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What does a Roth IRA calculator do?

A Roth IRA calculator estimates how much money you could have in your Roth IRA by the time you retire. It uses your current age, current balance, yearly contribution, and expected rate of return to project your future balance, and it shows you how much you save in taxes compared to a normal taxable account. Plan Ahead

How to Use the Roth IRA Calculator?

Using the calculator only takes a minute. Just fill in your details below and click calculate to see your projected retirement savings. 1 Current Balance The amount you already have saved in your Roth IRA today. If you’re starting fresh, enter $0. 2 Annual Contribution How much you plan to add to your account each year. In 2026, the most you can contribute is $7,500 (or $8,600 if you’re 50+).

What Is a Roth IRA?

A Roth IRA (Individual Retirement Account) is a savings account made for retirement. The key feature is simple: you put in money that has already been taxed, so when you take it out later, you don’t pay taxes on it again, including any growth it earned over the years. This is different from a traditional IRA, where you get a tax break now but pay taxes when you withdraw the money in retirement.

When Can You Withdraw Money from a Roth IRA?

Contributions and earnings follow different rules — here’s what you need to know before you take money out. Contributions Can be withdrawn any time, tax-free and penalty-free, no matter your age. Earnings Tax-free and penalty-free only after age 59½, and only if the account has been open for at least 5 years.