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HomeFinanceLoan CalculatorsIRA Calculator
Retirement Planning

IRA Calculator

Compare Traditional IRA and Roth IRA growth projections to determine which retirement account is better for you.

Updated 2024-12-15 12 min read Calzyra Financial Team

CalculatorFree Tool

USD

Maximum contribution limit for 2024

USD

Current balance in your IRA

Number of years until retirement

%

Average annual return on investments

%

Your current marginal federal tax rate

IRA Calculator - Formula

Traditional IRA: FV = PMT × [((1 + r)^n - 1) / r] | Roth IRA: FV = PMT × [((1 + r)^n - 1) / r] × (1 - taxRate)

Traditional IRA grows tax-deferred with taxes paid on withdrawal. Roth IRA contributions are after-tax but withdrawals are tax-free.

Frequently Asked Questions

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Retirement CalculatorPension CalculatorFIRE CalculatorRetirement Income Calculator401(k) CalculatorIRA CalculatorAnnuity CalculatorSocial Security CalculatorRetirement Withdrawal CalculatorRetirement Nest Egg Calculator