Online Calculator For Planning Child Education | OCBC Malaysia

Children Education Goal Calculator

Whether your child studies abroad or decides to do this locally, you can prepare his or her education with OCBC Life Goals.

Step 1 of 4: Understand

Your child’s education plan

Understanding your child’s education goal
Which stage of education you want to plan?
What is your child’s name?
What is your child’s age?
Education cost related to science or medicine
Yes
No
Twinning/Transfer Programme to overseas
Yes
No
Malaysia
Tuition fees
in 15 years
RM 168,000
Today is RM 81,000
Selected
Singapore
Tuition fees
in 15 years
RM 168,000
Today is RM 81,000
Selected
Australia
Tuition fees
in 15 years
RM 168,000
Today is RM 81,000
Selected
United Kingdom
Tuition fees
in 15 years
RM 168,000
Today is RM 81,000
Selected
New Zealand
Tuition fees
in 15 years
RM 168,000
Today is RM 81,000
Selected
Canada
Tuition fees
in 15 years
RM 168,000
Today is RM 81,000
Selected
United States
Tuition fees
in 15 years
RM 168,000
Today is RM 81,000
Selected
Your child’s expected international school fees
Source of international school fees
  1. The average yearly and total tuition fees for International School (Lower Range) are based on the average tuition fees released by Regent International School, Sayfol International School, Beaconhouse International School and Maz International School.
  2. The average tuition fees for International School (Higher Range) are based on tuition fees released by Garden International School, IGB International School, The Alice Smith School and Mont Kiara International School, International School of Kuala Lumpur and The British International School.
Low
High
 
Estimated fees in 9 years,
RM810,000
Today’s fees
RM810,000
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For 's

You will need to set aside RM0 in 0 years.

Age 0
Today
Age 0
How much would I need
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 How was this calculated?
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The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer on cost: The OCBC Children Education Calculator is designed to provide only a general illustration of potential future education cost based on information provided by you and does not take into consideration your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation nor advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by this calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial planning.
  2. Number of years to Secondary Education: The age of Secondary Education in Malaysia is from 13 years until 17 years.
  3. The average yearly and total tuition fees for International School (Lower Range) are based on the average tuition fees released by Regent International School, Sayfol International School, Beaconhouse International School and Maz International School.
  4. The average tuition fees for International School (Higher Range) are based on tuition fees released by Garden International School, IGB International School, The Alice Smith School and Mont Kiara International School, International School of Kuala Lumpur and The British International School.
  5. The inflation rate used for education is based on a 10-year geometric average of Malaysia CPI, 2006-2016 (Source: DOSM, updated as at 19 December 2017).
  6. Secondary Education Goal Amount: This is the estimated amount required at the start of secondary education . It is calculated on inflation adjusted tuition
The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer on cost: The OCBC Children Education Calculator is designed to provide an illustration of potential future education cost based on information provided by you and does not take into consideration of your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation nor advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by this calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial planning.
  2. Number of years to University Education: The age of University Education in Malaysia is from 19 years old onwards.
  3. Average tuition fees: The average tuition fees is based on the average of latest first-year General and Medicine degree cost released by a few universities of each country:
    1. Malaysia (Private University): Taylors University, Sunway University, HELP University, KDU University, Monash University, BAC and IMU
    2. United Kingdom: University of Oxford, University of Cambridge, and the Imperial College London
    3. Australia: University of Melbourne, University of Sydney, and University of Queensland
    4. USA: Stanford University, Columbia University, and the University of Pennsylvania
    5. Singapore: National University of Singapore, Nanyang Technological University, and Singapore Management University
    6. Canada: University of Toronto, McGill University, and the University of British Columbia
    7. New Zealand: University of Auckland, University of Otago, Victoria University of Wellington
  4. Annual cost of living for overseas university education is based on the figures available in the respective universities’ website.
  5. Inflation rate for tuition fees and living cost for overseas university education is based on 5-year average published by statistic bureau for each country:
    1. Malaysia: Department of Statistics Malaysia CPI for Education, 2014 2018
    2. United States: Bureau of Labor Statistic CPI for Education and All, 2014-2018
    3. Canada: Statistic Canada CPI for Education and All, 2014-2018
    4. United Kingdom: Office for National Statistics data CPI for Education and All, 2014-2018
    5. Australia: Australia Bureau of Statistic CPI for Education and All, 2014-2018
    6. New Zealand: Statistic New Zealand CPI for Education and All, 2014-2018
    7. Singapore: Source: WEO (World Economic Outlook Database April 2019), 2014-2018
  6. Foreign exchange rate is based on the average exchange rate published by OFX from 2014-2018.
  7. University Education Goal Amount: This is the estimated amount required at start of university age. It is calculated based on inflation adjusted tuition fees and living cost.
Step 2 of 4: Evaluate

What you have for ’s education today

Assets set aside for ’s education
AMOUNT
ESTIMATED RETURN RATES
Cash
Cash in your savings account and fixed deposits for
Investment
Current market value of your unit trusts and shares that you bought for ’s education.
Endowment
Value for ’s endowment plan upon maturity
If you can’t remember the maturity value of your plan, you can also use amount you invested so far.
Can't remember?
Property investment
Properties you currently own
Net proceed
Sales proceed less outstanding loan and fees
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Based on your needs and assets,

You would have a RM0

Surplus
RM0
Your education goal
RM0
Age 0
Today
Your current assets
RM0
In
0
Years
Projected value of assets
RM0
Estimated investment returns
RM0
Shortfall
RM0
Your current assets
RM0
Your education goal
RM0
Projected value of assets
RM0
Estimated investment returns
RM0
Surplus
RM0
Shortfall
RM0
Age 0
Today
In
0
Years
Show if I am ready
Continue
Continue
Edit what I have today
 How was this calculated?
Close
The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer: The OCBC Children Education Calculator is designed to provide only a general illustration of potential future education cost based on information provided by you and does not take into consideration of your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation nor advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by the calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial planning.
  2. Investment: All investments (Shares and Unit Trust) are liquidated at the starting age of respective stage of education. The dividends are assumed to be re-invested.
  3. Current value of savings/investment: This is the sum of lump-sum cash, lump-sum investment set aside for this goal.
  4. Projected value of savings/investments: This is the sum of projected values of current value of savings/investment/property or endowment set aside for this goal using the respective return rate.
Step 3 of 4: Choose

Investment approach(es) that best suits you
Choose ONE or BOTH approaches
In a disciplined manner
You prefer products such as endowment plan to help you grow your investment in a disciplined manner.
Estimated rate of return ranges from
2.0% p.a. to 6.0% p.a.
The estimated rate of return is based on a limited pay universal life endowment plan with 13 years coverage term.
Estimated returns may vary in accordance to different endowment plan.
Source
Tell us your preference
Complete the selections below
OR
OR
OR
Monthly investment amount
Simulate rates from the range estimated annual rate of return
+2.0% p.a.
+4.43% p.a.
+6.0% p.a.
Note : Average rate of return of 4.43% p.a. is based on a limited pay universal life endowment plan with 13 years policy term.
Return to top for this approach
To optimise returns
You prefer an investment portfolio that encompasses products such as unit trust to provide you with potential capital and/or regular returns.
Estimated rate of return ranges from
-0.44% p.a. to 9.41% p.a.
Benchmark historical performance over the past 6 years (2013-2018)
Benchmark
60% MSCI ACWI
40% Barclays Global Bond Index
Source: Bloomberg.
Source
Tell us your preference
You would like to invest in…
Select up to 3 choices
Complete the selections below
OR
Lump sum investment amount
Simulate rates from the range estimated annual rate of return
-0.44% p.a.
+4.83% p.a.
+9.41% p.a.
Note : Average rate of return of 4.83% p.a. based on historical performance of MSCI ACWI (60%) and Barclays Global Bond Index (40%) from year 2013-2018
Monthly Investment Amount
Simulate rates from the range estimated annual rate of return
-0.44% p.a.
+4.83% p.a.
+9.41% p.a.
Note : Average rate of return of 4.83% p.a. based on historical performance of MSCI ACWI (60%) and Barclays Global Bond Index (40%) from year 2013-2018
Return to top for this approach
Unable to show your education goal result.
There seems to be an invalid information,
Click here to correct the error.
Based on your investment approach,

RM 0

Surplus
RM0
Your education goal
RM0
Age 0
Today
Your current assets
RM0
In
0
Years
Projected value of assets
RM0
Estimated investment returns
RM0
Shortfall
RM0
Your current assets
RM0
Your education goal
RM0
Projected value of assets
RM0
Estimated investment returns
RM0
Surplus
RM0
Shortfall
RM0
Age 0
Today
In
0
Years
How would my choices help me
Continue
Continue
Edit my investment approach
 How was this calculated?
Close
The following assumptions are used in the calculation of your child's education goal:
  1. General disclaimer: The OCBC Children Education Calculator is designed to provide only a general illustration of potential future education cost based on information provided by you and does not consider your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation or advice by the Bank. The actual cost may vary depending on economic situations. The information and analysis provided by the calculator are based on various assumptions, which are subject to change at any time without notice. This does not analyse your financial position, investment objectives nor individual needs and must not be regarded as any advice for your financial.
  2. Investment: All investments (Shares and Unit Trust) are liquidated the starting age of respective stage of education. The dividends are assumed to be re-invested.
  3. Current value of savings/investment: This is the sum of lump-sum cash, lump-sum investment set aside for this goal.
  4. Projected value of savings/investments: This is the sum of projected values of current and additional value of savings/investment set aside for this goal using the respective return rate.
  5. The annual rate of return used for simulation under the “In a disciplined manner” investment approach is 4.43% p.a.
  6. The annual rate of return used for simulation under the “Optimise my return” investment approach is 4.83% p.a. based on the historical performance of MSCI ACWI (60%) and Barclays Global Bond Index (40%) from year 2013-2018.
    Source: Bloomberg.
Step 4 of 4: Action

We have crafted options for your consideration based on your preferred investment approach.

Options for
disciplined manner approach
No options for disciplined manner approach
We apologies as we could not find a suitable option for this approach.
Plan A
Policy Terms
Pay 0 years for
0 years coverage
Capital Guaranteed/ Guaranteed Returns

Guaranteed Cash Payout

Guaranteed Death & TPD Benefit

Guaranteed Issuance

Plan B
Policy Terms
Pay 0 years for
0 years coverage
Capital Guaranteed/ Guaranteed Returns

Guaranteed Cash Payout

Guaranteed Death & TPD Benefit

Guaranteed Insurance

Unable to show your disciplined manner approach.
There seems to be an invalid information,
Click here to correct the error.
* Endowment is a medium term investment and it is not suitable for your goal's timeline
* If policy term is longer than Max Tenure, then display message: This is the shortest policy term available and may not meet your goal's timeline
Options for
optimize returns approach
No options for optimize returns approach
We apologies as we could not find a suitable option for this approach.
Portfolio A
This portfolio aims to balance risk and return.
Top Sectors
Region
Risk Tolerance
Portfolio B
This portfolio aims to balance risk and return.
Top Sectors
Region
Risk Tolerance
Unable to show your optimize returns approach.
There seems to be an invalid information,
Click here to correct the error.
To ensure that the investment products you purchase meet your financial needs, we will perform a Financial Needs Analysis with you to assess your invesment and risk appetite.
Ready to put your investment approach into action?
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Provide us your NRIC for us to verify your identity during our meet up so we can retrieve this report. This report would help us understand your education needs and investment approach.



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Disclaimer

The Children’s Education Goal Calculator does not analyse your financial position, investment objectives or individual needs in coming up with the results. You shall not rely on the Children’s Education Goal Calculator or on product recommendations by OCBC Bank officers to make any investment or financial decisions. Product recommendations must be independently evaluated before you take into account your investment objectives, financial position and individual needs. The Children’s Education Goal Calculator and any product recommendation by OCBC Bank officers must not be regarded as financial planning or financial advice.

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