IRA Spend It or Save It Calculator

Spending your IRA before you retire can be a costly decision. Depending on your age and tax bracket, spending your IRA can cost you thousands of dollars both in taxes and lost earnings. This calculator helps illustrate the difference between spending your IRA now, and saving it for retirement.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.