Share Your TSP Balance and Your Age Thread

[bleeck]

Welcome WFTM,

Your plan sounds very good. You must have a job you like and enjoy to hang in there until 62.
I had almost 35 1/2 years FERS including 6 years Navy time I bought back. I retired on the day I turned 56.(2017)
I liked my job as a ET on the systems at the USPS, but with them replacing senior people with people
who barely passed the test to get into maintenance was burning me out. The wife retired from the PO also
with 37 years CSRS.(2017) Her pension is better then mine at this time, she did put money into TSP with no match and
has it up to $170,000. My balance is about $635,000 and I've been taking out $2000/ month since October after I finished
building our lake place over 2 years. I was the general contractor during the build and somethings I did myself.
Retiring at that early age was great for US, wife raises and shows Miniature American Shepherd, with pups do today. I hunt and fish
and relax. I'll take SS at 62 also. We aren't rich but live happily. We married in 2016 and neither of us had children.
Enjoy and your plan is a great one!

[Workingfortheman]

I've a decent job and the pay is good

If it were up to me, I'd be gone in 6 months at MRA with 30+. My wife can't retire until she's 65, she's making me work to 62... Damn her!

[petemalo]

Hi, I’m 47 with 470K in TSP.

[RDJ67]

24year service she 54 and $900k in TSP and some in IRA. Looking at retirement at 60.

[NH-Native]

Quick update: Working on my 11th year of service. TSP fell to 937k during the pandemic literally losing several hundred thousand dollars in the span of a few weeks. I stayed the course not selling or changing my position and 15 months later I now sit at approximately $1,933,000.

[jumboscott]

Age 61, just hit my goal of 1M (C&S Funds). Contributed the max for 19.5yrs. Decided to retire June 2022. Did retire from the Air Force but not selling any time back. I just moved the whole balance to the L2025 fund to be a little conservative in retirement. I will be happy with 4-6% gain in the L funds and not worry too much about market swings. After crunching the numbers, I should be good for life with just living off the interest of TSP, FERS, MIL Retirement, Social Security, VA Disability. I do like this article; https://www.tspmasters.com/single-po...he-danger-zone

[TxNative58]

AGE 63; 33 years service; started the year with 50%/50% C/S, gradually moved to 75%/25% C/S; SEPT - 100% C to finish the year ; 772K in C and 130K in S---902K;
GS-13/10; JAN 2022 - will start at 50/50 C/S to begin the year....and adjust each QTR.....hoping for a strong 2021 finish expect to close in on 1M by January 2022.

[chaingunmike]

I'm 62 and just hit my goal of $1.2M in TSP after this week's gains in the C & S funds. $241k of that is Roth TSP (non-taxable). $1.2M is the figure I'd been aiming for ever since my account reached $1M in December 2020. 31 years of service, currently contributing the max, 56% C, 18% S, 14% F, 11% G. I was seriously considering retiring on 12-31-21 but my agency may allow us to do 80% telework in 2022 so I may continue working until June 2022 or even longer. My new TSP goal is $1.5M but that seems very far off and may not be realistic unless I work another whole year. We will see.

[tsptalk]

My new TSP goal is $1.5M but that seems very far off and may not be realistic unless I work another whole year. We will see.

That's about a 16% gain to get to 1.5M. In this market you may be able to get that by Christmas!

Congrats on your success, and possible retirement!

[hotwings]

Good work saving over your career. Don’t forget to retire while you are young and can afford it and enjoy doing what you want, when you want as you only live once ��. My only regret is that I didn’t retire 2 years earlier when I was eligible to retire.

[MrBill]

Congrats CGM on reaching your goal. It's a great feeling. As HW mentioned, don't work too long. With a reasonable amount out of TSP every year, it's probably costing you $$ to go to work. I figured the last year I worked cost me about $14.12/hour. My feeling was that on my way home every work day, I was throwing $113 out the truck window. I had no problem stepping away the job.

[chaingunmike]

Congrats CGM on reaching your goal. It's a great feeling. As HW mentioned, don't work too long. With a reasonable amount out of TSP every year, it's probably costing you $$ to go to work. I figured the last year I worked cost me about $14.12/hour. My feeling was that on my way home every work day, I was throwing $113 out the truck window. I had no problem stepping away the job.

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!