2006-07-26 12:16:07 · 6 answers · asked by Cbauer 2 in Business & Finance ➔ Investing
Traditionally lottery winners file for bankrupcy!
To go belly up! :)
(read the linked article)
All said, it would be 20mil
I can go back to some other work if i spend it all
2006-07-26 14:36:47 · answer #1 · answered by Anonymous · 1⤊ 0⤋
depends on your spending and self control, i figured i could be satisfied with 1 million dollars. however, i wouldnt be living it up as well, just surviving. (For you non math majors, thats $50,000 a year for 20 years.) with 10 million though id be set for life ($200,000 for the next 50 years or $500,000 for the next 20)
2006-07-26 19:22:29 · answer #2 · answered by Spellcaster97 2 · 0⤊ 0⤋
20 million, at a 5% interest rate I could live off the interest at 100k per year
2006-07-26 19:19:36 · answer #3 · answered by John m 2 · 0⤊ 0⤋
150,000.00 is what you would have to win. But you would have to reinvest it between 8 and 13% and live a very modest life. You would have to have most of your big purchases (house) paid for .
2006-07-26 20:01:51 · answer #4 · answered by jrg001aok 1 · 0⤊ 0⤋
I would need $1.9 million, which would be $60,000 per year for 30 years.
2006-07-26 19:19:57 · answer #5 · answered by 3eleven 4 · 0⤊ 0⤋
depending on how wisely you spend it and your age like what would you buy a car a house.i think 2 million.
2006-07-26 19:21:20 · answer #6 · answered by lcayote 5 · 0⤊ 0⤋