Aiming for $1 Million by Retirement? Here's How Much to Invest Each Month Based on Age

Key Points Investing in S&P 500 index funds can be a safer way to grow wealth than individual stocks. The Vanguard S&P 500 ETF gives investors exposure to the leading U.S. stocks and is an excellent way to diversify. Investing periodically in the ETF can help further reduce risk for investors, rather than putting in a large lump sum right away. 10 stocks we like better than Vanguard S&P 500 ETF › A million-dollar portfolio can be a great goal for retirement. At such a large amount, an income-generating investment that yields 5% could bring in $50,000 per year. Retirees can also pull money out periodically, depending on their day-to-day needs. The struggle for many investors inevitably becomes how to get to $1 million.