Pretax vs roth analyzer

Understand the potential growth and tax implications of two different types of retirement savings accounts so you can choose which one works best for you. Compare pretax accounts (where contributions are not taxed and retirement withdrawals are subject to income tax) and Roth accounts (where contributions are after tax but retirement withdrawals are tax free).

Projected total taxes paid for each account

Pretax account

$ 65,708

Roth account

$ 16,500

Taxes paid annually while contributing
Annual contributions

View distributing data

Taxes paid annually while distributing
Annual distributions

View contribution data

Current Age

55 years

Planned Retirement Age

70 years

Planned Years of Withdrawal

20 years

Current salary

Percent of salary you save annually for retirement

5 %

Expected Annual Rate of Return

8 %

Income Tax Rate after Retirement

Same

This calculator is for information purposes only and is not intended to provide investment, legal, tax or accounting advice, nor is it intended to indicate the performance, availability or applicability of any product or service. The accuracy of this and its applicability to your circumstances is not guaranteed. You may wish to consult an appropriate and qualified advisor about your unique situation. This calculator is provided by EVERFI. EVERFI is not affiliated with this site's sponsor, owner or any affiliate thereof. You should always consult with your financial planner, attorney and/or tax advisor as needed. Results and analyses are based exclusively on information provided by you and no assumptions are made as to your particular situation. Projection is hypothetical in nature and not predications or guarantees. All investments carry a degree of risk and past performance is not a guarantee of future results. Asset allocation and diversification do not ensure a profit and do not protect against loss in declining markets.