4 Ways To Grow $100,000 Into $1 Million for Retirement Savings The Motley Fool
And third, you have a retirement account setup that you have been and will continue to contribute to consistently and/or have maxed out your contributions for the year. If you invest just $500 per month into the fund on top of the initial $100,000, you’ll get there in less than 20 years on average. While this can be discouraging for those looking to grow their savings quickly, keep in mind that $1 million isn’t necessarily the right goal for everyone. There’s a chance you may need less than that to retire comfortably, so it’s a good idea to calculate your… Read More