Roth IRA Calculator 2026

Calculate how your Roth IRA contributions grow over time. All withdrawals in retirement are completely tax-free.

Roth IRA Calculator

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Future Value (Tax-Free)

$737,348.05

All withdrawals are tax-free in retirement

Total Contributions

$220,000.00

Total Earnings

$517,348.05

Monthly Tax-Free Income

$2,457.83

How Calculated

Starting Balance$10,000.00
Annual Contribution$7,000.00
Years Contributing30 years
Growth Rate7.0%
Tips
  • • 2026 contribution limit is $7,000 ($8,000 if age 50+)
  • • Income limits apply: phase-out starts at $146k single, $230k married

Related Calculators

Traditional IRA
Retirement
401(k)
Savings

How Roth IRA Works

A Roth IRA allows you to contribute after-tax money and withdraw it tax-free in retirement. Unlike traditional IRAs, you pay taxes upfront but enjoy tax-free growth and withdrawals later. This makes Roth IRAs ideal for those who expect to be in a higher tax bracket in retirement.

2026 Roth IRA Contribution Limits

  • Under age 50: $7,000 annual contribution limit
  • Age 50 or older: $8,000 annual contribution limit (catch-up)
  • Income phase-out (single): Begins at $146,000, ends at $161,000
  • Income phase-out (married filing jointly): Begins at $230,000, ends at $240,000

Roth IRA Advantages

  • Tax-free withdrawals: All contributions and earnings can be withdrawn tax-free in retirement
  • No RMDs: No required minimum distributions during your lifetime
  • Contributions accessible: You can withdraw contributions (not earnings) anytime without penalty
  • Estate planning: Pass tax-free assets to heirs

Frequently Asked Questions About Roth IRA

Traditional IRA contributions may be tax-deductible now, but withdrawals are taxed in retirement. Roth IRA contributions are made with after-tax dollars, but all withdrawals in retirement are tax-free.
Yes, you can contribute to both, but your total contributions can't exceed the annual limit ($7,000 in 2026, or $8,000 if 50+).
You can withdraw contributions anytime tax and penalty-free. Earnings can be withdrawn tax-free after age 59½ if the account has been open for at least 5 years.
Consider a 'backdoor Roth IRA' - contribute to a Traditional IRA (non-deductible) and convert to Roth. Or use a Roth 401(k) if your employer offers one.