Roth IRA Calculator

Roth IRA Calculator

Maximize your tax-free retirement savings with comprehensive Roth IRA analysis

Personal Information

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years
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Roth IRA Contribution Details

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$
%
%
2024 Roth IRA Income Limits:
• Single: Phase-out $138,000 - $153,000
• Married Filing Jointly: Phase-out $218,000 - $228,000
• Contribution Limit: $7,000 ($8,000 if age 50+)

Roth IRA Projection

$0
Tax-free value at retirement

Roth IRA vs Traditional IRA Comparison

Roth IRA
$0
Tax-free withdrawals
No required distributions
$0 advantage
Traditional IRA
$0
Taxable withdrawals
Required distributions at 73
Current tax deduction

Financial Analysis

Total Contributions: -
Total Growth (Tax-Free): -
Tax Savings vs Traditional: -
Effective Return Rate: -
Contribution Eligibility: -

Contribution Growth Schedule (First 20 Years)

Year Age Contribution Growth Balance

Roth IRA Advantages

1
Tax-Free Growth

All earnings grow completely tax-free, and qualified withdrawals are never taxed.

2
No Required Distributions

Unlike Traditional IRAs, you're never forced to withdraw money, allowing maximum growth potential.

3
Flexible Access

Contributions can be withdrawn penalty-free at any time. Earnings are accessible penalty-free after age 59½.

4
Estate Benefits

Roth IRAs pass to beneficiaries tax-free, providing excellent estate planning benefits.

Tax Benefit Visualization

Important Disclaimers:
• This calculator provides estimates for educational purposes and should not be considered financial advice
• Actual investment returns will vary and are not guaranteed
• Tax laws may change, affecting the benefits of Roth IRAs
• Income limits and contribution limits are subject to annual adjustments by the IRS
• Consult with a qualified financial advisor and tax professional for personalized advice
• Consider your individual tax situation, time horizon, and risk tolerance when making investment decisions

Key Features:

  • Multiple Analysis Types: Contribution growth, Roth conversions, Roth vs Traditional comparison, withdrawal strategies
  • Income Eligibility Checking: Automatically calculates contribution limits based on income and filing status
  • Tax Advantage Analysis: Shows the long-term tax benefits of Roth IRAs
  • Comprehensive Projections: Year-by-year contribution and growth schedule
  • Visual Comparisons: Side-by-side Roth vs Traditional IRA analysis

Calculation Types:

  1. Contribution Growth: Projects the growth of regular Roth IRA contributions
  2. Roth Conversion: Analyzes the benefits of converting Traditional IRA to Roth
  3. Roth vs Traditional: Direct comparison of both account types
  4. Withdrawal Strategy: Plans tax-free retirement withdrawals

Advanced Features:

  • Income Phase-Out Calculations: Handles contribution limit reductions for high earners
  • Age-Based Contribution Limits: Includes catch-up contributions for 50+
  • Tax Benefit Visualization: Charts showing tax advantages over time
  • Eligibility Status: Real-time feedback on contribution eligibility
  • Growth Schedule: Detailed year-by-year breakdown for first 20 years

Key Benefits Highlighted:

  • Tax-Free Growth: All earnings grow completely tax-free
  • No Required Distributions: Unlike Traditional IRAs, no forced withdrawals
  • Flexible Access: Contributions can be withdrawn penalty-free anytime
  • Estate Planning: Tax-free inheritance for beneficiaries

How to Use:

  1. Select your analysis type (Contribution, Conversion, Comparison, or Withdrawal)
  2. Enter personal information (age, income, filing status)
  3. Input Roth IRA details (contributions, current balance, expected returns)
  4. Review comprehensive analysis including tax advantages and projections
  5. Use the comparison tools to optimize your retirement strategy