edwood100,

1. There's nothing wrong with your plan. I think that's the Couch Potato Portfolio advocated by financial columnist Burns of the Dallas something or other. You might consider 60% stock 40% bond split, because you are likely to have a lot of years in retirement. I think that may now be waht Burns recommends.

2. In addition to JLP's suggestion, I would consider 40% total bond market and 10% REIT index.

Those nice dividends from the REIT index, if reinvested, will help your portfolio grow without adding much volatility. The result would be close to the portfolio I use at age 68, except I use 30% total stock market and 20% total international stock, and a combination of short and intermediate bond funds (that might better be the total bond market). Whether the domestic/ international stock split should be 40/10 or 30/20 seems to be a judgement call, and you will find advocates of both.

db