Using a TSP loan calculator can help you make informed decisions if you’re considering borrowing from your Thrift Savings Plan. This tool allows you to see the effects of a loan on your future balance, providing estimates based on your desired loan amount, interest rate, and repayment period. It’s particularly helpful for understanding how borrowing could impact your long-term savings. The TSP loan calculator makes it easier to evaluate whether taking a loan is the right choice for your financial goals.