Summary:
It is important to save and invest for retirement as Social Security benefits may not be enough, with the average monthly benefit being $2,013. Consider investing in index funds through ETFs to secure your financial future. The table shows how money can grow over time with an 8% growth rate. A $1 million goal may not be enough for retirement depending on inflation and your withdrawal rate. 11 index funds are listed, with varying returns and dividend yields, offering different investment opportunities based on your goals and risk tolerance.

In conclusion, consider diversifying your investments across multiple funds to mitigate risk. It is important to research and understand each fund before investing. For personalized investment advice, consider joining Stock Advisor to access the 10 best stocks recommended by the analyst team. Remember that market fluctuations can affect growth stocks more significantly, so choose your investments wisely to achieve your financial goals.

Read more at Nasdaq.: Want $1 Million in Retirement? 11 Simple Index Funds to Buy and Hold for Decades.