IRA Calculator

 

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DEFINITIONS

Current age: Your current age
Age of retirement: Age you desire to retire.
Annual contribution: The amount you will contribute to your regular IRA each year.
Expected rate of return: The annual percent you expect to earn on your investment.
Current tax rate: Your current marginal tax rate you expect to pay on your taxable investments.
Retirement tax rate: The marginal tax rate you expect to pay on your investments at retirement.
Adjusted gross income: What you anticipate your income to be. This is used to calculate whether you are able to deduct your annual contributions from your taxes.
Married: Check the box if you are married. This is used to determine whether you can deduct your annual contributions from your taxes.
Years until retirement: Number of years before retirement.
Employer plan: Check the box if you have an employer sponsored retirement plan, such as a 401k or pension. This is used to determine if you can deduct your annual contributions from your taxes.
Total non-deductible contributions: The total amount for your contributions that were deposited without a tax deduction.
Total contributions: The total amount contributed to this IRA.
IRA total before taxes: Total value of your IRA at retirement before taxes.
IRA total after taxes: Total value of your IRA at retirement after taxes are paid.
Total taxable account: Total value of your savings, at retirement, if the after tax contribution amount is deposited into a taxable account.

Enterprise Bank's information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

All information you enter is confidential and private. No information is collected unless you select to.
All results are calculated on your local computer.

© 2003 Enterprise Bank, Member FDIC, Equal Housing Lender.