Re: Share Your TSP Balance and Your Age Thread
Investing: Did not start till I was about 32 (What a waste, I would not have to contribute a dime if I started earlier)
Expected Balance at age 65 (using Quicken and DinkyTown.Net):
- Age: 65
- Expected Return: 8% - Done better, but being conservative and considering I will be more conservative at age 60 or so
- Expected Inflation: 3% - For quite some time now it has been in the 2's. That is very nice...
- Expected Balance: $1.4 mil - $1.5 mil
- Expected Annual Withdraw (20 years): $75K
- Expected Annual Withdraw (30 years): $60K
However, unlike my retired military friends, I will have to pay for my medical insurance and I will only receive a pension from age 65 onward (if that is when I retire) and I do not receive commissary privileges nor VA loans and some other niceties. However, I did get a good match and I do not have to hope that a future politician will honor promises of past politicians. Personally, knowing what I know now, if I were a young military dude I would much prefer a matching TSP to the pension. It would transfer for those who get out before a pension, it would not be in view of politicians seeking cash, and I can watch my assets rather than having them slammed into the G Fund. Just my two cents.
Lookin' up at the 'G Fund'!!!