Roth IRA Calculator
This calculator estimates the balances of Roth IRA savings and compares them with regular taxable account. It is mainly intended for use by U.S. residents.
Maximum annual contribution: $7,000 (under 50) or $8,000 (50+)
Automatically maximize contributions each year
7%
25%
Results
Balance at retirement
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Taxable account
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Total principal
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Taxable account
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Total interest
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Taxable account
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Total tax
$0
Taxable account
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Enter your information and click Calculate to see results.
Annual Schedule
| Age | Principal | Roth IRA | Taxable Account |
|---|
About Roth IRAs
A Roth IRA is a type of Individual Retirement Arrangement (IRA) that provides tax-free growth and tax-free income in retirement. The major difference between Roth IRAs and traditional IRAs is that contributions to the former are not tax-deductible, and contributions (not earnings) may be withdrawn tax-free at any time without penalty.
Roth IRA Contributions
- Made using after-tax dollars
- Not tax-deductible
- Contributions can be withdrawn tax-free at any time
- Income limits apply for eligibility