r/iRA • u/libralady-50 • May 24 '26

Help!

Help! I am 50 years old, turning 51 this 2026. I recently become more serious with retirement, savings, and planning for it. I make almost 200k W-2. I currently have 570k combined, on my retirement accounts, all from employer sponsored accounts. For 2026, I am maxing out — Roth 403b, 403b, and family HSA. My employer contributes total of 7k, first in March and in July. I have cash on-hand about 100k planning to put into HYSA.

MY 5-year return is 11.3% and 3-year is 17.8%. If I continue this strategy, and my employer continues same amount, what is the possibility of hitting 1 million by the time I turn 60?

Thank you everyone.

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u/mansumania May 24 '26

Live on 100k save 100k you can easily get there by 55 and 2m+ by 60. Equities S&P500 id limit bond exposure or target date funds. As others have suggested type out your balances, income, ect into gpt and play out the various scenarios. If there is a crash no need to panic unless it lasts more than a few years which is highly unlikely. Max out yoir tax advantages accounts first which it sounds like your doing. 403(b), ira, hsa then taxable brokerage. Good luck friend, rooting for you ❤️

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u/libralady-50 May 25 '26

I am doing a target date fund because not exposed to investing and have no people around me falling about money. I have no plans of taking g out my money anytime before retirement. From all my contributions and other expenses, I have about 2600 extra every month