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Roth IRA Calculator - Tax-Free Retirement Savings

Free Roth IRA calculator to project your tax-free retirement savings. See how after-tax contributions grow into tax-free retirement income.

Roth IRA Calculator

Project your tax-free retirement savings

years

Your age today.

years

Age you plan to retire.

$

How much you have saved now.

$

Amount you contribute each year (max $7,000 in 2026).

%

Expected investment return (7% typical).

Your Roth IRA Projection

Enter your values to see results

and click the "Calculate" button

What is a Roth IRA?

A Roth IRA is an individual retirement account where you contribute after-tax dollars. The huge benefit: all growth and withdrawals in retirement are completely tax-free. If you contribute $7,000/year from age 25 to 65 and it grows to $1 million, you pay zero taxes on the $720,000+ in earnings. This calculator shows how your Roth IRA can grow over time.

How to Use This Calculator

  1. Enter your current age and retirement age
  2. Enter your current Roth IRA balance
  3. Enter your annual contribution amount
  4. Set expected investment return
  5. Click Calculate to see tax-free growth

Roth IRA Growth Formula

FV = PV(1+r)^n + PMT × [(1+r)^n - 1] / r

FV = Future Value, PV = Current balance, r = Annual return rate, n = Years to retirement, PMT = Annual contribution.

Frequently Asked Questions

What is the Roth IRA contribution limit?
For 2026: $7,000 per year ($8,000 if age 50+). Income limits apply: Single filers phase out at $150,000-$165,000 MAGI. Married filing jointly: $236,000-$246,000.
Roth IRA vs Traditional IRA?
Roth: After-tax contributions, tax-free withdrawals. Traditional: Pre-tax contributions, taxed withdrawals. Choose Roth if you expect higher taxes in retirement or want tax-free flexibility.
Why is a Roth IRA so powerful?
Tax-free growth forever. $7,000 growing to $100,000 = $93,000 in tax-free earnings. With Traditional IRA at 22% tax rate, you'd pay $20,460 in taxes on those earnings.
Can I withdraw Roth IRA contributions early?
Yes! You can withdraw your contributions (not earnings) anytime, tax and penalty-free. This makes Roth IRA more flexible than 401k. Earnings must wait until 59½.
What is a backdoor Roth IRA?
If your income exceeds Roth limits, contribute to Traditional IRA, then convert to Roth. You pay taxes on the conversion but get tax-free growth. Consult a tax advisor.
Should I max out my Roth IRA?
If eligible, yes! Priority: 1) Get employer 401k match. 2) Max Roth IRA. 3) Max 401k. 4) Taxable investing. Roth's tax-free growth is extremely valuable.
Do Roth IRAs have required minimum distributions?
No! Unlike Traditional IRAs and 401ks, Roth IRAs have no RMDs during your lifetime. You can let the money grow tax-free forever and pass it to heirs.
What should I invest my Roth IRA in?
Put highest-growth investments in Roth (since gains are tax-free). Good choices: diversified stock index funds, growth ETFs. Bonds can go in Traditional accounts.

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