How Much Can I Contribute To An IRA?

Many factors can affect your eligibility to contribute to an Individual Retirement Account (IRA) — including your marital status, availability of a retirement plan at work, current and future tax rates, investment returns, when you will withdraw the money, and how you will use the money.

This calculator compares features and eligibility requirements for the Non-deductible IRA, the Traditional IRA and the new Roth IRA, and it is designed to help you determine whether you are eligible to contribute to these retirement savings vehicles.
     
  Employment Information and Assumptions

Input
  Modified adjusted gross income
  Tax filing status
  You Spouse
(if applicable)
Do you participate in a retirement plan at work? Yes No Yes No
Anticipated earned income for the year
Age on Dec. 31 of this year
     
 

Any rate of return entered into the calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

The information provided here is to assist you in planning for your future. The accuracy of this calculator and its applicability to your circumstances is not guaranteed. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please not that individual situations can vary. Therefore, the information should be relied upon when coordianted with individual advice from qualified professionals.