Calcs4All

APR 23 · 2026

IRA calculator

Project an IRA balance at retirement with annual contributions.

What this calculator covers

Use this IRA calculator to estimate how annual contributions and compound growth can build an account balance by retirement.

This MVP keeps the math simple on purpose: the Roth or traditional toggle changes the framing, while taxes, income limits, and withdrawal rules stay out of scope.

Frequently asked questions

What is the difference between a Traditional and a Roth IRA?
Traditional IRA contributions may be tax-deductible now, and you pay ordinary income tax on withdrawals in retirement. Roth IRA contributions are made with after-tax dollars, and qualified withdrawals in retirement are tax-free. The better choice often depends on whether you expect a higher or lower tax rate in retirement.
Are there contribution limits?
Yes. The IRS sets an annual limit that changes periodically, with a higher catch-up limit for savers age 50 and above. Roth IRA contributions also phase out at higher incomes, and Traditional IRA deductibility phases out if you (or your spouse) are covered by a workplace retirement plan.
When can I withdraw without penalty?
Generally at age 59½. Earlier withdrawals are subject to a 10% penalty on top of any applicable income tax, with a handful of exceptions such as a first-home purchase, qualified education costs, or permanent disability. Roth contributions (not earnings) can be withdrawn anytime without penalty.
Does the calculator account for taxes or income limits?
No. It models contribution growth only. Tax deductibility, Roth phaseouts, and required minimum distributions are outside the scope of this tool.

Tool

Run the calculation

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yr
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RESULT · IRA BALANCE

â„–081

Primary result

$916,478.24

A traditional IRA starting at $25,000.00 with $6,500.00 added each year projects to $916,478.24 by age 65.

Projected IRA balance
$916,478.24
Annual contribution used
$6,500.00
Contribution cap applied
No
Total contributions
$227,500.00
Investment growth
$663,978.24
MVP tax treatment
Traditional vs Roth changes only the explanation framing in this MVP; taxes are not modeled.

Step-by-step solution

  1. 1.Count the saving window from age 30 to 65: 35 annual contributions.
  2. 2.Use the smaller of the entered contribution and the MVP limit of $7,000.00 each year.
  3. 3.Grow the balance at 6% annually and add each year's contribution at year-end to reach $916,478.24.

Walkthrough

Visual walkthrough

IRA growth in this MVP comes from the starting balance, the annual contribution, and the constant annual return assumption.

  1. 01

    Set the contribution horizon

    65 - 30 = 35

    The current age and retirement age determine how many yearly deposits the account receives.

    35 annual deposits

  2. 02

    Use the modeled annual contribution

    $6,500.00 per year

    The annual contribution is capped at the MVP limit when the entered amount is larger.

    $227,500.00 total contributions

  3. 03

    Read the projected balance

    Traditional and Roth follow the same accumulation math here; only the tax explanation text changes because taxes are out of scope for the MVP.

    Projected balance $916,478.24