Investing in the S&P 500? Here's Exactly What You'd Need to Save Each Month to Reach $1 Million.

One of the most effective ways to generate long-term wealth is to invest in the stock market, but you don't need to be an investing expert to make a lot of money over time.Sometimes, a simple and straightforward approach like investing in an S&P 500 (SNPINDEX: ^GSPC) index fund or ETF could help you reach $1 million or more with little effort. However, to build substantial wealth, you'll need to invest consistently for many years.Exactly how much you'll need to invest each month will depend largely on your timeframe. If you have a goal of reaching $1 million with an S&P 500-tracking fund, here's what it might take to get there.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool