How does the Roth IRA Calculator work?

Contribute after-tax money up to the annual limit Then: Money grows completely tax-free Then: Qualified withdrawals after 59½ are 100% tax-free (including all gains) Then: Income limits apply: phase-out starts at $146,000 (single) or $230,000 (married) for 2024.

Can you give an example of how to use the Roth IRA Calculator?

Example: Input $7,000/year from age 25 to 65 at 7% return gives a result of ~$1.5 million tax-free (Only $280,000 contributed — $1.2M is tax-free growth).

Is the Roth IRA Calculator free to use?

Yes — completely free with no registration, download, or subscription required. All calculations happen instantly in your browser.

How accurate is the Roth IRA Calculator?

Our Roth IRA Calculator uses verified mathematical formulas and is accurate to multiple decimal places. Results are calculated in real-time using the same methods used by professionals.

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Roth IRA Calculator

Annual Contribution ($)

Current Balance ($)

Current Age

Years to Retirement

Annual Return (%)

A Roth IRA is an individual retirement account where contributions are made with after-tax dollars. All growth and withdrawals after age 59½ are completely tax-free. Unlike traditional IRAs, there are no required minimum distributions during the account holder's lifetime.

Feature	Roth IRA	Traditional IRA
Contributions	After-tax	Pre-tax (usually)
Growth	Tax-free	Tax-deferred
Withdrawals	Tax-free after 59½	Taxed as income
RMDs	None during lifetime	Required at age 73
2024 Limit	$7,000 ($8,000 if 50+)	$7,000 ($8,000 if 50+)
Income limits	Yes (phase-out applies)	No income limit for contribution
Best for	Expect higher tax rate in retirement	Expect lower tax rate in retirement

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Pro Tip

Young workers in low tax brackets should almost always choose Roth over traditional — they pay taxes now at low rates and enjoy decades of tax-free growth.

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Did You Know?

The Roth IRA was created by the Taxpayer Relief Act of 1997 and named after its chief legislative sponsor, Senator William Roth of Delaware.

References

›Roth IRA — Wikipedia
›Roth IRA — IRS

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