Use this free Trump Account calculator to see what your child’s account could grow to by 18 and by retirement.
Start with the federal $1,000 seed for babies born 2025–2028, add family and employer deposits of up to $5,000 a year, and pick one of the low-cost U.S. index funds the account is allowed to hold. The projection reinvests dividends the way the trustee does, and the timeline below shows when the money can come out and how it is taxed.
One-time giftsEdit
How the growth is computed
- Price growth — the steady yearly rate (CAGR) that turns the closing price at the start of the period into the latest close. Prices are split-adjusted and fund fees are already inside them.
- Dividend yield — today’s run-rate: the latest dividend × payments per year as of that payment, divided by the latest price. Never a trailing 12-month total.
- Dividend growth — the same dividend CAGR DRIPCalc’s dividend reinvestment calculator uses: the run-rate (payment × payments per year on that date) at each end of the period, each the middle of three payments, so a change in how often a fund pays can’t fake growth or a cut.
| Fund | Price growth | Dividend yield | Dividend growth | Past total return | Period |
|---|---|---|---|---|---|
| S&P 500VOO | +8.95% | 1.04% | +5.50% | +10.95% | Oct 2006 – Oct 202620 years · SPY before Sep 2010 |
| Total U.S. MarketVTI | +8.87% | 1.02% | +6.17% | +10.84% | Oct 2006 – Oct 202620 years |
What is a Trump Account?
A Trump Account is a new kind of traditional IRA for children, created by the One Big Beautiful Bill Act (signed July 4, 2025; section 530A of the tax code). The child owns the account and a parent or guardian manages it. Until January 1 of the year the child turns 18, all the money in it — the seed, family and employer deposits and gifts alike — has to sit in low-cost U.S. stock index funds, nobody can take it out, and family and employers together can add up to $5,000 a year. Children born from 2025 through 2028 also get a one-time $1,000 deposit from the U.S. Treasury — officially the Trump accounts contribution pilot program.
Official program site: trumpaccounts.gov (U.S. Treasury). The IRS rules page is irs.gov/trumpaccounts.
Where things stand (as of Oct 26, 2026): contributions opened on July 4, 2026, and on October 1, 2026 Treasury automatically opened accounts for eligible children with a Social Security number. The White House reports nearly 70 million accounts and more than $4.5 billion deposited — $1.3 billion in $1,000 seeds, over $600 million from families and $2.6 billion from donors. Robinhood Securities is the initial trustee and broker, BNY is Treasury’s financial agent, and parents claim and manage the account in the Trump Accounts app or on its website.
Trump Account rules at a glance
| Who can have one | Any child under 18 with a Social Security number. |
|---|---|
| $1,000 seed | U.S.-citizen children born Jan 1, 2025 – Dec 31, 2028 with an SSN. Claim it with IRS Form 4547. |
| Yearly limit | $5,000 from family, friends and employers combined (inflation-adjusted after 2027). The seed, government or charity gifts (like Dell’s) and rollovers don’t count. |
| Employer money | Up to $2,500 a year, not taxed to the employee — per employee, not per child — and inside the $5,000. |
| Investments until Jan 1 of the year the child turns 18 | The rule covers the whole account — seed, family, employer and gift money alike: only a mutual fund or ETF tracking the S&P 500 or another index of mostly U.S. companies, no leverage, fees of 0.10% a year or less. Default fund: SPYM. Dividends are reinvested. Which funds qualify |
| Investments after that | Regular IRA rules for the whole account: the child can sell the index fund and buy other investments an IRA may hold, such as individual stocks or other funds. |
| Contribution window | From July 4, 2026 to Dec 31 of the year before the child turns 18. |
| Withdrawals | None until Jan 1 of the year the child turns 18 (only a move to another Trump Account, an ABLE rollover at 17, excess contributions or death). After that: traditional IRA rules. |
Which funds can a Trump Account hold?
Until January 1 of the year the child turns 18, every dollar in the account has to be in a mutual fund or ETF that tracks the S&P 500 or another index of mostly U.S. companies (at least 90% U.S. by weight is a safe harbor), uses no leverage and charges 0.10% a year or less. The index also needs futures contracts traded on a regulated exchange, can’t be built around an industry or sector, and can’t be an ESG index; indexes defined by company size are allowed. Today every account is in SPYM; Treasury has picked IVV, VTI, SPTM and ITOT as choices for the coming months. From that January 1, regular IRA rules apply and any of these funds — or individual stocks — can be held.
| Fund | Index | Fee | Assets | Allowed before 18? |
|---|---|---|---|---|
| SPYMSPDR Portfolio S&P 500 ETF | S&P 500 | 0.02% | $154B | Yes Treasury’s default fund: every account starts in it. |
| VOOVanguard S&P 500 ETF | S&P 500 | 0.03% | $996B | Yes The law names the S&P 500. Not in the official app yet. |
| IVViShares Core S&P 500 ETF | S&P 500 | 0.03% | $888B | Yes Picked by Treasury as a coming choice in the app. |
| SPYSPDR S&P 500 ETF Trust | S&P 500 | 0.0945% | $781B | Yes The law names the S&P 500; the fee is just under the cap. Not in the official app yet. |
| VTIVanguard Total Stock Market ETF | CRSP US Total Market | 0.03% | $669B | Yes Picked by Treasury as a coming choice in the app. |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | S&P Total Market | 0.03% | $94B | Yes Picked by Treasury as a coming choice in the app. |
| SPTMSPDR Portfolio S&P 1500 Composite Stock Market ETF | S&P Composite 1500 | 0.03% | $14B | Yes Picked by Treasury as a coming choice in the app. |
| IJHiShares Core S&P Mid-Cap ETF | S&P MidCap 400 | 0.05% | $124B | Yes Meets each rule: U.S. stocks, futures trade on its index, and size-based indexes are allowed. Not in the official app yet. |
| IJRiShares Core S&P Small-Cap ETF | S&P SmallCap 600 | 0.06% | $111B | Yes Meets each rule: U.S. stocks, futures trade on its index, and size-based indexes are allowed. Not in the official app yet. |
| VUGVanguard Growth ETF | CRSP US Large Cap Growth | 0.03% | $217B | Unclear The fee is low enough and it holds U.S. stocks, but the law also requires futures contracts traded on the fund’s index — we found none for VUG’s index, and Treasury hasn’t listed it. |
| SCHDSchwab U.S. Dividend Equity ETF | Dow Jones U.S. Dividend 100 | 0.06% | $95B | Unclear The fee and U.S. stocks pass. Futures on its index only started trading on Sep 21, 2026, and Treasury hasn’t listed it. |
| QQQInvesco QQQ Trust | Nasdaq-100 | 0.18% | $490B | No Its fee is 0.18% a year — over the 0.10% cap. |
| VTVanguard Total World Stock ETF | FTSE Global All Cap | 0.06% | $74B | No A world fund: only about 60% U.S. companies, and the index has to be mostly U.S. |
Fees from each fund’s issuer; assets from chartrow.com on Oct 23, 2026 (SPTM: State Street, Aug 14, 2026). The investment rules are still proposed (Aug 21, 2026). “Unclear” means the fund passes the fee and U.S.-stock tests but we could not confirm the futures test, and Treasury hasn’t listed it. The trustee decides which eligible funds it actually offers.
Timeline: when parents can invest and when the child takes over
- Birth and SSN. The account is opened by election (Form 4547) or automatically by Treasury. Parents must claim it in the app before they can manage it or add money.
- July 4, 2026 — contributions open. Family, friends and employers can deposit; the $1,000 seed and donor gifts arrive separately.
- Every year until the child is 17. Up to $5,000 a year. The last day to contribute is December 31 of the year before the child turns 18 — for a child born in 2026 that is December 31, 2043.
- January 1 of the year they turn 18 — the “growth period” ends. The account has been a traditional IRA all along; now the special Trump Account rules stop and regular IRA rules apply. Money can come out, taxed, and before 59½ usually with a 10% extra tax unless an exception applies.
- Age 59½. The 10% early-withdrawal tax goes away; withdrawals are still taxed as ordinary income, except the family’s after-tax basis.
The calculator above prints these dates for the birth year you pick.
What your child can do with a Trump Account
Before 18: index funds only, nothing comes out
- Only eligible index funds — for the whole account. The rule covers every dollar: the $1,000 seed, family and employer money and donor gifts alike. A mutual fund or ETF tracking the S&P 500 or another index that is at least 90% U.S. stocks, with no leverage and fees of 0.10% a year or less. Sector, ESG, covered-call and money market funds don’t qualify, and neither do individual stocks — except stock given through a government or charity program, which has to be sold into an eligible fund within 5 years or by 18. (IRC § 530A(b)(3); Notice 2025-68, Q&A D-1 to D-8; proposed § 1.530A-3, Aug 21, 2026; temporary § 1.530A-7T)
- The parent or guardian makes the trades. The “responsible party” named in the account agreement picks among the eligible funds the trustee offers, can switch between them or split money across several, and no rule limits how often. Today Treasury puts everything in SPYM; IVV, VTI, SPTM and ITOT were selected as choices for “the coming months.” Accounts Treasury opened automatically stay in a pooled default fund until the family claims them. (Notice 2025-68, Q&A A-1, D-7, D-10; Treasury, Jul 1, 2026; temporary § 1.530A-1T)
- Dividends stay in and are reinvested. Cash may sit only as long as it takes to reinvest it. The trustee says where dividends go (the same fund or the default fund) and the parent can pick another eligible fund. Paying dividends out to the family isn’t possible — it would be a withdrawal. (Notice 2025-68, Q&A D-8; proposed § 1.530A-3(g)(4)(iii) and (g)(5)(i); IRC § 530A(d)(1))
- No withdrawals, with four exceptions: moving the whole balance to another Trump Account for the same child, a full rollover to an ABLE account in the year the child turns 17, the return of an over-limit contribution, or the child’s death. There are no hardship withdrawals. (IRC § 530A(d); Notice 2025-68, Q&A E-2, E-3)
From January 1 of the year they turn 18: regular IRA rules
- It’s a regular traditional IRA now. The special rules stop on January 1 of the year the child turns 18; contributions, withdrawals, rollovers, Roth conversions and taxes then follow ordinary traditional-IRA rules. The account agreement may move the money automatically into the same trustee’s regular IRA. (Notice 2025-68, pp. 5–6 and Q&A A-10; temporary § 1.530A-1T(b)(3))
- Your child can sell and switch investments. The index-fund-only rule ends, so the account holder can sell the index fund and buy other investments an IRA may hold — individual stocks, other funds — as far as the trustee’s platform offers them. Trades inside the IRA aren’t taxed. (IRC § 530A(b)(1)(C)(iii); Notice 2025-68, pp. 5–6)
- Dividends still land inside the IRA, where they can be reinvested or held as cash. Taking cash out is a withdrawal: the pre-tax part (growth, the $1,000 seed, employer and charity money) is taxed as ordinary income, and before 59½ a 10% extra tax applies unless an exception fits — for example qualified higher-education costs or up to $10,000 toward a first home. The family’s after-tax contributions come back tax-free as a proportional share, tracked separately from any other IRA. (Notice 2025-68, Q&A G-1; IRC §§ 530A(h)(4), 72(t))
- Roth conversion is allowed. Tax is due on the pre-tax part converted, but the 10% extra tax doesn’t apply to the conversion itself. Moving the money to another IRA is allowed too. (Notice 2025-68, p. 6 and Q&A A-7; IRC § 408A(d)(3))
- New money follows normal IRA limits. The $5,000 “anyone can give” limit ends. Further contributions count toward the regular IRA limit — $7,500 for 2026, shared across all of the child’s IRAs and capped at their earned income. (Notice 2025-68, Q&A A-9 and C-3; IRS IRA limits)
- Who’s in charge: the IRS left this to state law and the account agreement. The program’s help center says the parent can manage the account until the child turns 18. (Notice 2025-68, footnote 3; Trump Accounts help center)
Age 59½ and later
- No more 10% extra tax. Withdrawals of the pre-tax part are still taxed as ordinary income; the family’s basis still comes back tax-free.
- Required withdrawals start at age 75 for today’s children, as for any traditional IRA. (Notice 2025-68, p. 6; IRC § 401(a)(9)(C)(v))
Trump Account taxes for parents and kids
For parents
- No deduction. Family contributions go in after tax. They become the child’s “basis” and come back out tax-free later.
- Employer money is tax-free to you up to $2,500 a year (per employee, across all your children).
- No yearly tax bill. Dividends and gains inside the account aren’t taxed while they stay invested.
For the child
- Growth is tax-deferred until money is withdrawn.
- Withdrawals: growth, the $1,000 seed, employer money and charity gifts are taxed as ordinary income. The family’s after-tax contributions come back tax-free, as a proportional slice of each withdrawal. Trump Account basis is tracked separately from any other IRA.
- 10% early-withdrawal tax before 59½, unless an IRA exception applies — for example qualified higher-education costs or up to $10,000 toward a first home.
- Roth option: after the growth years the account can be converted to a Roth IRA; the pre-tax part of the conversion is taxed in that year.
Company and philanthropist pledges (Invest America)
Only pledges with a stated dollar amount per child are in the calculator. Employer money counts toward the $5,000 yearly cap; gifts made through a charity to a whole group of children (Dell, Dalio, Gerstner) do not.
- Michael & Susan Dell — $250 per child, 25 million children born 2016–2024 in ZIP codes with a median family income of $117,300 or less, plus children on military bases ($6.25 billion). Deposits finished October 9, 2026.
- Ray & Barbara Dalio — $250 per child for about 300,000 Connecticut children under 10 in ZIP codes with a median income under $150,000 ($75 million).
- Brad Gerstner — $250 per child for about 144,400 Indiana children born 2023–2024 in ZIP codes with a median family income of $150,000 or less.
- $1,000 per child from employers (for employees’ children, mostly born 2025–2028): JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, BlackRock, BNY, Charles Schwab, Citi, State Street, Intel, Robinhood, SoFi, Coinbase, Dell Technologies, Delta, American Airlines and more.
- Larger employer offers: Vanguard $1,500 per employee; IBM $1,000 plus another $1,000 if parents add $4,000; Strategy $250 a year per child plus $1,000 for babies born 2025 or later; Heritage Foundation up to $2,500 per child; Micron up to a $1,000 match plus $250 in some states.
- Support without a per-child amount: Nvidia, Uber, Visa, Mastercard, Wells Fargo, Comcast and Charter have backed the program without a stated figure per child, and SpaceX’s pledges are in shares, with no dollar value. More than 70 companies have made commitments in total.
Pledge lists change often — check with your employer’s benefits team for its exact rules.
How this calculator works
- From the start date to the retirement age you pick (65 by default); the chart marks age 18 and your retirement age.
- Start date: July 2026, when contributions opened — or July of the birth year for a baby not yet born (a mid-year birthday is assumed).
- Deposits: the seed and one-time gifts go in on day one. Family and employer money goes in every month (for a fund that pays quarterly, each quarter’s deposits go in at the start of the quarter, as in the dividend reinvestment calculator) and is trimmed to stay under the $5,000 yearly cap. It stops on December 31 of the year before the child turns 18. After that the account just keeps growing — no withdrawals and no further deposits are modeled.
- Growth = price + dividends, measured over each fund’s last 20 years (its full history if shorter): the price grows at its measured rate, the fund pays today’s run-rate dividend yield, and the dividend per share rises once a year at its measured growth rate, never to a yield above today’s — the same math as the dividend reinvestment calculator. With DRIP on, every payment buys more shares; with DRIP off it sits in the account as cash. In a real Trump Account the trustee reinvests dividends before 18, so DRIP off is a comparison of what reinvesting adds.
- Funds: the presets are the indexes behind Treasury’s fund list — the S&P 500 (SPYM, IVV, VOO; measured on VOO) and the Total U.S. Market (VTI, ITOT; measured on VTI). See every fund and why some popular ones don’t qualify.
- The cap stays at $5,000. The real limit is inflation-adjusted after 2027, so this is on the conservative side.
- Before taxes and inflation. At 3% inflation, a dollar 40 years from now buys about what 31 cents buys today. Real markets go up and down; a fixed rate is a planning shortcut, not a forecast.
Want to see an S&P 500 fund with dividends reinvested year by year? Try the VOO dividend reinvestment calculator.
Trump Account FAQ
Who gets the $1,000 Trump Account deposit?
U.S.-citizen children born January 1, 2025 through December 31, 2028 who have a Social Security number. A parent or guardian requests it by filing IRS Form 4547 (in the Trump Accounts app, at trumpaccounts.gov or in an IRS online account). Filing is needed even if Treasury already opened the account automatically.
How much can parents put into a Trump Account each year?
Up to $5,000 a year in total from family, friends and employers combined, starting July 4, 2026. The limit is adjusted for inflation after 2027. The $1,000 seed, gifts from governments and charities (like the Dell $250) and rollovers do not count toward it. Contributions end on December 31 of the year before the child turns 18.
Can grandparents or employers contribute?
Yes. Anyone can contribute, but all family and employer money shares the same $5,000 yearly limit. An employer can put in up to $2,500 a year without it counting as the employee’s taxable pay — that $2,500 is per employee, not per child.
What can a Trump Account invest in?
Until January 1 of the year the child turns 18, the whole account — the $1,000 seed, family and employer money and donor gifts alike — can be invested only in a mutual fund or ETF that tracks the S&P 500 or another index of mostly U.S. companies, uses no leverage and charges no more than 0.10% a year. The default fund is the SPDR Portfolio S&P 500 ETF (SPYM); Treasury has picked IVV, VTI, SPTM and ITOT as coming choices. Sector funds, leveraged funds, money market funds, individual stocks and crypto don’t qualify. From that January 1, regular IRA investing rules apply to the whole account.
What happens to dividends in a Trump Account?
They stay in the account. Before 18 the trustee reinvests them in an eligible fund — cash may sit only as long as it takes to reinvest it — and nothing can be paid out to the family. After 18 dividends still land inside the IRA; taking them out as cash counts as a withdrawal, taxed as income and, before age 59½, usually with a 10% extra tax.
Can my child sell the index fund and buy stocks after 18?
Yes, generally. On January 1 of the year the child turns 18 the special Trump Account rules end and regular traditional IRA rules apply, so the index-fund-only rule no longer applies. Inside the IRA the account holder can sell and buy other investments an IRA may hold, such as individual stocks or other funds, as far as the trustee’s platform offers them. Trades inside the IRA are not taxed; only money taken out is.
When can my child take money out?
Not before January 1 of the year they turn 18. From then on the account follows traditional IRA rules: withdrawals are allowed but taxed, and before age 59½ they usually carry a 10% extra tax unless an exception applies, such as college costs or up to $10,000 toward a first home.
Are Trump Account contributions tax-deductible?
No. Family contributions go in after tax, with no deduction. They become the child’s “basis” and come back out tax-free later. Employer contributions up to $2,500 a year are not taxed to the employee.
How are Trump Account withdrawals taxed?
Growth, the $1,000 seed, employer money and charity gifts are taxed as ordinary income when withdrawn. The family’s after-tax contributions come back tax-free, a proportional slice of each withdrawal. After the growth years the account can also be converted to a Roth IRA, with tax due on the converted pre-tax part.
Is my child eligible for the Dell $250?
The Dell pledge covers 25 million children born 2016 through 2024 who live in ZIP codes with a median family income of $117,300 or less, plus children on military bases. Deposits were completed by October 9, 2026. Babies born 2025–2028 get the federal $1,000 instead.
How much could a Trump Account be worth at 18?
Using the calculator’s default for a child born in 2026 — the S&P 500 over the last 20 years (VOO, with SPY before VOO’s Sep 2010 launch): price growth of 8.95% a year and today’s 1.04% dividend yield, reinvested, with dividends growing 5.50% a year — the $1,000 seed alone grows to $5,125 by the year the child turns 18. Adding $100 a month from the start brings it to $58,431; the full $5,000 a year to $227,236. Left invested to age 65 with no more deposits, the $100-a-month account reaches $3,937,340. All figures are before taxes and inflation, and markets do not return the same amount every year.
Trump Account or 529 plan?
They do different jobs. 529 withdrawals for qualified education are tax-free, while Trump Account withdrawals of growth are taxed as ordinary income. A Trump Account can be used for anything after the growth years (with the IRA early-withdrawal rules) and is the only place the federal $1,000 seed and Trump Account employer matches go. Many families may use both.
Sources
- Trump Accounts — official program site (U.S. Treasury) (checked Oct 26, 2026)
- IRS Notice 2025-68 — Trump account rules (contribution limits, investments, distributions, tax treatment) (Dec 2, 2025)
- 26 U.S.C. § 530A — the Trump account statute (Cornell LII) (as enacted Jul 4, 2025)
- Federal Register — Guidance on Eligible Investments for Trump Accounts (proposed § 1.530A-3: funds, qualified index, futures, cash, dividend reinvestment) (proposed Aug 21, 2026)
- Federal Register — Trump Accounts temporary regulations (TD 10056, § 1.530A-1T: growth period, responsible party, automatic accounts) (Sep 30, 2026)
- IRS — Trump Accounts (Form 4547, claiming, automatic enrollment) (updated Oct 21, 2026)
- IRS — Trump Accounts FAQ (BNY financial agent, Robinhood initial trustee) (updated Oct 21, 2026)
- Trump Accounts help center — investing FAQ (dividends reinvested, IRA at 18) (read Oct 26, 2026)
- IRS — IRA contribution limits ($7,500 for 2026) (2026)
- U.S. Treasury — default fund SPYM; IVV, VTI, SPTM and ITOT picked as coming choices (Jul 1, 2026)
- CME Group — E-mini equity factor futures, incl. the Dow Jones U.S. Dividend 100 (launch Sep 21, 2026) (Aug 27, 2026)
- Yahoo Finance — Vanguard cuts fees on 53 funds (VUG to 0.03%) (Feb 15, 2026)
- Chartrow — biggest ETFs by assets (fund assets in the table above) (Oct 23, 2026)
- State Street — SPTM fund page (assets) (Aug 14, 2026)
- The White House — nearly 70 million accounts, $4.5 billion deposited, 70+ companies (Oct 7, 2026)
- Invest America — Dell $250 eligibility (as of Oct 9, 2026)
- CBS News — JPMorgan Chase and Bank of America $1,000 matches (Jan 29, 2026)
- Americans for Tax Reform — Trump Account pledge tracker (employer and donor amounts) (Oct 19, 2026)
- Chronicle of Philanthropy — Dalio $75 million for Connecticut kids (Dec 2025)
- Daily Journal — Gerstner $250 for Indiana kids born 2023–2024 (Sep 22, 2026)
- NYU Stern (Damodaran) — S&P 500 annual returns with dividends, 1928–2025 (updated Jan 5, 2026)
- DRIPCalc price and dividend history — VOO, SPY and VTI (through Oct 26, 2026)
Legal Disclaimer
This Trump Account calculator is for informational and educational purposes only and is not investment, tax or legal advice. It uses hypothetical, fixed growth rates and your inputs to estimate outcomes; real returns vary and can be negative. Program rules, contribution limits and company or donor pledges can change, and eligibility for any pledge is decided by the organization making it. Consult a qualified tax or financial professional before making decisions. We are not responsible for any financial losses or decisions made based on this tool.
