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401k
In the 2 years I have had my 401k I have saved roughly 8.5k. Its a low risk account so its not accumulating quickly but its safer from market crashes. I'm just wondering if in 10 years I will have most likely saved 50k? Ill be 33 by then
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Not unless you plan on putting more in per year, no, it probably won't.
Based on what you've said here, it's impossible to really know. We don't know your interest rate, your salary or your employers matching plan (if any).
But theoretically speaking, if you keep putting about 4,000 in a year, and where getting a 4% annual rate you still wouldn't have 50k in ten years. You'd be close, but not quite. If you are in a really low risk account, you probably aren't getting 4%.
If you don't know how to calculate compound interest, use an online calculator. That will give you a better idea of what you need to do to reach your goals.
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