Finance Tools

SIMPLE IRA Calculator

Estimate SIMPLE IRA employee contributions and project retirement balance growth over time using an expected annual return.

SIMPLE IRA Calculator

Estimate SIMPLE IRA employee contributions based on salary and contribution percent, then project how your balance could grow over time with compound returns. This is a simplified planning model.

This estimates employee contributions (salary × percent).

Results

Estimated Annual Contribution: $5,600

Total Contributed Over 25 Years: $140,000

Estimated Investment Growth: $167,241

Projected SIMPLE IRA Balance: $307,241

Assumption: constant annual contribution and 6.0% return.

How SIMPLE IRA contribution estimates work

This calculator multiplies salary by an employee contribution percent to estimate annual contributions. It then applies compound growth to estimate a future balance. Real SIMPLE IRA rules and limits can vary by year.

FAQ

Does this include employer contributions?

No. SIMPLE IRA plans may include employer match or nonelective contributions. This tool focuses on employee contribution estimates.

Does this enforce official SIMPLE IRA limits?

No. Limits can change by year. Treat this as a planning estimate and adjust inputs as needed.

How to use this simple ira calculator

  1. Enter your annual salary (or compensation).
  2. Enter your employee contribution percent.
  3. Choose years to invest and an expected annual return.
  4. Review estimated annual contribution and projected retirement balance.

Example

If salary is $70,000 and you contribute 8% for 25 years at 6% return:

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