*Just a reminder that this study of Wayne Grudem's book, Systematic Theology, is not by any means me teaching, but rather a simple summary chapter by chapter of his book for my own enrichment.*
Just two chapters left, and this book is finished! Wow.
Historically there are three major views on the millennium:
Amillennialism. This means that the future events spoken of in revelations are already in process here amongst us.
Postmillennialism. The gospel and growth of the church will increase until society will function more according to Gods standards and a millenial age of peace and righteousness will occur. At the end of this period, Christ will return and judge all.
Premillennialism. Christ will come back before the millenium. A time of tribulation will come, then Christ will return to establish a millenial kingdom.
dispensational premillennialism. Christ will come to draw the believers up to heaven, then a tribulation, then the new heaven and new earth, and then the eternal state.
The interpretation is complex in this discussion, and we should recognize a large amount of grace with others who hold differing views.
Here are a few links to listen more in depth on this topic.