As costs continue to rise and retirement becomes more expensive, it's more likely you'll need at least $1 million to cover all of your expenses later in life. In fact, the average worker expects to need around $1.8 million to retire comfortably, according to a 2023 survey from Charles Schwab.

While that can feel like an insurmountable goal, it's simpler than you might think to reach $1 million or more -- even if you're not an experienced investor.

Investing in exchange-traded funds (ETFs) can be a smart way to build long-term wealth with minimal effort. Each ETF contains dozens or hundreds of stocks, making it easier to create a well-diversified portfolio with a single investment.

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Source Fool.com