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heres a full breakdown of how long it will take you to become a millionaire by investing in the s p 500. so the s p 500 basically represents the broad stock market and about 500 different companies and from 2001 to 2020 gave an average return of seven point four five percent now if you invest one hundred dollars at the beginning of every single month again average return of seven point four five percent its going to take you 58 years to become a millionaire now if you can put 250 dollars per month away its only going to take you 45 years and if you can do 1 000 per month youll have 1 million dollars for retirement in just 28 years if you want to do any of the math yourself just go to calculator.net and type in the investment calculator to do the experiment with your own numbers if you want to buy the s p 500 you can buy into it with the etf ticker symbol spy