We compute the Reidemeister-Turaev torsion of homology cylinders which takes values in the
K
1
K_1
-group of the
I
I
-adic completion of the group ring
Q
Ο
1
Ξ£
g
,
1
\mathbb {Q}\pi _1\Sigma _{g,1}
, and prove that its reduction to
Q
Ο
1
Ξ£
g
,
1
^
/
I
^
d
+
1
\widehat {\mathbb {Q}\pi _1\Sigma _{g,1}}/\hat {I}^{d+1}
is a finite-type invariant of degree
d
d
. We also show that the
1
1
-loop part of the LMO homomorphism and the Enomoto-Satoh trace can be recovered from the leading term of our torsion.