AnEngineer2018 t1_jb64qjy wrote
Reply to comment by BizzyM in Boeing employee bought lottery ticket because it was at $747M, a nod to the aircraft. She won the jackpot. by ChickenXing
I think if you’re in your 20s you could absolutely retire for life if you win $10m.
The government is going to take half of it back in taxes which leaves you with $5m. Even if you don’t invest any of it in anything, if you live to 80, that would be like $83k/yr not including social security that you would be able to collect past 65
Heck maybe you go out and buy a $400k house in cash saving a bunch in interest payments. That would still leave you ~77k/yr for life.
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