Trump Account Calculator: Project a Child's Balance at 18
Choose how many years to save, how much to add each year and a growth rate. The receipt shows the money put in, the growth and the projected balance.
Rules checked against the primary sources on .
How Trump accounts work
A Trump account is a traditional IRA opened for a child. Until the year the child turns 18, the money must stay in low-cost funds that track a broad US stock index. Contributions from parents are not tax-deductible, but growth is not taxed until withdrawal.
| Rule | Detail |
|---|---|
| Pilot deposit | $1,000 for US citizens born 2025 to 2028 |
| Yearly limit | $5,000 from all sources except some exempt groups |
| Employer contribution | Up to $2,500 a year, tax-free to the employee |
| First contributions | July 4, 2026 |
| Withdrawals | Not before the year the child turns 18 |
What this calculator assumes
Each year's money goes in on day one and grows at one steady rate. The $5,000 limit is kept flat, though it will rise with inflation after 2027. Gifts from charities or governments that do not count toward the limit are left out.
Sources
Common questions
What is a Trump account?
A new type of traditional IRA for children under 18, created by the 2025 tax law. Money is invested in low-cost US stock index funds and grows tax-deferred until the child is an adult.
Who gets the $1,000 from the government?
Under the pilot program, the Treasury puts $1,000 into the account of each US citizen child born from January 1, 2025 through December 31, 2028, if a parent or guardian elects it. The child needs a Social Security number.
How much can we put in each year?
Up to $5,000 a year from family and others, adjusted for inflation after 2027. An employer can add up to $2,500 of that tax-free. Contributions can start on July 4, 2026.
When can my child take the money out?
Not before the year the child turns 18. After that the account follows the usual traditional IRA rules, so early withdrawals for non-qualified reasons can face tax and a 10% penalty.
How do I open one?
Parents elect the account on IRS Form 4547, which can be filed with a tax return or on its own. The Treasury then sets up the account with a designated trustee.