Free IRA Calculator - Calculate Your Retirement Balance
Calculate your IRA balance at retirement with compound growth
Formula & Methodology
Calculates the future value of your current IRA balance plus the future value of your annual contributions, compounded annually.
- FV = PV × (1 + r)^n + PMT × [((1 + r)^n - 1) / r]
Worked Example
Using the IRA Contribution Calculator: apply the formula above to your input values. For instance, FV = PV × (1 + r)^n + PMT × [((1 + r)^n - 1) / r]. The tool performs each step instantly and shows the result.
Frequently Asked Questions
What are the IRA contribution limits?
Limits are set annually by the IRS, with an extra catch-up amount allowed once you reach age 50.
What is the difference between Traditional and Roth IRAs?
Traditional contributions may be tax-deductible now and taxed at withdrawal; Roth contributions are after-tax but grow tax-free.
How much will my IRA grow?
It projects growth from your contributions and assumed return, showing the power of consistent tax-advantaged investing.