An Individual Retirement Account (IRA) is a tax-savings account targeted to grow your retirement savings.
Our online IRA Calculator will help you determine:
-How much you need to withdraw each month once you retire to live comfortably
-How much you need to contribute each month to maximize employer contribution for monthly retirement withdrawal goal
-How you can forecast for your contributions’ affect on your retirement savings can be done through our online 401-K calculator.
Simply enter your information in the following fields:
Enter your current IRA balance.
Enter the amount of your contributions per year.
Enter the number of years until your retirement.
Enter the percentage of your expected rate of return (the percentage you anticipate your portfolio to grow)
Enter the marginal tax rate (%) you anticipate to have at retirement.
Click on calculate.
The results will be display the after tax amount worth of your ROTH IRA at retirement.