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Subject:  Re: Retirement Savings Date:  8/3/2000  10:43 AM
Author:  dweiss3 Number:  23881 of 88051


Looks to me like you are in very good shape. If the TSP C-Fund averages 10% return over the next 21 years (til you are 55 & eligible to retire). Your money would double 3 times even if you didn't contribute another dollar. You would have approx. $272 at age 55. If you continue to contribute the maximum allowed and get the full gov't match, you will have a very substantial account upon retirement. I assume you will also eventually be eligible for social security. Are you also contributing to a ROTH IRA? You should seriously consider doing that too, even if it means contributing less to the TSP.

I'm under the old CSRS retirement system so my TSP contributions are limited to 5% of salary with no gov't match. I will be retiring in less than two years. My TSP account is only around $90K but I have other substantial IRA accounts; my wife has a 403B account and with the generous CSRS pension (60% of average high three years salary + cost of living adjs) I will not have to work at all after age 55.

Without knowing more about your family situation (kids?, etc.) it's tough to judge how you are doing but many people your age have not even started saving for retirement so you are probably ahead of the game. Good luck.

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