How it works
Project the growth of your Roth IRA and see how much tax-free income you could have in retirement.
Input query strings and outputs
Use an input name in this page’s URL as ?name=value, and join additional inputs with &. Portable shared links may instead use the compact ?ac= state parameter.
Input query strings
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?currentAge=Current AgeNumber · Optional · Default: 30
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?retireAge=Retirement AgeNumber · Optional · Default: 65
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?balance=Current BalanceNumber · Optional · Default: 10,000
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?annualContribution=Annual ContributionNumber · Optional · Default: 7,500
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?returnRate=Expected Annual ReturnNumber · Optional · Default: 7
Outputs
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resultResultText · Primary output
result contains the calculator’s complete rendered result area, including its visible result cards, tables, charts, and messages.
Project your tax-free retirement growth
Description
The Roth IRA Calculator is designed to showcase the power of tax-free compounding. By entering your current age, contributions, and expected returns, you can project how your account balance will grow over time, emphasizing the significant “tax-free growth” portion of your retirement nest egg.
Inputs
- Current Age: Your current age.
- Retirement Age: The age you plan to stop contributions and start withdrawals.
- Current Balance: The amount already saved in your Roth IRA ($).
- Annual Contribution: The total amount you plan to contribute each year ($).
- Expected Annual Return: The average annual rate of return you expect from your investments (%).
Outputs
- Total Balance at Retirement: The estimated final value of the account.
- Total Contributed: The sum of all your out-of-pocket contributions (Initial + Annual sum).
- Tax-Free Growth: The total amount of wealth generated by investment returns that can be withdrawn tax-free.
Chart
- Growth Projection Chart: A multi-line chart comparing your “Total Balance” against your “Total Contributed” over the years.
“Good to Know”
- Unlike a Traditional IRA, Roth IRA contributions are made with after-tax dollars, meaning your withdrawals in retirement are completely tax-free.
- Contribution and income limits change. Verify the limit and eligibility rules for the tax year before contributing.
- You can always withdraw your contributions from a Roth IRA at any time without taxes or penalties, though withdrawing earnings before age 59½ may trigger penalties.
Examples
Example 1: Young Professional
- Input:
- Age: 25, Retire: 65
- Balance: $0, Contrib: $7,000
- Return: 8%
- Output:
- Total Balance: ~$1.96M
- Tax-Free Growth: ~$1.68M
Example 2: Mid-Career Catchup
- Input:
- Age: 40, Retire: 65
- Balance: $50,000, Contrib: $7,000
- Return: 7% }catch(e){}
- Output:
- Total Balance: ~$715,000
- Tax-Free Growth: ~$490,000
Example 3: Conservative Late Starter
- Input:
- Age: 50, Retire: 67
- Balance: $10,000, Contrib: $8,000
- Return: 5%
- Output:
- Total Balance: ~$226,000