Lol im 35 and have $17k

Lmao, yes, it’s enough. If you don’t put a dime into it, it’ll be $7.5 million at 65 in today’s dollars (i.e., controlled for projected inflation). From that, you can safely withdraw 350k a year in today’s dollars with like a 95% chance of not drawing down the principal.

If you can’t comfortably live on 350k/yr in retirement, I judge the shit out of you.

As a fellow fed you’re really giving all of us a bad name….or more likely a troll trying to stir up anti-fed sentiment

Max out TSP and Roth (or backdoor Roth IRA) every year and let the 1 mil ride in an S&P index fund and you’ll be in great shape. Probably can retire a little early.

It’s a good start and can last once you are retired if you live frugally, but that’s a long way away. It would last me about 3 years.

Anonymous wrote:I'm so confused. What do you mean, you aren't contributing to your brokerage account? Are you both maxing out your federal TSPs? Meaning, not just making the match, but making the maximum donation you are each allowed to make at your age?

If not, you're need to change your finances around because that's dumb. You should be maxing out your TSP, both of you. If you're doing that, and you already have one million in other investments, you're doing pretty well for age 35.

oh sorry reading fail at my point. yes, if you are maxing out your TSPs, not just contributing the match, then I would not worry to much about the rest of the savings for now.

I'm so confused. What do you mean, you aren't contributing to your brokerage account? Are you both maxing out your federal TSPs? Meaning, not just making the match, but making the maximum donation you are each allowed to make at your age?

If not, you're need to change your finances around because that's dumb. You should be maxing out your TSP, both of you. If you're doing that, and you already have one million in other investments, you're doing pretty well for age 35.

I call troll. What agencies are currently hiring gs-15 feds right now???

No, you need $10mil at 35.

The question is meaningless as presented. "Big enough" for what? If you plan to never contribute another cent to savings/investments, and earn 7% year until age 65, $1M will grow to $7,612,255. Whether that is enough depends 1) whether you actually achieve that annualized rate of return, 2) don't need to tap into your principal early, and 3) what your expenses will be in retirement. If you assume a 3.5% annual rate of portfolio drawdown, you can probably withdraw $266,428 annually from your principal without running out of money over the next 30 years. Pension and SS income can reduce the amouint you need to take from your portfolio, or extend how long it lasts, but that depends on your expenses, obviously.

at 50 i've got 700k in my TSP after starting from 0 at 40. so even if you contribute only to TSP for the next 20 years you should be fine.

you're too far away from VERA or MRA to know for sure if you will be able to pull the retirement trigger in 15 or 22 years but the answer is likely yes.

if, you know, the dollar doesn't become worthless in the intervening years.

I am not sure what you mean by "big enough" but I think that's a good size saving. We didn't hit the first mil until early 40s.

No

Nope. Buy BTC and Gold.

For a nice retirement? My DH is the higher earner, but taking a well deserved step back and got a nice Fed position. We'll both be GS-15, maxing out TSP contributions, but won't be able to invest in our brokerage in a meaningful way with expenses. Our house is worth about 900k and we still owe 500k on it, at pandemic level interest rates.

I realize I'm fortunate but it's weird not to be able to contribute to the brokerage account anymore. We're in a total world index fund fwiw