2024 Max Roth Ira Contribution Calculator. The roth ira contribution limit for 2024 is $7,000 for those under 50, and $8,000 for those 50 and older. 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.

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. The maximum amount you can contribute to a roth ira for 2024 is $7,000 (up from $6,500 in 2023) if you’re younger than age 50.