LogFAQs > #979756378

Another thing I would add, dont count on generating income like that to plan your finances. If you want to retire from working and spend 50k per year increasing to about 100k per year over the decades to maintain the same standard of living, ideally you want that money up front.

Think of any interest yielded as a bonus. With large amounts of cash like that, it would behoove you to use some of it in savings accounts, stock market, and other types of accounts to protect your money by diversifying it. Interest rates from investments will change over time and I wouldnt count on it to plan finances. If someone hands you $1 mil, you dont want to put that all into one place.

Stuff happens, accidents, family emergencies, you never know.

I would quit working for about 10 million, preferably 20, at the very minimum. Less would be nice but you want to have enough money to spend comfortably under an assumption you will not turn any profit on investment and may even lose money unexpectedly.