Converting a Traditional IRA to a Roth IRA is a big decision. If done correctly, it can lead to a more tax efficient portfolio. But it often means paying taxes today, and that isn’t always the optimal strategy.
How To Use This Calculator
- This calculator will calculate the expected future after tax values of your IRA in two scenarios: one where you convert to a Roth today and one where you don’t.
- You must enter your expected returns, tax rates, time horizon, and other assumptions.
- This calculator makes several simplifying assumptions: that you make all your withdrawals and pay all your taxes in retirement at once, that Roth IRAs won’t become taxable in the future, etc.
Download This Calculator
- Open this calculator in Google Sheets
- To download this calculator as an Excel spreadsheet file, click here and then select File > Download > Microsoft Excel (.xlsx)
Share This Calculator On Your Website
You are free to use this tool on your website. Simply copy and paste the HTML code below. You must include attribution and links to WealthChannel.com.
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<p><a href="https://wealthchannel.com/tools/ira-conversion/">IRA Conversion Calculator</a> created by <a href="https://wealthchannel.com/">WealthChannel.com</a></p>