See how a Roth IRA grows when every dollar of qualified withdrawal in retirement is tax-free, the defining advantage of the Roth.
How it works
- Type your current age and target retirement age.
- Input your current balance and planned annual contributions.
- See your projected tax-free growth output based on expected returns.
Frequently asked questions
Roth vs Traditional IRA?
Roth: pay tax now, withdraw tax-free later, best if you expect higher future tax rates. Traditional defers tax until withdrawal.
What are the contribution limits?
The IRS sets an annual limit (higher if you are 50 plus) and phases eligibility out at higher incomes. Check the current year figures.
Can I withdraw contributions early?
Your own contributions (not earnings) can generally be withdrawn anytime tax and penalty-free, a Roth flexibility perk.