Home Resources Useful Links Useful Links Financial Calculators October 1, 2021 CPAs & Advisors How much will my Traditional IRA be worth at retirement? Use this calculator to compute the amount you can save in a tax-deferred Traditional IRA. Contributions to your Traditional IRA are usually tax deductible now, but you pay taxes when you withdraw the funds in retirement. All fields are required. Annual deposit amountNumber of years to saveRate of returnIncome tax rate(when you retire) Show amortization schedule Calculator Results You will save $148,268.75 over 20 years. If you are in a 28.000 % tax bracket when you retire, this will be worth $106,753.50 after paying taxes. If you or your spouse retire prior to age 60, a 10% penalty will be incurred. The penalty adjusted savings amount would be $91,926.63. Your actual qualifying contribution may differ significantly from the amounts listed above (for reasons such as income, filing status, employer benefits, and more). We strongly recommend that you consult your tax advisor before contributing to a retirement program.Calculator tipsThis calculator uses annual compounding. Annual deposits start today and the final withdrawal amount is available one year after the last deposit.Your actual qualifying contribution may differ significantly from the amounts listed above (for reasons such as income, filing status, employer benefits, and more). We strongly recommend that you consult your tax advisor before contributing to a retirement program. Qualifying contributions are usually limited as follows:Year Annual Contribution Limit 2002 through 2004 $3,000 per individual 2005 through 2007 $4,000 per individual 2008 through 2012 $5,000 per individual 2013 onward* $5,500 per individual * Beginning in 2009, the contribution limit will adjust annually for inflation in $500 increments. If you are age 50 or over, you may qualify for an additional catch-up contribution as follows: Year Additional Catch-Up Contribution 2002 through 2005 $500 per individual 2006 onward $1,000 per individual Calculator disclaimer The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Presented by TimeValue Software ©2025
