Roth IRA Calculator

Use our free Roth IRA calculator to project your tax-free retirement savings. Compare Roth vs traditional IRA benefits by seeing the tax paid now vs tax saved in retirement with your Roth contributions.

Financial

Currency

Current Age

years

Retirement Age

years

Current Roth IRA Balance

Annual Contribution

Expected Annual Return (%)

Current Tax Rate (%)

Expected Retirement Tax Rate (%)

Formula

Project your Roth IRA growth with this calculator. See the power of tax-free compounding and compare Roth vs traditional IRA by analyzing the tax paid on contributions versus tax saved on withdrawals.

FV = Balance × (1+r)^t + Annual Contribution × compounding (all tax-free)

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter your current age, retirement age, and current Roth IRA balance.
2Input your annual contribution amount and expected return.
3Enter your current tax rate and expected retirement tax rate.
4See your projected Roth IRA balance with tax-free withdrawals.
5Compare the tax paid now on contributions versus tax saved in retirement.

Examples

30 years old, retiring at 65, $10k balance, $7k/year, 7% return, 22% tax now, 12% in retirement

1.Years to retirement = 35 years
2.Monthly Roth contribution = $7k/12 = $583
3.Tax paid on contributions = $7k × 22% × 35 = $53,900
4.Tax saved in retirement = Roth balance × 12%
5.All withdrawals are tax-free

Result: $1,000,000

Frequently Asked Questions

For 2026, the Roth IRA contribution limit is $7,000 ($8,000 if age 50+). Income limits apply: single filers phase out above $161,000, married filing jointly above $240,000.

Roth is better if you expect higher taxes in retirement or want tax-free withdrawals. Traditional is better if you want a tax deduction now and expect lower taxes in retirement. Many people use both.

Yes, you can withdraw your Roth IRA contributions (but not earnings) at any time, tax-free and penalty-free. Earnings withdrawals before age 59½ may be subject to taxes and penalties.

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Roth IRA Guide

CalculateMe Team

Last updated: 2026-07-16

How It Works

1Enter your current age, retirement age, and current Roth IRA balance.

2Input your annual contribution amount and expected return.

3Enter your current tax rate and expected retirement tax rate.

4See your projected Roth IRA balance with tax-free withdrawals.

5Compare the tax paid now on contributions versus tax saved in retirement.

Examples

30 years old, retiring at 65, $10k balance, $7k/year, 7% return, 22% tax now, 12% in retirement

1.Years to retirement = 35 years
2.Monthly Roth contribution = $7k/12 = $583
3.Tax paid on contributions = $7k × 22% × 35 = $53,900
4.Tax saved in retirement = Roth balance × 12%
5.All withdrawals are tax-free

Result: $1,000,000

Frequently Asked Questions

For 2026, the Roth IRA contribution limit is $7,000 ($8,000 if age 50+). Income limits apply: single filers phase out above $161,000, married filing jointly above $240,000.

Roth is better if you expect higher taxes in retirement or want tax-free withdrawals. Traditional is better if you want a tax deduction now and expect lower taxes in retirement. Many people use both.

Yes, you can withdraw your Roth IRA contributions (but not earnings) at any time, tax-free and penalty-free. Earnings withdrawals before age 59½ may be subject to taxes and penalties.

Roth IRA Calculator

Formula

How It Works

Examples

30 years old, retiring at 65, $10k balance, $7k/year, 7% return, 22% tax now, 12% in retirement

Frequently Asked Questions

What is the Roth IRA contribution limit?

Roth vs traditional IRA - which is better?

Can I withdraw contributions from my Roth IRA early?

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Roth IRA Calculator

Formula

How It Works

Examples

30 years old, retiring at 65, $10k balance, $7k/year, 7% return, 22% tax now, 12% in retirement

Frequently Asked Questions

What is the Roth IRA contribution limit?

Roth vs traditional IRA - which is better?

Can I withdraw contributions from my Roth IRA early?

Related Calculators

Related Articles