Roth IRA Calculator
What is a Roth IRA Calculator?
A Roth IRA is a retirement account funded with after-tax dollars, meaning your money grows tax-free and qualified withdrawals in retirement are never taxed. A Roth IRA calculator projects how much your current balance and monthly contributions could be worth at retirement.
Enter your current balance, monthly contribution, expected annual return, and how many years you plan to grow the account. The calculator returns your projected retirement balance, your total contributions, and the tax-free growth in between. Use it to see how small monthly contributions compound into a large nest egg over decades.
Frequently Asked Questions
How is a Roth IRA different from a Traditional IRA?
Traditional IRA contributions are tax-deductible now but withdrawals are taxed in retirement. Roth contributions are made after-tax now, but qualified withdrawals - including all the growth - are completely tax-free. If you expect to be in a higher tax bracket later, Roth is usually favorable.
How much can I contribute to a Roth IRA?
For 2026, the annual limit is $7,000 ($8,000 if you are 50 or older). The ability to contribute phases out at higher income levels, and that requirement needs to be below your MAGI to contribute directly.
When can I withdraw from a Roth IRA without penalty?
Qualified distributions are penalty-free once you are 59½ and the account has been open for at least 5 years. You can withdraw your contributions (not growth) at any time without tax or penalty, which is why Roth IRAs are popular for flexibility.