Roth IRA Calculator
This Roth IRA Calculator helps you estimate the future value of your retirement savings based on regular contributions and compounded investment growth.
Roth IRA Growth Estimator
Roth IRA Future Value Formula
Where:
- $$FV$$ = Future value of the Roth IRA account
- $$P$$ = Annual contribution amount
- $$r$$ = Annual interest rate (as decimal)
- $$n$$ = Number of years until retirement
Letβs say you contribute $6,000 per year for 30 years, with an average return of 7% annually. Calculation: The Roth IRA would grow to approximately $566,760.
Roth IRA β Calculation Example
A Roth IRA allows individuals to contribute after-tax income and withdraw tax-free in retirement. This calculator helps you project how your savings will grow over time, assuming consistent yearly contributions and compound interest. Ideal for long-term retirement planning.