Roth IRA Calculator
Calculate your Roth IRA growth with tax-free withdrawals in retirement.
2024 limit: $7,000 ($8,000 if 50+)
Total at retirement
$1,038,793
Tax-free
Total contributed
$232,500
Tax-free growth
$806,293
Real value
$437,717
Adjusted for inflation
Balance composition
Projected growth
What is a Roth IRA?
A Roth IRA is a retirement account where you contribute after-tax money. The main advantage is that your withdrawals in retirement, including earnings, are completely tax-free.
Roth IRA benefits
Tax-free withdrawals, no required minimum distributions (RMDs), you can withdraw your contributions (not earnings) anytime penalty-free, and it's excellent if you expect to be in a higher tax bracket in retirement.
Eligibility
For 2024, you can contribute the maximum if your income is below $146,000 (single) or $230,000 (married). Contributions phase out above these limits.