Custodial Roth IRA Calculator
This Custodial Roth IRA Calculator shows how much your child’s Roth IRA could grow from childhood through retirement through the power of early contributions, earned income, and compound growth.
Enter your child's age, weekly or annual earnings, and expected return to project tax-free Roth IRA growth from today through age 60. This calculator provides estimates only. Returns are not guaranteed and this is not tax, legal, or financial advice.
Roth IRA Calculator
Pick between age 4 and 18
What's a custodial Roth IRA?
A custodial Roth IRA is a retirement account for minors with earned income. Contributions grow tax-free and withdrawals in retirement are tax-free, making it one of the most powerful long-term wealth-building tools for children.
Halfmore turns your child's household tasks into legitimate earned income by handling setup, payroll, and tax documents in an IRS-compliant way, helping you build a strong financial foundation for their future.
FAQ
What counts as earned income?
Age-appropriate work such as household tasks - tutoring, babysitting, yardwork, pet care, etc. - paid at a reasonable rate.
How much can my child contribute?
Up to their total earned income for the year or the IRS annual contribution limit ($7,500 for 2026), whichever is lower.
Why start early?
Starting between ages 4–18 gives your child decades of tax-free compounding, which can turn small weekly earnings into six- or seven-figure savings.
Why Halfmore?
Halfmore automates the entire custodial Roth IRA process—creating an account, generating IRS-compliant earned income, running payroll, and producing tax forms—so you can focus on your child's future.
