Investing to Reach $1 Million by Retirement: A Monthly Guide

Reported about 13 hours ago

Even if you have no savings now, it's possible to build a $1 million portfolio by retirement through strategic monthly investments. Depending on your age and time left until retirement, investing in growth stocks or ETFs like the Vanguard Growth Index Fund can yield better returns over the long run. Estimates suggest that the monthly investment needed varies; for example, at age 45, you may need to invest approximately $1,306 monthly at a 10% growth rate. Creating a plan based on these figures can help ensure you achieve your retirement goals.

Source: YAHOO

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