Retiring with $1 million in the bank is a dream for many Americans, and it’s becoming an increasing reality for those who invest consistently in the stock market.
There’s a simple formula for maximizing your odds: start early, diversify, and add funds consistently. While creating your own portfolio of around 50 carefully curated stocks is your best chance at success, it can be surprisingly easy to get there by choosing a growth-oriented exchange-traded fund (ETF) in addition, or even on its own.
One fantastic option is the Vanguard Russell 1000 Growth ETF (VONG -0.79%). It has an excellent long-term track record and could make you a millionaire if you invest $100 a month for 30 years. Here’s how it works.
The top U.S. growth stocks
The Russell 1000 is an index of 1,000 large-cap U.S. stocks, and the Russell 1000 Growth Index includes about 400 of the largest ones. The VONG ETF tracks…
