Roth IRA Calculator

Compare Roth IRA (after-tax, tax-free growth) versus Traditional IRA (pre-tax, taxed at withdrawal) to find which is better for your situation.

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See how your Roth IRA can grow over time with our free calculator, and compare it against a traditional IRA to understand the tax trade-offs of each account type.

How Roth IRA Growth Is Projected

Roth IRA contributions are made with after-tax dollars, but grow tax-free and can be withdrawn tax-free in retirement. Future Value = Contributions compounded annually at your expected return rate.

How to Use This Calculator

  1. Enter your current Roth IRA balance
  2. Enter your annual contribution
  3. Enter expected annual return and years until retirement
  4. Click Calculate to see your projected tax-free balance

Frequently Asked Questions

What's the difference between a Roth IRA and Traditional IRA?

Roth IRA uses after-tax contributions with tax-free withdrawals; Traditional IRA uses pre-tax contributions with taxable withdrawals.

Are there income limits for Roth IRA contributions?

Yes, the IRS sets annual income limits above which you cannot contribute directly to a Roth IRA.

What's the annual contribution limit?

The IRS sets an annual limit that applies across all your IRA accounts combined.

Can I withdraw contributions early without penalty?

Roth IRA contributions can generally be withdrawn at any time without penalty, since you already paid tax on them.