Interactive Tool

Roth IRA Calculator for Kids

See how starting early can turn small contributions into over $1 million by retirement.

Enter Your Details

Child's current age

Age to stop contributing

Annual contribution ($)(max $7,500)

Expected annual return (%)

S&P 500 historical average: ~10%

Retirement age

506575

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 to Make Your Child a Millionaire

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