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STATIC Paycheck estimator

  1. 1
  2. 2
  3. 3
  4. 4
  1. Retirement system
  2. Paycheck information
  3. Contribution election
  4. Results

PANEL 1: RETIREMENT SYSTEM

Retirement system
  • Participants turning age 50 or older are eligible for catch-up contributions. We'll take that into account when calculating how much you can contribute.

PANEL 3: CONTRIBUTION ELECTION

TSP Contributions Per Paycheck

Enter either a whole percentage of your basic pay or a whole dollar amount that you plan to contribute per paycheck for each type of contribution you elect. You may leave a section blank if you do not wish to make that type of contribution.

You can enter different values into Scenario 2 if you want to see how other contribution amounts will affect your paycheck.

Scenario 1 (required)

Traditional contributions
Your regular employee contributions exceed the Internal Revenue Code (IRC) elective deferral and catch-up contribution limits (${ irc } + ${ catch-up } in { year }).
  • Traditional contributions come out of your pay before taxes are calculated; you pay taxes on these contributions and their earnings when you withdraw them.

    If you're turning 50 or older this year, you can add any contributions (including tax-exempt) toward the catch-up limit here too. However, any tax-exempt contributions toward catch-up limit must be Roth.

Roth contributions
  • Roth contributions come out of your pay after taxes are calculated; you pay no taxes on these contributions when you withdraw them. Roth earnings are also tax-free when withdrawn, as long as you meet the IRS requirements to qualify.

    If you're turning 50 or older this year, you can add any contributions (including tax-exempt) toward the catch-up limit here too. However, any tax-exempt contributions toward catch-up limit must be Roth.

Scenario 2 (optional)

Traditional contributions
Roth contributions

PANEL 4: RESULTS

TSP Contributions Per Paycheck

Scenario 1 Scenario 2
Paycheck results Adjust
Gross pay per paycheck $5,000.00 $5,000.00
Your Traditional (Pre-Tax) Contribution -$1,010.00 -$0.00
Your Roth (After-Tax) Contribution -$0.00 -$0.00
Your Traditional Catch-Up Contribution -$10.00 -$0.00
Your Roth Catch-Up Contribution -$0.00 -$0.00
Federal Income Taxes -$694.81 -$937.21
Additional Federal Tax Withholding -$0.00 -$0.00
Other Taxes and Payroll Deductions -$0.00 -$0.00
Total Amount Deducted From Your Pay -$1,704.81 -$937.21
Net Paycheck $3,295.19 $4,062.79
Contributions summary Adjust
Total Amount of Your Contribution(s) $1,010.00 $0.00
Agency Automatic (1%) Contribution1 $50.00 $50.00
Agency Matching Contribution1 $200.00 $0.00
Total Contributions Increase Your TSP Account By $1,260.00 $50.00
  1. All agency contributions are deposited into the traditional balance of your TSP account regardless of whether you have chosen to make traditional or Roth employee contributions.
  1. All service contributions are deposited into the traditional balance of your TSP account regardless of whether you have chosen to make traditional or Roth employee contributions. There are no Service Matching Contributions of catch-up contributions. Most members are not eligible for matching contributions until they have served two years. All service contributions stop after a member has served 26 years. Check with your service regarding eligibility for service contributions.