Roth Ira Calculator
Estimate the future value of a Roth IRA based on annual contributions, current age, retirement age, expected annual return, and current balance. Results show total contributions and tax-free growth.
Published by:
isCalculator Editorial Team
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How to use this tool?
How to Use the Roth IRA Calculator
This calculator estimates the future value of your Roth IRA based on your current savings, annual contributions, and expected investment return.
- Enter your current age (18–70).
- Enter your planned retirement age (must be greater than your current age, up to 80).
- Enter your annual contribution (up to $6,500 for 2023).
- Enter your current balance (any non-negative amount).
- Enter your expected annual return (0%–30%).
- Click "Calculate" to see results.
Results explained:
- Future Value: Total account value at retirement.
- Total Contributions: Sum of your current balance plus all annual contributions.
- Total Growth: Investment earnings (Future Value minus Total Contributions).
Note: Contributions are assumed to be made at the end of each year. All dollar amounts are in USD.
Previous Results
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Frequently Asked Questions
A Roth IRA is a retirement savings account that allows you to contribute after-tax dollars, and qualified withdrawals are tax-free. It offers tax-free growth and flexibility.
For 2023, the contribution limit is $6,500 ($7,500 if age 50 or older). Limits are subject to inflation and income phase-outs.
The future value is calculated using the formula FV = P*(1+r)^n + C*((1+r)^n - 1)/r, where P is current balance, C is annual contribution, r is annual return rate, and n is number of years until retirement.
