The count of millionaires in TSP plans is steadily increasing
Record Breaking: TSP Millionaires Reach an All-Time High
A remarkable surge in the number of federal employees with over $1 million in their Thrift Savings Plan (TSP) accounts has been recorded, marking the highest number ever reported. As of mid-2025, there are 171,023 TSP millionaires, a significant increase from just over 500% in five years.
This growth is not only a result of strong market performance but also long-term, consistent investing. TSP millionaires typically have about 28 years of contributions, allowing them to benefit from compound interest over decades. The recent market recovery after a dip in early 2025 also played a role in reaching this record number.
In 2011, there were only 208 TSP millionaires, representing an astounding 82,000% increase over 14 years. The total assets in the TSP crossed the $1 trillion mark by June 2025, underscoring the plan’s growing size and success.
Meanwhile, in the realm of politics, Senator Chris Murphy has expressed objections to a transfer of funds from the Department of Homeland Security to Immigration and Customs Enforcement. This comes as the Department of Homeland Security is planning to shift more funding to Immigration and Customs Enforcement.
In other news, the Senate Armed Services Committee has approved a draft of the defense policy bill, which includes a proposed 3.8% pay raise for troops in 2026. The bill also incorporates provisions from the Fostering Reform and Government Efficiency in Defense (FORGED) Act.
On a separate note, over 500 alumni of the Presidential Management Fellows program have written to Congress, urging the reinstatement of the program. The National Parks Conservation Association, Public Employees for Environmental Responsibility, and two other groups have raised concerns about potential further cuts to the Interior Department staff.
In the realm of technology, Clyde Richards has taken over as the permanent chief information officer for the National Science Foundation. Dustin Gard-Weiss is now serving as the executive director of the CIA.
The National Science Foundation's current IT budget for fiscal 2025 stands at $204 million, with $104 million allocated for the operations and maintenance of current systems. These developments highlight the ongoing efforts to modernize and streamline various aspects of government operations.
The remarkable growth in the number of TSP millionaires among the federal workforce signals a reimagined approach to personal-finance and investing, with a focus on long-term, consistent investments and the benefits of compound interest. This surge in wealth might potentially have significant implications for the federal workforce's overall financial standing, especially considering the planned shift in funding to Immigration and Customs Enforcement within the Department of Homeland Security.
