TSP Calculator — Federal Thrift Savings Plan with Employer Match

Run the math on your TSP contributions, employer match, and BRS (Blended Retirement) match in one tool. Compare traditional vs. Roth TSP, hit the 2026 $24,500 elective limit precisely, and forecast end-of-career balance.

The Thrift Savings Plan (TSP) is the 401(k)-equivalent for federal employees and uniformed-services members. Get the contribution percentage right and your agency or military service matches up to 5% of basic pay — that's free money. Get it wrong and you literally leave thousands of dollars on the table every year.

This calculator solves the two questions every TSP participant should be asking: Am I capturing the full match? and Should I be in traditional or Roth TSP? It handles FERS civilian matching (1% automatic + dollar-for-dollar up to 3% + 50¢ on the dollar for the next 2% = 5% max), military BRS matching (same formula but capped at 5% of basic pay), and the legacy CSRS context where TSP has no match at all.

For 2026, the IRS elective deferral limit is $24,500 (up from $23,500 in 2025), the age-50 catch-up is $8,000, and the new age-60-to-63 super catch-up is $11,250. Hitting the elective limit too early in the year can cut you off from the match — the calculator's "even-out your contributions" feature shows the exact per-pay-period percentage to maximize matching across all 26 pay periods.

The Roth vs. traditional decision is mostly a function of your current tax bracket vs. your expected retirement bracket. The calculator runs both forward to show the break-even point and the after-tax balance in each scenario.

How the TSP calculator works

Step 1 — Enter your basic pay. For federal civilians, this is your base salary (not locality). For military, this is your base pay (not BAH, BAS, special pays). The 5% match is calculated on basic pay only.

Step 2 — Set your contribution percentage. The calculator validates you're hitting 5% to capture the full match. If you're trying to hit the IRS $24,500 limit, the tool shows the exact percentage to spread it evenly across 26 pay periods, so you never stop contributing mid-year and lose match.

Step 3 — Pick traditional or Roth. The calculator runs both. If your current marginal bracket is 12% or 22% and you expect to retire in a similar or higher bracket, Roth usually wins. If you're at 32%+ marginal now and expect to be in 22% or lower in retirement, traditional usually wins. The actual answer depends on your other retirement income and state-tax expectations.

Ready to run the numbers?

Federal civilian, military, and FERS users: enter your salary, contribution %, and years to retirement — the calculator shows match captured, total balance projection, and Roth vs. traditional break-even.

Open the TSP calculator →

Frequently asked questions

What's the 2026 TSP contribution limit?

$24,500 elective deferral (the IRS 402(g) limit, same as 401(k)/403(b)). Age-50 catch-up: $8,000. Age 60-63 super catch-up under SECURE 2.0: $11,250. The combined cap for employer + employee contributions in 2026 is $72,000 (IRS 415(c)) — relevant if you're maxing TSP and your agency makes large matching contributions.

How does the TSP match work?

For FERS civilians and BRS military: 1% automatic agency/service contribution (you get it whether you contribute or not), plus dollar-for-dollar match on your first 3%, plus 50¢ on the dollar for the next 2%. Maximum employer contribution = 5% of basic pay. You must contribute at least 5% to get the full match. CSRS civilians have NO TSP match. Military legacy (non-BRS) participants have no match.

Should I do Roth TSP or traditional TSP?

Rule of thumb: if your current marginal tax bracket is 22% or below and you expect to retire in a similar or higher bracket, Roth usually wins. If you're at 32%+ and expect to retire in 22% or lower, traditional usually wins. The 24% bracket is a wash for most. The match always goes into traditional regardless of your contribution election — that part isn't Rothable.

What's the difference between BRS and the legacy military retirement?

BRS (Blended Retirement System, effective 2018) combines a smaller pension (2% × years × high-3, instead of 2.5%) with TSP matching and a mid-career continuation pay bonus. Legacy retirement (members who opted to stay or who joined before 2018) has the richer 2.5% pension formula but ZERO TSP match. BRS is mathematically better for most people who won't stay 20+ years; legacy is better for those certain to do 20+.

When can I withdraw from TSP without penalty?

Age 59½ for in-service withdrawals or separation withdrawals. Special rule: federal employees who separate in or after the year they turn 55 (50 for special category employees like LEOs) can take TSP without the 10% early-withdrawal penalty. Roth TSP earnings need to satisfy the 5-year rule AND 59½ for tax-free treatment.

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