Thrift Savings Plan (TSP)

Regular Army: Retired

Benefit Fact Sheet



The Thrift Savings Plan (TSP) is a Federal Government-sponsored retirement savings and investment plan. It offers the same type of savings and tax benefits that many private corporations offer their employees under "401(k)" plans.


Retired Soldiers may no longer contribute to the TSP, but may withdraw their contributions from the TSP.

Withdrawing Funds: Soldiers are eligible, but not required, to withdraw from the TSP account as soon as they separate from the uniformed services. However, a certain portion of the account balance must be withdrawn beginning with the year in which the Soldier becomes age 70½. This portion of the balance, known as a "required minimum distribution," is based on life expectancy. If a full or partial withdrawal is not made, or if monthly payments do not begin, the TSP must make the required distribution before April 1 of the following year. Active Soldiers are not required to make withdrawals, regardless of age. Payments can be deposited directly into checking or savings accounts. The TSP can also transfer all or part of any single payment or, in some cases, a series of monthly payments, to a traditional IRA or eligible employer plan.

Regulations: TSP regulations are published in title 5 of the Code of Federal Regulations, Parts 1600 - 1690, and are periodically supplemented and amended in the Federal Register. 


Additional Information:

For more information, please visit the Thrift Savings Plan webpage maintained by the Federal Retirement Thrift Investment Board:

Thrift Savings Plan Calculators:

MyPay website:

Office of the Secretary of Defense, Military Compensation website:

Document Review Date: 29 January 2016