 754.2K | $ 8.3M |
| 18 | 17 | $ 371.9K | $ 82.6K | $ 322.3K | $ 776.8K | $ 9.1M |
| 19 | 18 | $ 766.1K | $ 85.1K | $ 332.0K | $ 1.2M | $ 10.3M |
| 20 | 19 | $ 789.1K | $ 87.7K | $ 263.0K | $ 1.1M | $ 11.4M |