Roth IRA Calculator
Calculate your Roth IRA tax-free retirement savings. Contribute after-tax dollars and withdraw tax-free in retirement.
Your Details
Roth IRA Key Benefit
All growth is 100% tax-free! Pay taxes now on contributions, never pay taxes on gains or withdrawals.
Fill out the form to see your projected Roth IRA tax-free balance, monthly income, and comparison with Traditional IRA.
Tax-Free Balance at Retirement
$0
100% yours - no taxes owed!
Tax-Free Monthly Income
$0
using 4% rule
Income Limit Affects Eligibility
Years to Retirement
0
Total Contributions
$0
Tax-Free Gains
$0
Eligibility
100%
Roth IRA vs Traditional IRA Comparison
Roth IRA (Tax-Free)
$0
Traditional (After-Tax)
$0
Roth Advantage
$0
Comparison assumes Traditional IRA withdrawals are taxed at your expected retirement tax rate.
Roth IRA Growth
Contributions vs Tax-Free Gains
Year-by-Year Projection
| Age | Contribution | Tax-Free Gains | Balance |
|---|
Complete User Guide
What is a Roth IRA?
A Roth IRA is an individual retirement account with after-tax contributions. All qualified withdrawals in retirement—including investment gains—are tax-free. There are no RMDs during your lifetime.
What Your Results Mean
Tax-Free Balance & Monthly Income
Your Roth balance at retirement is 100%% tax-free. Monthly income uses the 4%% rule; you keep every dollar.
Eligibility & Roth vs Traditional
Eligibility % shows how much you can contribute based on income limits. The comparison shows Roth (tax-free) vs Traditional (after-tax) at your expected retirement tax rate.
How to Use This Calculator
- Enter your age, retirement age, and filing status
- Enter annual income (MAGI) and current/retirement tax rates
- Enter current Roth balance and annual contribution (2024: $7,000 or $8,000 with catch-up)
- Set expected annual return. Click Calculate to see projections and Roth vs Traditional.
Formulas & Income Limits (2024)
Contribution limit $7,000 ($8,000 if 50+). Income limits: Single full under $146K, phased out by $161K; Married full under $230K, phased out by $240K. Balance grows tax-deferred; qualified withdrawals (59½+ and 5-year rule) are tax-free.
5-year rule: Roth must be open 5+ years for earnings to be tax-free (with 59½+).
Important Notes
- Contributions can be withdrawn anytime; earnings before 59½ may be subject to tax and penalty.
- For education only. Not financial or tax advice.
Roth vs Traditional & Backdoor
Roth: pay tax now, tax-free later—best if you expect same or higher tax rate in retirement. You can have both Roth and Traditional; combined contributions cannot exceed the annual limit. High earners over the income limit may use a Backdoor Roth (non-deductible Traditional then convert); consult a tax advisor.