IRA Calculator

Estimate IRA growth to retirement.

Enter your numbers and press Calculate.

About the IRA Calculator

An IRA is an individual retirement account opened at a brokerage, separate from any employer plan. Traditional IRA contributions may be tax-deductible with taxes paid on withdrawal; Roth IRA contributions are made after tax, with qualified withdrawals tax-free.

This calculator projects an IRA balance from annual contributions, an assumed return, and a time horizon. It does not determine your deduction eligibility or contribution limit, which depend on income and current tax rules.

How this works

FV = B(1+r)ⁿ + C·[((1+r)ⁿ − 1)/r]

Assumptions

Contributions are spread evenly through the year.
Returns are a fixed average.
Contribution limits may change; this is an estimate.

Frequently asked questions

Traditional or Roth — what is the core difference?

When you pay tax. Traditional defers tax to retirement; Roth pays tax now so qualified withdrawals later are tax-free.

Can I contribute to both an IRA and a 401(k)?

Generally yes, though the tax deduction for a traditional IRA may be limited if you are also covered by a workplace plan and your income is above certain thresholds.

Is there an income limit?

Roth IRA contributions phase out above certain income levels, and traditional IRA deductibility can phase out too. Limits are set annually by the IRS.

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This calculator provides estimates for educational purposes only and is not personalized financial advice. Rates, taxes, and financial products change — verify with providers and qualified professionals.