Roth IRA vs Traditional IRA Calculator

Compare the long-term tax benefits of Roth vs Traditional IRA. See which retirement account type maximizes your after-tax wealth.

Your IRA Details

$

Modified Adjusted Gross Income

$

2024 limit: $7,000 ($8,000 if 50+)

%

💱 Roth Conversion Calculator

Calculate the tax cost of converting your Traditional IRA to a Roth IRA.

Conversion Details

$
$

⏰ The Power of Starting Early

See how starting to save just 10 years earlier can dramatically increase your retirement wealth.

🌱

Early Saver (Age 25)

Saves for 10 years, then stops

Years Contributing:10 years
Total Contributed:$70,000
Balance at 65:$602,070
🏃

Late Saver (Age 35)

Saves for 30 years continuously

Years Contributing:30 years
Total Contributed:$210,000
Balance at 65:$530,177
💡

Key Insight

The Early Saver contributes only $70,000 but ends up with $71,893 MORE than the Late Saver who contributed $210,000. That's the power of compound interest over time!

Disclaimer: This calculator provides estimates for educational purposes only. Tax laws are complex and subject to change. Consult with a tax professional or financial advisor for personalized guidance on IRA contributions and tax planning.