Roth IRA Calculator
Calculate your Roth IRA growth potential
About this calculator
The Roth IRA Calculator helps you project the potential growth of your Roth IRA investments over time, showing how your after-tax contributions can compound into tax-free retirement income. This powerful planning tool allows you to visualize different contribution scenarios, annual returns, and time horizons to optimize your retirement savings strategy. Understanding your Roth IRA's growth potential is essential for making informed decisions about contribution limits, conversion strategies, and long-term financial planning.
How to use
Enter your current Roth IRA balance, planned annual contributions, expected rate of return, and investment timeline. The calculator will project your account's future value, showing both your total contributions and investment growth. Adjust different variables to compare scenarios and find the optimal contribution strategy for your retirement goals.
Frequently asked questions
What's the annual Roth IRA contribution limit?
For 2024, the limit is $7,000 for those under 50, and $8,000 for those 50 and older, subject to income restrictions.
When can I withdraw from my Roth IRA?
Contributions can be withdrawn anytime tax-free. Earnings can be withdrawn tax-free after age 59½ and five years of account ownership.
What's a realistic return rate to use?
Historical stock market averages suggest 7-10% annually, but conservative estimates of 6-8% account for inflation and market volatility.