Roth IRA Calculator
Find your 2026 Roth IRA contribution limit for your income and see how your savings could grow tax-free.
Why a Roth IRA
You contribute money you have already paid tax on. In return, the growth and the qualified withdrawals in retirement are tax-free. There are no required minimum distributions for the original owner.
2026 contribution rules
- The limit is $7,500, or $8,600 if you are 50 or older.
- You need earned income at least equal to what you contribute.
- Income limits phase the limit out between $153,000 and $168,000 for single filers and $242,000 and $252,000 for joint filers.
Example
A single filer with a modified adjusted gross income of $160,000 sits about halfway through the phase-out range, so the limit drops to about $4,000. In the growth tab, $7,500 a year for 25 years at 7%, starting from $20,000, grows to about $583,000.
Those with income above the limit sometimes use a “backdoor” conversion, which has its own rules. Speak with a tax adviser before you rely on it.
Roth IRA income limits for 2026
You can contribute the full $7,500 ($8,600 if you are 50 or older) if your modified adjusted gross income (MAGI) is below the start of the phase-out range. Within the range your limit is reduced, and above it you cannot contribute directly.
- Single or head of household: $153,000 to $168,000
- Married filing jointly: $242,000 to $252,000
- Married filing separately (lived with spouse): $0 to $10,000
| Filing status | MAGI | You can contribute up to |
|---|---|---|
| Single | $150,000 | $7,500 |
| Single | $160,000 | $4,000 |
| Single | $170,000 | $0 |
| Married filing jointly | $245,000 | $5,250 |
| Married filing jointly | $255,000 | $0 |
How Roth IRA withdrawals work
- You can withdraw your own contributions at any time without tax or penalty.
- You can withdraw earnings tax-free after age 59½, as long as the account has been open for at least 5 years.
- The original owner has no required minimum distributions.
You also need earned income at least equal to your contribution. Higher earners sometimes use a "backdoor" Roth conversion, which has tax rules of its own, so speak with a tax adviser first.
Next steps: IRA Calculator (Traditional vs Roth), 401(k) Calculator, RMD Calculator (Required Minimum Distribution).
Frequently asked questions
What is the Roth IRA contribution limit for 2026?
$7,500, or $8,600 if you are 50 or older, subject to the income phase-out.
Can I have a Roth IRA and a 401(k)?
Yes. The limits are separate, though the Roth IRA's income limits still apply to you.
What counts as MAGI?
Modified adjusted gross income is your adjusted gross income with certain deductions added back. The worksheet in the IRS instructions shows it.
What happens if I contribute too much?
The excess is taxed at 6% each year it stays in the account, so withdraw it before the tax deadline.
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