IRA Calculator

Compare Traditional vs Roth IRA side by side to see which retirement account is better for your situation. Includes 2026 contribution limits and tax analysis.

How to use IRA Calculator

1. Choose Traditional IRA, Roth IRA, or Compare Both.
2. Enter your current age, retirement age, and current IRA balance.
3. Enter your annual contribution and expected return rate.
4. Set your current tax rate and expected tax rate at retirement.
5. Review the detailed comparison and year-by-year projections.

What is IRA Calculator?

FAQ

What is the difference between Traditional and Roth IRA?

Traditional IRA contributions may be tax-deductible now, and you pay taxes when you withdraw in retirement. Roth IRA contributions are made with after-tax dollars, but qualified withdrawals in retirement are completely tax-free.

What are the 2026 IRA contribution limits?

For 2026, the standard contribution limit is $7,000. If you are age 50 or older, the catch-up limit is $8,000. These limits apply to the total of all your IRA contributions (Traditional + Roth combined).

Which is better — Traditional or Roth IRA?

It depends on whether you expect to be in a higher or lower tax bracket in retirement. If you expect a lower tax rate in retirement, Traditional may be better. If you expect a higher rate, or want tax-free growth, Roth may be better. This calculator helps you compare both scenarios.

Are there income limits for IRAs?

Yes. For 2026, Roth IRA contributions phase out at higher income levels. Traditional IRA deductibility may also be limited if you have a workplace retirement plan. Check IRS guidelines for current income limits.

Related tools

• 401(k) Calculator
• Compound Interest Calculator
• ROI Calculator
• Loan Calculator