About the Roth IRA Calculator
A Roth IRA is funded with after-tax money, but every dollar you withdraw in retirement — contributions and growth alike — is completely tax-free. This calculator projects the balance and highlights how much of it is tax-free growth.
How it’s calculated
Annual contributions are invested monthly and grow at the expected return until retirement. Because qualified Roth withdrawals aren't taxed, the ending balance is what you actually get to keep.
Example calculation
Contributing the annual maximum from age 30 to 65 at a 7% return can grow to well over $1 million — all tax-free.
Frequently asked questions
What's the contribution limit?
The IRS sets an annual Roth IRA limit (with a catch-up at 50+), and eligibility phases out at higher incomes. This calculator flags the current limit; verify the latest figure and income limits.
Roth IRA or Roth 401(k)?
A Roth 401(k) has much higher limits and an employer match; a Roth IRA offers more investment choice and no RMDs. Many people use both.
Retirement projections are estimates based on the assumptions you enter and do not guarantee future outcomes. Contribution limits and tax rules change over time — verify current figures and consider speaking with a financial professional.