You should have $1,900,000 tax-free in 30 years if you invest $10,000 into your Roth IRA with an S&P 500 index fund, and contribute $500 a month

by TonyLiberty

You should have $1,900,000 tax-free in 30 years if you invest $10,000 into your Roth IRA with an S&P 500 index fund, and contribute $500 a month.

The total principal invested would only be $190,000 but $1,710,000 would be from the magic of compound interest over 30 years.

+11.51% is the Average Annual Return of the S&P 500 since its creation in 1928 with dividends reinvested.

You don’t need to complicate long-term investing.