Traditional IRA Calculator
Traditional IRA growth, this year's tax deduction (with the 2026 workplace-plan phase-out) and what the balance is worth after tax in retirement.
Result
IRA balance at retirement (before tax)
$822,639.72
- After tax at retirement
- $699,243.76
- Total contributed
- $225,000.00
- Investment earnings
- $582,639.72
- Deductible this year
- $7,500.00
- Tax saved this year
- $1,650.00
Common questions
Is my traditional IRA contribution deductible?
Always, if neither you nor your spouse has a retirement plan at work. If you do, the deduction phases out between $81,000 and $91,000 of modified AGI (single) or $129,000 and $149,000 (married filing jointly) in 2026.
When do I have to take money out?
Required minimum distributions start at age 73 (75 for people born in 1960 or later). Withdrawals before 59½ usually carry a 10% penalty on top of income tax.