Traditional IRA Calculator
Project your Traditional IRA balance at retirement with tax-deductible contributions and tax-deferred compound growth.
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Projected IRA Balance (Pre-Tax)
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After-Tax Value at Retirement
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Tax Saved From Deductions
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Total Contributions
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Tax-Deferred Growth
Traditional IRA Benefits
Traditional IRA contributions may be tax-deductible, reducing your taxable income now. Investments grow tax-deferred until withdrawal. Withdrawals in retirement are taxed as ordinary income. The key advantage: if your retirement tax rate is lower than your current rate, you save on the spread. Required Minimum Distributions (RMDs) begin at age 73. Compare with our Roth IRA Calculator to see which is better for your situation. Check your current bracket with our Tax Bracket Calculator.
Frequently Asked Questions
Traditional IRA vs Roth IRA?
Traditional: tax deduction now, taxed on withdrawals. Roth: no deduction, tax-free withdrawals. Choose Traditional if you're in a high bracket now and expect lower in retirement.
What are the income limits?
Anyone with earned income can contribute, but the deduction phases out if you're covered by a workplace plan and your income exceeds $77,000 (single) or $123,000 (married).