Starting in January 2021, we’re making the process easier for participants. If you’re turning 50 or older and are eligible for catch-up, you’ll no longer need to make separate catch-up elections to your TSP account. To learn how to make these contributions next year, visit Catch-up contributions.
TSP installment payment calculator
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Introduction
Installment Payment Information
Installment Payment Estimate
If you are currently receiving installment payments and want to choose a different amount,
use this calculator to estimate how many payments you will receive and how long they will last.
You need a vested account balance of at least $200 to receive TSP installment payments.
You must receive at least $25 per payment.
Indicate a rate of return (i.e., 5.25%) if you would like your calculation based on
an assumed annual earnings rate (e.g., the rate you expect your TSP account to grow).
Otherwise, your calculation will not include projected earnings. You can view the
Rates of return
page for more information, but remember that past performance is not a guarantee or
a predictor of future returns.
A summary of your results is shown below.
Keep in mind that installment payments for a specific dollar amount are paid until
you stop or change your payments or your account balance reaches zero.
Amount from your account used for monthly payments:
Paid in periodic installments of
At an assumed annual rate of return of
Which will deplete your account in
Note: Payments may be made for a longer or shorter period of time than expected, depending on the gains and
losses in the value of your account while you are receiving installment payments. If you are subject to the IRS Required Minimum Distribution (RMD) rules and your installment payments do not satisfy your RMD, a supplemental payment will be made to you.
These results are based on requested installment payment amounts.
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 the duration of the elected
installment payment amount.
