IRA Calculator
Project what a traditional IRA grows to by retirement, the balance and the gain from years of tax-deferred compounding.
- Free
- No sign-up
Enter your balance, contribution, return and years to project the total.
Worked example
With these example inputs:
- Current balance$0
- Monthly contribution$500
- Expected annual return7%
- Years to retirement30 yr
Balance at retirement: $609,986
- Starting amount$0.00
- Total contributions$180,000
- Total interest$429,986
- Total growth238.9%
Frequently asked questions
How is a traditional IRA taxed?
Contributions may be tax-deductible and the balance grows tax-deferred, but withdrawals in retirement are taxed as income. This projection is before that tax.
Traditional or Roth IRA?
A traditional IRA defers tax until withdrawal. A Roth is funded with after-tax money and withdrawn tax-free. The better choice depends on your tax rate now versus later.