Thread: TSP Millionaires

Originally Posted by peterson82

My goal is to top the tsp list (without rolling in) at the end of my career.

If my goal makes me the top of the list, then so be it!

Hey peterson, great to see you!

Originally Posted by Frixxxx

I WISH!!!

But I was thinking that if a person out of college (23) got into TSP this year at 16,500/year:
16,500 * (65 -23 = 42) = 693,000
Catchup
5,500 * 15 = 82,500

Contributions alone would be = $795,500

In the G Fund it could easily be 2 Mil!
Anywhere else 3-4 Mil!!

anywhere else, could be 0.5 million, depending on the future return of the fund, which hasn't been positive over the last decade plus. I remember 1,100 in 1997. C-fund buying and holding is no sure bet of a long term return now or ever.

Originally Posted by amoeba

anywhere else, could be 0.5 million, depending on the future return of the fund, which hasn't been positive over the last decade plus. I remember 1,100 in 1997. C-fund buying and holding is no sure bet of a long term return now or ever.

B&H yes, you are right, but I don't prescribe to that.....It's my future and I'm not setting it on autopilot......

To make a mil,

Starting from zippo
from 1990 through 2009
Average Return: 10.16%

The chap needed to invest $14,000 / year. I don't think that was possible nor legal.

Thus, let us back up to 1988 when TSP came into existence:

Starting from zippo
from 1988 through 2009
Average Return: 11.44%

Now, the chap needs to invest $9,500 / year. I think that is legal and possible.

That additional 2 years and the 1.28% make a massive difference, eh...

I had a chance to be a "net-worth" millionaire until Wilma in 2005 which started the housing crisis early down here. Suddenly my $100k home was no longer worth $400k -$600k, and the prospects for the TSP soon had to scaled back, too.

It seemed wrong somehow that a humble civil servant could amass a million bucks. Now we know -- it was!

The only way this is conceivable is during the days when "I" fluctuated wildly, and we were able to change our EFTs an unlimited number of times a month. If you played that right, you could see huge gains in one day, and get out and in quick. This ended in 2007 or 2008.

Originally Posted by tsptalk

A couple of years like 2009 with 60%+ gain, then I will make the list in 5 yrs and have 20 more yrs to go to get 42 yrs of services.

I think a $3 million + account might cut off some of those 20 years you need. Good luck!

Originally Posted by tsptalk

You know what is scary about Tom's stats...


Just over 10,000 of us have over $500,000 in our TSP retirement accounts.


That is a purty penny...

But, ain't there millions of us?

My current account balance (20K away from double the value from Annual statement for 2006). Base on the calculation from another website that I invest 16% of my income (almost max out at $16,500) & my current balance in TSP with average of 12% return, then I'll have over 500K in 5 years and the estimate show below:

"Your TSP could be worth $2,712,698 after 18 years. *"