Reply to What is your "magic number" for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My "I'd walk away without another thought" number is $10M (single, no kids, 50s).

I won't get to 10M absent some kind of windfall, but will likely retire with $3-4M TSP, $1M other, fed pension in the 150-200 range, $1M house paid off.
[/quote]

How are you getting a Fed pension of $150-200k? Are you dual Feds? [/quote]

Never mind, saw you are single. How are you getting $150-200K pension?  Doctor?[/quote]

I also wonder how you are getting 150-200K pension? [/quote]

Some private companies still need offer pensions. [/quote]

Yeah but PP mentioned a TSP account.

Which, not that I am reading about a single TSP with $3-4M, I am realizing PP is trolling. [/quote]

Can’t 2 Feds do that?[/quote]
1 fed, independent agency, advanced degree, very long tenure (at top of wage scale now), max tax deferred TSP contributions nearly all in equities for the whole time. TSP now nearing 3M. If retiring at 62, the internal pension calculator puts the pension in the 150-200 range.  No, I'm not going to post my statements and W2. But it's possible and I am definitely not the only person in my agency in this situation.[/quote]

What is an independent agency? Also, the all equities strategy is risky for those not early in their careers. 60/40 is the norm and I wouldn’t break too much with that unless I was very comfortable with risk. [/quote]

Basically, this person is at an agency that is not on the GS scale and has its own pension plan and version of TSP.

I posted earlier.  Am likely at the same agency but longer tenure and greater age.  My TSP is considerably larger. All equities for decades but a year ago put 15% into governments and am still questioning why I bothered.  Pension is effectively a huge bond portfolio. Am near retirement and switched to including a percentage of governments for dealing with RMDs when they come.[/quote]

I am also at one of those agencies and I still don’t understand how one person is getting a $150-200k pension. Or has a $3-4M TSP in their 50s.

I am 45 and am no where near that. I am at the top of the scale and will have 35 years at 62. My pension (today’s dollars) is $95K. My TSP is $1.3M with a 10% match.

Only thing I can guess is that this is Fed Reserve Board or CFPB at the top of the scale with 38-40 years? [/quote]

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