Amount in TSP? Age? Years in Government? GS Level?

[Anonymous]

125k, CG-14 (FDIC), 4 years of service.

80k FDIC 401k Savings

[Anonymous]

Get real jobs please!

[Anonymous]

400k, 43, 20 year GS 10 slacker. Too lazy to even apply for another job!

[Anonymous]

Anonymous wrote:$700K 45 16 years GS-15

How did you do this? Did you roll over other retirement funds into your TSP? I'm about the same age, with 19 years of service, but do not have this much.

[Anonymous]

$1.1 million

54

26

On the SK scale, not the GS scale

[Anonymous]

50, GS-13 just joined feds last year, $20K in TSP, took my 401K from old job and purchased 2nd home, 1st home will be paid off in 2019...will be maxing out next 15 years + catch up contributions so wherever that puts me, that's where I land.

[Anonymous]

$1.2 million, 55, 27, GS-15

8:31: See what a year can do for you?

[Anonymous]

GS-15. 16 years. 50 years old. About $300,000.

[Anonymous]

Anonymous wrote:

Anonymous wrote:$700K 45 16 years GS-15

How did you do this? Did you roll over other retirement funds into your TSP? I'm about the same age, with 19 years of service, but do not have this much.

A lot of people have high TSP balances because they made dumb decisions and then got lucky. For example, I know several people with all of their money in the S fund. I'm happy for them, but don't make the mistake of thinking that they are good investors. Btw- not directing this post at the 700k person above.

[Anonymous]

GS 15, 44, 19 years, ~540k

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You are all doing much better than me - and I thought I was doing pretty good!

47, 16 years, 390K

For comparison to you 37 year olds, a decade ago I had 60K.

how the hell did you increase your retirement savings by 330k in 10 years? are there different contribution limits for TSPs or something?

Nope. It's the market. About 10 years ago we were coming off of an abysmal period for all earnings. I'm a different poster, but I remember being "stuck" at 175k for years, even with new additions and matching. Or member thinking "I'd have been better off taking the money and sticking it under my mattress". But with matching and much better 10 year returns, you can have made that much. Good stock market plus compounding.....

I'm the poster who increased savings by $330K in 10 years. Saved about 12% of my salary (averaging about 7% contribution, plus the 5% match), and a lot of help from the markets and compound interest. I went from $60K in July 2004 to $165K in July 2009 to $330K now - doubling the value of my account in the last five years. Thanks Obama!

Am so impressed! Did you put all in C? What's your allocation if you don't mind sharing. Thanks in advance

[Anonymous]

33, 4 years of service, GS-13, 70K. I feel like it should be higher.

[Anonymous]

$815K, 54, 32, GS 15

[Anonymous]

$550K, 39. 18 years. GS-15.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$700K 45 16 years GS-15

How did you do this? Did you roll over other retirement funds into your TSP? I'm about the same age, with 19 years of service, but do not have this much.

A lot of people have high TSP balances because they made dumb decisions and then got lucky. For example, I know several people with all of their money in the S fund. I'm happy for them, but don't make the mistake of thinking that they are good investors. Btw- not directing this post at the 700k person above.

The S fund is still an index fund. It's really not that radical. Whats dumb is staying in the G fund which used to be the default.