IRA Calculator

Free Online IRA Calculator

Traditional & Roth · Growth Projector · Contribution Optimizer · Withdrawal Planner

💼
IRA Calculator
Traditional & Roth · Growth Projector · Contribution Optimizer · Withdrawal Planner
Traditional IRA: Contributions may be tax-deductible now; withdrawals taxed in retirement. Roth IRA: Contributions are after-tax; all growth and withdrawals are tax-free. 2024 limit: $7,000/yr ($8,000 if age 50+).
IRA Type
Your Details
yrs
yrs
$
Contributions & Assumptions
$
%
%
%
%
💼
Assessment
Projected IRA Balance at Retirement
Inflation-Adjusted (today's $)
Years to Retirement
Total Contributions
Investment Growth
Growth Multiplier
Monthly Income (SWR)
Annual Income (SWR)
IRS Limit Usage
Tax Deduction Value (Traditional)
📊 Balance Composition at Retirement
🔮 What-If Scenarios
If you max contributions ($7,000/yr):
If return drops to 5%:
If you retire 5 years later:
If you add $1,000 more per year:
Catch-up contributions at age 50 ($8,000/yr):
📋 Year-by-Year IRA Growth
AgeContributionGrowthBalanceMonthly Income
Key Insights
Find the minimum monthly savings needed to hit your retirement target, compare Traditional vs Roth tax efficiency, and see how much starting earlier — or contributing more — changes your outcome.
Your Goal
$
$
yrs
%
%
%
🎯
Contribution Strategy
Annual Contribution Needed
Monthly Contribution Needed
IRS Limit ($7,000/yr)
Total Contributions
Investment Growth
Growth : Contribution Ratio
Traditional Tax Saved Now
Traditional Tax at Withdrawal
Roth Net (tax-free)
Traditional Net (after-tax)
🔮 Contribution Scenarios
If you contribute the IRS max ($7,000/yr):
If you started 5 years earlier:
If you started 5 years later:
Monthly cost difference: Roth vs Traditional:
If return rate drops 2% (market headwind):
Contribution Strategy Tips
Plan how long your IRA will last, model Required Minimum Distributions (RMDs start at age 73 for Traditional IRAs), and compare withdrawal strategies. Early withdrawals before 59½ trigger a 10% penalty plus income tax.
Your IRA at Retirement
$
yrs
yrs
$
%
%
📅
Longevity Assessment
IRA Lasts Until Age
Balance at Life Expectancy
📅 IRA Longevity Gauge
Retirement (67) Life exp. (90)
Annual Withdrawal
After-Tax Withdrawal
Sustainable Withdrawal Rate
Total Withdrawn Over Lifetime
RMD at Age 73
Total Tax Paid (Traditional)
Max Sustainable Annual (4% rule)
Excess / Shortfall vs Goal
🔮 Withdrawal Scenarios
If you withdraw 10% less per year:
If you withdraw 10% more per year:
If portfolio return drops to 3%:
Early withdrawal at age 55 (with 10% penalty):
RMD at age 73 (IRS Uniform Lifetime Table):
📋 Annual Withdrawal Schedule
AgeWithdrawalAfter-TaxGrowthBalance
Withdrawal Strategy Tips
invoize App

Create and Send Professional Invoices in Seconds

Invoize helps freelancers and businesses create, manage, and send invoices easily
from anywhere without complicated accounting software.