Shrader was born in Indianapolis, Indiana and grew up in Lithia, Florida and attended Newsome High School, where he lettered in football, soccer and tennis.

Coming out of high school, Shrader decided to walk-on to play college football for the South Florida Bulls.

[7][8] In week three of the 2023 season, Shrader set a Notre Dame school record with a 54 yard field goal in a win over NC State.

[14][15] Shrader was elevated to the active roster for the Colts Week 1 game against the Houston Texans following an injury to Matt Gay.

[22] On November 24, Shrader hit a game-winning field goal as time expired, giving the Chiefs a 30–27 victory over the Carolina Panthers.