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2026 IRS Limits Updated

IRA Contribution Calculator

Project your balance at retirement with Traditional or Roth IRA contributions, catch-up rules, and income phase-out limits built in.

Account type

Traditional IRA: Anyone with earned income can contribute. Deductibility phases out if you (or a spouse) are covered by a workplace plan and your income exceeds IRS thresholds.

Your profile

Income & growth

The S&P 500 has averaged ~10% annually. We default to 7% as a conservative estimate.
Covered by a workplace retirement plan (401k, 403b, etc.) Affects deductibility phase-out thresholds for Traditional IRA.

Contributions

Maximize to IRS limit Automatically contribute the full IRS limit each year, including catch-up when eligible.
Contribution summary
Your contribution—
Catch-up amount—
Total annual contribution—

Catch-up contributions

Catch-up at age 50+

Balance at retirement

—

Total contributions

—

you contributed

Total growth

—

investment returns

Catch-up boost

—

vs. no catch-up

Field guide
What each input means and how to find it
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Account type

Traditional IRA
Contributions may be tax-deductible depending on your income and whether you have a workplace plan. Growth is tax-deferred; you pay taxes on withdrawals in retirement.
Roth IRA
Contributions are made with after-tax dollars. Growth and qualified withdrawals are tax-free. Subject to income limits — high earners may be phased out entirely.

Your profile

Current age
Your age today. The calculator projects your IRA from now until retirement.
Retirement age
When you plan to stop working. Age 59½ is the earliest you can withdraw from a Traditional IRA penalty-free; Roth contributions can be withdrawn anytime.
Current IRA balance
Your existing IRA balance today. Find this on your brokerage statement.

Income & growth

Modified AGI
Your Modified Adjusted Gross Income. Used to determine phase-out limits. Roughly equal to your gross income minus select deductions (student loan interest, etc.).
Example: if your W-2 salary is $80,000 and you have no adjustments, your MAGI is ~$80,000.
Filing status
Your tax filing status, which determines your income phase-out range for IRA contributions.
Workplace plan coverage
If you or your spouse are covered by a 401(k), 403(b), or other workplace plan, Traditional IRA deductibility phases out at lower income levels.
Rate of return
Average yearly investment growth. 7% is a conservative long-term estimate for a diversified portfolio. Past returns do not guarantee future results.

Contributions & catch-up

Annual contribution
How much you contribute to your IRA each year. Cannot exceed the IRS limit or your earned income for the year, whichever is lower.
Catch-up at 50+
Workers aged 50 and older can contribute an extra $1,000 per year above the standard IRA limit.
How it works

How this calculator works

Enter your current age, retirement age, starting balance, and annual contribution amount. The calculator projects your IRA balance at retirement using compound interest based on your expected rate of return. Toggle between Traditional and Roth to compare tax treatment strategies side by side.

1
Enter your details
Your age, starting balance, and annual contribution amount
2
Choose IRA type
Traditional or Roth based on your tax situation
3
Set your rate
Expected annual return — default is 7%
4
See your projection
Balance at retirement with year-by-year breakdown
FAQ

Frequently asked questions

What is the 2026 IRA contribution limit?
For 2026 the IRA contribution limit is $7,500 per year. If you are age 50 or older you can contribute up to $8,600 thanks to the catch-up contribution provision. This limit applies to the combined total of all Traditional and Roth IRA contributions you make in a given year.
What is the difference between a Traditional and Roth IRA?
Traditional IRA contributions may be tax-deductible, reducing your taxable income today — but withdrawals in retirement are taxed as ordinary income. Roth IRA contributions are made with after-tax dollars, meaning no deduction now, but qualified withdrawals in retirement are completely tax-free.
Can I contribute to both a Traditional and Roth IRA?
Yes — you can contribute to both in the same year, but your combined contributions cannot exceed the annual limit of $7,500 (or $8,600 if age 50 or older). You cannot exceed the limit by splitting contributions across both account types.
Are there income limits for IRA contributions?
Roth IRA contributions phase out at higher incomes. For 2026 the phase-out range begins at $153,000 for single filers and $242,000 for married filing jointly. Traditional IRA deductibility also phases out if you or your spouse are covered by a workplace retirement plan.
When is the deadline to contribute to an IRA?
You have until the federal tax filing deadline — typically April 15 — to make IRA contributions for the prior tax year. For example, you can make 2025 IRA contributions until April 15, 2026. Extensions do not apply to IRA contribution deadlines.
What happens if I contribute more than the IRA limit?
Excess IRA contributions are subject to a 6% excise tax for each year the excess remains in the account. If you realize you have over-contributed, you can withdraw the excess contributions plus earnings before the tax filing deadline to avoid the penalty.