Roth IRA Calculator
Calculate your potential Roth IRA growth and retirement savings
Investment Details
Investment Summary
$1,020,842.00
Final Balance at Retirement
Total Contributions$220,000.00
Amount you'll contribute over time
Total Earnings$800,842.00
Investment returns earned
Tax Savings$48,400.00
Tax savings compared to traditional IRA
Withdrawal Projections:
Age 65:$40,833.68/year
Age 70:$47,337.42/year
Age 75:$54,877.05/year
Age 80:$63,617.54/year
Age 85:$73,750.16/year
Age 90:$85,496.65/year
Age 95:$99,114.05/year
Understanding Roth IRAs
Key Benefits
- • Tax-free growth
- • Tax-free qualified withdrawals
- • No required minimum distributions
- • Flexible withdrawal options
- • Estate planning advantages
Contribution Rules
- • 2024 limit: $7,000 ($8,000 if 50+)
- • Income limits apply
- • Must have earned income
- • Can contribute at any age
- • 5-year rule for earnings
Investment Strategy
Asset Allocation
- • Diversify investments
- • Consider time horizon
- • Adjust risk tolerance
- • Regular rebalancing
Growth Strategies
- • Maximize contributions
- • Start early
- • Consistent investing
- • Long-term focus
Tax Planning
- • Compare with Traditional IRA
- • Consider tax brackets
- • Plan withdrawals
- • Estate tax benefits