IRA Calculator - My Late Start Retirement

Traditional vs Roth IRA Calculator

Compare what the same annual contribution leaves you with, after tax, at retirement.

Current age

Retirement age

Traditional IRA balance today ($)

Roth IRA balance today ($)

Annual contribution ($) 2026 limit: $7,500 under 50 / $8,600 at 50+

Expected annual return (%)

Current marginal tax rate (%) What a Traditional contribution saves you today

Expected tax rate in retirement (%) What you’ll owe when you withdraw Traditional funds

TRADITIONAL IRA

After-tax amount at retirement

Pre-tax balance$0

Tax saved today (for reference)$0

ROTH IRA

After-tax amount at retirement (tax-free)

Total contributed$0

Tax owed$0 (always tax-free)

Traditional

Roth

This tool relies on simplified assumptions (a flat return, a flat tax rate, and equal annual contributions) and is for illustration only, not tax or investment advice. Actual limits, income phase-outs, and your own tax rate change year to year, so confirm your plan with a tax professional.