Roth IRA Calculator

For 2026, you can contribute up to $7,000 to a Roth IRA if you're under age 50, or $8,000 if you're 50 or older (the $1,000 catch-up contribution). These limits apply per person per year and are shared across all your IRAs (Roth and Traditional combined).

For 2026, single filers can make the full Roth IRA contribution if their MAGI (Modified Adjusted Gross Income) is under $150,000. The contribution phases out between $150,000 and $165,000, and is eliminated above $165,000. For married filing jointly, the phase-out range is $236,000 to $246,000.

With a Traditional IRA, contributions may be tax-deductible (reducing your taxes now), but withdrawals in retirement are taxed as income. With a Roth IRA, contributions are made with after-tax money (no deduction), but all qualified withdrawals - including decades of investment growth - are completely tax-free. Roth IRAs also have no required minimum distributions.

If your income exceeds the Roth IRA limits, you can use the Backdoor Roth strategy: contribute to a Traditional IRA (non-deductible), then immediately convert it to a Roth IRA. This is legal and widely used. The conversion is most effective if you have no other Traditional IRA balances; otherwise, the pro-rata rule applies.

Yes - Roth IRA contributions (not earnings) can be withdrawn at any time, at any age, with no taxes and no penalties. Only the earnings (investment growth above your contributions) face restrictions: they must stay in the account until age 59½ and the account must be at least 5 years old to avoid tax and penalty.

Since Roth IRA growth is never taxed, you want to hold your highest-growth investments here. A popular approach: a total US stock market index fund (like VTI or VTSAX) for US exposure, plus a total international fund (like VXUS) for global diversification. Vanguard, Fidelity, and Charles Schwab all offer low-cost index funds with no minimum investment.