Project a traditional IRA balance and show an editable illustration of the current-year tax deduction value.
Monthly end-of-period contributions. Net annual factor = (1 + gross return) × (1 − annual fee). Inflation discounts the ending balance. Taxes and variable market returns are not modelled.
| Year | Balance | Invested | Gain / loss |
|---|---|---|---|
| 0 | $10,000.00 | $10,000.00 | $0.00 |
| 1 | $13,734.39 | $13,000.00 | $734.39 |
| 2 | $17,710.20 | $16,000.00 | $1,710.20 |
| 3 | $21,943.06 | $19,000.00 | $2,943.06 |
| 4 | $26,449.56 | $22,000.00 | $4,449.56 |
| 5 | $31,247.42 | $25,000.00 | $6,247.42 |
| 6 | $36,355.45 | $28,000.00 | $8,355.45 |
| 7 | $41,793.72 | $31,000.00 | $10,793.72 |
| 8 | $47,583.57 | $34,000.00 | $13,583.57 |
| 9 | $53,747.74 | $37,000.00 | $16,747.74 |
| 10 | $60,310.42 | $40,000.00 | $20,310.42 |
Method: This model combines an initial balance with end-of-month contributions. It reduces the gross annual growth factor by an annual asset fee, then converts the net factor to a monthly rate. The ending balance is discounted by inflation to show purchasing power.
Inputs used: Currency = USD; Starting investment = 10,000; Monthly contribution = 250; Investment horizon = 10 years; Gross annual return = 7 %; Annual asset fee = 0.5 %; Annual inflation = 2.5 %
Assumptions: The result uses the values, units and options shown in the input snapshot.
Scope and warnings: Monthly end-of-period contributions. Net annual factor = (1 + gross return) × (1 − annual fee). Inflation discounts the ending balance. Taxes and variable market returns are not modelled. Rounding and excluded real-world terms can make an external result differ.
Investor.gov financial tools · As stated by the source · effective As published · reviewed 2026-09-12
medium confidence · Deterministic calculation
Linked as a method or contextual reference; calculator inputs remain visible and editable where applicable.
Exclusions: Source applicability and any jurisdictional limits remain those stated by the publisher.
Annual contributions are added at year end and compounded at the rate you enter. The tax illustration multiplies the selected contribution by your entered marginal rate; it does not decide deductibility.
A $7,000 annual contribution at a 22% entered marginal rate has an illustrative $1,540 current-year tax value before eligibility checks.
No. Limits, income restrictions, workplace-plan coverage, deductions, conversions and withdrawal tax rules change and must be verified with the IRS.
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This calculator applies the amounts, rates and assumptions you enter to a transparent planning model.
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