Possibility of building $1 million in assets with $300 monthly investment
VOO Vanguard S&P 500 ETF
$698.58 -0.53%
View chart & analysis → - 1The S&P 500 has recorded an annual return of approximately 10% over the past century when dividends were reinvested.
- 2Investing with an assumed annual return of 10% reaches the target asset amount of $1 million in 34 years.
- 3In this case, the total invested principal over 34 years is $122,400.
So what's the key point?
Investing $300 every month for 34 years can build $1 million. This means the money can grow to be much more than the original principal.
Source The Motley Fool +1 · View original ↗
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