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How long would $1 million in cash last you?
This game assumes NO additional income...NONE. Not even interest and investing the $1mil is NOT allowed. Ready???...Go!!! Personally...I think I could go about 16-18 years! Jan 27 13 10:17 am Link 20 years  Jan 27 13 10:19 am Link 20 - 25 years. If I use it to live at the level I'm currently living, 40 years. Jan 27 13 10:19 am Link Easily 20 years. Jan 27 13 10:22 am Link 33 years. Jan 27 13 10:24 am Link 50.6 years... according to my latest tax return;) Just my $0.02 Ciao Stefano www.stefanobrunesci.com Jan 27 13 10:24 am Link You mean after Uncle Sam takes his share...and State Taxes...700,000 will not go that far. Jan 27 13 10:24 am Link A couple of minutes Jan 27 13 10:24 am Link probably spend a quarter of it on a house and a car, then probably about 10 years living on the 50k a year plus some furniture or a new TV or a small remodel of the kitchen or some other expenses I'd usually use savings for. Id have some leftovers by the time I was living mostly off of other income. Jan 27 13 10:25 am Link DOUGLASFOTOS wrote: No? Jan 27 13 10:25 am Link 10 years. My Photography is a expensive hobby. Jan 27 13 10:28 am Link No investing but I could still get any bank to extend a $5 million credit line though right? live off that forever, will eventually be the bank's problem only Jan 27 13 10:28 am Link 2yrs ... though with some belt-tightening that could be stretched to 2.5yrs Jan 27 13 10:55 am Link billy badfinger wrote: It COULD last me forever. Or it COULD last me ten minutes. All depends on what I do. I could live poor forever, or go on a shopping spree(: I think I would try to turn it into more money. How idk, but I would. Make it last longer, and be able to use it better Jan 27 13 11:03 am Link I would probably get around 10-20 years from it. Jan 27 13 11:05 am Link billy badfinger wrote: At the rate I've been going recently, 50-80 years. But since I could pay off all bills, including the house, and I'd travel, I'd basically say, as long as I'm going to live (I'm 55). Jan 27 13 11:06 am Link Don't know. Give me the million and let's see. Jan 27 13 11:12 am Link billy badfinger wrote: I've lived on a hundred bucks a month, so if push comes to shove it could last me 800 years. Jan 27 13 11:12 am Link Damianne wrote: Interestingly, it didn't even occur to me to change my life drastically. Literally didn't even think of buying a house or a car (I don't have either one). Jan 27 13 11:12 am Link If you're talking one million tax free, then probably around 35 years. I don't live a rock star lifestyle. Jan 27 13 11:22 am Link Presley ONeil wrote: thats against the rules Jan 27 13 11:29 am Link okay okay I would buy the basics and let it dwindle thats what I always did when I played the sims. My subject's never had a job. I'm thinking 30 years, if its just me. proportionally halved with women and children Jan 27 13 11:30 am Link R A V E N D R I V E wrote: nono, you said investing, interest or additional income was not allowed Jan 27 13 11:32 am Link The rest of my life. I'm 60. $40K or $50K a year free & clear provides a better income than I've ever had in my life. My maximum annual income in this shithole corner of Kansas has never been greater than $52K before taxes & other witholdings. Jan 27 13 11:36 am Link Depends on how many midgets they're selling that day......  Jan 27 13 12:05 pm Link interesting mix... my calculations didn't include large purchases like a house. I'm a renter and have no problems with being a renter... Sure I'd prob buy a new truck...reliable transport is important for me! Maybe some new camera gear... But I'm a REALLY bad consumer,(NOT good for the economy,sorry!),I only buy stuff when I really NEED it. And my biggest passion is traveling so,I'm not home that much to play with expensive toys and stuff! 'Course that could all change pretty quickly if I actually HAD $1mil cash!!! Jan 27 13 12:16 pm Link I'm gonna' guess about 25 to 30 years. I mean, I'm sure I would increase my current spending with some nicer things, but overall I don't believe I'd go crazy buying up stupid stuff. On the other hand, if I stayed exactly where I'm at and only bought a new car every 5 or so year...then it would last me well over 60 years. Jan 27 13 12:25 pm Link Anna Adrielle wrote: Please explain how this is possible? Using the money in any way to make more money equals investing. Period. Jan 27 13 12:30 pm Link billy badfinger wrote: If you've got the cash, buying a home is going to save you money in the long run over renting. Especially right now; you can search for a deal and pay cash for it. Probably get it for five years rent. Jan 27 13 12:31 pm Link bout a year, max, but I expect I'd find a way within a few months to turn it into more. that and interest, or banking fees...the 1 million would fluctuate.. lil bit of a smartass answer i know  Jan 27 13 12:34 pm Link Think it depends if one is alone,or if there is a woman in your life.Can vary from many years to even only month,s Jan 27 13 12:36 pm Link buy a house: $300,000 Buy a $20k car every 5-8ish years: $100,000 Bills would be like $1500 per month without a mortgage and car payment for a comfortable lifestyle - 30+ years. Jan 27 13 12:40 pm Link billy badfinger wrote: That part doesn't make sense to me. Whatcha gonna do -- put the cash under a mattress? Even basic savings accounts earn interest. Jan 27 13 12:41 pm Link Cash? About a week. Jan 27 13 12:42 pm Link Looknsee Photography wrote: No additional income - what are you going to eat for the rest of your life? Jan 27 13 12:47 pm Link Russian Katarina wrote: Me too. Jan 27 13 12:52 pm Link There is only so much you can buy for yourself that have no return whatsoever. Most other goods will generate return whether you like it or not. I would acquire a very big farm. The plantation products would be secret. The operation would not be illegal of course. It would produce great income. (can't help it...) It would last many decades and generations.  . Jan 27 13 01:05 pm Link Hmm.. House is paid for. Car is paid for. Monthly expenses (food, gas, utilities, property taxes, insurance, fun money etc) is something on the order of a couple grand a month. With regular travel call it 5 grand a month. So.. about 17 years on 1 million in cash at that spending level. Jan 27 13 01:09 pm Link billy badfinger wrote: Without knowing why society has been turned upside down so that it's not possible to generate any income, not even a business (!) and not knowing if this wierd new world demands taxes, or how much the cost of living will rise and all the rest it's a bit hard, but assuming there was some sort of holocaust that wiped out banks and businesses and people still behaved in a civilised manner I would use that money to create a self sustaining system- house with solar power and land with a river or a well, so you can grow your own produce. Sheep to make clothes from, horses for transport. Jan 27 13 01:44 pm Link My uncle James is a professional builder, so I'd pay him cash and get a beautiful, old craftsman bungalow style house with hardwood floors throughout and a couple of hidden doors in the floor and secret passageways. Probably something around 3k sq ft. Plenty for a family. I'd buy it for around $140k and completely restore it for another $55k-- paying half of the labor that one would normally bc of my uncle, plus using his discounts (nice, new houses at 2,500-3k sq ft go from $150-250k here, depending on the level of fancy, and you can easily buy up a huge ramshackle home with loads of potential on the CHEAP). So I'd have about $805k left over after that. I'd spend $150k on techy stuff like an 80inch smart hdtv, two top of the line IPS monitors for photoshop, a nice studio lighting kit, and several lenses. So I'd have $705k. I'd give my mom $100,000 to do with whatever she pleases, because hello, she's my MOM. I'd take $300,000 and put it towards my future offsprings' college education, use $35,000 on a car of undetermined brand with all the bells and whistles, put $10,000 aside just for vehicle maintenance, and then squirrel away the rest in a high interest savings account for emergency scenarios. *shrug* fuck the "no work/investment" rule. On what planet would that even be applicable?? Silly. Jan 27 13 02:02 pm Link |
