We studied the reproductive cycle of Tropidurus torquatus in the Cerrado biome of central Brazil from October 1997 to September 1998. Females reached sexual maturity at about 65 mm snout–vent length (SVL), whereas males became sexually mature at 70 mm SVL. Females were reproductively active between August and February, although males contained spermatozoa in the epididymides year-round. Frequency of reproductive females was inversely correlated with precipitation and air humidity and positively correlated with day length. Reproductive activity of males was inversely correlated with air humidity and positively correlated with day length. Females laid six eggs on average and may have produced up to three clutches per reproductive season. With the advancement of the reproductive season, clutches tended to be smaller, whereas egg size remained constant. Fat body mass varied inversely with reproductive activity in both sexes, but females had significantly larger values than males. After an incubation period of approximately 5 months, young emerged at a SVL around 31 mm. Juveniles began to accumulate energy in fat bodies after reaching 47 mm SVL. The fat body cycle and the recruitment pattern of T. torquatus suggest that food resources are not limiting and that the length of the reproductive season is most likely constrained by the availability of microhabitats suitable for egg development.