The number of TSP millionaires continues to climb, highlighting the impact of long-term contributions and market performance on federal retirement savings. As of January 1, 2026, 194,722 TSP account holders had at least $1 million in their accounts, a record high. The largest reported balance among participants was nearly $9.96 million.
Account Balance Breakdown (Year-End 2025)
As of December 31, 2025, TSP account balances by category included:
- $1,000,000 or more: 194,722
- $750,000 – $999,999: 136,594
- $500,000 – $749,999: ~267,000
- $250,000 – $499,999: ~617,000
These figures, compiled from the TSP’s quarterly investor report, reflect both current and former federal and military participants who have retained their accounts after separation from service.
Growth in TSP Millionaires: 2020–2025
The growth in the number of TSP millionaires over the past several years has been substantial, with the count of participants with $1 million or more in TSP accounts having risen sharply. Since 2020:
- Dec. 2020: 75,420
- Dec. 2021: 112,880
- Dec. 2022: 76,889
- Dec. 2023: 116,827
- Dec. 2025: 194,722
Increase from 2020 to 2025:
- Numeric increase: 119,302 more TSP millionaires
- Percentage increase: ~158% growth over five years
This trend reflects the long-term power of steady contributions and participating in market-linked stock funds over time. Even with periods of market volatility, the number of million-dollar accounts has generally trended upward.
What’s Driving the Trend
Several factors contribute to the rising number of TSP millionaires:
- Stock-fund performance: Growth in the TSP’s equity funds, which track broad market indexes, helped boost balances across many participants.
- Longevity of contributions: Many million-dollar account holders have maintained TSP participation for decades, benefiting from automatic contributions and compounding.
- Near-million cohorts: With approximately 137,000 participants in the $750,000–$999,999 range, another wave of TSP millionaires may emerge in the coming years.
Why It Matters
While reaching a seven-figure balance is an impressive milestone, retirement planning experts emphasize that the real story lies in consistent saving and long-term strategy. The steady rise in TSP millionaires highlights how disciplined use of the TSP’s diversified fund options, paired with time in the market, can build meaningful retirement assets. For a free analysis of your TSP allocation strategy, reach out to a Federal Retirement Consultant (FRC®).
