4 Ways to Grow $100,000 Into $1 Million of Retirement Savings

Want to grow $100,000 into $1 million? Although there's only one zero separating those two numbers, the road to a million-dollar savings balance can feel insurmountable.

Fortunately, there's more than one way to turn $100,000 into a seven-digit nest egg for retirement. Here are four strategies that vary in risk and timeline.

The long-term average annual growth rate of the S&P 500 is about 7% after inflation. At that growth rate, your $100,000 would increase to $1 million in less than 35 years.

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Source Fool.com