Roth IRA Calculator
Calculate your Roth IRA growth potential with tax-free withdrawals in retirement and compound interest projections
Roth IRA Calculator
Ready to Calculate
Enter your Roth IRA details to see projections and tax-free retirement benefits.
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How to Use This Calculator
Enter Your Current Age
Start by entering your current age. This determines how many years you have to grow your Roth IRA before retirement.
Set Retirement Age
Choose when you plan to retire. Remember, you can withdraw Roth IRA contributions anytime, but earnings should stay until age 59½ to avoid penalties.
Input Current Roth IRA Balance
Enter how much you currently have in your Roth IRA account. If you're just starting, you can enter 0.
Enter Annual Contribution
Input how much you plan to contribute annually. For 2024, the limit is $7,000 (or $8,000 if you're 50+) subject to income limits.
Set Expected Return
Enter the expected annual return on your Roth IRA investments. Conservative: 5-7%, Moderate: 7-9%, Aggressive: 9-11%.
Consider Inflation
Include inflation rate to see the real purchasing power of your retirement savings in today's dollars.
Review Tax Benefits
Analyze your projected tax-free retirement income and the compound growth potential of your Roth IRA.
Plan Your Strategy
Use the results to optimize your contribution strategy and retirement planning timeline.
Roth IRA Investment Tips
Start contributing to a Roth IRA as early as possible to maximize the power of tax-free compound growth
Contribute the maximum allowed amount each year ($7,000 for 2024, $8,000 if 50+) to optimize tax advantages
Consider your current vs. expected retirement tax bracket when choosing between Roth and traditional IRA
Take advantage of the 5-year rule: contributions can be withdrawn anytime, but earnings need to season for 5 years
Roth IRAs have no required minimum distributions, making them excellent for estate planning
If your income is too high for direct Roth IRA contributions, consider a backdoor Roth conversion
Diversify your Roth IRA investments across different asset classes to manage risk and optimize returns
Keep contributing even if you can only afford small amounts - consistency builds wealth over time
Consider converting traditional IRA funds to Roth during low-income years to minimize tax impact
Remember that Roth IRA withdrawals in retirement are tax-free, providing valuable tax diversification