Roth IRA Savings Calculator
Creating a Roth IRA can make a big difference in your retirement savings. There is no tax deduction for contributions made to a Roth IRA, however all future earnings are sheltered from taxes. The tax shield is better than a Variable Annuity or a Traditional IRA that only provide tax deferred growth. The Roth IRA provides truly tax-free growth.
Definitions
| Current age: | Your current age. |
| Annual contribution: | The amount you will contribute to your Roth IRA each year. |
| Expected rate of return: | The annual percent you expect to earn on your investment. |
| Age of retirement: | Age you desire to retire. |
| Marginal tax rate: | The marginal tax rate you expect to pay on your taxable investments. |
| Years until retirement: | Number of years before retirement. |
| Roth total at retirement: | Total value in your ROTH IRA at your retirement. |
| Total taxable savings: | The total amount you would have accumulated by retirement in a taxable savings account. |