Contributing to an IRA? Determine if you are eligible to contribute to a traditional or Roth IRA. You are viewing this website at a small screen resolution which doesn't support calculators. Click here to view this calculator. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content Insurance Needs Assessment: When You're Young and Single Even if you’re young and single, you should still consider protecting yourself. Driving Interest on Interest with the Next Generation Maybe your middle schooler is already hip to saving. Many kids this age do chores and earn allowances, perhaps putting part of what they earn into a savings account for college.... Why Millennials May Need Life Insurance Now More than Ever It’s easy to feel invincible when you’re young, healthy and have a steady paycheck. After all, the chances of something catastrophic happening to you are pretty low, right?