RETIREMENT TOOLS
IRA calculator
Compare Traditional and Roth IRA options to a general (taxable) investment account and see how certain assumptions can impact your retirement strategy by adjusting the sliders on the IRA calculator below.
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Frequently asked questions
Please note: this isn't a projection of performance, but a calculation based on the inputs and assumptions outlined above. It's not a guarantee or representation of future performance.
To calculate the potential future value of your deductible Traditional, non-deductible Traditional or Roth IRA, we consider your starting account balance and monthly contributions, take into account tax savings from your deductible Traditional IRA contributions, and credit your earnings at the annual rate of return over the number of years between your current age and your targeted retirement age. We then adjust your Traditional IRA (both deductible and non-deductible) to account for deferred-taxes on earnings, and in the case of a deductible Traditional IRA, taxes on the deductible contributions, to show the future value of your account in after-tax dollars, at the year of retirement. For example, assuming you have a starting account balance of $10,000, with a $500 monthly contribution, over a 20-year span until retirement and the defaulted rates, the after-tax value of your non-deductible Traditional IRA in retirement would be $860,000.
To calculate the potential future value of your general (taxable) investment account, we consider your starting account balance and monthly contributions, credit your earnings at the annual rate of return over the number of years between your current age and your targeted retirement age, and adjust for taxes owed, which shows the future value of your account in after-tax dollars, at the year of retirement.
There are some key factors that determine what account type(s) you might be eligible for, and which may be the right fit for you. Learn more (PDF) about these factors in our account type comparison guide. You should connect with a tax or legal professional before making a decision.
Start planning for retirement
Traditional IRA
Your contributions may be tax-deductible. Your earnings, if any, are tax-deferred and will be included in your taxable income at the time of withdrawal.
Roth IRA
Your contributions are not tax-deductible. Your earnings, if any, are tax-deferred and may be withdrawn tax-free if certain conditions are met.
General investment
This is a standard individual or joint investment account. You get the flexibility to withdraw your money at any time, without the tax benefits of an IRA.
Discover how you can prepare for retirement
Retirement calculators
Knowing where you are today is an important step toward planning for your future. Run your numbers with our calculators to see how your current plan is working toward your goals.
Retirement calculators
Knowing where you are today is an important step toward planning for your future. Run your numbers with our calculators to see how your current plan is working toward your goals.
Plan for retirement
Whatever you’re looking forward to—more time with family, traveling or pursuing your passions—we can can help you prepare for what comes next.
Plan for retirement
Whatever you’re looking forward to—more time with family, traveling or pursuing your passions—we can can help you prepare for what comes next.
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