How much money do you need to invest to be worth $1million?

In the video below I speak about:

  • How much do you need to invest to be worth $1million?
  • How many years would it take to be worth $1million if you invest $1,000 a month?
  • Is it better for markets to go up, or down, in the early years of your account? In other words, will it be better long-term if markets are down and recover or just go up in a near straight line?
  • What has been the historical return of the S&P500 including dividends? How many years would it take you to become a millionaire if you received this average return.
  • What about getting to $2m, $3m etc?
  • Why you shouldn’t worry about “lost decades” and stock market crashes.

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