Can You Retire a Millionaire With S&P 500 Index Funds?

Though it's possible to enjoy retirement with less than $1 million to your name, aiming for that much cash or more is certainly a worthwhile goal. But if you want to retire with lots of money, you'll need to invest your savings through the years. Leave that money in cash, and it won't grow the way you need it to.

Of course, the problem with growing wealth via individual stocks is that you'll need to prepare to spend a lot of time researching companies and keeping tabs on their cash flow and performance. It's an effort that could pay off very well in the long run, but also take up a lot of your time.

If the idea of building an extensive retirement portfolio sounds overwhelming, here's another idea: Load up on S&P 500 index funds.

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Source Fool.com