A tool bit storage system includes a plurality of tool bits with each tool bit having a head and a drive portion. The tool bit storage system also includes a tool bit case having a bottom surface and a plurality of bit retainers extending from the bottom surface with each bit retainer supporting one of the plurality of tool bits at an oblique angle relative to the bottom surface so that the drive portion of the one of the plurality of tool bits extends generally away from the bottom surface and the head of the one of the plurality of tool bits extends generally toward the bottom surface.