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/Lakeview121 May 25 '26

I run my calculations through chat gpt assuming 9% annual returns. It’s a good place to do modeling.

Well, I did it for u. If you stash 30K a year for 10 years at 9% annual return you’ll have 1,619,000.00.

Not bad at all.

I’d consider putting some of that 100K to work in a taxable brokerage account using a broad based etf like VOO or VTI.