Best thing you can do is keep it in index funds for now. You're relying on dollar cost averaging to take care of the long term trends in the market. Downturns actually make you money as you're continuing to buy the better deals. If you pull out before you let your money buy these deals, you'll never receive the benefit when the market recovers, where you make the real money. Also, I read somewhere that the best trading days happen in a very short period of time. If you're not in the market during those days, you miss some significant gains.