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IRA Calculator
Individual Retirement Account projection — any type (Traditional or Roth).
Enter values to see your result
Frequently asked questions
What is the IRA contribution limit?
2024: $7,000 base, $8,000 if age 50+. Limits apply across both Traditional and Roth combined — not per account.
Can I contribute to both IRA and 401(k)?
Yes. The contribution limits are separate. However, IRA tax deductibility may be limited if you're covered by a 401(k) and income exceeds certain thresholds.
When can I withdraw?
Withdrawals before age 59½ typically incur a 10% penalty plus income tax (Traditional) or tax on earnings (Roth). Exceptions: first home ($10K), higher education, medical.
What if I don't have earned income?
You can't contribute to your own IRA, but a working spouse can contribute to a Spousal IRA on your behalf — same $7,000 limit.