Roth IRA Calculator

It uses yearly compounding. The current balance grows by the annual return rate, and the annual contribution is treated as a standard future value annuity added at the same rate.

Yes. The IRS sets a yearly Roth IRA contribution cap (commonly cited around $7,000, with a catch-up amount for those 50 and older), and high incomes can phase out eligibility. The calculator does not enforce the cap — confirm the current limit on the IRS website before relying on a number you enter.

Roth IRA contributions are made with money you have already paid income tax on, so qualified withdrawals in retirement are generally tax-free. This calculator does not subtract any taxes from the projected balance.