Project what your child's education will cost by the time they start, and how much to save each month to get there.
Save each month
RM 1,146.58
Projected cost RM 210,622.18 when study starts
Save each month: RM 1,146.58
Education costs usually rise faster than general inflation. Saving through SSPN also earns a tax relief on deposits; check the current limit with PTPTN.
RM30,000 a year today, starting in 10 years, 4-year course
Projected cost RM210,600 at 5% a year; RM20,000 saved grows to RM32,600.
Save about RM1,147 a month
How the figures above are worked out — the rules, rates and reasoning behind every line.
Enter the all-in yearly cost of the course today: fees plus accommodation and living costs. The calculator grows it by education inflation to each year of study.
It then grows your current savings at your expected return and works out the monthly saving that closes the gap by the time study starts.
SSPN savings, which earn a dividend and give a yearly tax relief on net deposits.
PTPTN loans and scholarships from JPA, MARA, states and employers.
Starting early: the longer the money is invested, the less you need to save each month.
Fees at private universities have tended to rise faster than general inflation. Using 4–6% a year is a cautious assumption.
No. Savings stop growing in the calculation once study starts, which keeps the estimate on the safe side.
MyKira is free thanks to ads, which may be personalised. See our Privacy Policy.