I am building a vu meter with 2 5v neopixel rings 2 pots a headphone jack and a arduino nano will 5 volts 1 amps cut it or do I need more power FYI I'll be powering it via a DC jack once I get it working
Normally the maximum amount of current a typical LED can withstand is 20 mA. This means per color and per LED.
So if you have 60 LEDs, than you get 60 (leds) * 3 (R/G/B colors) * 20 mA = 3,600 mA. To give some headroom I would use a 4A or 5A adapter.
However, note that probably 5 mA or 10 mA per LED would be enough to be very good visible, unless you want it to be as bright as possible.