Is the S&P 500 All You Need to Retire a Millionaire?
Most of us would like to retire as millionaires. Many of us actually need to retire as millionaires, simply to maintain what we might consider a modest and comfortable lifestyle in retirement.
The question is how to amass a million dollars or more by retirement -- or as much as you can, given the years you have before you retire. Many people are aware of index funds, but they might wonder whether an index fund could be sufficient. The answer is a simple yes -- an index fund, such as one that tracks the S&P 500, can be all you need to reach millionaire status.
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Source Fool.com