How Long Does It Take to Build a $1 Million Portfolio by Investing in VOO? Here's What History Says.
Past performance doesn't guarantee future results, but it does paint a pretty good picture of what's likely, particularly when the underpinnings of that performance are still in place.
Building a $1 million investment portfolio is achievable through consistent contributions to the market s most reliable long-term investment, such as the S&P 500 index fund VOO. Consistently investing in VOO or SPY, regardless of annual performance, can lead to the desired outcome. Starting early is crucial, as even small monthly investments over a long period can yield significant results.
For instance, investing $5,000 per month for 10 years, $1,400 for 20 years, or just $450 for 30 years can help reach the $1 million mark. However, taxes and the decreasing purchasing power of money should also be considered, while these projections provide a useful reference.
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