This Roth IRA funds calculator allows you to figure out how much retirement income you can expect from your Roth IRA account. Based on your current age and age at retirement, the calculator can estimate your total fund balance at retirement, and an annual income stream from that fund.
Roth IRA or 401k? This template will answer your questions.
With this template, you will get:
All DFY, simply add your details
Charts for comparison and clear answer
Easily update for any year (2023, 2024, 2025, etc…)
Calculator Definitions
The variables used in our online calculator are defined in detail below, including how to interpret the results.
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.
Your Current Age (Years)
This is your current age in years.
Expected Retirement Age (Years)
This is your expected retirement age.
Life Expectancy (Years)
This is your life expectancy when you reach your estimated retirement age. Many people mistakenly believe that life expectancies are in the range of 75 years of age. However, that figure applies only at birth. For example, at age 65, the average life expectancy is 83 years of age.
Current Amount in Roth IRA Fund ($)
If you currently have a Roth IRA fund, then enter that amount here. If you have not yet opened an account, then you can simply enter zero.
Annual Contribution to Roth IRA ($)
This is how much you'd like to contribute to your Roth IRA account each year. By increasing or decreasing your annual contribution, you can see the impact on your Roth IRA fund balance at retirement.
Expected Annual Return on Fund (%)
This is the annual rate of return you expect to realize on this fund between now and your expected retirement age. Once again, by increasing or decreasing the expected annual return, you can see the impact on your fund's balance.
Roth IRA Fund Balance at Retirement ($)
This is the expected balance you will have in your Roth IRA account at retirement, if you make the annual contributions to the fund each year, and the expected annual return is achieved.
Annual Income from Roth IRA ($ / Year)
This is the annual income you can expect to receive from your Roth IRA account. Keep in mind that withdrawals from Roth IRA accounts are free from federal income taxes.
Roth IRA Funds Calculator
Note: Make sure to visit our article on the disadvantages of a Roth IRA before making any decisions.
.jpg)
.jpg)
.jpg)
