Recent content by chaingunmike

  1. chaingunmike

    Share Your TSP Balance and Your Age Thread

    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...
  2. chaingunmike

    Share Your TSP Balance and Your Age Thread

    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...
  3. chaingunmike

    Share Your TSP Balance and Your Age Thread

    Thanks. I didn’t expect to reach $1m until next year so I’m pleasantly surprised. If you’re at 880k now then you’ll probably reach $1m by September. It seems my account went from 880k to $1m in only 6 months. I agree that $1m is a good goal to achieve before retirement. Good luck to you.
  4. chaingunmike

    Share Your TSP Balance and Your Age Thread

    I was at 880,000 as recently as July and then 900,000 in August. I think the markets were climbing throughout the summer and then went even higher in October/November. It took only about 2 months for me to go from 900 to $1m. Incredible. It seems that once you hit around 800/900k things happen...
  5. chaingunmike

    Share Your TSP Balance and Your Age Thread

    Today was a big day for me, my TSP crossed the $1 million mark with today’s market gains. I’m at $1,003,000 now and it feels really weird. I’m curious, do any other TSP millionaires remember the date that their TSP first crossed into 7 figures? I’m 61, 30 years service, and retiring December 2021.
  6. chaingunmike

    Share Your TSP Balance and Your Age Thread

    Thank you Bane! I just wanted to offer some advice to those who fear the C, S & I funds. In a word, don’t. I recommend that you read the Tony Robbins book “Unshakeable.” In that book he states that stocks have always trended up for the last 50 years. And there will always be large declines and...
  7. chaingunmike

    Share Your TSP Balance and Your Age Thread

    61 yo with 30 years service & GS-13. $910k & retiring late 2021 when it (hopefully) hits $1 million. 52% C, 11% S, 20% F, 17% G. Stood my ground and rode out the March Coronavirus market meltdown, made zero changes but kept up biweekly contributions. Balance is now $30k higher than before the...
  8. chaingunmike

    Share Your TSP Balance and Your Age Thread

    $716,000 TSP (55% C fund, 16% S, 29% G) w/ 28 years federal service at age 58. Shooting for $1 Million+ in next 5 years and when I reach it I’m gone. Also have $100,000 in a Roth IRA and some individual stock (Apple). Crossed the $1,000,000 net worth milestone early this year after paying off...
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