There are now thousands of millionaires in the Thrift Savings Plan (TSP). The number of these successful investors has dropped in the past year though as the boom in stocks has dissipated and stock market volatility has increased.
The rising stock market has increased the number of federal employees who have balances of $1 million or more. Some of our users have said it is not possible to achieve this milestone, but one of our readers says it most definitely is and shared her strategy with us.
The Thrift Savings Plan has provided favorable returns to stock fund investors over the past several years. One indicator is the increasing number of TSP investors with at least $1 million in their TSP accounts.
Can a federal employee accumulate more than a million dollars in a TSP account? 562 have done so, more than double the number that existed in early 2012. Their average tenure as a federal employee: 24.8 years.
How are your TSP investments progressing? One TSP investor now has over $4 million in an account. 207 others don’t have that much but still have over $1 million accrued.
Are you a millionaire? Will you become one before you retire?
