From Nasdaq: 2025-02-12 05:42:00

Looking to turn $100,000 into $1 million for retirement? Consider investing in an ETF like Vanguard S&P 500 for long-term growth. The S&P 500 has historically provided close to 10% annual returns. At 6% growth, it can take 40 years to reach $1 million, while at 12% growth, it would only take 20 years. If you’re starting with nothing, here’s how much you need to invest monthly to reach $1 million over various time frames and growth rates. Consider diversifying with growth stocks or dividend-paying stocks to potentially accelerate your wealth-building journey.

Investing in growth stocks can offer faster growth rates, albeit with higher risk. Diversify your investment in around 25 companies and hold onto shares for at least five years. Consider ETFs with impressive growth rates to add to your portfolio. Alternatively, dividend-paying stocks can provide regular income and stock-price appreciation over time. Some ETFs focus on dividend payers, making it easy to start receiving dividend income. By saving and investing wisely, you can improve your financial future, whether you have $100,000 or less.



Read more at Nasdaq: Have $100,000? Here Are 4 Ways to Grow That Money Into $1 Million for Retirement Savings