When is the best time to take Social Security
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IRA Calculator
Use this IRA calculator to estimate how much your annual contributions will be worth when you reach retirement age. Just input a few details – including your age, tax-filing status, IRA contribution amount, and expected rate of return – and WalletHub’s IRA calculator will tell you how much money to expect in your individual retirement account at the end of the day.
RESULTSQ&A
CALCULATORRESULTSQ&A
Current Age
Pre-tax Annual Income
Current IRA Account Balance
Annual Contribution
Annual Rate of Return
Tax Filing Status
Single
- Single
- Head of Household
- Married, filing jointly
- Married, filing separately
Retirement Age
Do You Have Work Plan Coverage?
No
- Yes
- No
Results
Maximum Annual Contribution
$6,000
Your Annual Contribution
$5,700
Current Balance
$0
Balance at Retirement
$438,953
Age
Total Balance
Interest
Contribution
| Age | Beginning Balance | Contribution | Interest | Closing Balance |
|---|---|---|---|---|
| 35 | $0 | $5,700 | $129 | $5,829 |
| 36 | $5,829 | $5,700 | $421 | $11,950 |
| 37 | $11,950 | $5,700 | $727 | $18,377 |
| 38 | $18,377 | $5,700 | $1,048 | $25,126 |
| 39 | $25,126 | $5,700 | $1,386 | $32,212 |
| 40 | $32,212 | $5,700 | $1,740 | $39,652 |
| 41 | $39,652 | $5,700 | $2,112 | $47,464 |
| 42 | $47,464 | $5,700 | $2,503 | $55,666 |
| 43 | $55,666 | $5,700 | $2,913 | $64,279 |
| 44 | $64,279 | $5,700 | $3,343 | $73,323 |
| 45 | $73,323 | $5,700 | $3,796 | $82,818 |
| 46 | $82,818 | $5,700 | $4,270 | $92,788 |
| 47 | $92,788 | $5,700 | $4,769 | $103,257 |
| 48 | $103,257 | $5,700 | $5,292 | $114,250 |
| 49 | $114,250 | $5,700 | $5,842 | $125,792 |
| 50 | $125,792 | $5,700 | $6,419 | $137,911 |
| 51 | $137,911 | $5,700 | $7,025 | $150,636 |
| 52 | $150,636 | $5,700 | $7,661 | $163,997 |
| 53 | $163,997 | $5,700 | $8,329 | $178,026 |
| 54 | $178,026 | $5,700 | $9,031 | $192,757 |
| 55 | $192,757 | $5,700 | $9,767 | $208,224 |
| 56 | $208,224 | $5,700 | $10,541 | $224,465 |
| 57 | $224,465 | $5,700 | $11,353 | $241,518 |
| 58 | $241,518 | $5,700 | $12,205 | $259,423 |
| 59 | $259,423 | $5,700 | $13,101 | $278,224 |
| 60 | $278,224 | $5,700 | $14,041 | $297,965 |
| 61 | $297,965 | $5,700 | $15,028 | $318,692 |
| 62 | $318,692 | $5,700 | $16,064 | $340,456 |
| 63 | $340,456 | $5,700 | $17,152 | $363,309 |
| 64 | $363,309 | $5,700 | $18,295 | $387,304 |
| 65 | $387,304 | $5,700 | $19,495 | $412,498 |
| 66 | $412,498 | $5,700 | $20,754 | $438,953 |
Click to see how your interest and balance change over time.
Tips
Earn $13,503 more in interest
by making $300 more towards your annual contribution.Because your balance will be compounded over the years, the more you can contribute, the more balance it will generate and the longer your IRA will last after you retire.
| Plan Comparison | Current Contribution ($5,700) | New Contribution ($6,000) |
|---|---|---|
| Current Balance | $0 | $0 |
| Total Contribution | $182,400 | $192,000 |
| Total Interest | $256,553 | $270,055 |
| Balance At Retirement | $438,953 | $462,055 |
| Balance Increased by | - | $23,103 |
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