Roth IRA Calculator

Shawn Plummer

CEO, The Annuity Expert

Roth IRA Calculator For Saving

Our Roth IRA Calculator is an essential tool for individuals aiming to navigate the complexities of retirement planning. By harnessing the power of compound interest, this calculator provides a clear insight into the potential growth of your investment over time. Users can easily adjust their contribution amounts to visualize how different scenarios impact their financial future. With this calculator (formatted for 2023), making informed decisions about your Roth IRA investment has never been more straightforward.

Roth IRA Calculator For Income

As individuals approach the pivotal phase of nearing retirement, our Roth IRA Withdrawal Calculator stands out as an indispensable resource. This tool assists users in determining the guaranteed distribution amounts from their Roth IRA by utilizing annuities, ensuring they maximize their retirement benefits. By incorporating annuities into the equation, the calculator offers insights into how one can transform their savings into retirement income guaranteed for life.

Note: You can purchase an annuity (with no tax penalties) with your 401k, IRAs, retirement accounts, taxable investments, and cash.

Roth Ira Calculator

Roth IRA Withdrawal Comparison

The table below compares withdrawals from Roth IRA accounts with other taxable savings accounts.

FeaturesAnnuity401kIRARoth IRA
Withdrawal Percentage5.20% – 6.55%4%4%4%
Can Income Increase?YesYesYesYes
Can Income Decrease?NoYesYesYes
How Long Will Money Last?Lifetime30 Years+30 Years+30 Years+
Annual Fees0 – 1.50%1% – 4%1% – 4%1% – 4%
TaxationTaxable/Tax-FreeTaxableTaxableTax-Free
Death BenefitAccount BalanceAccount BalanceAccount BalanceAccount Balance

Example: A 60-year-old retiree starts withdrawing immediately from their $1 million portfolio, they would receive:

  • Annuity: Between $52,000 and $61,000
  • 401k: $40,000
  • IRA: $40,000
  • Roth IRA: $40,000
Roth Ira Withdrawal Calculator

Next Steps

In conclusion, managing your Roth IRA becomes a seamless task with the right tools. The Roth IRA Calculator offers clarity on the growth of your savings, and the Roth IRA Withdrawal Calculator ensures you utilize those funds optimally in retirement. These tools collectively simplify and enhance the retirement planning process. With just a few clicks, you can see how much income you can withdraw from your IRA accounts each year and what steps you need to take to ensure a comfortable retirement.

Roth IRA Quotes

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed insurance agent and annuity broker with over a decade of first-hand experience. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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