How much does it cost to raise a child?

You have probably heard stories that it will cost you a million dollars to raise a child, with the joke being twice that if it is a girl! But how much will it really cost you? This calculator can determine it for you, just fill in the amounts, and the calculator will show you.

Expense Starting age Ending age Annual amount Child care: $ Groceries: $ Clothing: $ Gift giving: $ Bigger home: $ Bigger car: $ Education: $ Recreation sports, hobbies, entertainment, etc. $ Additional insurance: $ Health care: $ Miscellaneous $ Total amount needed to raise this child: $ Based upon the US government guidelines for yearly costs associates with raising a child.