There is no U.S. version of a youth asset-building deposit scheme
Some countries top up a young worker's savings with employer and government money that is paid out as a lump sum after a fixed term. The United States has no such program. The closest tools are an employer match inside a workplace retirement plan and the Saver's Credit, a tax credit that gives back part of what a lower-income worker puts into a retirement account. Enter your contribution, the credit tier that fits your income, any employer match and a time horizon to see both the credit and the balance the savings could reach.
The credit rate itself is fixed by statute at 50, 20 or 10 percent, but the income bands that decide which tier applies are adjusted every year, which is why the tier and the countable contribution are entered rather than assumed.
Statutory basis (as of September 2026) — the retirement savings contributions credit is 26 U.S.C. 25B, which applies the statutory percentage to qualifying contributions up to a capped amount per person. Employer matching contributions are governed by the plan document and by 26 U.S.C. 401(k), and the SECURE 2.0 Act replaces the credit with a government matching contribution paid into the account for taxable years beginning after 2026, so check which regime covers your filing year.
This calculator is for reference only and is not legal advice or tax advice. Eligibility depends on your filing status, income and account type, so consult a qualified tax professional about your specific situation.
Frequently Asked Questions
The credit under 26 U.S.C. 25B is nonrefundable, so it can reduce tax owed to zero but does not pay out beyond that. The matching contribution that replaces it for later years works differently, being deposited into the account.
No. Only your own contributions count toward the credit. The match still builds the balance, which is why it is shown separately in the projection.