IRA Calculator
Project your Traditional IRA balance at retirement, calculate your annual tax deduction savings, estimate Required Minimum Distributions, and compare IRA types side by side.
2026 IRA Limits
- Contribution Limit (Under 50)
- $7,000
- Catch-Up (Age 50+)
- $8,000
- RMD Age
- 73
- SEP-IRA Limit
- $70,000
- SIMPLE IRA
- $16,500
Traditional IRA Calculator
Pre-tax growth with immediate savings
YOUR INFORMATION
2026 limit for your age: $7,000/yr
TAX RATES
Traditional IRA Balance at Retirement
$813,471
At age 65 (gross, pre-tax) · 7.0% annual return
After-Tax (at 12%): $715,854Total Contributed
$230,000
Pre-Tax Growth
$583,471
After-Tax Value
$715,854
Monthly Income (4% Rule)
$2,712
pre-tax
💰 Annual Tax Deduction Savings
$1,540
Tax Saved This Year
$46,200
Total Tax Saved
22%
Current Tax Rate
| Feature | 🟠 Traditional IRA | 🟣 Roth IRA | 🔵 SEP-IRA | 🟢 SIMPLE IRA |
|---|---|---|---|---|
| 2026 Contribution Limit | $7,000 ($8K 50+) | $7,000 ($8K 50+) | ~$70,000 | $16,500 |
| Tax on Contributions | Pre-tax (deductible) | After-tax | Pre-tax (deductible) | Pre-tax |
| Tax on Withdrawals | Taxed as income | Tax-free | Taxed as income | Taxed as income |
| Required Minimum Dist. | Age 73 required | None | Age 73 required | Age 73 required |
| Income Limit | Deductibility limits | $165K single phaseout | Self-employed only | Employer plan |
| Who Is It For? | Any earner | Lower-bracket earners | Self-employed | Small businesses |
📈 Traditional IRA Growth: Pre-Tax Accumulation
📅 Year-by-Year Traditional IRA Schedule
| Age | Contribution | Growth | Gross Balance | Tax Deduction Saved | After-Tax Value |
|---|---|---|---|---|---|
| 36 | $7,000 | $1,400 | $28,400 | $1,540 | $24,992 |
| 37 | $7,000 | $1,988 | $37,388 | $1,540 | $32,901 |
| 38 | $7,000 | $2,617 | $47,005 | $1,540 | $41,365 |
| 39 | $7,000 | $3,290 | $57,296 | $1,540 | $50,420 |
| 40 | $7,000 | $4,011 | $68,306 | $1,540 | $60,109 |
| 41 | $7,000 | $4,781 | $80,088 | $1,540 | $70,477 |
| 42 | $7,000 | $5,606 | $92,694 | $1,540 | $81,571 |
| 43 | $7,000 | $6,489 | $106,182 | $1,540 | $93,440 |
| 44 | $7,000 | $7,433 | $120,615 | $1,540 | $106,141 |
| 45 | $7,000 | $8,443 | $136,058 | $1,540 | $119,731 |
| 46 | $7,000 | $9,524 | $152,582 | $1,540 | $134,272 |
| 47 | $7,000 | $10,681 | $170,263 | $1,540 | $149,831 |
| 48 | $7,000 | $11,918 | $189,181 | $1,540 | $166,480 |
| 49 | $7,000 | $13,243 | $209,424 | $1,540 | $184,293 |
| 50 | $7,000 | $14,660 | $231,084 | $1,540 | $203,354 |
| 51 | $7,000 | $16,176 | $254,260 | $1,540 | $223,748 |
| 52 | $7,000 | $17,798 | $279,058 | $1,540 | $245,571 |
| 53 | $7,000 | $19,534 | $305,592 | $1,540 | $268,921 |
| 54 | $7,000 | $21,391 | $333,983 | $1,540 | $293,905 |
| 55 | $7,000 | $23,379 | $364,362 | $1,540 | $320,639 |
| 56 | $7,000 | $25,505 | $396,867 | $1,540 | $349,243 |
| 57 | $7,000 | $27,781 | $431,648 | $1,540 | $379,850 |
| 58 | $7,000 | $30,215 | $468,864 | $1,540 | $412,600 |
| 59 | $7,000 | $32,820 | $508,684 | $1,540 | $447,642 |
| 60 | $7,000 | $35,608 | $551,292 | $1,540 | $485,137 |
| 61 | $7,000 | $38,590 | $596,882 | $1,540 | $525,256 |
| 62 | $7,000 | $41,782 | $645,664 | $1,540 | $568,184 |
| 63 | $7,000 | $45,196 | $697,861 | $1,540 | $614,117 |
| 64 | $7,000 | $48,850 | $753,711 | $1,540 | $663,266 |
| 65 | $7,000 | $52,760 | $813,471 | $1,540 | $715,854 |
Understanding Traditional IRAs and RMDs
A Traditional IRA offers immediate tax deductions on contributions and tax-deferred growth — you pay taxes only when you withdraw in retirement. Our IRA calculator shows your projected balance, annual tax savings, after-tax value, and Required Minimum Distribution schedule. For the tax-free growth alternative, see our Roth IRA calculator, the deeper RMD calculator, and our 401(k) calculator for the employer-plan side of retirement savings.
💰 Traditional IRA Key Benefits
- Tax deduction now: contributions may reduce your taxable income
- Tax-deferred growth: no tax on dividends, interest, or capital gains annually
- Flexible investing: stocks, bonds, ETFs, mutual funds, CDs, REITs
- Anyone with earned income can contribute (deductibility has limits if covered by a workplace plan)
- Best if you're in a high tax bracket now and expect lower taxes in retirement
- Penalty-free withdrawals from age 59½
📋 Required Minimum Distributions
- RMD age: must start withdrawals at age 73 (SECURE Act 2.0)
- Formula: account balance ÷ IRS Uniform Lifetime Distribution period
- Age 73 divisor ≈ 27.4 (withdrawal rate ≈ 3.65%)
- Age 80 divisor ≈ 20.2 (withdrawal rate ≈ 4.95%)
- Penalty for missing: 25% excise tax on any shortfall (reduced to 10% if corrected promptly)
- Roth IRA: no RMDs — another advantage of Roth
📊 IRA Deductibility Income Limits (2026)
- Single, with a workplace plan: full deduction under ~$79,000 MAGI
- Single, workplace-plan phase-out: $79,000–$89,000 MAGI
- Married filing jointly, covered: full deduction under ~$126,000 MAGI
- MFJ phase-out: $126,000–$146,000 MAGI
- Spouse covered, you're not: $236,000–$246,000 MAGI
- No workplace plan at all → full deduction at any income
🔄 IRA Rollover Options
- 401(k) → Traditional IRA: keep tax-deferred status, more investment options
- Traditional IRA → Roth IRA: conversion — pay tax now, tax-free forever after
- 60-day rollover rule: indirect rollovers must complete within 60 days or face taxes/penalties
- Direct transfer: trustee-to-trustee, no tax withholding or penalty
- Once-per-year rule: only one IRA-to-IRA rollover allowed per 12 months
- See our Roth IRA calculator to model conversion benefits
— FAQ