Roth IRA Calculator
Calculate Roth IRA growth and retirement savings.
Roth IRA Calculator
Calculate Roth IRA growth and retirement savings.
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Calculate
recommendations.standardRetirement: 65-67
$
$
2024 common.limit: $7,000 (<50) / $8,000 (50+)
%
recommendations.historicalAverage: 7-10%
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2024 Contribution Limits
$7,000
Under 50
content.standardContributionLimit
$8,000
50 or Older
content.catchUpContribution
content.incomeLimits2024
content.incomeLimitsDesc
| common.filingStatus | common.magi | common.eligibility |
|---|---|---|
| common.single | common.upTo $146,000 | common.full |
| $146,000 - $161,000 | common.partial | |
| common.above $161,000 | common.none | |
| common.marriedJoint | common.upTo $230,000 | common.full |
| $230,000 - $240,000 | common.partial | |
| common.above $240,000 | common.none |
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content.rothIraBenefits
benefits.taxFreeGrowth
benefits.taxFreeGrowthDesc
benefits.noRmds
benefits.noRmdsDesc
benefits.flexibility
benefits.flexibilityDesc
content.rothVsTraditional
| Feature | common.rothIra | common.traditionalIra |
|---|---|---|
| comparison.taxDeduction | No | Yes |
| comparison.taxFreeWithdrawals | Yes | No |
| comparison.rmdsRequired | No | common.yesAt73 |
| comparison.incomeLimits | Yes | No |
| comparison.contributionWithdrawal | common.anytime | common.penaltyBefore59 |
Frequently Asked Questions
Frequently Asked Questions
faq.canContributeToBoth
faq.canContributeToBothAnswer
faq.withdrawalPenalties
faq.withdrawalPenaltiesAnswer
faq.howToOpenRothIra
faq.howToOpenRothIraAnswer
faq.exceedIncomeLimits
faq.exceedIncomeLimitsAnswer
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