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Retirement

How Much Can I Contribute To An IRA?

Good (41 Ratings)

2.170732/5

Many factors can affect your eligibility to contribute to an Individual Retirement Account (IRA) — including your income level, marital status and the availability to you or your spouse of a retirement plan at work. This calculator compares features and eligibility requirements for the Non-deductible IRA, the Traditional IRA and the Roth IRA, and it is designed to help you determine whether you are eligible to contribute to these retirement savings vehicles. Results will depend on current and future tax rates, investment returns, when you will withdraw the money, and how you will use the money.

Employment Information and Assumptions	Input
Modified adjusted gross income	$
Tax filing status	Single/HOHMarried - JointlyMarried - Separately

Employment Information and Assumptions	You	Spouse (if applicable)
Do you participate in a retirement plan at work?	NoYes	NoYes
Anticipated earned income for the year	$	$
Age on Dec. 31 of this year	(1-99)	(0-99)

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Employment Information and Assumptions
Modified adjusted gross income
Tax filing status

Employment Information and Assumptions	You	Spouse
Participate in a retirement plan at work?
Anticipated earned income this year
Age on Dec. 31 of this year

You	Non-Deductible IRA	Deductible IRA	Roth IRA
Are you eligible
Maximum contribution

Your Spouse	Non-Deductible IRA	Deductible IRA	Roth IRA
Are you eligible
Maximum contribution

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This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

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Rates

See today's average rates across the country.

• Mortgage

  Loan Type	Today	Last Week
  30 Year Fixed	6.39%	6.33%
  15 Year Fixed	5.95%	5.86%
  1 Year ARM	6.35%	6.27%
  30 Year Fixed Jumbo	7.56%	7.28%
  5/1 ARM	5.91%	5.73%
  3/1 ARM	5.80%	5.57%

  Source: Bankrate
• Home Equity

  Loan Type	Today	Last Week
  $30K Home Equity Loan	7.56%	7.55%
  $50K Home Equity Loan	7.26%	7.26%
  $75K Home Equity Loan	7.27%	7.27%
  $30K HELOC	5.35%	4.70%
  $50K HELOC	4.92%	3.96%
  $75K HELOC	4.92%	3.95%

  Source: Bankrate
• Savings

  Savings Type	Today	Last Week
  6 month CD	3.10%	3.04%
  1 year CD	3.54%	3.47%
  3 year CD	3.86%	3.78%
  MMA	2.46%	2.38%
  $10K MMA	2.65%	2.56%
  $25K MMA	3.01%	2.89%

  Source: Bankrate
• Auto

  Loan Type	Today	Last Week
  36 Month New Car Loan	6.82%	6.81%
  48 Month New Car Loan	6.87%	6.85%
  60 Month New Car Loan	6.52%	6.50%
  72 Month New Car Loan	6.32%	6.32%
  36 Month Used Car Loan	7.16%	7.15%
  48 Month Used Car Loan	6.85%	6.85%

  Source: Bankrate
• Credit Cards

  Card Type	Today	Last Week
  Balance Transfer	10.31%	10.03%
  Low Interest	11.01%	10.97%
  For Bad Credit	13.02%	13.12%
  Cash Back	11.47%	11.46%
  Business	11.10%	10.91%
  Airline	12.75%	12.69%

  Source: CreditCards.com

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