To generate $1 million in passive income from dividends, the average dividend yield of 3% would require a large portfolio. However, smaller portfolios can still produce meaningful dividend income. Dividend-focused ETFs offer an easy way to invest in dividends. Consider generating passive income from dividend-paying stocks or ETFs for retirement. Blue-chip companies typically have dividend yields between 2% and 4%, with exceptions higher or lower. Some companies, like Verizon and Realty Income, offer higher yields. Different portfolio scenarios show the amount of passive income generated with various portfolio sizes and dividend yields. Consider ETFs like Schwab U.S. Dividend Equity, Fidelity High Dividend, and Vanguard High Dividend Yield for solid dividend yields and returns. Other options, such as iShares Preferred & Income Securities ETF and covered-call ETFs, offer different yield and return profiles. Consider investing in dividend payers for long-term passive income.

Read more at Yahoo Finance: 3 ETFs That Could Generate $1 Million in Passive Income