IRA contributions are a key part of any tax efficient investing strategy. This tool can help you decide between the various options you have.
How To Use This Calculator
- This calculator will calculate the expected future after tax values of an investment made today in five different scenarios: Taxable Account, Roth IRA, Traditional IRA (Deductible), Traditional IRA (Nondeductible), Backdoor Roth IRA.
- You must enter your expected returns, tax rates, and time horizon.
- You may not be eligible for certain scenarios included in this calculator. You can use our IRA eligibility tool to determine if you can make contributions directly to a Roth IRA or nondeductible contributions to a Traditional IRA.
Download This Calculator
- Open this calculator in Google Sheets
- To download this calculator as an Excel spreadsheet file, click here and then select File > Download > Microsoft Excel (.xlsx)
Share This Calculator On Your Website
You are free to use this tool on your website. Simply copy and paste the HTML code below. You must include attribution and links to WealthChannel.com.
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<p><a href="https://wealthchannel.com/tools/ira-scenarios/">IRA Scenario Tool</a> created by <a href="https://wealthchannel.com/">WealthChannel.com</a></p>