Tax-year rules change
Eligibility and contribution limits depend on tax year, income, filing status and law. This page uses the limit you enter and does not determine eligibility.
Example
With a 15,000 current balance, 7,000 annual contribution, 6% annual return and 20 years, the projection shows how regular contributions and compounding combine over time.
Common mistakes
Do not assume the contribution limit is the same every year or that everyone is eligible. Income phaseouts and tax-year rules can change the amount you may contribute.
Limitations
This is not tax, legal or investment advice. It does not model income eligibility, early withdrawal rules, taxes, fees, asset allocation or changing annual limits.
Last reviewed: 2026-05-17