Description:

Planning for retirement? Use our Roth IRA Calculator to estimate your Individual Retirement Account (IRA) balance at the time of retirement.

This interactive tool takes into account your starting balance, age, annual contribution amount, retirement age, expected rate of return, and your marginal tax rate.

How to Use:

1. Enter your starting balance (default is $0).
2. Provide your current age (default is 29).
3. Specify your annual contribution amount (default is $5,000).
4. Set your desired retirement age (default is 69).
5. Input the expected rate of return on your investment (default is 7%).
6. Enter your marginal tax rate (default is 25%).

Click the “Calculate” button to see the estimated IRA balance at your specified retirement age.

This tool is designed to help you make informed decisions about your retirement savings strategy.

Make sure to consult with a financial advisor for personalized advice based on your unique financial situation.