IRA Calculator 2026 - Traditional vs Roth IRA Calculator
Compare Traditional IRA vs Roth IRA with our free IRA calculator. Calculate which IRA is better for your situation based on your current and expected retirement tax rates. Plan your IRA contributions for maximum tax benefits.
2026 limit: $7,500 ($8,500 if 50+)
Your marginal tax rate while working
Expected marginal tax rate in retirement
Traditional IRA vs Roth IRA: Which is Better?
Traditional IRA: Contributions are tax-deductible now, but withdrawals in retirement are taxed as ordinary income. Best if you expect to be in a lower tax bracket in retirement. You get an immediate tax deduction, reducing your current taxable income.
Roth IRA: Contributions are made with after-tax dollars, but withdrawals in retirement are completely tax-free. Best if you expect to be in a higher tax bracket in retirement or want tax-free growth. No tax deduction now, but all growth and withdrawals are tax-free in retirement.
IRA Contribution Limits 2026: For 2026, the IRA contribution limit is $7,500 ($8,500 if you're 50 or older). This applies to the combined total of Traditional and Roth IRA contributions, not each account separately. You can split contributions between both types.(Source: IRS.gov)
Roth IRA Income Limits: For 2026, Roth IRA contributions phase out at modified adjusted gross income (MAGI) of $153,000-$168,000 for single filers and $243,000-$253,000 for married couples filing jointly. Traditional IRA has no income limits for contributions, but deductibility may phase out if you have a workplace retirement plan.(Source: IRS.gov)
Which Should You Choose? Generally, if your current tax rate is higher than your expected retirement tax rate, Traditional IRA may be better. If your current tax rate is lower than your expected retirement tax rate, Roth IRA may be better. Our calculator helps you compare both options with your specific tax rates. Read our detailed 401k vs IRA comparison guide.
Official Sources: IRA contribution limits, income limits, and tax rules are based onIRS.gov IRA guidelines. For the most current information, visit theIRS IRA contribution limits page.
Frequently Asked Questions - IRA Calculator
The better choice depends on your current tax rate vs expected retirement tax rate. If your current tax rate is higher than your expected retirement tax rate, Traditional IRA may be better. If your current tax rate is lower, Roth IRA may be better. Our IRA calculator compares both options with your specific tax rates.
The IRA contribution limit for 2026 is $7,500 ($8,500 if you're 50 or older). This limit applies to the combined total of Traditional and Roth IRA contributions, not each account separately. For official IRS limits, visitIRS.gov.
Yes, you can contribute to both Traditional and Roth IRA in the same year, but the combined total cannot exceed the annual limit ($7,500 in 2026, or $8,500 if 50+). Many people use both strategically based on their tax situation.
For 2026, Roth IRA contributions phase out at modified adjusted gross income (MAGI) of $153,000-$168,000 for single filers and $230,000-$240,000 for married couples filing jointly. Traditional IRA has no income limits for contributions, but deductibility may phase out if you have a workplace retirement plan.