Roth IRA Calculator
Free Online Roth IRA Calculator
Tax-Free Growth · Roth vs Traditional · Conversion Analyzer
Roth IRA Calculator
Tax-Free Growth · Roth vs Traditional · Conversion Analyzer
A Roth IRA grows 100% tax-free — you contribute after-tax dollars, and all growth and qualified withdrawals are never taxed again. 2024 limit: $7,000/yr ($8,000 if age 50+). Income limits apply — phase-out begins at $146,000 single / $230,000 married.
Your Details
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Contributions
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$
✅ You are eligible to contribute the full $7,000 limit.
Assumptions
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Growth Assessment
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Tax-Free Balance at Retirement
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Inflation-Adjusted (today's $)
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Years of Growth
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Total Contributions
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Tax-Free Growth
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Growth Multiplier
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Monthly Tax-Free Income
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Annual Tax-Free Income
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IRS Limit Utilisation
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Tax Saved vs Taxable Account*
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💰 Balance Composition at Retirement
🔮 What-If Scenarios
If you max out every year ($7,000):
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If return rate drops to 5%:
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If you retire 5 years later:
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If you increase contribution by $1,000/yr:
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Tax saved vs equivalent taxable account at 22% rate:
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📋 Year-by-Year Roth IRA Growth
| Age | Contribution | Growth | Balance | Monthly Income |
|---|
Roth IRA Insights
Roth: Pay tax now, withdraw tax-free. Traditional: Deduct now, pay tax at withdrawal. The better choice depends on whether your tax rate will be higher or lower in retirement. If uncertain, contribute to both for tax diversification.
Inputs
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yrs
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Recommendation
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🌱 Roth IRA
After-Tax Annual Income
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🏦 Traditional IRA
After-Tax Annual Income
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Roth Balance (tax-free)
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Traditional Balance (pre-tax)
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Traditional After-Tax
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Break-Even Tax Rate
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Tax Saved Now (Traditional)
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Tax at Withdrawal (Traditional)
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Roth Advantage / Deficit
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RMD Risk (Traditional)
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🔮 Tax Rate Sensitivity
If retirement rate = 10%:
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If retirement rate = 22%:
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If retirement rate = same as now:
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If retirement rate is 5% higher than now:
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No RMD advantage — Roth stays invested 10 extra years:
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Roth vs Traditional Insights
A Roth conversion moves money from a Traditional IRA into a Roth IRA. You pay income tax on the converted amount now, but all future growth is tax-free. Best done in low-income years when your rate is lower than expected in retirement.
Conversion Details
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$
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yrs
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%
Conversion Assessment
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Net Gain from Conversion
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Break-Even (years to recover tax cost)
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Federal Tax Due Now
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State Tax Due Now
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Total Tax Bill
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Amount Landing in Roth
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Roth Value at Retirement
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Traditional (if not converted)
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Traditional After-Tax
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Roth Advantage at Retirement
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🔮 Conversion Strategy Scenarios
Convert full balance in one year:
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Spread conversion equally over 5 years:
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If conversion rate drops to 15% (lower bracket year):
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If paying tax from converted funds (not optimal):
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Max conversion staying under 22% bracket ($94,300 taxable):
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Conversion Strategy Insights
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