Retirement Calculators
IRA Calculator
Project the balance of a traditional individual retirement account from regular contributions and expected returns.
Projected balance at retirement
$923,029
- Total contributed
- $243,000
- Investment growth
- $680,029
How this calculator works
Balance grows monthly: balance × (1 + r) + contributions
- r
- the monthly return derived from the annual figure
- contributions
- your payments plus any employer contribution
Example calculation
Illustrative example — not advice
Worked example — the ira calculator as it loads, using the default figures below.
- 01Enter current age: 35.
- 02Enter retirement age: 65.
- 03Enter current balance: $45,000.
- 04Enter monthly contribution: $550.
- 05Enter expected annual return: 6.5%.
- 06Read the projected balance at retirement from the results panel: $923,029.
Projected balance at retirement: $923,029. Total contributed: $243,000. Investment growth: $680,029.
These figures come straight from the calculator above running on the values listed, so you can retype them and confirm every number yourself. Change any input and the results update immediately. Illustrative only — not a quote, offer or recommendation.
Important considerations
- Annual contribution limits and tax rules apply and change over time.
- Returns are assumed constant; real outcomes vary year to year.
Related calculators
- Roth IRA CalculatorRoth IRA balance from after-tax contributions.
- 401(k) CalculatorWorkplace plan balance including employer contributions.
- Retirement CalculatorProject your retirement balance and the income it could sustain.
- Retirement Savings CalculatorCombined retirement savings projection.
- Social Security Benefit CalculatorEstimated benefit and the effect of claiming age.
- Required Minimum Distribution CalculatorMinimum withdrawal required from a retirement account.
Terms used here
Frequently asked questions
When is tax paid on a traditional IRA?
Contributions may be deductible now and withdrawals are taxed later, which is the reverse of a Roth.
Disclaimer
Legamoney calculators are educational tools. Results are estimates based on the figures you enter and do not constitute financial, tax or legal advice.
Last reviewed 2026-08-01