FedSince2009,
A couple of points should be made. Your L2040 Fund is not really a separate fund from G/F/C/S/I. It is a combination of those funds 'scientifically' allocated to offer the best return for the risk you are taking if you retire around 2040. Thus, you are holding a bit more risk than the mathy types at Blackrock think is good. But, then again holding L2030 makes you too conservative. Oh well.
More importantly, since you are 75% in L2040 and 25% in C your allocation moves from:
L2040
- G: 20%
- F: 6%
- C: 40%
- S: 12%
- I: 22%
To:
75% L2040 with 25% C Fund
- G: 15%
- F: 4.5%
- C: 55%
- S: 9%
- I: 16.5%
As you can see, you have accidentally mucked with the brainy ones. If you are intending to overweight the C Fund than all is good, if you thought the L2040 was invested in gold or emerging markets or in a thousand funds and you didn't have any C Fund it it than take another look.
Regardless, to me it is not a bad allocation for someone 44 years old. Making some guesses here is where you will probably be in 21 years:
- Current Age: 44
- Current Balance: $52K
- Guess at annual income: $60K
- Guess at annual contribution: $12K (your 15% + the 5% match)
- Expected Return: 9%
Results for your TSP account:
- Annual income till age 85: $51K
- Balance of TSP at age 65: $1,167,360
Personally, if I were accepting a risk of 11% like you are I would hold a little less of the C Fund and G Fund and a little more of the S Fund. If you can grow by a percent higher on average you annual take home pay grows to $62K. But that adds risk.
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