Roth IRA Calculator

Creating a Roth IRA can make a big difference in your retirement savings. There is no tax deduction for contributions made to a Roth IRA; however, all future earnings are sheltered from taxes, under current tax laws. The Roth IRA can provide truly tax-free growth.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



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At retirement your IRA balance could be worth $796,687.01.
*indicates required.
Total contributions:
$180,000
Increase future contributions to the maximum allowed
Roth IRA vs Taxable Account Line Graph: Please use the calculator's report to see detailed calculation results in tabular form.

Definitions

Starting balance

The current balance of your Roth IRA.

Annual contribution

The amount you will contribute to your Roth IRA each year. This calculator assumes that you make your contribution at the beginning of each year. For 2025, the maximum annual IRA contribution is $7,000 which is the same as 2024. It is important to note that this is the maximum total contributed to all of your IRA accounts. The contribution limit increases with inflation in $500 increments. An annual change to the contribution limit only occurs if the cumulative effect of inflation since the last adjustment is $500 or more.

If you are 50 or older you can make an additional 'catch-up' contribution of $1,000. The 'catch-up' contribution amount of $1,000 remains unchanged for 2025, but is adjusted for inflation in $100 increments starting in 2024. In order to qualify for the 'catch-up' contribution, you must turn 50 by the end of the year in which you are making the contribution.

Roth IRA contributions are limited for higher incomes. If your income falls in a 'phase-out' range you are allowed only a prorated Roth IRA contribution. If your income exceeds the phase-out range, you do not qualify for any Roth IRA contribution. The table 'Roth IRA 2025 Contribution Phaseout' summarizes the income 'phase-out' ranges for Roth IRAs.

Roth IRA 2025 Contribution Phaseout
Tax Filing StatusIncome Phase-Out Range
Married filing jointly or head of household$236,000 to $246,000
Single$150,000 - $165,000
Married filing separately$0 - $10,000

For the purposes of this calculator, the tool assumes that your income does not limit your ability to contribute to a Roth IRA.

Starting in 2010 high income individuals have the option to make non-deductible traditional IRA contributions and then immediately convert them to a Roth IRA. This can effectively eliminate the income phase-out for Roth IRA contributions.

Current age

Your current age.

Age at retirement

Age at which you plan to retire. This calculator assumes that the year you retire, you do not make any contributions to your IRA. For example, if you retire at age 65, your last contribution occurs when you are actually age 64.

Expected rate of return

The annual rate of return for your IRA. This calculator assumes that your return is compounded annually and your contributions are made at the beginning of each year. The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31st 2021, had an annual compounded rate of return of 13.6%, including reinvestment of dividends. From January 1, 1970 to December 31st 2021, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 11.3% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009).

It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.

Marginal tax rate

The marginal tax rate you expect to pay on your taxable investments. Use the ‘Filing Status and Federal Income Tax Rates on Taxable Income’ table to assist you in estimating your federal tax rate.

Filing Status and Federal Income Tax Rates on Taxable Income for 2025*
Tax RateMarried Filing Jointly or Qualified Widow(er)SingleHead of HouseholdMarried Filing Separately
10%$0 - $23,850$0 - $11,925$0 - $17,000$0 - $11,925
12%$23,850 - $96,950$11,925 - $48,475$17,000 - $64,850$11,925 - $48,475
22%$96,950 - $206,700$48,475 - $103,350$64,850 - $103,350$48,475 - $103,350
24%$206,700 - $394,600$103,350 - $197,300$103,350 - $197,300$103,350 - $197,300
32%$394,600 - $501,050$197,300 - $250,525$197,300 - $250,500$197,300 - $250,525
35%$501,050 - $751,600$250,525 - $626,350$250,500 - $626,350$250,525 - $375,800
37%Over  $751,600Over  $626,350Over  $626,350Over  $375,800
*Caution: Do not use these tax rate schedules to figure 2024 taxes. Use only to figure 2025 estimates. Source: Rev. Proc. 2024-40

Total contributions

The total amount contributed to this IRA.

Maximize contributions

Check this box to contribute the maximum allowed to your account each year. This includes the additional catch-up contribution available when you are age 50 or over.

Total taxable savings

The total amount you would have accumulated by retirement in a taxable savings account.

Roth total at retirement

Total value in your Roth IRA at your retirement. To take any distributions that include earnings that are tax free, the Roth IRA must be opened for 5 tax years. Eligible tax-free distributions include those taken for death or disability, after age 59-1/2, or for a first-time home purchase.