What is the Best Age for Federal Employees to Retire?

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[terrylantz]

The best age is the earliest one can retire with full benefits

[Eddie]

Leaving as soon as I turn 57, will have 34 years of service at 57. I’m 40 with 17 years of service, 17 more to go. Leave as soon as your eligible guys!!! Enjoy life.

[Tolohtony]

I turn 60 this year. I figure I'll stay to 62 to get the 10% bump to cover the cost of the full(50%) survivor pension benefits for my wife.

[bryansipes]

My father retired under CSRS at age 55 with 30 years of service. I will be 64 with 43.5 years under CSRS.
As of 9 months ago, I maxed out my annuity percentage under CSRS. Mortgage paid off 2 months ago. Too many negative changes at work. It's time to split, and go do something else more enjoyable.

[russrichards]

Staying longer for a larger FERS pension doesn't really appeal to me (60 years old seems plenty old enough if you have 20+ years). Yes you might get another $100-300 per month by adding more years to your FERS annuity, and I know it adds up quite a bit if you have a gazillion years with the feds, but the real money is what you have saved in TSP. It far outweighs your FERS annuity and doesn't disappear or get cut in half when you die. Start saving early and often in TSP and educate yourself on investing. I think you'll be way further ahead.

[UrbanTiger]

In 8 more years I'll have 30 years of service and will be 58 years old. DEUCES!!!!

[djcoolrule]

Finished 23.5 years in the military and have been working for the DoD for 8 years. Will be retiring at the MRA+10. Trying to build nice TSP egg and with disability, and FERS me and the Mrs. will be fine. Will also be taking SS at 62 because it goes down 2 years after that. I am blessed to have multiple income streams.

[randyali]

Im 39 y/o as a GS-13 right now….i def plan on leaving at 57 with 26 years of service..im starting to near max my TSP mix of Trad/Roth going fwd for the next 15 yrs hopefully it pans out 🤞🏾🤞🏾🤞🏾

[jayp]

Retired Veteran, 56 yo with 34 years combined Military - Federal Service. Still seems like I still need to hang around and few years, as the cost of everything keeps outpacing any eatimated Cost of Living Adjustments.

[Seniormexico]

Gosh…. I cannot wait until 59 1/2. That would give me MRA + 10. I’m only staying for the insurance! The FERS is not much unless you have 30+ years! 4 more dreadful years to go!

[at]

Remember if you retire at 57, you will not get your cost of living increases until 62. That's an important point to know. Just imagine the people who retired in 2019 that lost one of the biggest COLA increases in the last 5 years

[rotaman]

I like my job give, but I’m getting out at 57. My TSP account is high enough that with my pension I’ll be able to replace about 80% of my current salary. Thanks for the videos!

[pattyk]

Love your energy - thank you! And I like the format of these videos, short and informative.

[leahlpaluca]

Thank you for this great info. Keep it up.😊

[juanmontalvojr]

COLA increases are important. This is something to know if you retire before 62. It's a big deal.

[russthompson]

Another reason why 60 is a magic year is that you are no longer bound to the TSP 59½ 10% penalty.

[elioT]

Age 60 with 25 years. Not a day longer.

[drmitofit]

I hit 30 years of service at the salary cap as a federal physician in a high demand medical specialty at age 58.5 (TSP withdrawal age). My top 3 year average salary used for my pension calculation is the current annual salary of the President of the United States (without perks like AF-One and SS protection). I qualified for the generous free money FERS supplement. You get to draw from your TSP when you retire so the 58.5 wasn't a factor. In fact you might want to delay withdrawals until the start of the next calendar year when your tax bracket drops. I waited a full year until the C fund recovered from the Biden inflation bear market before setting up 6%/12 monthly TSP installments. Despite a year's worth of withdrawals, my TSP balance is at an all time high.

[rogerpowell]

2 Years, 6 Days left (but who is counting..lol) to my MRA with 39+ years. Cannot come fast enough

[deborahanderson]

I have 34 years, and I will be 60 in October