Sep 9, 2026
You may have heard that you need a certain amount of money before retirement. But those numbers do not tell you whether your individual retirement plan will work.
For federal employees, retirement income may come from multiple sources, including the FERS Basic Benefit, Social Security, and the Thrift Savings Plan (TSP). Your personal retirement number also depends on how much you expect to spend, when you retire, taxes, health care costs, and the lifestyle you want to maintain.
Instead of asking only, “How much money should I have saved?” consider asking:
How much income will I need in retirement, and where will that income come from?
A retirement strategy should bring together your expected spending, FERS pension, Social Security, TSP and other assets, taxes, health care expenses, survivor needs, and personal retirement goals.
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