IRA Contribution Calculator

Check your 2026 IRA limits, Roth eligibility, and which type is best for your situation.

Your Information

Age

Filing Status

Modified AGI ($)

MAGI determines Roth eligibility and Traditional deductibility

Current Roth IRA Balance ($)

Covered by employer retirement plan (401k, 403b, etc.)

2026 IRA Contribution Limits

Max Contribution

$7,000

Roth Allowed

$7,000

Traditional Deductible

$2,800

Tax Savings (Traditional)

$616

Recommendation

Roth IRA is likely best — you're in a lower tax bracket now, and all future growth is tax-free.

Traditional vs Roth IRA

Feature	Traditional	Roth
Tax deduction now	Yes — up to $2,800	No
Tax-free withdrawals	No — taxed as income	Yes (after age 59½, held 5+ years)
Required distributions	Yes — starting at age 73	No — no RMDs during your lifetime
Income limit	None (but deductibility limited)	$150,000–$165,000 phaseout
Early withdrawal	10% penalty + tax on earnings before 59½	Contributions tax/penalty free anytime
Best for	High earners who expect lower tax bracket in retirement	Younger savers, those expecting higher future taxes

Roth IRA Tax-Free Growth Projection

If you contribute $7,000 this year (added to your $25,000 balance), assuming 7% annual return:

5 years

$44,882

10 years

$62,949

15 years

$88,289

20 years

$123,830

25 years

$173,678

30 years

$243,592

All growth and withdrawals from Roth are tax-free after age 59½ (if held 5+ years).

IRA Tips

1.You can contribute up to $7,000 for 2026. At age 50+ you get an extra $1,000
2.Contribution deadline: April 15, 2027 for tax year 2026
3.You can contribute to BOTH Traditional and Roth in the same year — but the combined total cannot exceed the limit

Based on 2026 IRS contribution limits and phaseout ranges. Growth projections are estimates and not guaranteed. Consult a financial advisor for personalized advice.

2026 IRA Contribution Limits

Age	Maximum Contribution	Deadline
Under 50	$7,000	April 15, 2027
50 and older	$8,000 ($7,000 + $1,000 catch-up)	April 15, 2027

Roth IRA Income Phaseout Ranges (2026)

Filing Status	Full Contribution	Partial Contribution	No Contribution
Single / HoH	MAGI under $150,000	$150,000–$165,000	Over $165,000
Married Filing Jointly	MAGI under $236,000	$236,000–$246,000	Over $246,000
Married Filing Separately	N/A	$0–$10,000	Over $10,000

Traditional IRA Deduction Phaseout (Covered by Employer Plan)

Filing Status	Full Deduction	Partial	No Deduction
Single / HoH	MAGI under $79,000	$79,000–$89,000	Over $89,000
Married (both covered)	MAGI under $126,000	$126,000–$146,000	Over $146,000
Married (only spouse covered)	MAGI under $236,000	$236,000–$246,000	Over $246,000

Frequently Asked Questions

What is the backdoor Roth IRA strategy?

If your income exceeds Roth IRA limits, you can still get money into a Roth through the "backdoor" method. Step 1: contribute to a non-deductible Traditional IRA (no income limit). Step 2: convert the Traditional IRA to a Roth IRA. There's no income limit on Roth conversions. The conversion is tax-free if you have no other Traditional IRA balances. If you do have pre-tax IRA money, the pro-rata rule applies, making part of the conversion taxable.

Can I contribute to both a 401(k) and an IRA?

Yes. 401(k) and IRA limits are separate. In 2026, you can contribute $23,500 to a 401(k) plus $7,000 to an IRA. However, if you're covered by an employer plan, your Traditional IRA deduction may be reduced based on your income. Roth IRA contributions are not affected by employer plan coverage — only by your income level.