IRA Calculator

Estimate how a traditional IRA grows tax-deferred until you retire.

Current age	30 years
Retirement age	65 years
Current balance	$10,000
Yearly contribution	$7,500
Expected return	6 %
Tax rate in retirement	22 %

Current age

years

Retirement age

years

Current balance

Yearly contribution

2026 limit: $7,500, or $8,600 from age 50.

Expected return

Tax rate in retirement

Balance at 65

$937,695

Withdrawals are taxed as income: at 22% that leaves about $731,402 after tax.

Contributions: $272,500
Growth: $665,195
After tax: $731,402

Your IRA over time

Year 35Balance $937,695Paid in $272,500Point at the chart, or Tab to it and use ← →

BalancePaid in

Balance by year

Year	Paid in	Growth	Balance
1	$17,500	$825	$18,325
2	$25,000	$2,150	$27,150
3	$32,500	$4,003	$36,503
4	$40,000	$6,419	$46,419
5	$47,500	$9,429	$56,929
6	$55,000	$13,070	$68,070
7	$62,500	$17,379	$79,879
8	$70,000	$22,396	$92,396
9	$77,500	$28,165	$105,665
10	$85,000	$34,730	$119,730
11	$92,500	$42,139	$134,639
12	$100,000	$50,442	$150,442
13	$107,500	$59,694	$167,194
14	$115,000	$69,950	$184,950
15	$122,500	$81,272	$203,772
16	$130,000	$93,724	$223,724
17	$137,500	$107,372	$244,872
18	$145,000	$122,290	$267,290
19	$152,500	$138,552	$291,052
20	$160,000	$156,240	$316,240
21	$167,500	$175,439	$342,939
22	$175,000	$196,241	$371,241
23	$182,500	$218,740	$401,240
24	$190,000	$243,040	$433,040
25	$197,500	$269,247	$466,747
26	$205,000	$297,477	$502,477
27	$212,500	$327,850	$540,350
28	$220,000	$360,497	$580,497
29	$227,500	$395,551	$623,051
30	$235,000	$433,159	$668,159
31	$242,500	$473,474	$715,974
32	$250,000	$516,657	$766,657
33	$257,500	$562,882	$820,382
34	$265,000	$612,330	$877,330
35	$272,500	$665,195	$937,695

About the IRA Calculator

Enter your age, retirement age, current balance, yearly contribution, expected return and the tax rate you expect in retirement. The calculator projects the balance and what's left after tax on withdrawals.

Traditional IRA contributions may be tax-deductible, growth is tax-deferred, and withdrawals are taxed as income. Required minimum distributions start at 73. For 2026 the limit is $7,500, plus $1,100 from age 50.

The formula

Each year: balance × (1 + r) + contribution × (1 + r/2)

Worked example

Age 30, retiring at 65, $10,000 now, $7,500 a year, 6% return

Contributions: $272,500; growth: $665,195
Balance at 65: $937,695
After 22% tax on withdrawals: about $731,402

Questions people ask

Is my contribution deductible?

Fully, unless you or your spouse have a workplace plan and your income exceeds the IRS limits.

Can I take money out of an IRA before 59½?

Usually you pay income tax plus a 10% penalty, with some exceptions such as a first home (up to $10,000), qualified education costs and certain medical expenses.

Sources

IRS: IRA contribution limits