Estimate the growth of annual IRA contributions over time under current federal tax law.
Projects the value of making an annual IRA contribution every year until retirement, compounded at the assumed return. Traditional contributions may lower your tax bill now; Roth contributions grow tax-free.
FV
FV = annual × ((1+r)^n − 1)/r
Projection only.
The IRA limit (currently $7,000, higher at 50+) is indexed by the IRS each year.
Rates are approximate reference values. Local rates, exemptions and rules can differ, so treat the output as a planning figure only.