Roth IRA Calculator
Estimate how your Roth IRA could grow over time based on your current age, retirement age, current balance, annual contributions, and expected annual investment return.
Enter your current age.
Enter the age you plan to retire.
Enter your current Roth IRA account balance.
Enter how much you plan to contribute each year.
Enter your estimated average annual investment return.
How This Calculator Works
This calculator estimates the future value of your Roth IRA by combining the future growth of your current balance with the future growth of your annual contributions. It assumes a steady average annual return until retirement.
Formula
Future Roth IRA Value = Current Balance Growth + Contribution Growth
Example
If you are 30, plan to retire at 65, already have $25,000 in your Roth IRA, contribute $7,000 per year, and earn an average annual return of 7%, this calculator estimates how much your Roth IRA could grow by retirement.
Frequently Asked Questions
What is a Roth IRA?
A Roth IRA is a retirement account funded with after-tax money. Qualified withdrawals in retirement are generally tax-free.
Why do people choose a Roth IRA?
Many people like the potential for tax-free withdrawals in retirement and the long-term growth benefits of compounding.
Does this calculator include IRS contribution limits?
No. This calculator is a simple estimator. It does not check current annual contribution limits or income eligibility rules.
Does this include inflation?
No. This result is shown in future dollars and does not adjust for inflation or changes in purchasing power.
Can I use this for long-term planning?
Yes, but it is best used as a simple estimate. Actual returns, contribution limits, taxes, and retirement needs can all change over time.