IRA Retirement Calculator 💰

Compare Traditional IRA, Roth IRA, and Taxable Savings accounts

Select Currency: US Dollar ($) Euro (€) British Pound (£) Japanese Yen (¥) Indian Rupee (₹)

Current Age ℹ️Your current age in years

Retirement Age ℹ️Age at which you plan to retire

Current IRA Balance ℹ️Amount already saved in your IRA

Annual Contribution ℹ️Amount you contribute each year (before tax for Traditional IRA)

Expected Annual Return (%) ℹ️Expected average annual return on investments

Current Tax Rate (%) ℹ️Your current marginal tax rate

Retirement Tax Rate (%) ℹ️Expected tax rate during retirement

Your IRA Projection Results

Traditional IRA

Before-tax balance

After-tax balance

Roth IRA

After-tax balance

Tax savings

Taxable Account

After-tax balance

Taxes paid

A Traditional IRA account can accumulate $XX,XXX more after-tax balance than a Roth IRA account at retirement.

Annual Growth Projection

Age	Traditional IRA (Before Tax)	Traditional IRA (After Tax)	Roth IRA	Taxable Account

This IRA calculator compares three retirement savings approaches:

Traditional IRA

Contributions are tax-deductible now, but withdrawals are taxed in retirement. Ideal if you expect to be in a lower tax bracket during retirement.

Example: $7,000 contribution reduces current taxable income by $7,000. Withdrawals taxed at retirement rate.

Roth IRA

Contributions are made with after-tax dollars, but withdrawals are tax-free in retirement. Ideal if you expect to be in a higher tax bracket during retirement.

Example: Pay taxes now on $7,000 contribution, but all growth is tax-free.

Taxable Account

No special tax treatment. Contributions are made with after-tax dollars, and investment gains are taxed annually.

Example: Pay taxes now on contributions and each year on dividends/capital gains.

Note: This calculator assumes consistent contributions and returns. Actual results may vary based on tax law changes and market conditions.