Want $1 Million in Retirement? Invest $250,000 in These 3 Stocks and Wait a Decade
Many workers aim to save $1 million for retirement, a sum they think will sustain them through much of their golden years. And while there are many ways to generate that kind of wealth, the stock market remains one of the most potent. With a substantial initial investment -- such as $250,000 -- ending up with $1 million in just 10 years requires a compound annual growth rate of 14.87%.
Let's look at three stocks that stand an excellent chance of generating these kinds of returns: Intuitive Surgical (NASDAQ: ISRG), Abbott Laboratories (NYSE: ABT), and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).
Source Fool.com