roth conversion calculator
Filing details
Estimated income
Retirement income is pensions, annuities and taxable IRA distributions. Do not include the Roth conversion or Social Security.
Enter a net loss with a minus sign.
Deductions
Roth conversion
Tax added by the Roth conversion
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How the tax is calculated
Income and deductions
Room for Roth conversions
Conversion breakeven
The annual withdrawal is the percentage of the converted account, including its growth, taken out each year from the starting age. The tax on outside savings growth is the yearly tax on earnings of the money that would otherwise pay the conversion tax; it is what lets a Roth catch up over time. At death the kids inherit what is left and withdraw it evenly over 10 years, paying their tax rate on the traditional IRA withdrawals and nothing on the Roth.
Compares converting now, with the tax paid from savings outside the IRA, against leaving the money in the traditional IRA and keeping those savings invested, through your lifetime and the 10 years your kids have to empty the inherited account.