How much will my savings grow?
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- Introduction
- Savings growth information
- Savings growth estimate
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This calculator will show you the growth of your current account balance, growth of future contributions from your paycheck, or both. You must select a growth model.
Your service so far
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Your DIEMS (Date of Initial Entry into Military Service) is the date on which you committed to enlist or enter an academy, not necessarily the date you began serving. Ask your service personnel office if you are unsure of your DIEMS.
Future contributions
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FERS You may begin contributing to the TSP (through payroll contributions) as soon as you are hired. You also receive Agency Automatic (1%) Contributions and are eligible to receive Agency Matching Contributions. Note: Newly hired or rehired FERS employees are automatically enrolled to contribute 3% of basic pay unless they elect otherwise. For more information on agency contributions, see Contribution types.
CSRS You may begin contributing to the TSP (through payroll contributions) as soon as you are hired. Note: Newly rehired CSRS employees are automatically enrolled to contribute 3% of basic pay unless they elect otherwise. CSRS employees do not receive agency contributions.
USBRS You can contribute from incentive pay, special pay, or bonus pay, as long you contribute from your basic pay. You can elect to contribute from incentive pay, special pay, or bonus pay, even if you are not currently receiving them. These contributions will be deducted when you do receive any of these types of pay. BRS members also receive Service Automatic (1%) Contributions and are eligible to receive Service Matching Contributions. Note: Newly hired or rehired uniformed services members are automatically covered by BRS and enrolled to contribute 3% of basic pay unless they elect otherwise. For more information on agency contributions, see Contribution types.
US You may begin contributing to the TSP (through payroll contributions) as soon as you are hired. You can contribute from incentive pay, special pay, or bonus pay, as long you contribute from your basic pay. You can elect to contribute from incentive pay, special pay, or bonus pay, even if you are not currently receiving them. These contributions will be deducted when you do receive any of these types of pay. Note: Non-BRS members of the uniformed services do not receive Service Automatic (1%) Contributions or Service Matching Contributions.
BP You cannot contribute additional funds to the TSP account that was established for you.
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Enter the gross amount of basic pay you receive each year. Note: Uniformed services members can contribute from incentive, special, and bonus pay — civilians cannot.
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This will depend on how often you are paid (biweekly or monthly, for example). If you are uncertain, check with your personnel or finance office.
Payment Frequency Number of Salary Payments Biweekly 26* Monthly 12 Weekly 52 Semimonthly 24 *A biweekly frequency occasionally results in 27 salary payments for a year. Contact your personnel or payroll office if you do not know the number of salary payments you will receive for the remainder of the year.
Internal Revenue Code (IRC) Elective Deferral Limit
Your yearly contribution: 0
Maximum whole percentage below limit: 0%
Maximum fixed amount below limit: 0
The combined total of your regular employee contributions exceeds the Internal Revenue Code (IRC)
elective deferral and catch-up contribution limits
($19,500.00 + $6,500.00
in 2020).
If you reach the IRC elective deferral limit before the end of the year, your own contributions will be suspended, and you will miss out on the associated earnings.
Note: If you are age 50 or over, you can make catch-up contributions in excess of the elective deferral limit.
For more accurate results, decrease the amount of regular employee contributions you would like to make.
Account contributions
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Subtract the current year from the year you expect to start drawing down from your account.
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Enter the annual rate of return you expect to earn on your contributions. View the Rates of return for context, but keep in mind that past performance is not a guarantee or a predictor of future returns.
Maximizing Agency or Service Contributions
To receive the maximum Agency or Service Matching Contributions, you must contribute 5% of your basic pay each pay period.
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Your existing account balanceGrowth of your existing account balanceYour future contributionsGrowth of your future contributionsTotal estimated TSP account balance
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The results below show how much your account will grow over time based on an expected annual rate of return of --.
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Retirement System
ChangeRetirement system:xxx lblAYRretirementSystemType(s) of growth
ChangeGrowth model:xxx lblAYRgrowthSelectorYour service so far
ChangeNumber of years already served:xxx lblAYRyearsServedDIEMS (Date of Initial Entry into Military Service)xxx lblAYRDIEMSdateExisting account balance
ChangeCurrent account balancexxx lblAYRamountToUseFuture contributions
ChangeYears to make contributions:xxx lblAYRyearsToContributeAnnual pay:xxx lblAYRannualPayPay schedule:xxx lblAYRpaySchedulePercent salary to save:xxx lblAYRannualPayPercentExpected Percent Salary Increase:xxx lblAYRannualPayIncreasePercentAccount growth
ChangeNumber of years until you start withdrawing:xxx lblAYRyearsToGoExpected annual return:xxx lblAYRrateOfReturn
DISCLAIMER: This calculator is provided for informational purposes only. It is not intended to be used as an investment advisory tool or as a guarantee of a final account balance. Please note that the results shown at the end of this calculator assume that elected contributions are made for the entire year. Results do not take into account the following Internal Revenue Code (IRC) limits: elective deferral, section 415(c), and catch-up contribution. These limits, which may change every year, determine the maximum annual amount that you and/or your employing agency can contribute to the TSP on your behalf. You can view the current year’s limits on the TSP website under News and resources.