Roth IRA Calculator

Calculate your Roth IRA growth potential with tax-free retirement savings. Plan contributions, track compound growth, and see how much you can save for retirement.

Calculator

Calculator Details

Enter your information to calculate results

Current Age

Retirement Age

Current Roth IRA Balance ($)

Annual Contribution ($)

Expected Annual Return (%)

Annual Contribution Increase (%)

Results

$1,583,909

Total Roth IRA Value at Retirement

5.3x growth over 40 years

$294,091

Total Contributions

$1,284,819

Tax-Free Earnings

Tax-Free Advantage

Your $1,284,819 in earnings will be completely tax-free in retirement, potentially saving you $282,660 or more in taxes (assuming 22% tax bracket).

2024 Contribution Limits

• Under 50: $7,000 annually

• 50 and older: $8,000 annually (includes $1,000 catch-up)

Growth Timeline (First 5 Years)

Year 1(Age 26)

$12,305

+$6,500 contributed

Year 2(Age 27)

$20,330

+$6,695 contributed

Year 3(Age 28)

$29,132

+$6,896 contributed

Year 4(Age 29)

$38,661

+$7,000 contributed

Year 5(Age 30)

$48,857

+$7,000 contributed

... and 35 more years of growth

How It Works

The Roth IRA Calculator projects your retirement savings growth using compound interest and tax-free earnings:

Future Value = Current Balance × (1 + Return)^Years + Annual Contributions × Growth Factor

Key Features:

Tax-Free Growth: All earnings grow tax-free and withdrawals in retirement are tax-free
Contribution Limits: Automatically enforces IRS annual contribution limits
Catch-Up Contributions: Additional $1,000 allowed for ages 50 and older
Flexible Contributions: Model increasing contributions over time
Compound Interest: Earnings generate their own earnings over time