How Much Contribute To Roth Ira 2024 Calculator. Roth ira calculator helps you to determine the contribution amount you are eligible to make to a roth account and the returns for you to achieve your retirement goals. For those aged 50 and above, the limit is $8,000.

If you file taxes as a single person, your modified adjusted gross income (magi) must be under $153,000 for tax year 2023 and $161,000 for tax year 2024 to contribute to a roth ira, and if you’re married and file. Use nerdwallet’s free roth ira calculator to estimate your balance at retirement and calculate how much you are eligible to contribute to a roth ira.