Roth IRA Calculator
A Roth IRA is one of the most popular ways to save for retirement, and it offers some big tax advantages, including the ability to withdraw your money tax-free in retirement. Traditional IRAs offer the potential for tax deductibility in the present, while Roth IRAs are funded with after-tax dollars. Use this Roth IRA calculator to find the amount you could save using a Roth IRA.
Roth IRA Calculator
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$744,567.30
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Roth IRA vs. traditional IRA: Which is better for you?
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- Starting balance: The current balance of your Roth IRA.
- Annual contributions: The amount you will contribute to a Roth IRA total each year, whether that’s one account or more. This calculator assumes that you make your contribution at the beginning of each year.
Contribution limits apply and people with higher incomes can’t contribute directly but can use a backdoor Roth IRA. The maximum income for a Roth IRA is $150,000 for individuals and $236,000 for married filing jointly in 2025, then phases out at $165,000 and $246,000, respectively.
How this calculator works- If the contribution amount you input is less than $7,000, the calculator will use that number for all ages until retirement age.
- If the contribution amount is between $7,000 and $8,000, then $7,000 will be applied for all years until age 50, with the amount you input being used for all ages beyond that.
- If the amount you input is over $8,000 then the calculator assumes you want to maximize contributions, so both contribution limits will be applied, as determined by your age.
- Current age: Your current age.
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Age of retirement: Age you wish to retire. This calculator assumes that the year you retire, you do not make any contributions to your IRA. So if you retire at age 65, your last contribution is assumed to have happened when you were actually 64.
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Expected rate of return: The annual rate of return for your IRA. This calculator assumes that your return is compounded annually and your contributions are made at the beginning of each year. The actual rate of return is largely dependent on the types of investments you select.
- Marginal tax rate: The marginal tax rate you expect to pay on your taxable investments. Use the table here to assist you in estimating your federal tax rate. The taxable account results assume that all investment returns are taxed as income and/or short-term capital gains.
- Maximize contributions: Check this box to contribute the maximum allowed to your account each year. This includes the additional catch-up contribution available when you are age 50 or over.