Roth IRA Conversion Calculator

The Roth IRA Conversion Calculator shows you whether it might be worth converting your Traditional IRA to a Roth IRA. It is for directional purposes only. The calculator takes into account whether you pay your conversion taxes out of IRA proceeds or pull them from other sources.

The results shown are

  • A Traditional deductible IRA
  • Result of conversion to a Roth IRA (with taxes paid with funds from the IRA distribution)
  • Result of conversion to a Roth IRA (with taxes paid with funds obtained outside of the IRA distributions)

Keep in mind, withdrawals from a deductible IRA will be subject to taxes based on your tax rate at the time of the withdrawal.

There are many considerations around a Roth conversion. Running the numbers is one. You should consult with your tax advisor to determine if a Roth IRA conversion is right for you.

*Estimated results do not include a yearly IRA contribution.

Roth IRA Conversion Calculator

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The calculators are provided by one or more third-party service providers not affiliated with Bank of America or any of its affiliates. On calculators which require you to select an anticipated investment return, consideration should be given to factors affecting your potential return such as investment objectives, risk tolerance, and the time horizon for the investment. Remember, past performance is no guarantee of future results. The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed. This calculator is not intended to offer any tax, legal, financial, or investment advice and does not assure the availability of or your eligibility for any specific product offered by Bank of America, its affiliates, or any other institution, nor does this calculator predict or guarantee the actual results of any investment product. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator. Neither Bank of America nor any of its affiliates offer or provide any investment advice or opinion regarding the nature, potential, value, suitability, or profitability of any particular investment or investment strategy discussed therein. You shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. Please consult with qualified professionals to discuss your situation.