{
  "id": "trump-account",
  "version": "81d3c5e75383",
  "status": "published",
  "name": "Trump Account Calculator",
  "question": "What will a Trump account grow to?",
  "summary": "Projects a child’s Trump account to age 18: the $1,000 pilot deposit for children born 2025 to 2028, yearly family and employer contributions up to $5,000, and growth at the return you choose.",
  "category": "finance",
  "subcategory": "investing",
  "url": "https://www.acalculator.org/finance/trump-account-calculator",
  "markdown": "https://www.acalculator.org/finance/trump-account-calculator.md",
  "kind": "schedule",
  "method": "Each calendar year from 2026 (or the birth year, if later) to the year before the child turns 18: balance = last balance × (1 + return) + family contribution + employer contribution, plus the $1,000 pilot deposit in the first year for a citizen born 2025 to 2028. The answer is the balance at the end of the last year.",
  "assumptions": [
    "Contributions and the pilot deposit go in at the end of each year; the first year is 2026, as no contribution can be made before July 4, 2026.",
    "The $5,000 and $2,500 limits are those for 2026 and 2027; they are indexed after 2027, and the projection keeps the amounts you type.",
    "Gifts from charities and governments (qualified general contributions) and rollovers are not limited and not included. The return stays the same every year; fees are inside it.",
    "After the growth period the account follows the traditional IRA rules: withdrawals of earnings are taxed. A projection, not financial or tax advice."
  ],
  "inputs": {
    "$schema": "https://json-schema.org/draft/2020-12/schema",
    "type": "object",
    "properties": {
      "born": {
        "title": "Child’s birth year",
        "description": "The year the child was born (or will be). The account must be opened before the year they turn 18.",
        "type": "string",
        "enum": [
          "2009",
          "2010",
          "2011",
          "2012",
          "2013",
          "2014",
          "2015",
          "2016",
          "2017",
          "2018",
          "2019",
          "2020",
          "2021",
          "2022",
          "2023",
          "2024",
          "2025",
          "2026",
          "2027",
          "2028",
          "2029",
          "2030",
          "2031",
          "2032",
          "2033",
          "2034",
          "2035",
          "2036",
          "2037",
          "2038",
          "2039",
          "2040"
        ]
      },
      "citizen": {
        "title": "US citizen with a Social Security number",
        "description": "Needed for the $1,000 pilot deposit, with a birth from 2025 to 2028.",
        "type": "boolean"
      },
      "family": {
        "title": "Family contribution each year",
        "description": "What parents, relatives, and others put in each year.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 5000
      },
      "employer": {
        "title": "Employer contribution each year",
        "description": "What a parent’s employer puts in each year: up to $2,500, within the $5,000 total.",
        "type": "number",
        "x-unit": "USD",
        "minimum": 0,
        "maximum": 2500
      },
      "rate": {
        "title": "Expected yearly return",
        "description": "The yearly return of the index fund, after its fee. It stays the same every year.",
        "type": "number",
        "x-unit": "percent",
        "minimum": 0,
        "maximum": 20
      }
    }
  },
  "outputs": {
    "atEnd": {
      "label": "Balance when the child turns 18",
      "description": "The balance on January 1 of the year the child turns 18, when the growth period ends.",
      "format": "money"
    },
    "contributed": {
      "label": "Family and employer contributions",
      "description": "All yearly contributions added up.",
      "format": "money"
    },
    "pilot": {
      "label": "Pilot deposit",
      "description": "The $1,000 from the pilot program, if eligible.",
      "format": "money"
    },
    "growth": {
      "label": "Growth",
      "description": "Balance minus everything put in.",
      "format": "money"
    }
  },
  "defaultAnswer": {
    "inputs": {
      "born": "2026",
      "citizen": true,
      "family": 1000,
      "employer": 0,
      "rate": 7
    },
    "outputs": {
      "atEnd": 37157.847721429775,
      "contributed": 18000,
      "pilot": 1000,
      "growth": 18157.847721429775
    },
    "text": "Adding $1,000.00 a year at 7% a year, the Trump account reaches $37,157.85 when the child turns 18."
  },
  "examples": [
    {
      "given": {
        "born": "2026",
        "citizen": true,
        "family": 5000,
        "employer": 0,
        "rate": 0
      },
      "expect": {
        "atEnd": 91000,
        "contributed": 90000,
        "pilot": 1000
      },
      "source": "IRS Notice 2025-68: $1,000 pilot deposit (born 2025 to 2028), $5,000 a year from 2026 to 2043, growth period ends January 1, 2044; Python 3 check in docs/progress/WP-112/check.py"
    },
    {
      "given": {
        "born": "2026",
        "citizen": true,
        "family": 1000,
        "employer": 0,
        "rate": 7
      },
      "expect": {
        "atEnd": 37157.84772142978,
        "contributed": 18000
      },
      "source": "Future value at year-end deposits: 1,000 × (1.07^18 − 1) ÷ 0.07 + 1,000 × 1.07^17; Python 3 check in docs/progress/WP-112/check.py"
    },
    {
      "given": {
        "born": "2020",
        "family": 2000,
        "employer": 0,
        "rate": 5
      },
      "expect": {
        "atEnd": 31834.253040885178,
        "pilot": 0,
        "contributed": 24000
      },
      "source": "Born before 2025: no pilot deposit; 12 years (2026 to 2037): 2,000 × (1.05^12 − 1) ÷ 0.05; Python 3 check in docs/progress/WP-112/check.py"
    }
  ],
  "sources": [
    "IRS, Notice 2025-68, Trump accounts under section 530A and the pilot program under section 6434 (Internal Revenue Bulletin 2025-52). https://www.irs.gov/irb/2025-52_IRB (retrieved 2026-10-05)",
    "IRS, Instructions for Form 4547, Trump Account Election(s). https://www.irs.gov/instructions/i4547 (retrieved 2026-10-05)",
    "IRC 530A, Trump accounts. https://www.law.cornell.edu/uscode/text/26/530A (retrieved 2026-10-05)"
  ],
  "related": [
    "529",
    "compound-interest",
    "roth-ira",
    "investment"
  ],
  "changelog": []
}