Want $1 Million in Retirement? This Vanguard ETF Could Get You There on $500 Per Month.
With discipline and proper planning, a $1 million retirement nest egg is within reach for everyone.
Overview
Building a $1 million retirement fund may sound like an idea reserved for the wealthy, those with six-figure incomes, and someone who hit a couple of home run stock picks. In reality, it's something everyone can attain. It just takes discipline, a well-thought-out investing plan, and consistent contributions over the course of decades.
To get there, it makes sense to invest in the Vanguard Total Stock Market ETF (NYSEMKT: VTI). The exchange-traded fund (ETF) invests in roughly 3,500 U.S. stocks and charges just 0.03% annually to own it. Since its 2001 launch, it's returned around 9.5% per year.
With that in place, it's just a matter of running the numbers to see what it takes to get to the $1 million mark.
Details
Source
Originally published at www.fool.com.