Want $1 Million in Retirement? 3 Stocks to Buy Now and Hold for Decades.

There are lots of ways to build up a $1 million retirement nest egg. For example, if you invest $300 a month into an investment earning 10% annually (around the average stock market return), you'd become a millionaire in 36 years. Increase your investment rate or the rate of return, and you can become a millionaire even faster.

Many stocks have delivered market-beating total returns over the years. Three companies that have produced high returns with lower-risk business models are Stag Industrial (NYSE: STAG), Equity Lifestyle Properties (NYSE: ELS), and Extra Space Storage (NYSE: EXR). The real estate investment trusts (REITs) have delivered average annualized total returns of more than 15% since their public market debuts. They're in an excellent position to continue producing strong total returns in the future, and they could help turn a $300-a-month investment into a $1 million retirement nest egg for investors who steadily buy and hold shares for the next few decades.

Stag Industrial has delivered a 15.8% annualized total return since its public market listing in 2022. One factor driving the industrial REIT's strong returns is its dividend. It pays a high-yielding (currently 3.8%) monthly dividend that it has increased every single year.

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Source Fool.com