Is Investing $100,000 Today Enough to Grow Your Portfolio to More Than $1 Million by Retirement?
Investing $100,000 in the stock market can potentially set you up for significant returns, but whether it's enough to grow your portfolio to $1 million by retirement depends on various factors. A relatively safe investment option, such as tracking the S&P 500, can provide exposure to the top stocks on the market and potential long-run annual returns of around 10%. However, considering the recent hot streak of the stock market, a slowdown may be coming, which could impact your portfolio's growth.
- The key to achieving significant growth with a $100,000 investment lies in maintaining discipline and patience over an extended period, as even modest averages can yield substantial returns over time.
- What role will inflation play in your retirement goals, and how might it affect the purchasing power of your $1 million portfolio in the future?