Roth IRA Calculator
Free Roth IRA calculator to project tax-free retirement growth. Estimate contribution limits, future balance, and monthly retirement income.
IRS Contribution Limits
Under 50: $7,000/year
50 and Over: $8,000/year
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Project Your Tax-Free Retirement Savings
A Roth IRA grows tax-free and qualified withdrawals in retirement are completely tax-free. Our calculator projects your balance at retirement, factors in contribution limits, and estimates your tax-free monthly income.
Understanding Roth IRA Benefits
Unlike traditional IRAs, Roth contributions are made with after-tax dollars, but all growth and withdrawals are tax-free in retirement. For someone in a higher tax bracket in retirement, or expecting tax rates to rise, Roth can save significant money.
Future Value Formula
FV = PV(1+r)^n + PMT × [(1+r)^n - 1] / rHow to Use the Roth IRA Calculator
Common Use Cases
Retirement Planning
Project your tax-free retirement income needs.
Contribution Strategy
Maximize contributions within IRS limits.
Tax Planning
Compare Roth vs Traditional tax implications.
Frequently Asked Questions
For 2024: $7,000 for those under 50, $8,000 for 50+ (includes $1,000 catch-up). Income limits apply: phaseout starts at $146,000 (single) or $230,000 (married filing jointly).