Possibility of reaching $1 million net worth with $200 monthly investment
VOO Vanguard S&P 500 ETF
$701.61 -1.10%
View chart & analysis → - 1The calculation is based on the S&P 500's long-term historical annual return of 10%.
- 2The goal is achieved with a total investment of $91,200 over 38 years.
- 3More than 90% of the account balance consists of capital growth.
So what's the key point?
Investing $200 every month for 38 years can build a $1 million nest egg. Over 90% of that total comes from the growth of the assets themselves.
Source The Motley Fool +1 · View original ↗
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