Roth IRA contributions are after-tax, so qualified withdrawals — including all growth — are tax-free in retirement.
How the Roth IRA Calculator works
Roth IRA contributions are after-tax, so qualified withdrawals — including all growth — are tax-free. The calculator compounds contributions at an expected return to retirement.
Example calculation
$10,000 plus $500 a month at 7% for 30 years projects to roughly $600,000, all tax-free in retirement.
Tips for using the Roth IRA Calculator
- Best when you expect higher taxes later.
- Contributions (not earnings) can be withdrawn anytime penalty-free.
- Watch annual income and contribution limits.
Roth IRA Calculator — frequently asked questions
- Roth vs traditional?
- Roth is taxed now, tax-free later; traditional is deducted now, taxed later. Choose based on expected tax rates.
- Income limits?
- High earners may face contribution phase-outs; check current IRS thresholds.
- Roth vs traditional IRA?
- Roth: taxed now, tax-free later. Traditional: deducted now, taxed later.
- Are there income limits?
- Yes — high earners may face phase-outs; check current IRS thresholds.
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