HSA Goals Calculator

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Health Savings Account (HSA) Goal Calculator

Are you looking at the Health Savings Account (HSA) as a retirement account? Do you have an amount in mind that you want to carry over into retirement? This calculator will help you determine what you need to do in order to reach your goal.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



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Health Savings Account (HSA) Goal Calculator
*indicates required.

Check here if you, as the plan owner, will be 55 or older this year.
Check here if your spouse will be 55 or older this year.
**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Definitions

Health Savings Account (HSA)

An HSA is a tax-advantaged account established to pay for qualified medical expenses of an account holder who is covered under a high-deductible health plan. With money from this account, you pay for health care expenses until your deductible is met. Any unused funds are yours to retain in your HSA and accumulate towards your future health care expenses or your retirement.

In order to put money into an HSA you are required to have a High Deductible Health Plan (HDHP) in effect for either you or your family. A HDHP is simply health insurance that meets certain minimum deductible and maximum out-of-pocket expense requirements. This table shows the limits for HSA's in 2025.

Health Savings Accounts (HSA) Contribution and Limits
20252024Change
HSA Contribution LimitSingle: $4,300
Family: $8,550
Single: $4,150
Family: $8,300
Single: +$150
Family: +$250
HSA catch-up contributions*$1,000$1,000No change, not indexed to inflation
HDHP minimum deductibleSingle: $1,650
Family: $3,300
Single: $1,600
Family: $3,200
Self-only: +$50
Family: +$100
HDHP maximum out-of-pocket**Single: $8,300
Family: $16,600
Single: $8,050
Family: $16,100
Single: +$250
Family: +$500
*Catch-up contributions can be made anytime during the year in which the participant turns 55.
**This includes deductible amount, co-payments and other non-premium payments.

Please note, you are no longer eligible to make HSA contributions starting in the first month that you are eligible for and enrolled in Medicare Part A or B.

Source and complete details on HSAs you may wish review: About Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans

High Deductible Health Plan (HDHP) deductible amount

Your HDHP deductible amount is the amount you pay toward your own medical expenses, in a given year, before your insurance begins to cover any expenses. In 2025, for a HDHP, the minimum deductible amount is $1,650 for self-only coverage and $3,300 for family coverage.

High Deductible Health Plan (HDHP) coverage type

Choose the insurance coverage type for your HDHP. Your choices are 'Family' or 'Single'.

Plan year

Select the plan year for your contribution. This will affect contribution limits and plan requirements that are adjusted annually. The deadline for all HSA contributions for a year is April 15th of the following year. It is the same as the individual tax filing deadline.

HSA savings goal

The amount you wish to have in your HSA account when you retire.

Years before retirement

The number of years you will be able to save (contribute) into your HSA before you retire.

Current Health Savings Account (HSA) balance

The total amount currently saved in your HSA.

Monthly health care expenses

The amount per month you expect to spend on qualifying medical expenses.

Annual rate of return

This is the annual rate of return you expect to receive on your HSA funds. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31st 2023, had an annual compounded rate of return of 15.2%, including reinvestment of dividends. From January 1, 1970 to December 31st 2023, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.9% (source: www.spglobal.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

Expected inflation rate

This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2023 the CPI has a long-term average of 3.0% annually. Over the last 40 years the highest CPI recorded was 13.5% in 1980. For 2023, the last full year available, the CPI was 3.1% annually as reported by the U.S. Bureau of Labor Statistics.

You are 55+

Check here if you, as the plan owner, will be 55 or older in the plan year. Your age is used to determine if you are eligible to contribute additional catch-up contributions to your HSA. If you are 55 or older and your HDHP is in effect, you are eligible to deposit catch-up contributions. The catch-up contribution amount is $1,000 which is not indexed for inflation. By checking the box you are indicating you are 55 or older this year and are still covered by an HDHP.

Catch-up contributions are not prorated. You can deposit the entire amount into your HSA as long as you are 55 or older at some point during the year.

Spouse is 55+

Check here if your spouse will be 55 or older in the plan year. Your spouse's age is used to determine what catch-up contribution amount they can deposit into their own HSA. By checking the box you are indicating your spouse is 55 or older this year and that they are eligible to contribute into an HSA. Please note, your spouse must have an HSA account established in their name and be eligible to make contributions into that account. For example, if your spouse is covered by your family HDHP and is over 55, but has enrolled in Medicare, they would be ineligible to make a catch-up contribution.



Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.