Now, say you’re able to sock away $500 a month for retirement over a 30-year period, and that you sink your savings into S&P 500 index funds. At the end of that window, you stand to retire with about $680,000.
Of course, that assumes you only have 30 years left until retirement. If you’re looking at a 40-year savings window, you could grow your investments into a rather impressive $1.55 million, assuming that same monthly contribution and return.
Researching stocks doesn’t have to be complicated, but it can be a time-consuming process — one you may not have the stomach for. If that’s the case, you can still invest your long-term savings efficiently and generate a lot of wealth in your retirement plan by loading up on S&P 500 index funds. Not only might these funds deliver a solid return over time, but they’re also the type of investment that could help you sleep better at night. And there’s certainly a lot of value in that.
10 stocks we like better than Walmart
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David and Tom just revealed what they believe are the ten best stocks for investors to buy right now… and Walmart wasn’t one of them! That’s right — they think these 10 stocks are even better buys.