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...
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Share Your TSP Balance and Your Age Thread
- Thread starter Globalpack
- Start date
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.
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.
Globalpack
Member
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.
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.
