IRAs are almost as stocks when it comes to how much you need to have to open an account which in this case is an IRA.
There are some robo-advisors and discount brokers which doesn’t have a minimums to open an IRA. But there are also brokers and robo-advisors which has a minimums to open an IRA.
This means that you have to research a robo-advisors and brokers to find the one which will suit you the best.
The tax perks of investing in the IRA start only when you start contributing money to that account which you have chosen to open.
You can add money onto your IRA at whatever cadence and amount which works best for you and your budget.
Don’t panic because you don’t need to come up with your full contribution all at the same time, you can spread it out if you are more comfortable with that instead.
It is also important to mention that you are not required to save the maximum the IRS allows. Which this year (in 2021) it is $6,000 for people under 50 years of age and $7,000 for people over 50 years of age.
Many brokers and robo-advisors allow people who contribute onto IRA to set up automatic deposits to transfer money from your bank into your account. Which makes it easier for you to put money onto it without stressing that much.