IRA Comparison Calculator

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Which IRA is best for me?

This calculator helps to determine which type of IRA contribution is appropriate for you given your personal financial information, rate of return and years until retirement.

After you've entered your information below, click the "Calculate" button to determine which IRA type is best for you.

IRA Comparison Calculator

What calendar year is this contribution for?

2009

What will your tax filing status be?

Did you live with your spouse at any time during the year?

Yes No

Do you participate in an employer-sponsored retirement plan¹?

Yes No

Does your spouse participate in an employer-sponsored retirement plan¹?

Yes No

What is your estimated Modified Adjusted Gross Income (MAGI)²?

How much will you contribute each year?
Planned annual contribution amount
Use maximum annual contributions

What is your current income tax rate?

Federal

State

What is your expected income tax rate at retirement?

What is your date of birth?

/ /

At what age do you plan to retire?

What average rate of return do you expect to earn on your IRA investment³?

¹Employer-sponsored retirement plans include 401(k) and 403(b) plans.
²Your MAGI is your annual adjusted gross income as figured on your federal income tax return, with certain deductions and exclusions added back.
³Use an average rate of return that's appropriate for the mix of investments in your portfolio.

The rate of return used to grow your assets is hypothetical and does not represent the performance of any investment. There is no guarantee that the estimated rate of return can be achieved.

The calculation provided is for illustration purposes only and is not intended to represent whether you should contribute to a traditional or Roth IRA. The calculation is not intended to provide specific advice to any individual. Please consult a professional tax advisor before taking specific action.