Roth IRA Calculator: How Much Will Your Roth Grow?
How much will a Roth IRA grow? This Roth IRA calculator estimates your balance at retirement and how much of it is tax-free growth. Enter your age, retirement age, current balance, yearly contribution and expected return.
Quick answer
Contributing $7,000 a year from age 30 to 65 at 7%, starting with $5,000, a Roth IRA could reach about $1,108,146. You would have put in $250,000; the rest, about $858,146, is growth that can be withdrawn tax-free if the rules are met.
How to use the Roth IRA calculator
- Current and retirement age: the years your money has to grow.
- Current Roth IRA balance: what you already have.
- Yearly contribution: up to the IRS limit for your age and income.
- Expected yearly return: a long-term average; test several.
Why starting age matters
| Start contributing $7,000 a year at | Years | You put in | Balance at 65 (7%) |
|---|---|---|---|
| 25 | 40 | $280,000 | $1,531,141 |
| 30 (with $5,000 already saved) | 35 | $250,000 | $1,108,146 |
| 40 | 25 | $175,000 | $472,542 |
Key Roth IRA rules
- Contributions are made with after-tax money; there is no tax deduction.
- Qualified withdrawals of earnings are tax-free, generally after age 59½ and once the account has been open at least 5 years.
- You can withdraw your own contributions (not earnings) at any time without tax or penalty.
- Income limits can reduce or eliminate how much you can contribute directly.
- The IRS sets the yearly contribution limit, with a higher limit from age 50. It was $7,000 for 2024 and 2025; check IRS.gov for the current year.
Unsure whether a Roth or a traditional IRA fits you better? See Roth IRA vs traditional IRA.
What this Roth IRA calculator means for you
- A Roth IRA is especially powerful when you start young, because decades of growth can come out tax-free.
- Even smaller yearly amounts add up: $3,000 a year still builds a large tax-free balance over 30+ years.
- Check the income limits and the current contribution limit each year.
Frequently asked questions
How much will my Roth IRA be worth?
It depends on contributions, time and returns. $7,000 a year for 40 years at 7% could reach about $1.5 million.
Is Roth IRA growth really tax-free?
Qualified withdrawals are tax-free under current rules, generally after 59½ with a 5-year account history.
Can I take money out of a Roth IRA early?
You can withdraw your contributions anytime. Withdrawing earnings early may trigger taxes and a 10% penalty, with some exceptions.
What is the Roth IRA contribution limit?
The IRS sets it each year. It was $7,000 for 2024 and 2025, plus $1,000 catch-up from age 50. Check IRS.gov for the current figure.
Can I have a Roth IRA and a 401(k)?
Yes. Many people use a 401(k) for the employer match and a Roth IRA for extra tax-free savings.
Related guides and calculators
- Roth IRA vs traditional IRA
- 401(k) growth calculator
- Retirement savings calculator
- Is interest on savings taxable?
Sources
This guide is for educational purposes only and is not financial advice. The figures are estimates before taxes, fees and inflation, and real rates, returns and rules change over time.
