# 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

Calculate

## 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](/content/guides/roth-ira-for-kids/index.html)

[**How to Hire Your Kids: The Complete Guide**  
Learn how to create earned income for your children legally.](/content/guides/hire-your-kids/index.html) [**100+ Task Ideas by Age**  
Find age-appropriate work your kids can do to earn income.](/content/resources/task-ideas-by-age/index.html)

Ready to start documenting your child's work and building their future?