How to turn $1000 into $1 million

I'm sure I have your attention quickly with this headline. A nice topic, but not a get-rich-quick one.

" Retire comfortably: $1 million in 45 years
...let's not get greedy, and let's not extrapolate for decades out into the future what has been a start beyond even the most optimistic expectations. What if we dial back our expectations and assume a still very aggressive annualized 16.6% return on our initial investment? In that case, $1,000 would take 54 months to double. And under that scenario, it would take approximately 540 months for $1,000 to double 10 times to reach $1 million -- or 45 years."

Read the whole article on Motley Fool.

Returns of 16.6% per annum are highly difficult, if not impossible, to achieve year after year. The lesson here is what it takes to make $1 million is highly unreasonable and you should not expect it. Invest regularly. Get rich slowly.