Want to Retire Richer? This Top ETF's Brilliant Strategy Could Turn $250 a Month Into $1 Million in 31 Years.
The keys to a richer retirement come down to three factors: how much you invest, how long you invest that money, and the return you earn on your investment. The more of each input you have, the richer you'll become in retirement. Because of that, retirement is more of a math exercise than anything else. If you know some of the inputs, you can play around with an online retirement calculator to figure out the missing piece. For example, the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has delivered an average annual total return of 12.1% since its inception in 2011. At that rate, the exchange-traded fund (ETF) could grow a $250-a-month investment into $1 million in about 31 years.Continue reading
The keys to a richer retirement come down to three factors: how much you invest, how long you invest that money, and the return you earn on your investment. The more of each input you have, the richer you'll become in retirement.
Because of that, retirement is more of a math exercise than anything else. If you know some of the inputs, you can play around with an online retirement calculator to figure out the missing piece.
For example, the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) has delivered an average annual total return of 12.1% since its inception in 2011. At that rate, the exchange-traded fund (ETF) could grow a $250-a-month investment into $1 million in about 31 years.
