For informational purposes only. Not financial, investment, or tax advice. Results are estimates based on the inputs provided. Consult a qualified financial professional before making financial decisions.
Calculator tool
How this calculator works
Use the explanation to understand the formula, assumptions, and practical limits behind the calculator result.
What This IRA Calculator Estimates
This calculator models a traditional IRA-style projection. It grows the current balance plus annual contributions, then applies the withdrawal tax rate you enter to estimate an after-tax value.
2026 Contribution Limits Used
| Age entered | Annual contribution cap used |
|---|---|
| Under 50 | $7,500 |
| 50 or older | $8,600 |
If the annual contribution entered is above the age-based cap, the calculator limits the contribution used in the projection and shows a warning.
Gross Balance Versus After-Tax Value
A traditional IRA can grow tax-deferred, but withdrawals may be taxable later. That is why the result shows both:
- Projected gross balance before withdrawal tax
- After-tax value after applying the tax rate entered
The withdrawal tax rate is your assumption. The calculator does not know your future bracket, deduction eligibility, or state tax rules.
What the Projection Does Not Model
The tool does not decide whether your current traditional IRA contribution is deductible, whether you are eligible for a Roth contribution, or how required minimum distributions may apply later. It also does not model changing annual limits, inflation, or market volatility.
Use the result to compare contribution and tax-rate scenarios, then verify actual tax treatment with current IRS rules and a qualified professional when the distinction matters.
Frequently asked questions
Is this calculator for a traditional IRA or a Roth IRA?
The main projection is for a traditional IRA-style account because it shows a gross balance and then subtracts the withdrawal tax rate you enter. Use the Roth IRA Calculator when you want to focus on tax-free qualified withdrawals instead.
What IRA contribution limit does the calculator use for 2026?
It uses 8,600 for age 50 or older, including the 2026 catch-up amount.
Does the calculator tell me whether my traditional IRA contribution is deductible?
No. Deductibility can depend on income, filing status, and whether you or a spouse are covered by a workplace retirement plan. The calculator projects growth; it does not determine current-year tax eligibility.
Why can the after-tax value be much lower than the gross balance?
Because the gross balance is before withdrawal tax. If you enter a 22% withdrawal tax rate, the calculator reduces the projected balance by that assumption so you can see the difference between account size and spendable value.
