State Auto-IRA Calculator

Calculate contributions and growth for state-mandated auto-IRA programs.
$

Annual Contribution

$2,750.00

10-Year Projection

$37,125.00

Auto-IRA Details

ProgramCalSavers
Default Rate5.00%
Monthly Contribution$229.17
Annual Contribution$2,750.00

Use the State Auto-IRA Calculator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.

Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.

How It Works

This calculator helps you estimate the potential growth of your retirement savings in a state-mandated auto-IRA program. Understand how your contributions, combined with investment returns, can build a substantial nest egg for your future, considering typical 2026 contribution limits and investment options. It's a valuable tool for planning your retirement finances.

The calculation projects future value based on your initial contribution, ongoing contributions (typically a percentage of income), and an assumed annual rate of return, compounded annually. It accounts for the 2026 auto-IRA contribution limit, which is expected to be $7,000 for those under 50 and $8,000 for those 50 and over. The formula used is FV = P * (1 + r)^n + C * (((1 + r)^n - 1) / r), where FV is future value, P is initial principal, r is annual interest rate, n is number of years, and C is annual contribution.

Remember that these are estimates; actual returns can vary significantly based on market performance. A common mistake is underestimating the power of compounding, so even small, consistent contributions can make a big difference over time. Don't forget to review your beneficiary designations regularly.

Example: Sarah's Auto-IRA Journey

  1. 1 Input your annual income, desired contribution rate (e.g., 5%), your current age, and your planned retirement age. You'll also specify an estimated annual investment return (e.g., 6%) and any existing auto-IRA balance.
  2. 2 The calculator will then determine your annual contribution based on your income and contribution rate, capped at the 2026 auto-IRA limit. It will project the future value of your investments, year by year, until your specified retirement age, applying the assumed annual return.
  3. 3 Your result will be a projected total retirement savings balance in your auto-IRA at your retirement age. It will also show a breakdown of how much came from your contributions versus investment growth.
  4. 4 This projected balance provides an estimate of your retirement readiness through your auto-IRA. Compare this to your overall retirement goals and consider if you need to increase your contribution rate or explore additional savings avenues to meet your financial objectives.

Source: IRS · Last updated: April 2026

Frequently Asked Questions

What is a state auto-IRA program?
State auto-IRA programs require employers without retirement plans to automatically enroll workers in a state-facilitated Roth IRA. Employees can opt out at any time. Programs like CalSavers, OregonSaves, and Illinois Secure Choice help workers without employer plans save for retirement.
Which states have auto-IRA programs?
As of 2026, states with active auto-IRA programs include California, Oregon, Illinois, Colorado, Connecticut, Maryland, Virginia, Maine, and several others in implementation. More states are passing legislation annually.
How much is automatically contributed to a state auto-IRA?
Most programs default to 3-5% of gross pay with auto-escalation of 1% per year up to 8-10%. Contributions go to a Roth IRA, subject to the $7,000 annual IRA limit ($8,000 if over 50). Employees can change their contribution rate or opt out anytime.

You might also need

401(k) Calculator 2026 — Retirement Savings & Employer Match

Calculate your 401(k) balance at retirement with employer match and growth projections. Compare Roth vs Traditional. Based on 2026 IRS contribution limits.

Roth IRA Calculator 2026 — Growth, Limits & Tax-Free Income

Calculate Roth IRA growth projections and tax-free withdrawals. Compare to Traditional IRA side by side. Free, instant results with 2026 contribution limits.

Roth Conversion Calculator 2026 — Tax Impact & Break-Even

Calculate the tax impact of converting a Traditional IRA to Roth. See your break-even year and multi-year projections. Free, instant results for 2026 rates.