Time in market: Investors with at least $1 million in their account on average have been investing in the TSP for about 28 years. Image: Natalya Kosarevich/Shutterstock.com
By: FEDweek StaffThe number of TSP account holders with balances of at least $1 million continued to climb in the calendar quarter ending September 30 to just below 190,000, up by about 19,000 in those three months and up by about 32,000 year-to-date.
The number with balances between 75,000 and $1 million meanwhile rose to about 135,000, up about 7,000 in the quarter and 12,000 on the year, while the 264,000 with balances between $500,000 and $750,000 rose by about 9,000 in the quarter and is up by about 23,000 year-to-date.
The number of TSP account holders now stands at 7.62 million, up by 40,000 on the year, a number that includes current federal and military personnel and those who have separated for retirement or other reasons and who have kept their accounts in place.
The largest individual account is $9.93 million; the largest at the start of the year—presumably, but not necessarily, owned by the same person—was $9.37 million.
Investors with at least $1 million in their account on average have been investing in the TSP for about 28 years.
As of the end of August, TSP investors had $1.035 trillion on account, with the average balance for a CSRS investor about $234,000 and for a FERs investor, about $209,000. The total is up from $963 billion at year-end 2024, while the averages are up from $220,000 and $194,000, respectively.
Getting to the Million Mark
There are certain principles that TSP millionaires know and follow to get to where they are while others wonder how they do it. The good news is that there is no magic or vudu involved. It is simply math.
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