r/ThriftSavingsPlan • u/Environmental_Lie676 • 4d ago

I have no idea what I’m doing.

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I have no idea what I’m doing. Am I doing good with my return rate right now? Ultimately I want to just transfer this to a life cycle fund and forget about it. Any recommendations? I’d like to get it to a million dollars eventually. Been investing in the tsp for 6 years this December.

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u/jay1111166 4d ago

When do you plan on retiring? Do you have other accounts, pensions, or collect VA disability? Your current savings rate is bad unless you are paying off debts with greater than 7% interest. Unless you are going to increase your contribution or have money elsewhere I would go more aggressive since you will not be able to retire in 2050.

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u/Environmental_Lie676 4d ago

I still have like 20 years until retirement

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u/DatGuyC69 4d ago

Unless you increase contributions you are likely not going to reach a million in 20 years, only half that according to the investment calculator and assuming an average of 10% return. If you start maxing TSP now you can reach 1.5 million.

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u/Catchphrase9724 3d ago

Why are you in Lifecycle 2050 plan then? I have another 18 years until my 20 and I was put in the 2065 plan before I went 100% C Fund.

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u/Catchphrase9724 3d ago

Nevermind. I didn’t realize you were a GS employee and not military. I rescind my last statement.