What is a Roth IRA Calculator?

A Roth IRA Calculator is a financial tool designed to help you estimate the potential growth of your retirement savings over time. Unlike a Traditional IRA, contributions to a Roth IRA are made with after-tax dollars, meaning your withdrawals in retirement are generally tax-free. This calculator uses compound interest formulas to project your future wealth based on your current age, contributions, and expected annual return.

How to Use This Tool

• Current Age & Retirement Age: Enter your age to determine the investment timeline.
• Annual Contribution: Input how much you plan to save yearly. The limit for 2024 is $7,000 (or $8,000 if age 50+).
• Expected Return: The S&P 500 historically averages around 7-10% annually (adjusted for inflation).
• Advanced Options: Adjust tax rates to see potential savings compared to a taxable account.

Why Start Investing Early?

[Image of compound interest graph]

The power of compound interest works best with time. Even small contributions can grow significantly over 20 or 30 years. Using our Roth IRA projection tool allows you to visualize this growth and helps in setting realistic retirement goals.

Features of Our Pro Calculator

This tool is built for accuracy and convenience. Key features include:

• Instant Visualization: Interactive graphs showing contributions vs. earnings.
• PDF & CSV Export: Download your financial plan for offline analysis.
• Local History: Your last 5 calculations are saved in your browser for quick comparison.
• Mobile Responsive: Plan your retirement on your phone, tablet, or desktop.