RESP CalculatorCurrent Age of ChildDecrementIncrementHow long will your child attend post-secondary school?DecrementIncrementyearsWhat is the estimated annual cost of your child's post-secondary education (in todays $)?$DecrementIncrementTotal expected cost of education when child is 17 (adjusted for inflation)info_outline$ 0.00 How much do you currently have saved for your child's post-secondary education?$DecrementIncrementHow much do you plan to contribute on a monthly basis?$DecrementIncrementYour annual Canada Education Savings Grant (CESG - up to a cumulative max of $7,200)$ 0.00 What is your expected annual rate of return?DecrementIncrement%What is the expected annual inflation rate for education costs?DecrementIncrement%Market value of your RESP @ age 17 of child (includes CESG)info_outline$ 0.00 Education Cost Deficit (total cost of education - market value of your RESP)$ 0.00 Total monthly contribution required to meet the total cost of education$ 0.00 Monthly ROR (%) 0.0041666667 Cumulative cost of education$ 0.00000 Annual Inflation (%) 0.03000 Monthly Savings Required to Meet Total Education Cost (includes CESG)$ 0.0000000000 Number of period in months (n) 192 Monthly Savings Required to Meet Total Education Cost (excludes CESG)$ 0.00000 This is the market value of your RESP based on the monthly contributed you've indicated.This is the difference between the expected total cost of education vs. the market value of your RESP.This is how much you would need to put away on a monthly basis to fund the total expected cost of education.
