Thrift Savings Plan (TSP) Calculator

Project your retirement nest egg as a federal employee or member of the uniformed services. TSP is the federal equivalent of a 401(k).

Service Details

Annual Base Pay

System & Age

Your Contribution (%)

Current TSP Balance

Years to Retirement

Expected Annual Return (%)

Federal Retirement Forecast

Projected Balance$654,684After 20 years

Total Annual Contribution$11,250Employee + Agency Share

Account Growth Over Time

Overview

Project your retirement nest egg as a federal employee or member of the uniformed services. TSP is the federal equivalent of a 401(k).

💡

Pro Tips

What is the TSP?: The Thrift Savings Plan (TSP) is a tax-advantaged retirement savings and investment plan for Federal employees and members of the uniformed services.
How does the matching work?: For FERS employees, the government contributes 1% of base pay automatically. They then match your contributions dollar-for-dollar on the first 3%, and 50 cents on the dollar for the next 2%. The max match is 5%.
What is the difference between CSRS and FERS?: CSRS (Civil Service Retirement System) employees generally do not receive government matching contributions to their TSP. FERS (Federal Employees Retirement System) employees do receive the full 5% match.

Fun Facts

"The TSP is known for having some of the lowest administrative fees in the entire retirement industry."
"The 'L Funds' (Lifecycle Funds) automatically adjust your asset allocation as you get closer to retirement."
"As of 2024, the TSP is one of the largest defined contribution plans in the world, with over 6 million participants."

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Thrift Savings Plan (TSP) Calculator

Project your retirement nest egg as a federal employee or member of the uniformed services. TSP is the federal equivalent of a 401(k).

Service Details

Annual Base Pay

System & Age

Your Contribution (%)

Current TSP Balance

Years to Retirement

Expected Annual Return (%)

Federal Retirement Forecast

Projected Balance$654,684After 20 years

Total Annual Contribution$11,250Employee + Agency Share

Account Growth Over Time

Overview

Project your retirement nest egg as a federal employee or member of the uniformed services. TSP is the federal equivalent of a 401(k).

💡

Pro Tips

What is the TSP?: The Thrift Savings Plan (TSP) is a tax-advantaged retirement savings and investment plan for Federal employees and members of the uniformed services.
How does the matching work?: For FERS employees, the government contributes 1% of base pay automatically. They then match your contributions dollar-for-dollar on the first 3%, and 50 cents on the dollar for the next 2%. The max match is 5%.
What is the difference between CSRS and FERS?: CSRS (Civil Service Retirement System) employees generally do not receive government matching contributions to their TSP. FERS (Federal Employees Retirement System) employees do receive the full 5% match.

Fun Facts

"The TSP is known for having some of the lowest administrative fees in the entire retirement industry."
"The 'L Funds' (Lifecycle Funds) automatically adjust your asset allocation as you get closer to retirement."
"As of 2024, the TSP is one of the largest defined contribution plans in the world, with over 6 million participants."

Used with this

Similar tools that might be useful

AFFO Calculator

Calculate Adjusted Funds From Operations (AFFO), a key performance metric for Real Estate Investment Trusts (REITs).

AFN (Additional Funds Needed) Calculator

Determine the amount of external funding a business needs to support a projected increase in sales.

ARV Calculator (House Flipping)

Calculate After Repair Value and determine the maximum offer price using the 70% rule for real estate investors.