IRS raises IRA contribution limits — could you really afford to save this much each year?

The IRS sets the 2026 IRA limit at $7,500. Start saving at 27. Retire at 67. Forty years matter. Monthly savings equal $625. Stock-heavy portfolios grow faster. S&P 500 investing reaches $1.38 million. Balanced portfolios grow slower. A 60/40 mix ends near $882,000. Retirement income depends on strategy. Social Security changes the math.