Page 6 of 16 FirstFirst ... 45678 ... LastLast
Results 61 to 72 of 187

Thread: Share Your TSP Balance and Your Age Thread

  1. #61

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,875

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by law87 View Post
    I am very very surprised that some of you guys been saving for 20+ years and have not been millionare or close to there. Which make me think if I am saving enough :?
    Remember, 2008 took 40-50% of some people's money.....recovery has been long and hard. There were also limits on amounts and whten TSP started, I think they had G, F, and C to invest.

    Also, goals. Some people are CSRS, some are LEOs (they have a shorter career duration) and most don't start until their 30's because of life changes. The longer you are in the game makes it easier, but the amount being set at the finish line is very unique to the individual.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  2.  
  3. #62

    Join Date
    Sep 2006
    Location
    Rocky Mountain High
    Posts
    6,322

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by law87 View Post
    I am very very surprised that some of you guys been saving for 20+ years and have not been millionare or close to there. Which make me think if I am saving enough :?
    I didn't start maxing out my contributions until 5 or so years ago. I currently have worked 23 years, and started out as a gs5 making $17,000.

    Like frixxxx said, the buy and holders had a 50% haircut in 2008. There was also the tech bubble burst in 2000.

    Did you see the report that something like 36% of Americans have ZERO saved for retirement?
    Weatherweenie's Account Talk
    Expected retirement date: November 2023

  4.  
  5. #63

    Join Date
    Feb 2013
    Location
    Highland, CA
    Posts
    64

    Default Re: Share Your TSP Balance and Your Age Thread

    I started my dual-status job in 2000. I've taken out a few loans against mine over the years, plus I paid little attention to my TSP account for quite some time too. Since 2006, I've had EOY numbers of +9.6%, -28.3%, +38.7%, -32.5%, +1.8%, +21.6% and +24.3%. Get rid of deductions for loans and put the negative/flat years more inline with historical fund performances and I'm sure I could have easily had $200K+ in my account already.

    The things we have to learn the hard way though.
    70C/30S as of 12/15/2014


  6.  
  7. #64

    Join Date
    Sep 2008
    Location
    Kentucky
    Posts
    4,661

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by weatherweenie View Post
    Did you see the report that something like 36% of Americans have ZERO saved for retirement?
    Since such a big chunk of that % is of people ages 18-29 it does not surprise me. I was not much different, there were/are so many other priorities/desires at that age. Retirement is pretty far down the list. I did not consider it a top priority unit I turned 40. I am now 50 with $440K of earnings potential savings. Ten more years and I'm done. Although I won't hit a million I believe I will live comfortably.

    What does concern me is the 26% 50-64 with no retirement savings. The clock is ticking and they left some good earnings years on the table especially the right side of that scale.
    In Dog Beers I've only had two.

  8.  
  9. #65

    Join Date
    Feb 2013
    Location
    Highland, CA
    Posts
    64

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by WorkFE View Post
    I am now 50 with $440K of earnings potential savings. Ten more years and I'm done. Although I won't hit a million I believe I will live comfortably.
    Never say never. With 10 years left and that account balance, you can easily hit $1M by the time you hit 60. Even a modest 10% annual yield will get your balance to $880K - and that's even if you never invest another penny starting now. A 15% annual yield will put you in the $1.7M range with $0 additional invested. You could possibly even push it closer to $3M if you can average 20%/yr.
    70C/30S as of 12/15/2014

  10.  
  11. #66

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by law87 View Post
    I am very very surprised that some of you guys been saving for 20+ years and have not been millionare or close to there. Which make me think if I am saving enough :?
    Our initial salaries at age 20 or so were small or smallish - but they should get better as we gain Gubmint Experience:-}. Also, the indestructible who like to drink beer tend not to save for anything forty five years off. I didn't start saving for retirement till age 34 or so. And, time is money. If your salary at age 30 is $30K and you start contributing 10% (for 15% including match) to TSP and you attain a 10% return than your balance should be around $350K at age 50. You will be well on your way.

    To have a million in a similar scenario you would have to contribute $15K/year (including match and increasing by inflation) for the twenty years with a 10% return. That would be tough on a starting salary less than say $65K or so (and even then :-}, yowser). Again, time is money. The same guy contributing $3,000 with a match of $1,500 starting at age 24 would be worth about $700K at age 50 and on his/her way to $3M at age 65.
    Lookin' up at the 'G Fund'!!!

  12.  
  13. #67

    Exclamation Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by InsaneZane1 View Post
    Never say never. With 10 years left and that account balance, you can easily hit $1M by the time you hit 60. Even a modest 10% annual yield will get your balance to $880K - and that's even if you never invest another penny starting now. A 15% annual yield will put you in the $1.7M range with $0 additional invested. You could possibly even push it closer to $3M if you can average 20%/yr.
    InsaneZane,

    If someone is retiring in 10 years than they should not be investing in a pure equities allocation. The S&P500 has an average annual return of about 10% with a risk/variance of 17%. That means that 2/3rds of the time your return will be between -7% and +27% centering on 10%. But equity investing has 'fat tails', meaning it doesn't respect the tiny odds of a normal bell curve extreme failure. In 2008/9 the S&P500 lost 57% of its value. Someone sitting with $700K at age 60 in 2008/9 would have been sitting at something like $350K at age 61 if they were buy and holders. Would they have stayed invested and made it back by age 66 or would they have bailed after losing $100K (bailing out after losing 15% is probably the best case since there were DAYS the market lost 8%) or so and never got back in? Look in the AT or in any real study of the situation. Folks bailed in didn't get back in.

    Losing 15% at age 60 hurts a lot more than losing 15% at age 40.

    So, yes, the S&P will return 10%/11% but you need to risk adjust your allocation. This is not gambling and returns are not 'interest' that can be counted on. If you can sleep through two weeks or a month of 2008 style losses than you can adjust or let her ride. If you find your self down 14% in two days you will probably panic out if your golden years are across the doorstep.
    Lookin' up at the 'G Fund'!!!

  14.  
  15. #68

    Join Date
    Sep 2008
    Location
    Kentucky
    Posts
    4,661

    Default Re: Share Your TSP Balance and Your Age Thread

    I have several calculated goals. At no time have I ever used 15% in the various scenarios. I generally work in the 3-8% range. The goal amount remains unchanged, the age to obtain is what moves.
    In Dog Beers I've only had two.

  16.  
  17. #69

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by WorkFE View Post
    I have several calculated goals. At no time have I ever used 15% in the various scenarios. I generally work in the 3-8% range. The goal amount remains unchanged, the age to obtain is what moves.

    I aimed for 10% because I am using IT system, not that I am advertising his premiums but it hasnt failed me yet. $200 a year for subscription is well worth it IMHO. Just when you think you know the market, it turn around and show u something else I'll let I_T worried about the calculation.

  18.  
  19. Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by Globalpack View Post
    I read an article that said you should have ten times your annual salary saved by retirement. I don't see that happening personally and was wondering how the folks here compare.

    It may also serve as a good motivation tool to save more.

    So what's your TSP balance and how old are you?

    Me, Im 44 and have $148K.



    Hi, I'm 57 with 27 almost 28 years. I am 6 years away from retirement. I have 1,000,000 + in the TSP. That came with a lot of saving the max- ALL THE TIME. Good luck.

  20.  
  21. #71

    Join Date
    Feb 2007
    Location
    San Diego, CA
    Posts
    6,875

    Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by texas View Post
    Hi, I'm 57 with 27 almost 28 years. I am 6 years away from retirement. I have 1,000,000 + in the TSP. That came with a lot of saving the max- ALL THE TIME. Good luck.
    Would love to know more on how you got to that 7 figure number. Especially knowing the limitations you experienced in the beginning of TSP. Thanks for posting, and gratz on such an achievement.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    100%- I Fund

  22.  
  23. Default Re: Share Your TSP Balance and Your Age Thread

    Quote Originally Posted by Frixxxx View Post
    Would love to know more on how you got to that 7 figure number. Especially knowing the limitations you experienced in the beginning of TSP. Thanks for posting, and gratz on such an achievement.
    Hi, Thanks. I always put away the maximum and only briefly moved stuff around. I'm a buy and hold- equities. I'm at a point where I'll move some things around but still keep equities for growth.


  24.  
Page 6 of 16 FirstFirst ... 45678 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P 500 (C Fund)
S&P 500 INDEX,RTH (^GSPC)
DWCPF (S Fund)
Dow Jones U.S. Completion Total Stock Market Index (^DWCPF)
EFA (I Fund)
iShares MSCI EAFE Index (EFA)
AGG (F Fund)
iShares Lehman Aggregate Bond (AGG)
Source: https://finance.google.com/finance