Estimate how your Individual Retirement Account will grow based on annual contributions and compound returns.
An Individual Retirement Account (IRA) gives you more investment choices and tax advantages than a standard brokerage account. This free IRA calculator projects how your Traditional or Roth IRA will grow based on your annual contributions and expected returns. Whether you're contributing the maximum $7,500 or starting with $50 a month, seeing the future value helps you stay consistent — the single most important habit for long-term wealth.
Traditional IRA: You get a tax deduction now, pay taxes when you withdraw in retirement.
Roth IRA: You pay taxes now, withdraw tax-free in retirement. Better if you're early in your career and expect higher taxes later.
Not sure which is right? See our Roth vs. Traditional comparison.
You can contribute to the prior year's IRA until April 15 of the next year. Many people miss this — it's a last-minute tax deduction.
If your income exceeds the phase-out range, you can't contribute directly. But a Backdoor Roth IRA conversion is still available regardless of income.
Anyone with earned income. There's no age limit for Traditional IRA (since 2020). Roth IRA has income limits: full contributions up to $153k single, $242k joint (phasing out above that).
Age 59½ for both types. After that, Traditional withdrawals are taxed as income; Roth withdrawals are tax-free (principal always comes out penalty-free).
Yes. You can contribute to both. The IRA deduction may be limited if you also have a workplace plan and earn above certain thresholds.