Estimate your Health Savings Account tax savings and projected growth over time.
HSA Growth
| Tax Benefit | Details |
|---|---|
| Tax-deductible contributions | Reduces federal + state income tax + FICA |
| Tax-free growth | Investments grow without capital gains tax |
| Tax-free withdrawals | No tax when used for qualified medical expenses |
Yes. Most HSA providers let you invest in index funds once your balance exceeds $1,000-$2,000. This is key to maximizing long-term growth.
After 65, you can withdraw for any purpose (taxed as income, like a traditional IRA) or continue tax-free withdrawals for medical expenses. The HSA becomes extremely flexible.
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Open βEnter your annual HSA contribution, expected annual return, years until retirement, and expected annual medical expenses. The calculator projects your HSA balance growth.
HSA Future Value = Ξ£ (Annual Contribution Γ (1+r)^n) β Annual Withdrawals. Triple tax advantage: contributions are pre-tax, growth is tax-free, qualified withdrawals are tax-free.
Contributing $4,150/year (2026 individual max) at 7% return for 25 years: HSA grows to ~$263,000 β a powerful supplement to retirement savings.
If you can afford it, pay current medical expenses out of pocket and let your HSA grow. After age 65, HSA withdrawals for non-medical purposes are penalty-free (taxed like a traditional IRA).