WealthPath Calculator
Chart your financial future. See how your investments can grow over time with the power of compound interest.
Your financial projection awaits.
Fill out the form to visualize your investment journey.
This tool is designed to give you a clear projection of your potential investment growth based on a few key inputs.
- Initial Investment: The amount of money you are starting with.
- Contribution Amount & Frequency: The amount you plan to add and how often (e.g., weekly, monthly).
- Interest Rate (%): Your estimated annual return on investment. A common benchmark is the average historical return of the S&P 500, which is around 7-10%.
- Annual Fees (%): The yearly cost of managing your investments, like an ETF expense ratio. A low-cost index fund might have fees around 0.03%, while actively managed funds can be 1% or higher.
- Years: The number of years you plan to let your investment grow.
- Marginal Tax Rate (%): Your estimated combined federal and state income tax rate. This is used to calculate the after-tax value of a Traditional IRA.
- Account Type: The type of retirement account you are using. This choice has significant tax implications.
- Adjust for Inflation: When enabled, this projects the future value of your investment in today's dollars, giving you a clearer sense of its future purchasing power.
- Time Machine Slider: After calculating, use the slider to travel through time and see how your investment value changes year by year.
Roth IRA
Contributions are made with after-tax dollars. This means you pay taxes on the money before you invest it. The key benefit is that your qualified withdrawals in retirement are 100% tax-free.
Traditional IRA
Contributions are typically made with pre-tax dollars, which may lower your taxable income for the year. However, you will pay income tax on all withdrawals in retirement. This calculator estimates the after-tax value based on your provided marginal rate.
Kids Roth IRA
A custodial Roth IRA for minors. Contributions are made with after-tax dollars from the child's earned income. Like a standard Roth IRA, qualified withdrawals in retirement are tax-free, giving them a huge head start on tax-free growth.
Kids Traditional IRA
A custodial Traditional IRA for minors with earned income. Contributions may be tax-deductible. Taxes are paid on the money when it is withdrawn in retirement. This can be a good option if you expect the child to be in a lower tax bracket during their working years than in retirement.
Disclaimer: This calculator is for illustrative purposes only and does not constitute financial advice. Consult with a financial professional for personalized advice.