Calculator

Use this calculator to compute the amount you can save in a Roth IRA where you pay taxes on your income now, but withdraw the funds tax-free in retirement.

Because this is a Roth IRA, your contribution limit is after taxes and your effective contribution limit is higher than a Traditional IRA. This calculator allows you to enter your annual deposit amount in "Before Tax" dollars so that the after tax deposit amount is automatically computed for you.

	Annual deposit amount
	Deposit amount is
	Current tax rate
	Number of years to save
	Rate of return

Show amortization schedule

If you are in a 28.000 % tax bracket now, your after tax deposit amount would be $3,000.00. You will save $148,268.75 over 20 years.

Your actual qualifying contribution may differ significantly from the amounts listed above (for reasons such as income, filing status, employer benefits, and more). We strongly recommend that you consult your tax advisor before contributing to a retirement program.

Calculator tips

This calculator uses annual compounding. Annual deposits start today and the final withdrawal amount is available one year after the last deposit.

Qualifying contributions are usually limited as follows

Year	Annual Contribution Limit
2002 through 2004	$3,000 per individual
2005 through 2007	$4,000 per individual
2008 onward*	$5,000 per individual

* Beginning in 2009, the contribution limit will adjust annually for inflation in $500 increments

If you are age 50 or over, you may qualify for an additional catch-up contribution as follows

Year	Additional Catch-Up Contribution
2002 through 2005	$500 per individual
2006 onward	$1,000 per individual

The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

How much will my Roth IRA be worth at retirement?