Roth IRA for Kids Calculator
Once a child earns money from a job, they can put it in a Roth IRA, and decades of tax-free growth can turn a few summers of savings into a real head start. Enter what they might put in, and see how it compares with the same money started at 30.
Roth IRA for Kids
What a teenager's summer-job savings could grow to, tax-free, compared with waiting until 30 to start.
Total they put in
Starting now
The same amount, starting at 30
What starting young adds
Thinking about opening one for a child or grandchild? Let's talk about it
Educational estimate only: assumes one contribution at the start of each year and a steady growth rate, which real markets do not deliver. A child can contribute only up to what they earned from work that year, or the annual IRA limit ($7,500 for 2026), whichever is less. Nothing is saved or sent.