Roth IRA Calculator

Calculate your tax-free retirement savings with a Roth IRA. See how your contributions grow over time.

2025 limit: $7,000 ($8,000 if 50+)
Optional: increase contributions with raises

Frequently Asked Questions

What is a Roth IRA?

A Roth IRA is a retirement account where you contribute after-tax dollars, but all withdrawals in retirement are tax-free. Unlike traditional IRAs, you pay taxes now but enjoy tax-free growth and withdrawals later.

What is the Roth IRA contribution limit for 2025?

For 2025, the Roth IRA contribution limit is $7,000 per year ($8,000 if you're 50 or older with catch-up contributions). Income limits apply: phase-out begins at $146,000 (single) or $230,000 (married filing jointly).

Can I withdraw from my Roth IRA before retirement?

You can withdraw your contributions (not earnings) anytime tax-free and penalty-free. To withdraw earnings tax-free, you must be 59½ and have held the account for at least 5 years.

Roth IRA vs Traditional IRA: which is better?

Roth IRA is better if you expect to be in a higher tax bracket in retirement or want tax-free withdrawals. Traditional IRA is better if you want a tax deduction now and expect lower taxes in retirement.