IRA Comparison Calculator
Compare Traditional, Roth, SEP, and SIMPLE IRAs with taxable savings to maximize your retirement strategy
Your Retirement Profile
IRA Comparison Results
| Account Type | Final Balance | Tax Savings | Withdrawal Tax |
|---|---|---|---|
Roth IRA |
$542,300 | $0 | 0% |
Traditional IRA |
$498,200 | $1,440/year | 22% |
SEP IRA |
$612,500 | $2,880/year | 22% |
SIMPLE IRA |
$587,300 | $2,160/year | 22% |
Taxable Account |
$412,750 | $0 | 15% |
Traditional IRA
Contributions may be tax-deductible, and investments grow tax-deferred. Withdrawals in retirement are taxed as ordinary income. Best for those who expect to be in a lower tax bracket during retirement.
Roth IRA
Contributions are made with after-tax dollars, but qualified withdrawals in retirement are tax-free. Ideal for those who expect to be in a higher tax bracket during retirement or want tax-free income.
SEP & SIMPLE IRAs
SEP IRAs are for self-employed individuals and small business owners. SIMPLE IRAs are for small businesses with fewer than 100 employees. Both offer higher contribution limits than traditional IRAs.
Important Information
This calculator provides estimates based on the information you entered. Results are for illustrative purposes only and do not represent actual investment performance. This tool is not financial advice. IRA contributions are subject to annual limits and income restrictions. Withdrawals before age 59½ may be subject to a 10% penalty. This calculator is intended for U.S. residents. For Roth IRA specific calculations, please use our Roth IRA Calculator. Consult with a qualified financial advisor before making any investment decisions.