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Clarke Co, Iowa | You cannot put it in a Roth you are way past all the limits.
https://www.irs.gov/retirement-plans/amount-of-roth-ira-contribution...
If your million was already in a 401K or IRA you could roll it over to a Roth and pay taxes on it today. The question is can you afford that? A million would put it in the top tax bracket of 34% so $340,000 tax today. Plus, you cannot use that money to pay taxes without paying an additional 10% early withdrawal penalty. Another $100,000. So, your million is now $560,000.
If both choices (IRA & 401K) vs Roth are invested and grow the same after 30 years at for example 7.2% growth (rule of 72 double every 10 years)
1 million times 2 times 2 times 2 is 8 million taxable when you draw it out. 3% min withdrawal $240,000 yearly income all taxable. @24% $57,000 in taxes net $182,400.
$560,000 times 2 times 2 times 2 is $4,480,000 tax free when you draw it out. 3% withdrawal (not required) yearly income $134,400 tax free
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What you cannot do if you a million in cash today
