Here's How Much You'd Need to Invest in an S&P 500 Index Fund Each Month to Grow Your Portfolio to $1 Million Within 30 Years

There's no one right way to invest in the stock market. You can invest a big lump sum and watch it grow over time, or you can also make periodic investments. Ideally, it could even be part of a monthly process, where just like paying bills, you routinely commit to investing in stocks.The natural objection is that you may not have time to track the stock market. But historically, the S&P 500 index, which is a collection of the leading stocks in the world, generated returns of 10% per year (on average). By just putting money into the SPDR S&P 500 ETF (NYSEMKT: SPY), which tracks the index, it can be an easy move to make every month.Making monthly payments can build up your portfolio and potentially put you on track to retire with at least $1 million. If you have at least 30 investing years left, here's a look at how much you'd need to invest each month into an S&P 500 index fund like the SPY ETF to reach $1 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool