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IRA Calculator

Professional IRA calculator with comprehensive analysis including Traditional vs Roth IRA comparison, contribution limits, tax benefits, withdrawal strategies, and retirement planning optimization. Calculate IRA growth, required minimum distributions, and maximize your retirement savings.

Helpful?
Contribution Limit
?
Maximum annual IRA contribution based on your age. Those 50+ get an additional $1,000 catch-up contribution.
$7,000
2024 limit
Roth Eligibility
?
Roth IRA contributions have income limits. High earners may be phased out or ineligible.
Eligible
Limit: $7,000
Traditional Deduction
?
Traditional IRA deductibility depends on income and whether you have an employer retirement plan.
$5,600
Deductible
Years to Retirement
?
Time remaining to grow your IRA before you start taking withdrawals
35
Retiring at age 65

Personal Information

IRA Settings

Max: $7,000

50% Traditional50% Roth

Conservative: 5-7%, Moderate: 7-9%, Aggressive: 9-12%

Tax Settings

Common rates: 12%, 22%, 24%, 32%

0% for states with no income tax

Tax Impact Summary

Annual Traditional IRA tax savings: $6,750

Current combined rate: 225.0%

IRA Projection Results

Traditional IRA

Annual Contribution:$3,000
Annual Tax Savings:$6,750
Total at Retirement:$710,655

Roth IRA

Annual Contribution:$3,000
Tax-Free Growth:Yes
Total at Retirement:$710,655

Comparison

Roth Advantage:$142,131
Break-even Tax Rate:0.0%
Roth IRA is better at current assumptions

IRA Analysis Overview

Contribution Eligibility
Maximum Contribution:$7,000
Roth IRA Eligible:Yes
Roth Contribution Limit:$7,000
Traditional Deductible:Yes
Deductible Amount:$5,600
Key Insights
Good news: You're eligible for both Traditional and Roth IRA benefits!
User Satisfaction
Community feedback
92%
helpful rating

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IRA Fundamentals

Traditional IRA Benefits
Immediate tax deduction, tax-deferred growth, lower current taxes. Best if you expect lower tax rates in retirement.
Roth IRA Benefits
Tax-free growth and withdrawals, no RMDs, estate planning benefits. Best if you expect higher tax rates in retirement.
Contribution Limits
2024: $7,000 ($8,000 if 50+). Income limits apply to Roth IRAs and Traditional IRA deductibility.

Important Considerations

Early Withdrawal Penalties
10% penalty plus income tax on early withdrawals from Traditional IRAs and Roth IRA earnings.
Required Minimum Distributions
Traditional IRAs require withdrawals starting at age 73. Roth IRAs have no RMDs during owner's lifetime.
Tax Law Changes
Future tax law changes could affect the relative benefits of Traditional vs Roth IRAs.
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Professional IRA Calculator – Traditional vs Roth IRA Analysis & Optimization

Maximize your retirement savings with our comprehensive IRA calculator featuring Traditional vs Roth IRA comparison, contribution eligibility analysis, tax optimization strategies, and detailed withdrawal planning. Whether you're choosing between Traditional and Roth IRAs or optimizing your retirement tax strategy, our calculator provides professional-grade analysis with RMD projections and personalized recommendations.

Advanced IRA Analysis

Calculate your IRA growth potential using official contribution limits and tax rules with Traditional vs Roth IRA comparison. Our tool analyzes contribution eligibility based on income limits, employer retirement plans, and filing status. Features include tax-deferred vs tax-free growth comparison, required minimum distribution planning, and comprehensive withdrawal strategies for optimal retirement income.

Tax Optimization & Planning

Optimize your retirement tax strategy with detailed Traditional vs Roth IRA comparison showing break-even tax rates and lifetime value analysis. Our calculator includes current vs future tax rate modeling, state income tax considerations, and strategies for tax diversification. Features include RMD projections, early withdrawal penalty analysis, and tax-efficient withdrawal sequencing.

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Experience the most comprehensive IRA calculator available online, combining official IRS rules with advanced optimization strategies. Make informed decisions about Traditional vs Roth IRA contributions with detailed analysis and professional insights for your retirement planning.

Frequently Asked Questions