RETIREMENT TOOLS Traditional to Roth IRA conversion
This calculator compares the estimated future value of Traditional IRA assets with the estimated future value of those assets after being converted to a Roth IRA. Converting to a Roth IRA may help you manage your potential tax consequences as you plan for retirement.
Ready to invest in a J.P. Morgan IRA? Get started.
Frequently Asked Questions
Please note: this isn’t a projection of performance, but a calculation based on the inputs above and the assumptions outlined below. It’s not a guarantee or representation of future performance.
To calculate the potential future value of your Traditional IRA, we consider your starting account balance/amount to convert, credit your earnings at the annual rate of return over the number of years between your current age and your targeted retirement age and then adjust your Traditional IRA account for deferred-taxes on the starting account balance plus earnings, to show the future value of your account in after-tax dollars, at the year of retirement. For example, assuming you have a starting account balance/amount to convert of $10,000, over a 20-year span until retirement and the defaulted rates, the after-tax future value of your Traditional IRA at the time of your retirement is $19,282.
To calculate the potential future value of your Converted Roth IRA, we subtract owed taxes on the entire starting account balance/amount to convert at the current tax rate, credit your earnings at the annual rate of return over the number of years between your current age and your targeted retirement age, to show the future value of your account in after-tax dollars, at the year of retirement.
There are some key factors that determine what account type(s) you might be eligible for, and which may be the right fit for you. Learn more (PDF) about these factors in our account type comparison guide. You should connect with a tax or legal professional before making a decision.
Start planning for retirement
Traditional IRA
Your contributions may be tax-deductible. Your earnings, if any, are tax-deferred and will be included in your taxable income at the time of withdrawal.
Roth IRA
Your contributions are not tax-deductible. Your earnings, if any, are tax-deferred and may be withdrawn tax-free if certain conditions are met.
Discover how you can prepare for retirement
Retirement calculators
Knowing where you are today is an important step toward planning for your future. Run your numbers with our calculators to see how your current plan is working toward your goals.
Retirement calculators
Knowing where you are today is an important step toward planning for your future. Run your numbers with our calculators to see how your current plan is working toward your goals.
Plan for retirement
Whatever you’re looking forward to—more time with family, traveling or pursuing your passions—we can can help you prepare for what comes next.
Plan for retirement
Whatever you’re looking forward to—more time with family, traveling or pursuing your passions—we can can help you prepare for what comes next.
Sharpen your knowledge with the latest news and market commentary on retirement
Tap into the latest news and subscribe for market commentary and analysis from J.P. Morgan specialists to help you plan your investment strategy for retirement.
