New IRS IRA limits drop see how rich you would be if you saved this much annually

Ira contribution limit 2026 $7,500: The IRS has announced the 2026 IRA contribution limit will be $7,500. Saving this amount monthly could lead to significant retirement funds. Investing in an S&P 500 index fund could grow savings to $1.38 million. A balanced 60/40 portfolio might yield over $882,000. These figures offer a glimpse into future retirement wealth.