IRAs

An IRA makes saving for the future less taxing

IRAs offer an opportunity to save for a comfortable retirement and long-term tax advantages too.

Ready to get started? Open an IRA today

What is an IRA?

An IRA (individual retirement account) is a personal, tax-deferred account the IRS created to give investors an easy way to save for retirement.

Learn more about IRAs

Why invest in an IRA

Benefit from tax breaks

Save on your taxes now with a deduction, or save later with a tax-free withdrawal—it depends on the type of IRA you choose. And in between now and later, let your earnings grow tax-deferred.

Learn about the types of IRAs

Give your money a chance to grow

Build your account with income from interest, dividends, and capital gains that can compound each year without taxes nipping away at it.

Learn more about the power of compounding

Enjoy greater investment flexibility

Pick from a wider range of investment choices than what's offered by most 401(k)s and other employer retirement plans.

Pick investments for your IRA

Compare 401(k)s vs. IRAs

Help secure your retirement nest egg

Use an IRA to start saving for retirement or to supplement and help diversify savings you may have in other retirement accounts.

How your savings could add up

While the annual IRA contribution limit of $6,000 may not seem like much, you can stack up significant savings.

Here's a hypothetical example: If you contribute $6,000 yearly and realize a 6% average annual return, at the end of 20 years, you could have $233,956 in your retirement account. (Note that this figure doesn't represent the return on any particular investment and the rate of return is not guaranteed.)

Vanguard's low costs add another dimension to your savings

The average Vanguard mutual fund  expense ratio is 82% lower than the industry average.* The less you pay for your funds, the more you can keep in your pocket.

Learn how to open your IRA

Over age 50?

Once you reach age 50, you qualify for an extra $1,000 IRA catch-up contribution. This means your annual limit jumps to $7,000, potentially adding more strength to the power of compounding and greater savings for you.

Traditional IRA

A traditional IRA lets your earnings grow tax-deferred.

Learn more about traditional IRAs

Roth IRA

A roth IRA offers tax-free growth and tax-free withdrawals in retirement.

Learn more about Roth IRAs

Spousal IRA

Help give your spouse equal footing when it comes to retirement.

Learn more about spousal IRAs

Still need help? Consider our advisor services

Vanguard Personal Advisor Services®

Get personalized support as you strive toward your goals, no matter where you stand on your financial journey.

To get started, call us at 800-523-9447 to speak with an investment professional or click the link below.

Vanguard Digital Advisor®

Let our new online financial planner match an investment strategy to your retirement goals.

Ready to open an IRA?

New to Vanguard?


Already a Vanguard client?  Log in and add open an IRA on your account.

Ready to open an IRA?

New to Vanguard?


Already a Vanguard client?  Log in and add open an IRA on your account.

For more information about Vanguard funds or ETFs, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.

Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company. 

*Vanguard average expense ratio: 0.09%. Industry average expense ratio: 0.49%. All averages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2021.

When taking withdrawals from an IRA before age 59½, you may have to pay ordinary income tax plus a 10% federal penalty tax.

All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.