This Vanguard Index Fund Could Turn $500 Per Month Into a $1 Million Portfolio That Pays $15,000 in Annual Dividend Income

Investing $500 monthly in the Vanguard S&P 500 ETF could grow to approximately $1 million over 30 years, generating $15,000 in annual dividend income. The S&P 500 has historically returned 10.3% annually over the past three decades, and the low-cost index fund offers broad exposure to 500 large-cap stocks covering 80% of U.S. equities with a minimal 0.03% expense ratio.