How to Turn $100,000 Into $1 Million for Retirement: 3 Smart Investment Strategies

Key Points

Retiring as a millionaire doesn’t have to be a far-fetched dream. Achieving the goal is doable for many Americans, but it requires discipline.

Beginning with a tidy sum of money upfront helps a lot, too. Let’s suppose you have $100,000. How could you turn that into $1 million for retirement? Here are three smart investment strategies.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

A light bulb and a dollar sign made of money hovering over outstretched hands.

Image source: Getty Images.

1. Start early

Probably the most important step to take to grow $100,000 into $1 million is to start investing as early as possible. The Rolling Stones were exactly right when they sang, “Time Is…

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