It's not impossible to start with $100,000 and end up with $1 million — but it's going to take some time, and you have to keep saving
An investment calculator estimates how the average investor can turn $100,000 into $1 million by contributing $155 a month to the initial investment for 30 years, assuming a 7% rate of return. Financial planners recommend putting your money in index funds, a type of passive and broad diversification investment championed by Warren Buffett. Read more personal finance coverage. If you want to get rich quick, we have some bad news.
An investment calculator estimates how the average investor can turn $100,000 into $1 million by contributing $155 a month to the initial investment for 30 years, assuming a 7% rate of return. Financial planners recommend putting your money in index funds, a type of passive and broad diversification investment championed by Warren Buffett. Read more personal finance coverage. If you want to get rich quick, we have some bad news.
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