How to Use the 401k and Roth IRA Calculator

Using the 401k and Roth IRA calculator is simple. Enter your current age, retirement age, current savings, and expected annual contribution. The calculator will show your potential savings at retirement.

401k and Roth IRA Calculator

Planning for retirement can be confusing, especially when considering options like 401k or Roth IRA. Our 401k vs Roth IRA calculator helps you compare the benefits of each. Whether you are deciding between a 401k Roth IRA calculator or simply exploring your options, this tool offers valuable insights.

FAQ

What is the difference between a 401k and a Roth IRA?

A 401k is a retirement savings plan sponsored by an employer, while a Roth IRA is an individual retirement account you can open on your own.

Can I contribute to both a 401k and a Roth IRA?

Yes, you can contribute to both as long as you meet the income eligibility requirements for a Roth IRA.

How does the calculator determine my potential savings?

The calculator uses your inputs for age, savings, and contributions to estimate your retirement savings growth over time.