How the Roth IRA Calculator Works
This calculator compounds your annual Roth IRA contributions at your expected rate of return over time. Because Roth IRA withdrawals are tax-free in retirement, the balance shown is what you actually get to spend — no tax haircut.
Contributing $7,000 per year for 30 years at 7% growth turns $210,000 in contributions into roughly $710,000. That is $500,000 in tax-free growth — money the IRS will never touch.
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Frequently Asked Questions
What is the Roth IRA contribution limit?
For 2026, the limit is $7,000 per year ($8,000 if you are 50 or older). Income limits apply.
Is a Roth IRA worth it?
Yes for most people. Your money grows tax-free and withdrawals in retirement are tax-free. The younger you start, the more powerful this advantage.
Can I withdraw from a Roth IRA early?
You can withdraw your contributions (not earnings) at any time without penalty. Earnings can be withdrawn tax-free after age 59½ if the account is at least 5 years old.
Roth IRA vs 401k — which first?
Contribute to your 401k up to the employer match first (free money), then max out your Roth IRA, then go back and max the 401k.