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.


Annual deposit amount

Number of years to save

Rate of return

Income tax rate
(when you retire)

Show amortization schedule


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 tips

This calculator uses annual compounding. Annual deposits start today and the final withdrawal amount is available one year after the last deposit.

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.

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