Share Your TSP Balance and Your Age Thread
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.
Re: Share Your TSP Balance and Your Age Thread
If you can average 15% a year, your account will double approximately every 5 years (excluding new contributions). That is a reasonable goal but you may have to dodge a few corrections to do it.
That means in 15 years you'd have about about $600K, and $1.2M in 20 - without new contributions. So with contribution included, you might be OK, although inflation will get you.
If you can squeeze out 20% a year (very tough) you would double every 3.6 years. So watch out for those bear markets. :)
Re: Share Your TSP Balance and Your Age Thread
You might garner a greater response if you set up a poll. Would love to see a two-pronged poll or survey - 1) How many years contributing to TSP, and 2) TSP balance range ($150K -$200K, etc). Don't know if you can set up a poll/survey for more than one question. Tom probably knows...
Re: Share Your TSP Balance and Your Age Thread
Quote:
Originally Posted by
Globalpack
So what's your TSP balance and how old are you?
I've heard of "a/s/l"... but this is a new one :laugh:
Re: Share Your TSP Balance and Your Age Thread
Quote:
Originally Posted by
OBGibby
Don't know if you can set up a poll/survey for more than one question. Tom probably knows...
I think you have to start a new thread for each poll.
Re: Share Your TSP Balance and Your Age Thread
I don't know why the big secret. No need to be embarrassed if your balance is low and if it's high it's not like you're bragging. You know you want to share so just give it up people!:)
Re: Share Your TSP Balance and Your Age Thread
Yes- A range of balance $0-$50, $50- $100,000, $100,000-$150,000 and so forth.
and a range of Number of Years - 0-5, 6-10, 11-15, etc.
Re: Share Your TSP Balance and Your Age Thread
28.5 years, Between $370K-$400K
Spouse is 20 Yrs., between $200-$230
Re: Share Your TSP Balance and Your Age Thread
$550,000-$600,000, 20-25 years
Re: Share Your TSP Balance and Your Age Thread
21 years
$350000
But 8 years are active duty time (no contributions/match)
I have other (private sector) 401Ks
Re: Share Your TSP Balance and Your Age Thread
Thanks Maricar19, Lindoug and Frixxxx!
You guys have some serious cash!:)
Re: Share Your TSP Balance and Your Age Thread
Quote:
Originally Posted by
Globalpack
Thanks Maricar19, Lindoug and Frixxxx!
You guys have some serious cash!:)
It's perspective, I'm always feeling behind.......It's not what you have, It's what you set your goals to achieve. I could have a LOT less if it wasn't for the great people here and TSPTalk!