What‘s the advantage of tax-deferred investing?

In a tax-deferred investment, such as your retirement plan at work or an IRA, the money in the account accumulates tax-deferred until you take it out. This means you have more of your money working for you over the years because Uncle Sam hasn't taken his share yet.

Try our calculator below. It's designed to show you that tax-deferred investing in a retirement plan or IRA can provide more money in your account than if your investment was currently taxable. Of course, you'll still need to pay taxes on the earnings when you withdraw the money.

General information

  How much of your income is targeted for savings each month?


  How long until the income is needed?


  Which best fits your tax situation?

  Single     - or -    Married (filing jointly)