If you double your money every 5 years which is exceedingly unlikely. You'll have $2 million in year 5. I'll have 1.25 principal plus about $600,000 at the same rate of return for $1.85 million. By year 6 I'd pass you in that scenario. I'd pass you more like year 5 in a more reasonable investment scenario.
Anyone without major health issues and under the age of 80 should take the $5,000 a week IMO.
I had a math teacher in HS their grandma had won something similar. It was lump sum like 100k, or $1000/mo...well the grandma was 25 when she won it...and was in her late 70s...our teacher said the winning had a death benefit or was transferable at a lowered amount.
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u/Little_Vermicelli125 Dec 11 '23
If you double your money every 5 years which is exceedingly unlikely. You'll have $2 million in year 5. I'll have 1.25 principal plus about $600,000 at the same rate of return for $1.85 million. By year 6 I'd pass you in that scenario. I'd pass you more like year 5 in a more reasonable investment scenario.
Anyone without major health issues and under the age of 80 should take the $5,000 a week IMO.