Roth IRA Calculator
Compare Roth IRA vs Traditional IRA to see which retirement account works better for your tax situation.
Recommendation
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Roth IRA Balance
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Roth After-Tax Value
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Traditional IRA Balance
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Traditional After-Tax Value
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Difference
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Roth vs Traditional IRA
| Feature | Roth IRA | Traditional IRA |
|---|---|---|
| Tax on Contributions | Taxed (after-tax dollars) | Tax-deductible |
| Tax on Withdrawals | Tax-free | Taxed as income |
| Best If | Tax rate rises in retirement | Tax rate drops in retirement |
| Required Min. Distributions | None | Required at age 73 |
Frequently Asked Questions
Which is better, Roth or Traditional?
If you expect your tax rate to be higher in retirement, Roth is better (pay taxes now at a lower rate). If you expect your tax rate to be lower in retirement, Traditional is better (defer taxes to when your rate is lower).