Fedweek

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The number of TSP millionaires crossed the 100,000 mark as of the end of calendar year 2021 after hovering just below that figure for much of the year, with the number now standing at 112,880.

That’s up from the 75,420 as of the end of calendar year 2020, with the largest account now more than $10.9 million, compared with $8.8 million a year ago.

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The number of accounts with balances between $750,000 and $1 million rose over the year from about 89,000 to 105,000; those between $500,000 and $750,000 from about 198,000 to about 220,000; and those between $250,000 and $500,000 from about 513,000 to 538,000.

Those in the millionaire category on average have been in the TSP for 28.2 years, and those in the next three categories down for about 25, 23 and 20 years. Those number are little changed from the year-end 2020 count.

There are now just under 6.3 million TSP account holders, counting active and separated federal employees and military personnel. In some cases the account balances reflect rollovers from retirement savings plans of prior employers and investment gains on them along with direct investments in the TSP and investment gains on them.

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