Roth IRA Calculator for Kids
See how starting early can turn small contributions into over $1 million by retirement.
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Default of 7% is a conservative, inflation-adjusted long-run S&P 500 figure. The nominal historical average is about 10%.
How This Works
The catch: Your child needs earned income to contribute to a Roth IRA. Allowance doesn't count. They need to earn money from real work.
The solution: Pay your children for legitimate work around the house or in your business. Document everything properly, and they'll have earned income that qualifies for Roth IRA contributions.
Learn more: Roth IRA for Kids: How Early Contributions Can Grow to $1M+
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