How Does An IRA, Roth IRA, and Traditional Savings Compare?

Annual contribution:
Years until retirement:
Tax rate before retirement:
Tax rate after retirement:
Rate of return on savings:
 
 
Traditional Savings at retirement:
 
IRA at retirement:
 
Roth IRA at retirement:
 
NOTE: Do not rely on this calculator for your retirement planning. Please contact a financial advisor for more accurate planning. This calculator assumes you withdraw all your savings at retirement and the tax rate is the same through the whole term. For simplicity it is assumed you follow all tax laws regarding maximum contribution, age requirements, etc. The IRA calculation assumes you put any tax savings from your earnings reduction into a taxed savings account. Your personal situation and actual outcome may vary. The best savings plan starts early.
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