Use this free Roth IRA calculator to estimate your account’s growth, tax savings, total return, and balance at retirement. It also offers the option to regularly contribute to your savings.

Roth IRA Calculator

Results

Future Value: $

Total Contributions: $

Investment Growth: $


How to Use the Roth IRA Calculator

  1. Current Balance: Enter the current amount in your Roth IRA account.
  2. Annual Contribution: Specify how much you plan to contribute annually.
  3. Maximize Contributions: Choose if you want to maximize contributions each year by selecting "Yes" or "No".
  4. Expected Rate of Return: Enter the annual return rate you expect on your investments.
  5. Current Age: Input your current age.
  6. Retirement Age: Specify the age at which you plan to retire.
  7. Marginal Tax Rate: Enter your current marginal tax rate.

Click the "Calculate" button to see your future Roth IRA balance, total contributions, and investment growth. To reset the form, use the "Clear" button.

What is a Roth IRA Calculator?

A Roth IRA calculator helps you project the future value of your Roth IRA based on the current balance, annual contributions, expected return rate, and other factors. It provides an estimate of how much your investments will grow by the time you retire, aiding in retirement planning and financial decision-making.

Formula for Calculating Roth IRA

The formula used in this calculator takes into account the compound interest on your current balance and annual contributions over the years until your retirement. It adjusts for the expected rate of return to give you the future value of your investments.