Regular IRA Calculator

Contributing to a Regular IRA can create a current tax deduction, plus it provides for tax deferred growth. While long term savings in a Roth IRA may produce better after tax returns, a regular IRA may be an excellent alternative if you qualify for the tax deduction.

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Definitions

Current age:Your current age
Age of retirement:Age you desire to retire.
Annual contribution:The amount you will contribute to your regular IRA each year.
Expected rate of return:The annual percent you expect to earn on your investment.
Current tax rate:Your current marginal tax rate you expect to pay on your taxable investments.
Retirement tax rate:The marginal tax rate you expect to pay on your investments at retirement.
Adjusted gross income:What you anticipate your income to be. This is used to calculate whether you are able to deduct your annual contributions from your taxes.
Married:Check the box if you are married. This is used to determine whether you can deduct your annual contributions from your taxes.
Years until retirement:Number of years before retirement.
Employer plan:Check the box if you have an employer sponsored retirement plan, such as a 401k or pension. This is used to determine if you can deduct your annual contributions from your taxes.
Total non-deductible contributions:The total amount for your contributions that were deposited without a tax deduction.
Total contributions:The total amount contributed to this IRA.
IRA total before taxes:Total value of your IRA at retirement before taxes.
IRA total after taxes:Total value of your IRA at retirement after taxes are paid.
Total taxable account:Total value of your savings, at retirement, if the after tax contribution amount is deposited into a taxable account.


information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

 

*These materials are not an offer to sell or solicitation of an offer to buy any security, nor shall any such security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

IMPORTANT CONSUMER INFORMATION

(1) A broker-dealer, investment advisor, BD agent or IA rep may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if they are excluded or exempted from the state's broker-dealer, investment advisor, BD agent or IA rep requirements, as the case may be; and
(2) Follow-up, individualized responses to consumers in a particular state by broker-dealer, investment advisor, BD agent or IA rep that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's broker-dealer, investment advisor, BD agent or IA rep requirements, or pursuant to an applicable state exemption or exclusion. (3) For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA rep, a consumer should contact his or her state securities law administrator.