Roth IRA Calculator
Project tax-free growth in your Roth IRA with income eligibility checks and Traditional IRA comparisons.
US-Specific Calculator
Roth IRAs are US retirement accounts. Contribution limits and income rules are based on IRS guidelines.
2024 Limit: $7,000
Catch-Up When 50+
Auto-add $1,000 at age 50
Check Eligibility
Verify income limits
Modified Adjusted Gross Income
eligible
Full contribution allowed
2024 Income Limits
Single: Phase-out $146K - $161K
Married Joint: Phase-out $230K - $240K
Expected tax bracket when withdrawing
$1,190,539.04
$914,539.04
$201,198.59
Tax-Free Forever
Your Roth IRA will grow to $1,190,539.04 and you won't pay a single dollar in taxes when you withdraw it. That's $201,198.59 in tax savings compared to a taxable account.
Roth IRA
$1,190,539.04
Tax-free at withdrawal
Traditional IRA
$928,620.45
After-tax value
Roth IRA is better
+$261,918.59
Break-even tax rate: 22.0%
| Age | Contribution | Returns | Balance |
|---|---|---|---|
| 31 | $7,000.00 | $1,295.00 | $23,295.00 |
| 32 | $7,000.00 | $1,875.65 | $32,170.65 |
| 33 | $7,000.00 | $2,496.95 | $41,667.60 |
| 34 | $7,000.00 | $3,161.73 | $51,829.33 |
| 35 | $7,000.00 | $3,873.05 | $62,702.38 |
| 36 | $7,000.00 | $4,634.17 | $74,336.55 |
| 37 | $7,000.00 | $5,448.56 | $86,785.10 |
| 38 | $7,000.00 | $6,319.96 | $100,105.06 |
| 39 | $7,000.00 | $7,252.35 | $114,357.42 |
| 40 | $7,000.00 | $8,250.02 | $129,607.44 |
The Power of Tax-Free Growth
Roth IRA Benefits
- Tax-Free Growth: All earnings grow tax-free
- Tax-Free Withdrawals: No taxes on qualified distributions
- No RMDs: No required minimum distributions ever
- Flexible Access: Contributions (not earnings) can be withdrawn anytime
2024 Limits
- Under 50: $7,000/year
- Age 50+: $8,000/year
Roth vs Traditional
Choose Roth if:
- You expect higher taxes in retirement
- You value tax-free withdrawals
- You don't want forced RMDs
Choose Traditional if:
- You expect lower taxes in retirement
- You need the tax deduction now
- You're in a high tax bracket today