🏦 Roth IRA Calculator
Project how your Roth IRA balance could grow tax-free by retirement based on your contributions and expected return.
Your Details
Projected Balance at Retirement
Projection assumes your current balance and annual contributions grow at a constant annual return, compounded yearly. Actual market returns vary and are never guaranteed.
How the Roth IRA Calculator Works
A Roth IRA grows tax-free — you contribute after-tax dollars, and qualified withdrawals in retirement owe no income tax. This calculator projects your balance by compounding your current savings and annual contributions at your expected return.
Formula
Future Value of Contributions = C × [((1 + r)ⁿ − 1) / r]
where P = current balance, C = annual contribution, r = annual return, n = years until retirement
Frequently Asked Questions
What is the Roth IRA contribution limit?
For 2024, the limit is $7,000 per year for those under age 50, and $8,000 per year for those 50 and older (the extra $1,000 is a "catch-up" contribution). Income limits also apply to eligibility.
Are Roth IRA withdrawals really tax-free?
Qualified withdrawals — made after age 59½ and once the account has been open at least 5 years — are completely free of federal income tax, including all investment growth.
What return rate should I assume?
Many long-term investors use a historical average of around 7-10% annually for a diversified stock portfolio, though actual returns vary year to year and are never guaranteed.