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Is Investing $100,000 Today Enough to Grow Your Portfolio to More Than $1 Million by Retirement?
If you've saved up $100,000 and can afford to invest that much into the stock market, that can potentially set you up for some great returns in the long run. But can that be enough to grow your portfolio to $1 million by the time you retire? There are a lot of variables to consider that can affect that answer, such as how many investing years you have left and what annual return you might average during that timeframe.Below, I'll go over what you might expect from such an investment, assuming you go with a relatively safe option and try to mirror the S&P 500 (SNPINDEX: ^GSPC).One of the easiest ways for anyone to invest in the stock market is to simply buy a position in an exchange-traded fund (ETF). ETFs can give you a ton of diversification through just a single investment, and those that track the S&P 500 give you exposure to the top stocks on the market. You won't have to worry about which stocks you are currently holding in your portfolio. As long as the overall market rises in value, so too will your investment. Continue reading
If you've saved up $100,000 and can afford to invest that much into the stock market, that can potentially set you up for some great returns in the long run. But can that be enough to grow your portfolio to $1 million by the time you retire? There are a lot of variables to consider that can affect that answer, such as how many investing years you have left and what annual return you might average during that timeframe.
Below, I'll go over what you might expect from such an investment, assuming you go with a relatively safe option and try to mirror the S&P 500 (SNPINDEX: ^GSPC).
One of the easiest ways for anyone to invest in the stock market is to simply buy a position in an exchange-traded fund (ETF). ETFs can give you a ton of diversification through just a single investment, and those that track the S&P 500 give you exposure to the top stocks on the market. You won't have to worry about which stocks you are currently holding in your portfolio. As long as the overall market rises in value, so too will your investment.
