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.


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

  • 1
    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
  • 1
    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
  • 3
    The Roth has no RMD. Original question was for Roth as well. Aug 12 '11 at 1:42
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    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 irs.gov/retirement/article/0,,id=96989,00.html Aug 12 '11 at 5:14
  • 2
    It appears that POTUS has been reading this thread and would like to cap deposits when the combined retirement accounts exceed $3M or so. Apr 13 '13 at 4:06

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