Roth IRA Conversion Calculator

Does converting to a Roth IRA make sense for you? We'll walk you through the important considerations before initiating a Roth IRA conversion.

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Use our Roth IRA Conversion Calculator

Use our Roth IRA Conversion Calculator to compare the estimated future values of keeping your Traditional IRA vs. converting it to a Roth. See an estimate of the taxes you'd owe if you convert, too.

Why consider a Roth IRA conversion?

Converting to a Roth IRA may ultimately help you save money on income taxes. For instance, if you expect your income level to be lower in a particular year but increase again in later years, you can initiate a Roth conversion to capitalize on the lower income tax year and then let that money grow tax-free in your Roth IRA account. See if a Roth IRA conversion is right for your own financial situation.

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This tax information is not intended

This tax information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends that you consult with a qualified tax advisor, CPA, financial planner, or investment manager. Depending on the type of account you have, there are different rules for withdrawals, penalties, and distributions.  Please understand these before opening your account.


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