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We set the default rate for prior to retirement at 5. 75% and rate of return after retirement at 4. 0% with a legitimate range of 0% to 20% for each. You need to select assumptions-- or variety of presumptions-- that are ideal for you based on your specific situations. Did you see this? of cash from your retirement advantages (e.

CSRS, FERS, Social Security), annuities from TSP and other savings, and any post-retirement profits you entered are summed over the anticipated years in retirement. The quantity of cash you would have made (with forecasted raises) if you continued to work instead of retire is also summed up over the same amount of time.

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If the calculated replacement rate is less than the desired replacement rate, the TSP contribution rate is increased bit by bit (0. 25% of wage) until the computation comes out to the replacement rate objective or it hits the tax deferral limit (presently $17,000). If that isn't adequate cash, the Federal Ballpark E$ timate does the very same with the non-TSP cost savings up until the combined overall suffices to hit your replacement rate goal, or an outright limit of 50% of wage is reached.

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What this suggests is that the FBE will take the variety of years you expect to reside in retirement and balance the replacement rate during that time. The Federal Ballpark E$ timate uses 70% as a default rate, but will enable you to pick any rate between 20% and 120%. Replacement Rate Desired The replacement rate is the part of your pre-retirement income that will be replaced by your retirement earnings.