What are my TSP withdrawal options in retirement?
Get Your Free Consultation
Talk one-on-one with a licensed financial professional who specializes in federal benefits. Completely free, no obligation.
By the OnPAR Federal Retirement Education editorial team · Last updated
After you leave federal service you can take TSP money as installment payments, a single or partial withdrawal, a life annuity, or a mix. You can change installment amounts at any time, and required minimum distributions start at 73 (75 if born 1960 or later).
Traditional TSP withdrawals are taxed as income; qualified Roth withdrawals are tax-free. Leaving in the year you turn 55 or later (50 for special provisions) avoids the 10% early-withdrawal penalty.
Try the TSP Withdrawal calculator.
Run the numbers → open the calculator
Frequently asked questions
When do TSP required minimum distributions start?
Once you have left federal service, at 73 if you were born before 1960 or 75 if you were born in 1960 or later. Your first RMD is due by April 1 of the following year, and later ones by December 31 each year.
Does my Roth TSP balance count toward my RMD?
No. For federal civilian accounts, the TSP figures the RMD on your traditional balance only, and only withdrawals from the traditional balance count toward it.
Can I change my TSP installment payments later?
Yes. Under 5 CFR 1650.13 you can change the amount or frequency of fixed-dollar installments, or switch between fixed-dollar and life-expectancy installments, at any time.
Is there a minimum for a partial TSP withdrawal?
Yes. A single partial withdrawal must be at least $1,000, and fixed-dollar installments must be at least $25 each (5 CFR 1650.12 and 1650.13).