Would you like to retire as a millionaire? It's not such a lofty goal these days, since a million dollars doesn't buy what it used to -- especially after our recent few years featuring higher-than-average inflation. If you retire with $1 million and use a withdrawal strategy of taking out 4% in your first year of retirement, that's only $40,000. Many people might want to aim to retire with even more than $1 million.

If you're not a great stock-picker and don't want to invest the effort in trying to become one, you might reasonably simply opt for low-fee, broad-market index funds, which can be all you need to build wealth powerfully over many years. Index funds in exchange-traded fund (ETF) form are particularly attractive, as they're so easy to invest in. The SPDR S&P 500 ETF is a fine example of that.

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Source Fool.com