Download Roth IRA Calculator Excel Template

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In this article, we will discuss Roth IRA Calculator. This calculator helps you decide the amount of contribution you need to put in Roth IRA to achieve your retirement goals.

As we all know, IRA stands for Individual Retirement Account.

ROTH Conversion

A Roth IRA is another type of individual retirement account. Investing in Roth IRA is quiet different from Traditional IRA.

In Roth IRA, you are not entitle to tax deduction in contribution year, whereas in traditional IRA you are entitle to tax deductions in contribution year.

ROTH IRA 2021

You get no tax benefit but your earnings and withdrawals during retirement are tax-free.

We have created a ready Roth IRA Calculator in Excel with predefine formulas. You just need to input your contribution years, contribution amount and few other details. It will automatically calculate the results. Roth IRA Calculator helps to set your retirement goals and choose amount you need to invest for achieving them.

Contents of Roth IRA Calculator

Similar to Traditional IRA Calculator, this calculator also consists of 3 sections:

  1. Header Section
  2. Input Section
  3. Output Section

The difference is only in contribution amount. As your contribution amount is taxed, the actual amount contributed is less for Roth IRA.

1. Header Section

The header section of the heading sheet ” Roth IRA Calculator”.

If you are an advisory company, you can use this by putting your logo and company name on top.

2. Input Section

All the headings in the section are same as Traditional IRA. In other words, you need to provide same details as in the case of Traditional IRA.

Tax Bracket: Moreover, Under this heading, there are two subheads. First is your current tax bracket and second is tax bracket at the time of retirement.

Years: However, Here you have to enter the number of years you are planning to contribute and the number of years you want for withdrawals.

Yearly Contributions: Subsequently Yearly contributions means the amount you will invest in yearly basis.

Yearly Rate of Return: As per your retirement goal you need to choose investment plan. Different plans have a different yearly rate of return.

3. Output Section

Output section will display the results in respective cells according to amounts, years and rate of return enter in the input section.

Yearly Contributions: As the contributions aren’t tax-free in Roth IRA, tax applicable during the contribution will deduct from this amount.

Value At Retirement: It is total amount you will have the time of retirement.

To use this free Excel Template, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets. 

After installing Excel or Spreadsheet, download the xlsx file of this template to use it

Once extracted, you can open the file using Excel and start entering data or customizing the template.

Click The Button Below To Download Roth IRA Calculator Excel Template

Instruction :

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