You might want to consider a target retirement date fund that Vanguard, T.Rowe Price, and others offer that balance the funds every year according to the target

You might want to consider a target retirement date fund that Vanguard, T.Rowe Price, and others offer that balance the funds every year according to the target date with more risk the farther one is from the end time. Here's one description https://investor.vanguard.com/mutual-funds/target-retirement/ https://investor.vanguard.com/mutual-funds/target-retirement... If you really wanted to manage the risk yourself and rebalance it periodically you could do that too and indulge in more risky sorts of funds but that's up to your inclination/time.