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IRA Savings Calculator
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How much will I have in my IRA when I retire?

Contributing to an Individual Retirement Account (IRA) can be one of the most effective ways to quickly build your retirement savings.

With a Roth IRA, your earnings grow tax free and can be tax free and penalty free when you make qualified withdrawals. With a traditional IRA, your earnings grow tax deferred, so you won't pay income taxes until you make withdrawals. In addition, your contributions may be tax deductible.

After you've entered your information below, click the "Calculate" button to estimate how much you'll have accumulated in your IRA by the time you retire.

IRA Savings Calculator
What type of IRA is this?   
What will your tax filing status be?
Did you live with your spouse at any time during the year?   
Do you participate in an employer-sponsored retirement plan1?   
Does your spouse participate in an employer-sponsored retirement plan1?   
What is your estimated Modified Adjusted Gross Income (MAGI)2? $
What percentage of your contribution is deductible? %
How much will you contribute each year?
    Planned annual contribution amount
    Use maximum annual contributions		 $
Will you make maximum annual catch-up contributions when eligible?
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 calculation provided is for illustration purposes only and is not intended to represent a guaranteed savings amount. The calculation is not intended to provide either specific advice or a recommendation to any individual. Please consult a professional tax advisor before taking specific action.