Project IRA accumulation to support retirement contribution planning.
Overview
Individual Retirement Accounts (IRAs) can play a central role in long-term retirement savings, especially when contributions are made consistently over many years.
This calculator estimates how recurring contributions and expected returns can grow an IRA balance over time. It helps compare current contribution habits against retirement goals.
Contribution limits and tax treatment differ between Traditional and Roth IRAs, so pair projection results with current-year regulatory guidance.
Steps
Use your latest account value as starting principal.
Input planned yearly deposit within legal limits.
Choose a conservative long-run growth assumption.
Set accumulation horizon based on your plan.
Review ending balance under current assumptions.
See impact of higher annual savings amounts.
Math
FV = PV(1+r)^n + PMT[(1+r)^n - 1]/r
IRA growth combines compound returns on existing balance and annuity growth from recurring annual contributions.
Worked cases
Project over 20 years with annual compounding
Shows combined impact of principal growth and new contributions.
Run side-by-side projections with same return and term
Extra contributions materially increase long-term retirement balance.
Hold contributions constant and vary expected return
Builds a planning range instead of relying on a single estimate.
Why use this
Questions