Starting a Roth IRA for your child is one of the most important financial moves that a parent can make. This calculator quantifies the benefit of starting to save for retirement early.
How To Use This Calculator
- This calculator will calculate the expected future after tax values of your child’s IRA based on the contributions you make while they are a minor.
- You must enter your expected returns, time horizon, and other assumptions.
- This calculator is fairly rigid and simplistic; it assumes an identical contribution each year, and only considers contributions made prior to age 19.
Download this tool as a spreadsheet >>
Share This Tool
You are free to use this tool on your website. Simply copy and paste the HTML code below. You must include attribution and links to TaxEfficientInvestor.com.
<style>@media screen and (max-width: 640px){#og_iframe{height: 500px;width:100%;}}@media screen and (min-width: 641px) and (max-width: 1024px){#og_iframe{height: 500px;width:100%;}}@media screen and (min-width: 1025px){#og_iframe{height: 1000px;width:100%;}}</style><div id='og_iframe' style='-webkit-overflow-scrolling: touch; overflow: auto;'><iframe title="Traditional to Roth Calculator" src='https://wealthchannel.outgrow.us/648b40675eab627f3363764e?custom=1' style='border: none; overflow: hidden; width:100%; height: calc(100% - 31px);' scrolling='yes' allow="camera *;"></iframe></div>
<p><a href="https://taxefficientinvestor.com/tools/child-ira/">Child IRA Calculator</a></p> created by <a href="https://taxefficientinvestor.com/">TaxEfficientInvestor.com</a></p>