IRA Contribution Calculator
What could steady contributions become?
An educational look at how a current balance plus steady yearly contributions could grow by retirement. Bring the results to your tax advisor or a local banker.
Annual contribution limits are set by the IRS and can change from year to year. Check the current limit before you contribute.
A long-term average assumption, not a guarantee. Actual returns vary from year to year.
IRA type
The growth projection is identical for both types. Only the tax treatment differs, explained under the results.
Traditional IRA: contributions may be tax deductible now, and withdrawals in retirement are generally taxed as income. The growth projection above is the same either way.
Roth IRA: contributions are made with after-tax dollars, and qualified withdrawals in retirement are generally tax free. The growth projection above is the same either way.
Educational estimate only, not tax or investment advice. Contribution limits, deadlines and tax treatment depend on your situation. Please talk with your tax advisor. Member FDIC.
Why run this
Decades of small deposits add up. See it in numbers.
See the whole arc
A projection turns "someday" into a number you can watch grow, year by year, contribution by contribution.
Sit down with a real person
Bankers who have served Mercer County since 1911 can walk you through IRA account options face to face, no phone tree required.
Information, not pressure
This is an educational tool. Your tax advisor knows your situation, and we are happy to explain the account side at any branch.
Questions about IRAs?
Stop by any branch. A local banker can explain the account options, and your tax advisor can speak to what fits your situation.