Traditional IRA Calculator
Project your Traditional IRA growth with tax-deductible contributions. See deduction eligibility, tax-deferred compounding, and compare Traditional vs. Roth IRA side by side.
Personal Details
IRA Balance & Contributions
Tax Deduction Eligibility
Do you have a 401(k), 403(b), or pension at work?
Investment Returns
IRA Growth Score
Your Traditional IRA is on track to support your retirement withdrawals.
Balance at Retirement
$1,117,534
Lasts Until Age
90
Balance at Retirement
$1,117,534
at age 65
Total Contributions
$245,000
over 35 years
Tax-Deferred Growth
$4,277,874
18.46x multiplier
Tax Deductions
$245,000
saves $53,900 in taxes
IRA Balance Over Time
Tax-deferred growth from now through retirement and withdrawals
Contributions vs. Tax-Deferred Growth
What you put in vs. what compound growth earned
Balance Composition at Retirement
How much of your IRA is contributions vs. growth
Total
$4,522,874
Your Contributions
5%$245,000/yr
Tax-Deferred Growth
95%$4,277,874/yr
Tax Deduction vs. Withdrawal Tax
The Traditional IRA tax trade-off: deduct now, pay later
Tax Savings Now
Deductions reduce your current taxable income
Tax on Withdrawals
All withdrawals taxed as ordinary income
A Roth IRA may save you approximately $108,150 in net taxes, since your retirement tax rate (15%) is higher than or equal to your current rate (22%).
Traditional vs. Roth IRA at Retirement
Side-by-side comparison at your retirement age
Traditional IRA
Tax-deferred — withdrawals taxed as income
Roth IRA
Tax-free — qualified withdrawals not taxed
Year-by-Year Breakdown
Detailed IRA projections for every year
| Age | Contribution | Growth | Withdrawal | Tax | Balance | Roth Bal |
|---|---|---|---|---|---|---|
| 30 | $7,000 | $700 | - | - | $17,700 | $17,700 |
| 35 | $7,000 | $3,800 | - | - | $65,080 | $65,080 |
| 40 | $7,000 | $8,147 | - | - | $131,534 | $131,534 |
| 45 | $7,000 | $14,245 | - | - | $224,738 | $224,738 |
| 50 | $7,000 | $22,797 | - | - | $355,462 | $355,462 |
| 55 | $7,000 | $34,791 | - | - | $538,809 | $538,809 |
| 60 | $7,000 | $51,614 | - | - | $795,962 | $795,962 |
| 65 | - | $73,110 | $30,000 | -$4,500 | $1,117,534 | $1,117,534 |
| 70 | - | $89,570 | $33,942 | -$5,091 | $1,369,148 | $1,369,148 |
| 75 | - | $110,953 | $38,403 | -$5,760 | $1,695,997 | $1,695,997 |
| 80 | - | $139,015 | $43,449 | -$6,517 | $2,124,946 | $2,124,946 |
| 85 | - | $176,192 | $49,158 | -$7,374 | $2,693,220 | $2,693,220 |
| 90 | - | $225,866 | $55,618 | -$8,343 | $3,452,523 | $3,452,523 |
Personalized Insights
Actionable recommendations based on your numbers
Full deduction: $53,900 in tax savings
Your contributions are fully tax-deductible, reducing your taxable income by $245,000 over your career. That's $53,900 in tax savings at your 22% rate.
You're maxing out your IRA contributions
Contributing the full $7,000/year is the most effective use of your IRA. Every dollar grows tax-deferred until retirement.
Your money grew 18.46x
Tax-deferred compounding turned your contributions into 18.46x their original value. You won't pay taxes until you withdraw.
Traditional IRA is likely the better choice
Your current tax rate (22%) is higher than your expected retirement rate (15%). You benefit more from deducting contributions now and paying less tax on withdrawals later.
Required Minimum Distributions start at 73-75
Traditional IRAs require you to start taking distributions at age 73 (or 75 if born 1960+). You can't leave money in forever. Consider Roth conversions before RMDs begin to reduce your future tax burden.
Your IRA is projected to last through retirement
At $30,000/year in withdrawals, your IRA sustains you through age 90.
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