Helps you decide if you should convert funds from a Traditional IRA to a Roth IRA by comparing your current tax bracket against your expected tax bracket in retirement.
Roth Conversion Calculator
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How to Use This Calculator
Enter the amount to convert, your current marginal tax rate, and your expected future tax rate.
Frequently Asked Questions
When is a Roth Conversion a good idea?
It is generally a good idea if you expect your tax rate to be higher in retirement than it is right now.
What does the Roth Conversion Calculator do?
The Roth Conversion Calculator compares paying taxes *now* (Roth) versus paying taxes *later* (Traditional) to see which yields a higher net future value.
When does the Roth Conversion Calculator recommend converting?
The Roth Conversion Calculator will mathematically favor converting if you expect your future tax rate in retirement to be higher than your current rate.
Does the Roth Conversion Calculator account for state taxes?
You should enter your combined marginal (Federal + State) tax rate into the Roth Conversion Calculator for the most accurate result.
Should I pay the conversion tax from the account balance?
The Roth Conversion Calculator assumes you pay the conversion tax out-of-pocket from cash savings, which is the mathematically optimal strategy.