# IRA Savings Calculator

Leave feedback

Internal Employees

Contact information (optional):

Leave this blank:

Characters left:

This calculator computes the total IRA account savings at retirement and the monthly income produced by those savings based on a certain life expectancy for up to three retirement accounts. It also computes these two amounts in today's dollars (present value).

## Example

If your client's current IRA has \$100,000, and he contributes \$4,000 per year for 10 years, how much will he have for retirement?

Field Input
Current balance of IRA \$100,000
Annual contribution \$4,000
Pre-retirement annual rate of return 8%
Post-retirement annual rate of return 6%
Current age 49
Gender Male
Retirement age 59
Inflation rate 3%

In this example, your client would have \$273,838.75 in IRA savings at retirement, producing a monthly income of \$1,951.81. The present value of these amounts are \$203,761.75 and \$1,452.33.

Note: The inflation rate was used to produce the present values.