Roth IRA Calculator
This calculator estimates the balances of Roth IRA savings and compares them with regular taxable accounts. It is mainly intended for use by U.S. residents. For calculations or more information concerning other types of IRAs, please visit our IRA Calculator.
Modify the values and click the calculate button to use
Result:
| Roth IRA | Taxable account | |
|---|---|---|
| Balance at age | ||
| Total principal | ||
| Total interest | ||
| Total tax |
Roth IRA Calculator: Plan Your Tax-Free Retirement Savings
Our Roth IRA Calculator helps you compare the long-term growth potential of Roth IRA investments versus regular taxable accounts. Designed specifically for U.S. residents, this tool illustrates how tax-free compounding can significantly boost your retirement savings.
Key Features:
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Side-by-Side Comparisons: Instantly see how Roth IRA balances outperform taxable accounts due to tax-free withdrawals.
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Customizable Inputs: Adjust contributions, returns, time horizons, and tax rates to match your financial situation.
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Max Contribution Optimisation: Automatically accounts for annual IRS contribution limits ($7,000 in 2024, or $8,000 if 50+).
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Detailed Breakdown: View total principal, interest earned, and taxes saved over time.
Why It Matters:
Roth IRAs offer unique advantages:
✅ Tax-Free Growth: No taxes on qualified withdrawals (after age 59½).
✅ Flexibility: Contributions (not earnings) can be withdrawn penalty-free.
✅ No RMDs: Unlike Traditional IRAs, Roths have no Required Minimum Distributions.
Note: This calculator assumes consistent returns and tax rates. For other IRA types (e.g., Traditional, SEP), visit our full [IRA Calculator].
Start calculating now to see how a Roth IRA could grow your wealth!
Variations for Different Uses:
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Shortened Version (for marketing):
“Maximize your tax-free retirement savings! Our Roth IRA Calculator compares decades of compound growth against taxable accounts—showing exactly how much you could save. Input your numbers and see the difference in minutes.” -
Technical Explanation:
“This calculator models annual compounding with tax adjustments: Roth IRAs grow tax-free, while taxable accounts deduct capital gains taxes annually. Assumptions include constant returns, tax rates, and timely contributions.”