About the IRA Calculator
Estimate your traditional IRA balance at retirement and the tax you save on contributions. This tool is free, works in your browser and needs no sign-up.
How to use the IRA Calculator
Enter the current balance, yearly contribution, current and retirement age, expected return and tax rates.
Formula used
Balance = Start × (1 + r)^y + Contribution × ((1 + r)^y − 1) ÷ r. After-tax value = Balance × (1 − retirement tax rate).
Example
With Current IRA balance 25000, Yearly contribution 7000, Your age now 35, Retirement age 65, Expected return (% per year) 7, the calculator shows: IRA balance at retirement = 851,531.88; Total contributions = 235,000.00; Investment growth = 616,531.88.
Frequently asked questions
Are traditional IRA contributions tax deductible?
Often yes, but the rules depend on your income and whether you have a workplace plan. Withdrawals in retirement are taxed as income.
Is the IRA Calculator free to use?
Yes. It is completely free and you can use it as many times as you like.
How accurate is the IRA Calculator?
The calculator uses standard formulas, so the maths is exact. Real life results can differ because of fees, taxes, rounding or personal factors, so treat the answer as an estimate.
Do you store the numbers I enter?
No. All calculations run in your browser. The values you type are not sent to our server.
Disclaimer: results are estimates for information only. They are not financial, medical or professional advice.