Here's How Long It Actually Takes to Build a $1 Million Portfolio, According to History
The name of the game is time and consistency.
Overview
When it comes to finances, the million-dollar mark has long been one of the more coveted checkpoints. Something about $1 million feels freeing and offers the financial flexibility people can carry into retirement.
Although hitting the million-dollar mark may seem far-fetched, it's likely much more doable than most people think. Let's take a deeper dive into how long it could actually take someone to reach the seven-figure mark.
Details
Countless investments could take investors to the promised land, but one I typically recommend investors lean on is the S&P 500 (SNPINDEX: ^GSPC). Tracking the largest 500 U.S. companies on the market, the S&P 500 has become the go-to way to take advantage of a growing U.S. economy.
Source
Originally published at www.fool.com.