Share Your TSP Balance and Your Age Thread

[James48843]

Thanks, and you’re right, I don’t want to wait too long before retiring! I just turned 62 last month and I always have retirement on my mind. I’m not going to wait too much longer, I’ll probably retire in May or June next year. I’ve been talking to the HR people at my work and one of them said I am now “the most dangerous person in my Division.” I asked him what he meant by that, and he said that I could retire at anytime with full benefits and without much notice. I got a kick out of that. I’ve been called many things during my career, but “dangerous” is a new one for me. If they only knew what my TSP balance is, they would be even more worried than they are now!

Just do it.

Walk in one day, and hand your supervisor a letter that says you are giving two weeks notice of retiring.

You’ll never look back. I think It’s much better than I thought before I retired.


Sent from my iPhone using TSP Talk Forums

[Tim-shot]

I retired in April @58 I currently have about 1.75 million. It’s gone up almost $250k since I retired. This site is a valuable asset.

[tsptalk]

Awesome!

[bmneveu]

Closing in on 50K and 33yo. Definitely one of those this month, hopefully both!

Posted this on 4/12/2020. 1.5 years later I'm at $73K. Really starting to see the snowball effect lately.

[Boghie]

Based on my previous entries I'm well in front of my target:

Age: 58
Balance: $828K (as of 2021/12/31)
Investing: Alternate between three allocations (Conservative, Normal, Aggressive)
Expected Balance at age 65 (using Quicken and DinkyTown.Net):
Retirement Age: 65
Expected Return: 8.00% - This is under my IRR since 2004.
Expected Inflation: 3.0% - I still expect very muted inflation.
Expected Contributions: 20% of Gross Salary, 15% from me, 5% match

Results (inflation adjusted):

• Expected Balance: $1.592 million
• Expected Annual Withdraw (20 years): $97K
• Expected Annual Withdraw (30 years): $78K
• Expected Annual Withdraw (38 years): $71K

I am dialing back my risk. Using the guidance from Edelman for a 7% return I will get:

• Expected Balance: $1.497 million
• Expected Annual Withdraw (20 years): $85K
• Expected Annual Withdraw (30 years): $66K
• Expected Annual Withdraw (38 years): $59K

I will be able to bucketize my assets in/near retirement so I will be able to keep a decent chunk at risk. Earning 6% or 7% overall should not be a problem.

[Boghie]

Wow, this thread is/was kinda cool. I bet you thought I was slagging since my return sucked for 2022, but it was just an oversight. These are my numbers and projections as of 2022/12/31:

Age: 59
Balance: $742K (as of 2022/12/31)
Investing: Alternate between three allocations (Conservative, Normal, Aggressive)
Expected Balance at age 65:
Retirement Age: 65
Expected Return: 8.00% - This is still under my IRR since 2004.
Expected Inflation: 3.0% - Once the FED gets control and forces the Gubmint to control their spending inflation will come down.
Expected Contributions: 20% of Gross Salary, 15% from me, 5% match

Results (inflation adjusted):

• Expected Balance: $1.324 million
• Expected Annual Withdraw (20 years): $84K
• Expected Annual Withdraw (30 years): $67K
• Expected Annual Withdraw (38 years): $61K

I am dialing back my risk. Using the guidance from Edelman for a 7% return I will get:

• Expected Balance: $1.257 million
• Expected Annual Withdraw (20 years): $74K
• Expected Annual Withdraw (30 years): $58K
• Expected Annual Withdraw (38 years): $51K

Last year (2022) was not good for me. It really was the F-Fund that caught me out - with a slow as molasses decline over the year that really added up. I actually had a bigger decline last year than I did in 2001, 2003 and 2008. I think 2022 was the worst year I have personally experienced.

Anyway, this thread is a nice place to stick things for future reference. Gotta show my butt as well as my good looks whenever it happens

[NH-Native]

Boghie I had a similar year. I was at about 1.933M in July of 21 per my last post and hit a high of 2.089M towards the end of the year.

2022 was my worst year ever. After a partial recovery in Jan/Fed of 2023 I sit at 1.765M now. Down about 15 percent from my high point. I continue to be a buy and hold investor.

Wow, this thread is/was kinda cool. I bet you thought I was slagging since my return sucked for 2022, but it was just an oversight. These are my numbers and projections as of 2022/12/31:

Age: 59
Balance: $742K (as of 2022/12/31)
Investing: Alternate between three allocations (Conservative, Normal, Aggressive)
Expected Balance at age 65:
Retirement Age: 65
Expected Return: 8.00% - This is still under my IRR since 2004.
Expected Inflation: 3.0% - Once the FED gets control and forces the Gubmint to control their spending inflation will come down.
Expected Contributions: 20% of Gross Salary, 15% from me, 5% match

Results (inflation adjusted):

• Expected Balance: $1.324 million
• Expected Annual Withdraw (20 years): $84K
• Expected Annual Withdraw (30 years): $67K
• Expected Annual Withdraw (38 years): $61K

I am dialing back my risk. Using the guidance from Edelman for a 7% return I will get:

• Expected Balance: $1.257 million
• Expected Annual Withdraw (20 years): $74K
• Expected Annual Withdraw (30 years): $58K
• Expected Annual Withdraw (38 years): $51K

Last year (2022) was not good for me. It really was the F-Fund that caught me out - with a slow as molasses decline over the year that really added up. I actually had a bigger decline last year than I did in 2001, 2003 and 2008. I think 2022 was the worst year I have personally experienced.

Anyway, this thread is a nice place to stick things for future reference. Gotta show my butt as well as my good looks whenever it happens

[petemalo]

Age 47, 25 years in service as GS14, 28 years in army reservists as an E8, 350,000 in tsp, all in CSI. Plan to retire at the age of 57

Update: Age 50 with $586,000 in TSP, on target to retire at 57