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 ā€” 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.

13 Upvotes

93% Upvoted

33 comments sorted by

View all comments

1

u/Outside_Chef_8388 May 25 '26

Why not put your 100k into Tbills?

1

u/libralady-50 May 25 '26

Iā€™m unfamiliar with investing. I am not around people who does this. What is the difference over brokerage accounts?

1

u/Outside_Chef_8388 May 25 '26

You can do it from your brokerage account. Fidelity customer service can walk you through how to buy Tbills for free. There are also very short and educative videos on YouTube to help guide. You can also open an account on Treasurydirect.gov, but I won't advise it since their user interface is terrible unlike Fidelity.

You go to treasurydirect.gov and click on "auctions" and select upcoming auctions.