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IRA Calculator
Calculate Traditional and Roth IRA growth over time
IRA Details
Traditional: Tax-deductible now, taxed later. Roth: After-tax now, tax-free later.
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Total balance in your IRA
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2025 limit: $7,000 (age under 50)
%
Historical S&P 500 average: ~10%
Tax Assumptions
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Your tax bracket now
%
Expected tax bracket in retirement
IRA Projection
Enter your IRA details and click Calculate
See your retirement savings projection
Understanding IRAs
Traditional vs Roth IRA
| Feature | Traditional IRA | Roth IRA |
|---|---|---|
| Contributions | Tax-deductible | After-tax |
| Growth | Tax-deferred | Tax-free |
| Withdrawals | Taxed as income | Tax-free |
| RMDs | Required at 73 | None during lifetime |
2025 Contribution Limits
- Under age 50: $7,000 per year
- Age 50 and older: $8,000 per year (includes $1,000 catch-up)
- Limits apply to all IRAs combined (Traditional + Roth)
Income Limits for Roth IRA (2025)
- Single: Phase-out begins at $150,000, ineligible above $165,000
- Married Filing Jointly: Phase-out begins at $236,000, ineligible above $246,000
- Consider backdoor Roth IRA if over income limits
When to Choose Traditional IRA
- You expect lower income in retirement
- You need the tax deduction now
- You are in a high tax bracket currently
When to Choose Roth IRA
- You expect higher income in retirement
- You are in a lower tax bracket now
- You want tax-free withdrawals and no RMDs
- You have a long time horizon for tax-free growth
Disclaimer: This calculator is for informational purposes only and should not be considered financial, tax, or legal advice. Results are estimates based on the information provided and current tax laws. Consult a qualified professional for advice specific to your situation.
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