Roth IRA Calculator

Roth IRA Calculator – Plan Your Tax-Free Retirement

A Roth IRA is one of the most powerful retirement savings vehicles available. Contributions are made with after-tax dollars, but qualified withdrawals in retirement — including all investment gains — are completely tax-free. This calculator shows you how much your Roth IRA could be worth at retirement.

Roth IRA vs. Traditional IRA

2024 Contribution Limits

• Under 50: $7,000/year
• Age 50 and over: $8,000/year (with catch-up contribution)
• Phase-out range (single): $146,000–$161,000 modified AGI
• Phase-out range (married filing jointly): $230,000–$240,000

The Power of Early Contributions

Thanks to compound growth, starting at age 25 vs. age 35 can more than double your retirement balance. Even small annual contributions grow substantially over decades at a reasonable market return of 6–8%.