Choosing a tax-deferred account?

This was a money saving tip from MD Cooperative Extension... ';If you save just $2.74 a day and invest it in a tax-deferred account that just matches the historic return of the the stock market, you would have more than $1 million after 40 years.'; With a search I found the historic return of the stock market is 10-12% but I don't know what kind of account to invest in. Are there accounts with a fixed interest rate of at least 10%, that are tax-deferred, and that I can make small contributions toward on a regular basis? Any advice it appreciated!