Investing a large lump sum for the long term can grow your portfolio to over $1 million. With at least 34 years before retirement, a $40,000 investment today could reach $1 million. Tech stocks offer exciting long-term potential, with companies like Vanguard Information Technology ETF showing strong historical performance, outperforming the market.

The Vanguard Information Technology ETF charges a low expense ratio of 0.09% and includes top tech stocks like Nvidia, Apple, and Microsoft. Over the past decade, the ETF has outperformed the S&P 500 with a compounded annual growth rate of 22%. While past performance is strong, future returns may vary, but a $40,000 investment could potentially reach $1 million in 34 years.

While there are no guarantees in investing, the Vanguard Technology ETF can offer significant returns in the long run. The Motley Fool Stock Advisor team suggests 10 other stocks for potential high returns, so consider all options before investing in Vanguard ETF. Past recommendations have generated substantial returns, making Stock Advisor’s total average return 991%, outperforming the S&P 500.

David Jagielski, CPA, has no position in mentioned stocks. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. Past performance does not guarantee future results, so consider all risks before investing. See the 10 recommended stocks for potential high returns before making any investment decisions.

Read more at Yahoo Finance: Here’s How You Can Turn $40,000 Into $1 Million by Retirement