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What is the maximum amount of money that one can have saved in an IRA? I'm not referring to contributions, but the total amount before withdrawing any money.

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up vote 5 down vote accepted

There is no maximum. The only stipulation other than contribution limits is that you must take withdrawals at age 70 1/2.

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What happens if you don't start taking withdrawals at 70.5, and decide you'd start at 80? – monksy Aug 11 '11 at 18:54
The IRS penalizes you the only way they can, with more taxes: Failure to withdraw triggers an excess accumulation tax. This levy is 50 percent of the required distribution that you didn't take. – JohnFx Aug 11 '11 at 19:05
The Roth has no RMD. Original question was for Roth as well. – JoeTaxpayer Aug 12 '11 at 1:42
ROTH IRA's DO in fact have RMD's just not while the original owner is alive. A distinction that may not matter much to the person establishing the Roth IRA, but might matter to their spouse or heirs. see this IRS pub,,id=96989,00.html – Chuck van der Linden Aug 12 '11 at 5:14
It appears that POTUS has been reading this thread and would like to cap deposits when the combined retirement accounts exceed $3M or so. – JoeTaxpayer Apr 13 '13 at 4:06

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