Investing in These Stocks Now Could Make You a Millionaire Retiree

How much money will you need in retirement? Probably more than you think, since it'll take about $1 million to generate $40,000 in retirement income you can count on for years. But don't fret: You don't have to take on a bunch of risky investments and put your entire retirement savings at risk to reach your retirement goals.

A better way? Invest in a handful of strong companies with solid long-term prospects, and hold them for the long term.

Some may not do as well as hoped, but the ones that do really well can more than make up for the stragglers. Three that should be on your list of buy and hold for the long term include construction and infrastructure engineering services company NV5 Global Inc (NASDAQ: NVEE), healthcare property owner Caretrust REIT Inc (NASDAQ: CTRE), and payments giant Mastercard Inc (NYSE: MA).

Source: Fool.com