Skip to content
An independent resource for federal employeesSourced from OPM · TSP · GSA
FedToolsIndependent pay & benefits data for the federal workforce
TSP · Retirement Savings

TSP Growth & Withdrawal Calculator

Project your TSP balance growth, calculate safe withdrawal rates for retirement, and see your total income including FERS annuity and Social Security. No sign-up, no email, no phone number — results are instant.

Reviewed by Jonathan D., 20-year federal employee · Formulas verified against TSP.gov ·

TSP accumulation estimate updated. Projected retirement balance is $1,426,461.
%
Standard: $24,500
Your contribution summary
Your annual contribution$4,000
Government match$4,000
Total annual contribution$8,000
IRS elective-deferral limit$24,500
Government match breakdown
1% automatic FREE
Given regardless of your contribution
$800
First 3% matched 100%
You contribute 3.0%, agency matches 3.0%
$2,400
Next 2% matched 50%
You contribute 2.0%, agency matches 1.0%
$800
Total annual match$4,000
You are maximizing your agency match.
Projected balance at age 62Moderate (7%) return
$1,426,461
in 27 years, at 7% average annual return
3538404345485153565861
$270,000
Your contributions
Over 27 years
$108,000
Agency match
Free money
$998,461
Investment growth
Compounded
27
Years to retirement
100% Traditional

Who this TSP calculator is for

  • FERS employees projecting what their balance grows to by a target retirement age, with the 5% agency match included.
  • Employees 50 and over modeling catch-up contributions and the late-career compounding runway.
  • Anyone weighing Traditional vs. Roth — including the in-plan Roth conversions TSP added in 2026.
  • Separating and retiring employees stress-testing a withdrawal rate against a 30-year retirement.
Know your 2026 GS salary

Your contributions come from your paycheck -- look up your exact GS pay with locality to set the right percentage.

Open GS Pay Calculator →

2026 TSP contribution limits

The IRS sets annual limits on TSP contributions. SECURE 2.0 added a "super catch-up" for ages 60-63 starting in 2025.

2026 TSP contribution limits by age category
CategoryAnnual limitPer pay period
Regular (all ages)$24,500$942.31
Catch-up (age 50+)+ $8,000+ $307.69
Total (age 50+)$32,500$1,250.00
Super catch-up (ages 60-63)+ $11,250+ $432.69
Total (ages 60-63)$35,750$1,375.00
2026 change: if you earned over $145,000 in 2025, all catch-up contributions must be Roth (mandatory under SECURE 2.0). Regular contributions can still be Traditional or Roth.

How TSP agency matching works

FERS employees get matching up to 5% of basic pay -- essentially free money, an immediate 100% return on the first dollars you contribute.

FERS TSP agency automatic and matching contribution rates
You contributeAgency autoAgency matchTotal to TSP
0%1%0%1%
3%1%3%7%
5%+1%4%10%
Vesting: your contributions and the 4% match are immediately vested. The 1% automatic contribution vests after 3 years of federal civilian service.

A 25-year TSP growth model

What steady contributions actually compound to: a 35-year-old GS-12 earning $80,000, contributing 5% with the full 5% agency total, starting from a $50,000 balance at a 7% average return.

Illustrative 25-year TSP balance projection at 7% average annual return
YearAgeContributions to date (you + agency)Projected balance
Year 136$8,000$61,500
Year 540$40,000$116,100
Year 1045$80,000$208,900
Year 1550$120,000$339,000
Year 2055$160,000$521,400
Year 2560$200,000$777,400
Illustrative model: $8,000/year total inflow ($4,000 employee + $4,000 agency on an $80,000 salary), constant salary, 7% average annual return compounded annually. By year 25, more than $527,000 of the balance is investment growth. Run your own numbers in the calculator above.

The five TSP funds

Five individual funds, plus Lifecycle (L) funds that auto-rebalance toward your target retirement date.

G FundLowest risk
Government Securities
Guaranteed by the U.S. Government. Never loses principal. ~4.4% return in 2025.
F FundLow-moderate
Fixed Income (Bonds)
Tracks the Bloomberg U.S. Aggregate Bond Index. Can lose value in rising-rate environments.
C FundModerate
S&P 500 Index
500 largest U.S. companies. Most popular TSP fund. ~17.9% return in 2025.
S FundModerate-high
Small/Mid-Cap Stocks
U.S. stocks NOT in the S&P 500. Higher growth potential, more volatile.
I FundModerate-high
International Stocks
40+ developed and emerging markets (ex-USA). Record 32.5% return in 2025.
L FundsVaries
Lifecycle / Target-Date
Auto-rebalances from stocks toward bonds as you approach your target retirement date.

TSP fees are among the lowest anywhere -- about 0.04% (4 cents per $100), versus 0.5-1.5% for a typical 401(k). Over 30 years that gap saves tens of thousands of dollars.

Deep-dive any fund — returns history, holdings, and how it fits an allocation: G Fund · F Fund · C Fund · S Fund · I Fund — or read the strategy guide: Best TSP allocation for 2026.

NEW 2026

Roth in-plan conversions

Starting January 28, 2026, you can convert Traditional TSP to Roth TSP directly inside your account -- no rolling out to an IRA first.

How it works
Minimum conversion: $500
Maximum: 26 conversions per year
Must leave $500 in each contribution source
Available in My Account starting Jan 28
Tax impact
Conversion amount is taxable income
TSP does NOT withhold taxes
Pay via estimated taxes or adjust W-4
Once converted, cannot be undone

Best for: low-income years, market downturns (convert more shares for the same tax), reducing future RMDs, or building tax-free retirement funds.

Traditional vs. Roth TSP

Traditional TSP
Contributions reduce taxable income now
More take-home pay today
Withdrawals taxed as ordinary income
Best for: high earners (GS-14+), near retirement, expecting a lower bracket later.
Roth TSP
No tax deduction now
Growth and withdrawals are 100% tax-free
A hedge against future tax increases
Best for: early career, lower bracket now, expecting higher taxes later.

Pro tip: you can split contributions between Traditional and Roth for tax diversification. Agency matching always goes to Traditional, regardless of your election.

TSP withdrawal calculator: how it works

The withdrawal mode above models three ways to draw down your balance in retirement: the 4% rule (withdraw 4% of the starting balance, adjusted for inflation), a fixed monthly amount of your choosing, and required minimum distributions on the IRS schedule that begins at age 73 or 75 based on birth year and applies only to the Traditional balance. Each projection shows how long the money lasts and what the balance looks like year by year.

TSP calculator — frequently asked questions

The questions federal employees ask most about TSP growth, withdrawals, the agency match, and the rules that change what you keep.

How much will my TSP be worth at retirement?

Your TSP balance depends on your current balance, years to retirement, contribution amount, agency match, and expected return rate. Our calculator projects growth using conservative (5%), moderate (7%), and aggressive (9%) scenarios.

What is a safe TSP withdrawal rate?

The 4% rule suggests withdrawing 4% of your balance in year 1, adjusted for inflation annually. This historically lasts 30+ years. More conservative: 3.5%, more aggressive: 4.5-5%.

How does TSP agency matching work?

FERS employees receive automatic 1% plus matching: 100% match on first 3% you contribute, 50% on next 2%. Contribute 5% of salary to get the full 5% agency match (10% total going into TSP). This is an immediate 100% return on your money.

What is the TSP contribution limit for 2026?

For 2026: $24,500 regular limit ($942/pay period). Age 50+: add $8,000 catch-up = $32,500 total ($1,250/PP). Ages 60-63: super catch-up of $11,250 = $35,750 total ($1,375/PP). Spread contributions across all 26 pay periods to avoid losing matching.

Should I choose Traditional or Roth TSP?

Traditional: tax deduction now, taxable withdrawals later - best if high earner or near retirement. Roth: no deduction now, tax-free withdrawals later - best if early career or lower bracket. You can split contributions between both for tax diversification.

What happens if I max out my TSP early?

If you hit the annual limit before your last pay period, agency matching STOPS for the remaining pay periods. Solution: spread contributions evenly ($942/PP for under 50, $1,250/PP for 50+, $1,375/PP for ages 60-63).

What are the TSP fund options?

G Fund (government securities, never loses), F Fund (bonds, low risk), C Fund (S&P 500, moderate risk), S Fund (small cap stocks, higher risk), I Fund (international stocks, higher risk), plus L Funds (lifecycle/target-date that auto-rebalance based on retirement year).

Can I rollover a 401(k) or IRA into TSP?

Yes. You can roll Traditional 401(k), 403(b), 457, IRA, and SIMPLE IRA into Traditional TSP. Roth 401(k)/403(b)/457 can roll into Roth TSP. However, you cannot roll Roth IRA into TSP. TSP has some of the lowest fees in the industry (0.04%).

When do TSP Required Minimum Distributions (RMD) start?

RMDs generally begin at age 73 if you were born from 1951 through 1959, or age 75 if you were born in 1960 or later. They apply to your Traditional TSP balance; Roth TSP balances have no lifetime RMD for the participant beginning in 2024.

What is the TSP age 55 rule?

If you separate from federal service during or after the year you turn 55, you can withdraw from TSP without the 10% early withdrawal penalty. This is better than IRA rules (which require age 59 1/2). Special provisions employees (LEO, firefighters) qualify at age 50.

Can I access TSP before age 55 without penalty?

Yes, using the 72(t) rule (Substantially Equal Periodic Payments or SEPP). You commit to fixed annual withdrawals for 5 years or until age 59 1/2, whichever is longer. Three IRS-approved calculation methods exist: RMD, Fixed Amortization, and Fixed Annuitization. Warning: breaking the 72(t) rules triggers retroactive 10% penalties on all prior withdrawals.

Does this calculator work for CSRS employees?

Yes. CSRS employees participate in TSP but receive no agency matching (matching is a FERS benefit). Set the agency match assumption to zero by treating your contribution as the only inflow — the growth and withdrawal projections work identically.

Does this calculator work for military BRS members?

Yes. Blended Retirement System matching mirrors FERS: 1% automatic plus matching up to a 5% contribution. Enter your basic pay and contribution rate. For the full BRS picture including the pension multiplier and continuation pay, see our BRS vs High-3 calculator.

Keep going
Plan your FERS pension
Your TSP is just one leg of federal retirement. Estimate your FERS annuity alongside TSP withdrawals for a complete income picture.
Open calculator
Look up your 2026 GS salary
Your TSP contribution percentage is taken from your paycheck. Look up your exact GS pay with locality to plan the right amount.
Open calculator
High-3 Calculator
Find your highest 36 months of basic pay -- the foundation of the FERS pension formula that funds your non-TSP retirement income.
Open calculator
TSP Withdrawal Strategies
A deep dive on the 4% rule, RMD timing, the TSP annuity option, and how to sequence withdrawals for tax efficiency.
Read guide
TSP Mutual Fund Window
Access to 5,000+ mutual funds beyond the core G/F/C/S/I lineup -- costs, minimums, and who it makes sense for.
Read guide

Latest TSP news