Traditional IRA Calculator
Compare Traditional IRA vs Roth IRA and calculate the tax impact of your contributions.
Tax rates
Total at retirement
$1,038,793
Pre-tax
Net after tax
$851,810
Tax savings now
$54,600
Tax impact
Tax savings now
$54,600
Tax at withdrawal
$186,983
IRA vs Roth comparison
Traditional IRA
After-tax value
$851,810
Roth equivalent
Tax-free value
$789,483
Traditional IRA generates more net value with your tax rates
Balance composition
Projected growth
What is a Traditional IRA?
A Traditional IRA is a retirement account that allows tax-deductible contributions. Taxes are paid when you withdraw the money in retirement.
Tax benefits
Contributions may be deductible from your taxable income, reducing your current tax burden. The money grows tax-deferred until withdrawal.
Traditional IRA vs Roth
The choice depends on your current vs future tax rates. If you expect to be in a lower bracket in retirement, Traditional IRA may be better. If you expect higher, consider Roth.