How it works
Since education costs have a clear target date and amount, working backward from the goal is the most effective approach. This calculator finds the fixed monthly deposit that reaches your target exactly on schedule, compounding along the way. Use 3–4% for savings accounts, or higher for funds/ETFs — but higher returns come with higher volatility.
FAQ
Q. What if I can't deposit the full amount some months?
A. Consider making it up later or extending the timeline and recalculating — adjusting the period is more flexible than lowering the goal.
Q. What's the typical total cost of education?
A. Four years of private university tuition in Korea commonly runs around 40–50M KRW as a reference point — studying abroad can be significantly more.