Roth IRA Calculator

A Roth IRA is one of the most powerful retirement savings vehicles available to Americans. Unlike traditional IRAs or 401(k)s, contributions to a Roth IRA are made with after-tax dollars — meaning you pay taxes now and your money grows completely tax-free. When you withdraw in retirement, every dollar (including all the growth) comes out tax-free. For those who expect to be in a higher tax bracket in retirement, this can mean tens of thousands of dollars saved in taxes.

The magic of a Roth IRA is compound growth over time. Starting early is the single most powerful thing you can do — even small annual contributions, grown for 30-40 years at a moderate rate of return, can accumulate into a substantial nest egg. For a broader look at your overall retirement readiness across all accounts, use the Retirement Calculator.

Roth IRAs pair beautifully with employer-sponsored plans. Many financial advisors recommend maximizing your employer match in a 401(k) first, then funding a Roth IRA up to the annual contribution limit. To see how your 401(k) might grow alongside your Roth IRA, check out the 401K Calculator for projections that include employer matching contributions.