Roeser Accountancy - Fresno Accountant, Business Valuation, & Financial Consultant

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, if the required holding period is met.

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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.

The information presented is of a general nature only and may omit details related to your particular circumstances, and accordingly cannot be regarded as legal or tax advice. Please contact the office to discuss how this information pertains to your specific financial or tax situation.