IRA Comparison
This calculator helps to determine which type of IRA contribution is appropriate for you given your personal financial information, rate of return and years until retirement.
After you've entered your information below, click the "Calculate" button to determine which IRA type is best for you.
Input - Personal Information
What will your tax filing status be?
Married, Filing Jointly
Married, Filing Separately
Single
Did you live with your spouse at any time during the year?
Yes
No
Do you participate in an employer-sponsored retirement plan
1
?
Yes
No
Does your spouse participate in an employer-sponsored retirement plan
1
?
Yes
No
What is your estimated Modified Adjusted Gross Income (MAGI)
2
?
$
What percentage of your contribution is deductible?
%
How much will you contribute each year?
Planned annual contribution amount
Use maximum annual contributions
$
What is your current income tax rate?
Federal
0%
10%
12%
22%
24%
32%
35%
37%
State
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
What is your expected income tax rate at retirement?
0%
10%
12%
22%
24%
32%
35%
37%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
What is your date of birth?
At what age do you plan to retire?
What average rate of return do you expect to earn on your IRA investment
3
?
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
11%
12%
1
Employer-sponsored retirement plans include 401(k) and 403(b) plans.
2
Your MAGI is your adjusted gross income as figured on your federal income tax return, with certain deductions and exclusions added back.
3
Use an average rate of return that's appropriate for the mix of investments in your portfolio.
Calculate
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