Project tax-free Roth IRA retirement growth and estimated tax savings.
Future value = current balance compounded at the assumed return plus the future value of annual contributions.
$10,000 plus $6,000/year at 7% for 30 years grows to about $670,000, all tax-free at withdrawal.
Contributions are made with after-tax dollars, and qualified withdrawals in retirement are tax-free, so investment growth is never taxed.
Yes. The IRS sets annual contribution limits and income phase-outs. This calculator does not enforce them, so check current rules.
Yes. You can withdraw your own contributions (but not earnings) at any time without tax or penalty, subject to rules.
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