IRA Calculator
Calculate your retirement savings growth with Traditional and Roth IRAs. Compare tax advantages, estimate future values, and plan your retirement strategy.
Step 1: Personal & IRA Information
years
years
$
$
$6,000
IRA Contribution Limits
2023-2024: $6,500 ($7,500 if age 50+). Traditional IRA contributions may be tax-deductible. Roth IRA contributions are made with after-tax dollars but grow tax-free.
Step 2: Investment Assumptions
$
%
7%
%
22%
%
Investment Considerations
Historical average stock market returns: 7-10% annually. Traditional IRA: Tax-deferred growth, taxed at withdrawal. Roth IRA: After-tax contributions, tax-free growth and withdrawals.
IRA Retirement Projections
Retirement Summary
IRA Comparison
Year-by-Year Growth
Projected IRA Balance at Retirement
$656,494
Traditional IRA: Age 35 to 65
Total Contributions
$180,000
Investment Growth
$476,494
Tax Savings (Traditional)
$39,600
After-Tax Value
$558,020
Traditional vs Roth IRA Comparison
| Feature | Traditional IRA | Roth IRA | Recommendation |
|---|
Year-by-Year Growth Projection
| Year | Age | Contribution | Balance | Growth |
|---|
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