Can You Turn £14 into £1m Through the Stock Market?

What rate of investment return would turn £14 a day into £1 million? And is that rate sustainable?

John Rekenthaler 4 September, 2018 | 10:16AM

stock market up and down long term returns S&P500 us stocks retirement

Can somebody who begins investing at age 23 retire with $1 million by investing $14 daily into a low-cost S&P 500 fund?

Such was the claim on a recent US television report, assuming that future stock market returns are known. This supposition is clearly false, but necessary. For UK readers, the dollar sign can simply be replaced with pounds – the calculation remains the same.

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John Rekenthaler

John Rekenthaler  John Rekenthaler is vice president of research for Morningstar.

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