US HSA Calculator
Project the future value of your Health Savings Account (HSA) and calculate the tax savings from contributions.
Results
What is it?
A Health Savings Account (HSA) is a triple-tax-advantaged account: contributions are pre-tax, growth is tax-free, and qualified medical withdrawals are tax-free. This calculator projects your HSA balance over time and tallies the income tax savings from your contributions.
How to use
Enter your annual contribution, any employer match, current balance, expected return, investment horizon, and your marginal tax rate. The 2024 contribution limits are $4,150 for self-only and $8,300 for family coverage (add $1,000 catch-up if 55+).
Example scenario
Contributing $4,150/year with a $500 employer match, starting with $5,000 at 6% return for 20 years grows to approximately $106,000. At a 24% tax rate, you save $19,920 in income taxes over the period.
Pro tip
The ultimate HSA strategy: contribute the max, invest it all in index funds, pay medical expenses out-of-pocket, keep receipts, and reimburse yourself decades later for tax-free withdrawals. After 65, HSA funds can be used for any purpose (taxed like a traditional IRA).