Roth IRA Calculator
Project tax-free growth in a Roth IRA from your balance and monthly contributions.
A Roth IRA is funded with after-tax money, and qualified withdrawals in retirement are completely tax-free. Contributing $583 a month (about the $7,000 annual limit) on a $10,000 balance at a 7% return for 30 years projects to roughly $792,000 — none of it taxed on qualified withdrawal. Returns are assumed, not guaranteed. Enter your figures to project the balance.
These results are estimates for informational purposes only and are not financial, tax, or legal advice. Your actual figures from a lender or the IRS may differ. Consult a qualified professional before making decisions.
Future value after 30 years
$792,408.07
What you put in vs. interest earned
Balance by year
| Year | You put in | Interest | Balance |
|---|---|---|---|
| 1 | $16,996 | $952 | $17,948 |
| 2 | $23,992 | $2,478 | $26,470 |
| 3 | $30,988 | $4,621 | $35,609 |
| 4 | $37,984 | $7,424 | $45,408 |
| 5 | $44,980 | $10,935 | $55,915 |
| 6 | $51,976 | $15,206 | $67,182 |
| 7 | $58,972 | $20,291 | $79,263 |
| 8 | $65,968 | $26,250 | $92,218 |
| 9 | $72,964 | $33,146 | $106,110 |
| 10 | $79,960 | $41,045 | $121,005 |
| 11 | $86,956 | $50,021 | $136,977 |
| 12 | $93,952 | $60,152 | $154,104 |
| 13 | $100,948 | $71,521 | $172,469 |
| 14 | $107,944 | $84,218 | $192,162 |
| 15 | $114,940 | $98,338 | $213,278 |
| 16 | $121,936 | $113,985 | $235,921 |
| 17 | $128,932 | $131,269 | $260,201 |
| 18 | $135,928 | $150,308 | $286,236 |
| 19 | $142,924 | $171,229 | $314,153 |
| 20 | $149,920 | $194,168 | $344,088 |
| 21 | $156,916 | $219,271 | $376,187 |
| 22 | $163,912 | $246,694 | $410,606 |
| 23 | $170,908 | $276,606 | $447,514 |
| 24 | $177,904 | $309,185 | $487,089 |
| 25 | $184,900 | $344,626 | $529,526 |
| 26 | $191,896 | $383,134 | $575,030 |
| 27 | $198,892 | $424,932 | $623,824 |
| 28 | $205,888 | $470,257 | $676,145 |
| 29 | $212,884 | $519,365 | $732,249 |
| 30 | $219,880 | $572,528 | $792,408 |
About the Roth IRA Calculator
A Roth IRA is a retirement account with an unusual tax deal: you contribute money you have already paid income tax on, it grows for decades, and qualified withdrawals in retirement come out entirely tax-free. That makes it especially valuable if you expect to be in the same or a higher tax bracket later, or simply want a pool of money that the IRS can no longer touch. The contribution limit is capped — $7,000 a year in 2024 and 2025, or $8,000 if you are 50 or older — and eligibility phases out at higher incomes, so high earners may need a backdoor route. This projection assumes a steady annual return, but real markets are uneven, so treat the number as an illustration rather than a promise. Two features set the Roth apart from a Traditional IRA. Your contributions (though not the earnings) can be withdrawn at any time without tax or penalty, which gives it a flexibility other retirement accounts lack. And there are no required minimum distributions during the original owner's lifetime, so the balance can keep compounding untouched for as long as you like.
Frequently asked questions
How much can I contribute to a Roth IRA?+
For 2024 and 2025 the limit is $7,000 a year, or $8,000 if you are 50 or older. The limit applies across all your IRAs combined, and eligibility phases out above certain income levels.
Are Roth IRA withdrawals really tax-free?+
Qualified withdrawals are. Once you are 59½ and the account has been open at least five years, both contributions and earnings come out with no federal income tax. Your contributions can be withdrawn tax- and penalty-free at any age.
Roth IRA or Traditional IRA — which is better?+
A Roth is usually better if you expect a similar or higher tax rate in retirement, since you pay tax now and never again. A Traditional IRA gives a deduction today and taxes withdrawals later, favoring those who expect a lower future rate.
Does a Roth IRA have required minimum distributions?+
No. Unlike Traditional IRAs and 401(k)s, a Roth IRA has no required minimum distributions during the original owner's lifetime, so the money can keep growing tax-free as long as you leave it in.