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Roth IRA Calculator by RothIRA.com

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Target yearly retirement income:

Current age: Retirement age: Years in retirement:

Interest rate during retirement (yearly): Average interest rate (yearly):

Marginal tax rate:

First thing first, $24,000.00 today is equal to approx $62,831.13 after 30 years at 3.26% inflation. If we want to pull out $5,235.93 every month after retirement, we need $569,039.33 in our account by retirement age. That means a monthly contribution of $381.81 for Roth or $485.15 for traditional savings.