Are you looking to turn a little bit of money now into a respectable nest egg for retirement? That's most investors' ultimate goal. The question is, given all the different ways you can invest your money, what's the best way of doing so to reach whatever target you may have in mind?

Here's a rundown of five different ways you could turn a stash of $100,000 into $1 million worth of retirement savings. The big distinguishing factors in each of these scenarios to consider are the amount of time you'll need to make it happen, and the amount of volatility you'll need to prepare for in the meantime.

Veteran investors likely realize that one sector's stocks have dominated the market for over a couple of decades now. That's tech stocks, which by their very nature are also (usually) growth stocks. Their underlying companies are behind some of the world's most important sociocultural inventions, like the internet, mobile phones, personal computers, and now, artificial intelligence (AI).

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Source Fool.com