Want to Get Your Portfolio to $1 Million by Retirement? Here's How Much You Should Invest Today.
Aiming for $1 million by retirement can be a great goal for investors. If you get your portfolio to that level, you'll have plenty of options as to how you want to enjoy your retirement.
You can invest in dividend stocks, which can help provide you with a recurring source of income during retirement. Or you could take a portion of the money out each year. Either way, accumulating that much will give you plenty of flexibility in how you want to live your life at that stage.
But how much do you need to invest today if you want to get to $1 million without having to take on too much risk? I'll show you how much you would need to invest today based on your age and years until retirement remaining, and the expected annual growth rate of your portfolio.
Source Fool.com
