What is the Roth IRA contribution limit for 2024?

For 2024, the Roth IRA contribution limit is $7,000 for those under age 50, and $8,000 for those 50 and older (catch-up contribution).

How is Roth IRA growth calculated?

Roth IRA growth uses compound interest: FV = P × (1 + r)^n + C × [((1 + r)^n − 1) / r], where P is the starting balance, C is annual contribution, r is annual return rate, and n is years to retirement.

Can I withdraw from a Roth IRA early?

You can withdraw your contributions (not earnings) from a Roth IRA at any time without penalty. However, withdrawing earnings before age 59½ may incur taxes and a 10% penalty.

What is a good expected annual return for a Roth IRA?

The stock market has historically averaged around 7–10% annually. A conservative estimate of 6–7% is often used for retirement planning to account for market variability.

Calculate Your Roth IRA
Retirement Savings

Q: What is a Roth IRA?

A Roth IRA is an individual retirement account funded with after-tax dollars. Your investments grow tax-free and qualified withdrawals in retirement are also tax-free.

See exactly how much your Roth IRA could grow by retirement. Enter your details and get an instant projection with an interactive chart.

Start Calculating

$7,500 2024 Contribution Limit (Under 50)

$8,600 Catch-Up Limit (Age 50+)

7–10% Historical Avg. Annual Return

100% Tax-Free at Retirement

Roth IRA Growth Calculator

Fill in your details below and click Calculate to see your personalized projection.

Your Information

Current Age

Retirement Age

Current Roth IRA Balance ($)

Annual Contribution ($)

Expected Annual Return (%)

Annual Income ($)

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Your Projected Results

Final Balance at Retirement –

Total Amount Invested –

Total Interest Earned –

Investment Period –

Your results will appear here

Fill in your details and click Calculate to see your Roth IRA projection.

How It Works

Three simple steps to understand your retirement future.

Enter Your Details

Input your current age, retirement goal, existing IRA balance, and planned annual contributions.

Set Your Return Rate

Choose an expected annual return. The historical stock market average is 7–10% annually.

View Your Projection

Instantly see your projected balance, total invested, and interest earned with a visual growth chart.

Frequently Asked Questions

Everything you need to know about Roth IRAs.

What is a Roth IRA?

A Roth IRA (Individual Retirement Account) is a tax-advantaged retirement savings account funded with after-tax dollars. Your investments grow tax-free, and qualified withdrawals in retirement are entirely tax-free — making it a powerful tool for long-term wealth building.

What is the 2024 Roth IRA contribution limit?

For 2024, the Roth IRA contribution limit is $7,000 for individuals under 50 and $8,000 for those 50 and older (the extra $1,000 is a "catch-up" contribution). Income limits also apply — consult the IRS website for current phase-out ranges.

How is the growth calculated?

Our calculator uses the compound interest formula: FV = P × (1 + r)^n + C × [((1 + r)^n − 1) / r], where P is current balance, C is annual contribution, r is the annual return rate (as a decimal), and n is years to retirement.

Can I withdraw from my Roth IRA early?

Yes — you can withdraw your contributions at any time without taxes or penalty (since you've already paid tax on them). However, withdrawing earnings before age 59½ typically incurs income taxes and a 10% early withdrawal penalty, with some exceptions.

What annual return rate should I use?

The S&P 500 has historically returned about 10% annually before inflation, or roughly 7% after inflation. Financial planners commonly use 6–8% for conservative projections. The "right" rate depends on your investment mix (stocks vs. bonds) and risk tolerance.