3 Vanguard ETFs That Can Turn $500 per Month Into Over $1 Million

Here are three Vanguard ETFs that can turn $500 per month into over $1 million

Vanguard S&P 500 ETF I think the easiest choice to amass a $1 million fortune is the Vanguard S&P 500 ETF (VOO 0

On the other hand, As its name indicates, this ETF aims to track the performance of the S&P 500 (^GSPC 0

Furthermore, 40%), which includes the 500 largest U

Over the long run, the S&P 500 has dered an average annual total return (with dividends reinvested) of around 10%

If you invested $500 per month and achieved that return, you'd have nearly $1 (quite telling). 09 million at the end of 30 years

Furthermore, At the end of 40 years, your portfolio would be worth more than $2

Granted, the Vanguard S&P 500 ETF hasn't been around for 30 or 40 years, in today's market environment

Additionally, Vanguard launched the fund in September 2010

If you were able to make this higher return, your $500 per month would grow to over $1 million in only 24 years (an important development)

After 30 years, you'd amass a fortune of over $2, given current economic conditions

There's no guarantee that the Vanguard S&P 500 ETF will generate an average return of 13, given current economic conditions

However, 6% -- or even 10%

Nevertheless, One of the advantages of the S&P 500 is that it regularly replaces laggards with rising stars

Vanguard S&P 500 Growth ETF If the S&P 500 can achieve 10% returns over the long term, it stands to reason that the fastest-growing stocks in the index could der even greater returns

That's the premise behind the Vanguard S&P 500 Growth ETF (VOOG 0

This Vanguard ETF focuses only on growth stocks in the S&P 500, in light of current trends

Nevertheless, It currently owns 212 stocks, instead of the 505 stocks in the Vanguard S&P 500 ETF (this number is greater than 500 because some companies have multiple classes of s)

Moreover, Since its inception in September 2010, the Vanguard S&P 500 Growth ETF has generated an average annual return of 16 (an important development)

However, Moreover, If you were able to obtain this return and invested $500 per month, your money would grow to a little over $4 million in 30 years (remarkable data)

You'd have $1 million within 22 years

Can the Vanguard S&P 500 Growth ETF continue to der such a lofty return over the next several decades

However, I think this fund could nonetheless turn $500 per month into over $1 million for those who begin at an early age, in today's market environment

Vanguard Russell 1000 Growth ETF Let's expand our horizons somewhat

What if, instead of limiting ourselves to the growth stocks in the S&P 500, we invested in growth stocks in an index that held more stocks (something worth watching)

Furthermore, Meanwhile, The Vanguard Russell 1000 Growth ETF (VONG 0 (which is quite significant)

Furthermore, 45%) could be just the ticket

This ETF attempts to track the performance of growth stocks in the Russell 1000 index (this bears monitoring)

Whereas the S&P 500 owns s of the 500 largest U

Additionally, Companies, the Russell 1000 owns s of the largest 1,000 companies

The Vanguard Russell 1000 Growth ETF's portfolio currently includes 387 stocks

The other two ETFs on our list, this Vanguard ETF began trading in September 2010

How long would it take to make $1 million $500 per month at that return

If you kept socking away money for 30 years, you'd have nearly $4

Again, there's no way to know for sure whether the Vanguard Russell 1000 Growth ETF will vide such a sky-high return over the long term

But this Vanguard ETF could still vide a great vehicle for investors to make $1 million or more for retirement.