Taxable vs. tax-advantaged savings?

Tax-Deferred assets grow untaxed until they are withdrawn and increase more rapidly than currently taxable assets with the same rate of return. This calculator compares the after-tax accumulation of currently taxable and tax-deferred accounts.
Savings And Assumptions
Initial balance or deposit ($) 
Annual savings amount ($) 
Annual increase in contributions (%) 
Number of years for the analysis 
Before-tax return on savings (%)help
Marginal tax bracket (%)help
Compounding/savings frequency 
Consult

The results and explanations generated by this calculator may vary due to user input and assumptions. New York Life Insurance Company does not guarantee the accuracy of the calculators, results, explanations, nor applicability to your specific situation. We recommend that you use this calculator as a guideline only and you ultimately seek the guidance of an experienced professional.

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