So I've been with the Government for 30 plus years and am planning to retire in 2025. A chunk of my retirement income will come from my tsp which i'm looking to withdrawal 4% per year. I have no IRAs as of yet. What are the current recommendations to manage TSP $ when you retire? I am planning to wi...

I am not a special category employee, so I will not receive COLAs between my MRA and age 62.

Yes, this does not apply to special category employees who do enjoy the benefit of COLAs on their FERS pension when they retire prior to 62.

62 it becomes 1.1

and don't forget added years of TSP contributions (from MRA to 62).

also remember if you go early, you don't get COLAs on your annuity until you hit 62. I just learned that in the last 2 years or so.

Years of service (36) x my high 3.

Supplement is expected payout at 62 divided by 40 x years of service.

I have made saving a priority and have about $1.8M with about 4 years until I hit MRA (which is 56). In today's dollars my FERS and supplement will provide about $73000 annually. Using the 4% rule (assuming I get to $2M in 4 years) that will yield another $80K annually for an approximate income of $...

Welcome to my FantasyTSP Account topic...