Roth IRA Calculator
Project your Roth IRA balance at retirement, and see its value in today's dollars after inflation. Qualified Roth withdrawals are tax-free.
Your details
- In today's dollars
- $427,939.74
- Total contributions
- $220,000.00
- Tax-free growth
- $795,588.82
Contributions vs growth
- Contributions
- $220,000.0022%
- Growth
- $795,588.8278%
Formula
Future value = current balance compounded monthly, plus the future value of your monthly contributions. The real balance divides that by (1 + inflation) raised to the number of years.
How it works
Your balance compounds monthly, and each new contribution starts compounding too. Because qualified Roth withdrawals are tax-free, the projected balance is closer to what you can actually spend than a pre-tax account of the same size.
Frequently asked questions
How is a Roth IRA different from a traditional IRA?⌄
You fund a Roth with after-tax money, so qualified withdrawals in retirement are completely tax-free. A traditional IRA is funded pre-tax and taxed on withdrawal.
Who can contribute to a Roth IRA?⌄
Anyone with earned income, up to an annual limit, though eligibility phases out at higher incomes. Check the current IRS limits for your filing status.
When are Roth withdrawals tax-free?⌄
Earnings can be withdrawn tax- and penalty-free once you are 59½ and the account has been open at least five years. Your own contributions can be withdrawn any time.
Sources & methodology
Assumes a constant return with monthly compounding, plus an inflation adjustment for the real balance; excludes contribution limits and taxes.
- •U.S. SEC — retirement saving — SEC
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