Your question would best be answered after a more thorough discussion of your overall financial situation.
Approaching your question from a diversification viewpoint, I can't tell how diversified the blue chip portion is: how many securities are there and across home many industries? Is there overlap between the securities you own, both "blue chip" and "high risk" and the securities in the mutual fund? With the specter of the Federal Reserve raising interest rates, what is the duration (average maturity) of your bond portfolio? All of this information is important to give you an accurate answer or evaluation. There is also no mention of any assets that are not tied directly to the stock and bond markets. All of these points would be of concern to me.
Additional components to a good response would be your definition of "risk" and the current cost to maintain the lifestyle you want to have now and in retirement. Risk could either be losing some portion of your invested assets or it could be not having enough capital to retire in 20 years. It could also be the risk that you will have to work beyond your hoped for retirement date. Are you fully funding retirement accounts currently and are you taking advantage of every investment vehicle to fund your retirement? There's a big funding/saving difference if you are self employed or work for someone else.
Your answer would also be very different if you are the only one contributing to your net worth accumulation or if you have saved this much now and are heir to a large fortune later on.
The "quick and dirty" answer to your question is the models I use with clients currently range from Conservative (40% equity, 59.5% fixed income) to Aggressive (79.5 equity, 10% fixed income, 10% international). But they are employed only after I have at least the information discussed above. For example, I know the size of their IRA's and if they are willing to take risk with those funds. That's where the more risky, shorter term investents might be made. Lower turn over investments might be made in taxable accounts with a consideration made to the tax impact of trading results. And the opportunity/ problem of overlapping security ownership is defused by knowing what we own at all times.
The major benefit of working with a "live" advisor is we know the questions to ask and can develop a customized response to any situation. Using "rules" or computer formulas to answer questions and offer solutions, in my book, isn't very professional.
I hope these points give you some clues to finding ananswer that fits your question.
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