Roth IRA Calculator – Tax-Free Retirement Balance
Calculate Roth IRA balance at retirement with tax-free compound growth.
📊 Finance📐 FV = PMT×[(1+r)^n-1]/r
Current age
Retirement age
Annual contribution ($)
Annual return (%)
Please enter valid values.
Formula & Reference
| Variable | Formula | Units |
|---|---|---|
| Roth IRA Calculator – Tax-Free Retirement Balance | FV = PMT×[(1+r)^n-1]/r | $ tax-free |
Step-by-Step Examples
Example 1
$7K/yr, 30to65, 7%
$7,000/year from 30 to 65 at 7%.
- 35 years: $1,016,505 tax-free | Contributed: $245,000
✓ $1,016,505 tax-free
Example 2
Late Start 40to65
$7K/yr, 25 years.
- $473,213 tax-free
✓ $473,213
Example 3
$6K/yr, 25to65
$6,000/year from 25 to 65.
- 40 years: $1,284,293
✓ $1,284,293
Real-World Applications
Young Earners
Maximize tax-free retirement wealth.
Savers
Roth grows and withdraws 100% tax-free.
Planners
Model Roth vs Traditional scenarios.
HR
Help employees choose account type.
Common Mistakes to Avoid
⚠️
Ignoring income limits
2024 phase-out: $146K+ single, $230K+ married. High earners use backdoor Roth.
⚠️
Withdrawing earnings early
Contributions (not earnings) can be withdrawn anytime. Earnings require age 59.5 and 5-year rule.
Frequently Asked Questions
Roth vs Traditional? ▾
Roth: pay taxes now, withdrawals tax-free. Traditional: deduct now, pay taxes at withdrawal. Roth wins if taxes higher in retirement.
2024 Roth limit? ▾
$7,000 under 50. $8,000 age 50+. Phase-out starts $146K single, $230K married.
What is backdoor Roth? ▾
Contribute to non-deductible Traditional IRA then convert. Avoids income limits. Consult a tax advisor.