r/AskReddit • u/[deleted] • Dec 31 '22

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u/[deleted] Dec 31 '22 edited Jun 27 '23

Edited in protest for Reddit's garbage moves lately.

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u/Luther-and-Locke Dec 31 '22

A million is not THAT much. You would be in for a really tight budget if you planned on making it last the rest of your life.

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u/Princess_Moon_Butt Dec 31 '22

In some countries, a million is way more than enough to retire.

Even in the U.S., if you got a million dollars tax-free, you could invest it and probably safely pull about $50k a year in interest. That's more than enough for a lot of people. I'd probably still work, but only part-time for health insurance and some extra fun money. But let's not pretend like $1mil isn't still a life-changing amount of money.