Following the '111 method' by investing $583 per month into an S&P 500 ETF (like SPY) for 30 years, assuming a 10% average annual return, will lead to an investment account value of approximately $1.1 million.
"if you go to this website called investor.gov or you look up the calculator the compound interest calculator here you can type in your variables right so in this example I'm going to say that you never invested because this is a beginner's investing video so I'm going to put in zero here our monthly contribution is going to be $583 length in time $30 and our estimated interest rate is going to be 10% because again the S&P 500 typically grows around 10% on average every year and look in 30 years you should have around 1.1 million"
