Roth vs. Traditional IRA calculator

Choosing between a Roth vs. Traditional IRA depends on your income level and financial goals. Our Roth vs. Traditional IRA Calculator can help you decide.

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Enter a few step-by-step details in our Roth vs. Traditional IRA Calculator to see which type of retirement account may be right for you and how much you can contribute. Compare estimated future values over time, too.

Common questions

Roth vs. Traditional IRA—which is best suited for me and my retirement goals?: The right IRA for you depends on many factors, such as your income level, what other retirement accounts you may have, and your age. Generally speaking, a Roth IRA is best suited for those who expect to be in a higher tax bracket when they start taking withdrawals, and a Traditional IRA is best suited for those who expect to be in the same or lower tax bracket when they start taking withdrawals. See our Roth vs. Traditional IRA infographic to help you compare other main differences and determine which is right for your retirement goals.
What should I consider when choosing an IRA type?: When comparing a Roth vs. Traditional IRA, consider whether it makes more financial sense to enjoy tax-free withdrawals in the future with a Roth IRA, or take advantage of potential tax benefits today with a Traditional IRA. Keep in mind that while there are no income limitations to contribute to a Traditional IRA, you are not eligible for a Roth IRA if your income level is too high. Learn more about the differences between a Roth vs. Traditional IRA, or call us at 866-855-5636 for help.

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Call 866-855-5636 or open a Schwab IRA today.

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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Roth vs. Traditional IRA calculator

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