IRA Calculator
Project traditional IRA growth and estimated withdrawals.
Inputs
$
$
%
yrs
Result
Future Value$300,850.72
Total Contributions$130,000.00
Interest Earned$170,850.72
About the IRA Calculator
The IRA Calculator projects the future balance of a Traditional or Roth IRA from your annual contributions, current balance, and expected return.
Calculation method
Compound-interest growth with annual contributions, up to the IRS annual limit.
FV = Balance × (1+r)^n + Annual × ((1+r)^n − 1)/rHow to use this calculator
- Enter your current IRA balance.
- Enter your annual contribution (up to the current IRS limit).
- Enter expected return and years.
Example
$25,000 balance plus $7,000/year for 25 years at 7% grows to about $577,000.
Frequently asked questions
Traditional or Roth IRA?
Traditional gives an immediate tax deduction; Roth grows tax-free. Roth is generally better for younger or lower-income savers who expect higher taxes later.
What's the IRA contribution limit?
For 2025 the limit is $7,000 ($8,000 if 50+). Check IRS updates for the current tax year.
Are there income limits?
Roth IRA contributions phase out at higher incomes. High earners may need to use a backdoor Roth or contribute only to a Traditional IRA.
Disclaimer: This calculator is for informational and educational purposes only and does not constitute financial, tax, or legal advice. Consult a qualified professional for decisions specific to your situation.