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Calculators


Got a question that involves number crunching? Use the calculators on this page to find the mathematical answer to the most commonly asked number-crunching questions, and see your inputs displayed next to the graph, chart, and/or table output in a side-by-side display.

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Traditional IRA Future Value Calculator
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IRA contribution limits, including "catch-up" contributions for individuals age 50 or over, are summarized in the table below

Years
%

This calculator will estimate and chart the future value of a tax-deferred traditional IRA. Just enter the required information to calculate the potential value at retirement. The calculation assumes that the same annual contribution is made at the end of each year until retirement, and that all contributions are fully tax deductible. Investment earnings are compounded annually on a tax-deferred basis.




Contribution limits:

Tax year beginning inContribution limits (under age 50)Additional catch-up contribution limits (age 50 or over)
2007$4,000$1,000
2008 to 2012$5,000$1,000
2013 - 2017$5,500$1,000


This calculation assumes that each contribution is fully tax deductible. If either the IRA owner or spouse participates in an employer-sponsored retirement plan, the deductibility of contributions is subject to limitations based on tax filing status and modified adjusted gross income. Withdrawals from traditional IRAs are subject to federal income tax to the extent that they consist of deductible contributions and investment earnings. Withdrawals made before age 59½ may also be subject to a 10 percent penalty.

Traditional IRA Future Calculator Chart
These charts illustrate an estimate of the future value of your IRA based on the supplied data and the assumptions that follow.

The estimated future value of your traditonal IRA at the time of your retirement is $504,642.

After applying your estimated federal tax rate, the estimated after-tax future value of your traditional IRA at the time of your retirement is $378,481.



    Assumptions

  • The same annual contribution is made at the end of each year until retirement. Earnings are compounded annually. Each contribution is fully tax deductible.
  • If either the IRA owner or spouse participates in an employer-sponsored retirement plan, the deductibility of contributions is subject to limitations based on tax filing status and modified adjusted gross income.
  • Withdrawals from traditional IRAs are subject to federal income tax to the extent that they consist of deductible contributions and investment earnings. Withdrawals made before age 59½ may also be subject to a 10 percent penalty.
Note: This is a hypothetical example and is not intended to reflect the performance of a specific investment, nor is it an estimate or guarantee of any future value. Investment fees and expenses have not been deducted. If they had been, the results would have been lower. When making an investment decision, investors should consider their personal investment horizons and income tax brackets, both current and anticipated. It is also important to note that this illustration assumes a fixed annual rate of return; the rate of return on your actual investment portfolio will be different, and will vary over time, according to actual market performance. This is particularly true for long-term investments. It is important to note that investments offering the potential for higher rates of return also involve a higher degree of risk to principal.
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 IMPORTANT DISCLOSURES

CoreCap Investments, Inc., is a member of FINRA/SIPC and does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances.

This website does not constitute an offer to sell or a solicitation of offers to purchase or sell securities in any jurisdiction in which CoreCap Investments, Inc., is not registered as a broker-dealer.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law.  Further, nothing on this site is intended to be, or to be relied upon as, tax, legal, or investment advice. Investors should consult with their own tax, legal, and investment professionals.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
 


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