But the way the stock market is behaving, that could take a couple of years. You can invest in bank CDs. You can lock into rates of 5 percent to 5.5 percent for three to five years. Treasury bills and notes are another choice. The bills mature in up to 1 year.
Notes mature in up to five years.
T-bill rates yield around 3.5 percent. You will not earn a lot in bank CDs or Treasury bills and notes. But your money is safe. You just have to save more to meet your goals. You can find high-yield CDs in the tk percent area.