Health Savings Account Calculator
A Health Savings Account (HSA) is one of the most tax-advantaged ways to save for healthcare costs. Unlike other accounts, HSAs offer a rare "triple tax advantage" that can help your money grow faster.
This calculator shows how your HSA contributions could grow over time, the tax savings you could accumulate, and how an HSA compares to investing the same money in a regular taxable account. Sliders adjust automatically to keep your inputs in the correct ranges.
If you don't need to withdraw the money before age 65, HSAs also offer one of the best ways to save for retirement. Note that eligibility for HSAs is limited to those with high-deductible health insurance plans - approximately half of all people under the age of 65.
Note that eligibility for HSAs is limited to those with high-deductible health insurance plans.
Annual Contribution Limit: $4,150
HSA contributions end at Medicare enrollment (typically age 65).
HSA Account
Balance
Tax-Free
Growth
Taxable Account
Comparison
The Triple Tax Advantage
HSAs offer three distinct tax benefits that make them one of the most powerful savings vehicles available:
Tax-Free Contributions
Contributions reduce your taxable income.
Tax-Free Growth
No capital gains tax on investment earnings.
Tax-Free Withdrawals
For qualified medical expenses at any time.
Click "Advanced Options" above the chart and enter your tax bracket for more exact estimates.