How much money do you estimate it taking for you to never have to work again? Think the lottery.

And to keep it simple, think jackpot value and not cash/take home. I figured this would be interesting because we all desire to do different things and live different lives.

Me? The base $40M would suit me as I'm not a traveler, wouldn't own exotics and/or multiple properties. I could even let the money chill in your average $250K FDIC-protected bank drawing whatever mediocre interest it does and never worry again.

Net $5M or higher. Figure if someone averages $150k per year for 40 years that's $6M. Knock off 30% for taxes, etc.... Left with a life earnings of $4.2M. Give me $5M up front and I think I'd be alright.

Age 30

15 mill jackpot

7-8 mill after taxes and done working my current job.

I'll take up various jobs that I want to do or a trade that I'd like to learn. I'll move to a warmer climate state and enjoy hanging with my family everyday.

Might just be me but I’d never want to stop working. Everyone I’ve ever known that just stops and has no purpose starts going downhill.
Even if/when I retire you can bet your ass I’ll have some side gig

I'd keep working, but instead of saying yes to everything, I'd enjoy saying "no."

"We need you to go to New Jersey next week."

"Umm, no thanks."

Super simple.

Just enough to pay all of my debts. Put a decent chunk in savings away. Then keep working and do my own thing. We could easily do that with 3-400k after taxes.

When you have zero payments and zero over head minus utilities you can do a lot.

Every $1 million should gross about $100k a year if all is investable. Which is a good income today but not so much in 30 years(think $30/35k today, even with a paid for house $35k is tough in today’s market).

One could make $1 million work if you’re multiplying that money every month or quarter, think turning $30-50k profit on every house flip. But then again that’s a job. Haha

$2 million would work if you are disciplined. Meaning use half(half of the $200k interest every year) reinvest the other half to combat inflation.

$5 million is where I would want to be. Even at 5% return you’re making $250k a year. Again use half reinvest half.

$10+ million and up is ideal though. $4/5 million invested fully paid real estate, $5 million in investments turning out close to $500k(10% return) income a year. Live on half reinvest half in 30 years you’d have about $30+ million cash with another $10/15 million in paid for real estate.

$1 million net and I’d be thrilled. Is more better? Hell yeah. But $1 million on top of what we have saved would would allow me to live comfortably. I would sell our current house and buy a small ranch on 10 acres, build a 5000 sq ft garage with a lift, all the tools I’d need, and a man cave area and spend my time flipping cars and working on projects.

In Canada lottery is 100% tax free.

$5 million

$1000/ week for wife
$1000/ week for me

Good for 50ish years.

I may think about going home.

I could make a few million work for me. It would grow.

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IronSnake said:

Super simple.

Just enough to pay all of my debts. Put a decent chunk in savings away. Then keep working and do my own thing. We could easily do that with 3-400k after taxes.

When you have zero payments and zero over head minus utilities you can do a lot.

Click to expand...

Yep. Debating about paying off my house or buying an investment property. Kind of a toss up though.


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Walking away with 1.5 - 2 million would be my magic number.


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5mil for sure I could quit. That’s after taxes and such. I could probably make it work on 2mil but I’m 36 and doubt I could make it last on less.

The plus side is all debt for me is 132k which is basically my house and one car. I have more equity in my home than I have in debt. I’m targeting payoff of house at 42

If I moved into a trailer on an acre I could get away with 1mil but I would want to maintain my current lifestyle

awful knawful said:

In Canada lottery is 100% tax free.

$5 million

$1000/ week for wife
$1000/ week for me

Good for 50ish years.

I may think about going home.

Click to expand...

That would be awful. Talk about no return.
In only 20 years that $1000 would have a value of $500.
In 30 years it would be worth $350.
By 50 years you would only be getting $180 a week.
After 20 years it’s a $52k yearly income. After 30 years that’s a $37k income. By year 50 you are only bringing home $19k($180x2x52).

$11M would be my number, cause it goes to eleven.

Some of you don't realize just how hard you get hit with taxes and such on lottery winnings. 1 million actually nets you around $375k after the cash value and the government steals from you.

My minimum to retire is a 10 mil pot. After taxes that barely gets you into the 6 figures a year for 25 years beforeany interest or investments.

To be safe, 50 mill dog lol

I know it's more than 1 million, as I was thinking about that last week. The "with my luck" theory of playing powerball and only getting the main numbers, thus winning 1 million. Call that 500K after taxes. I'm sort of house shopping, so I would up my ideal price 50-75K. 25K for upgrades at the new house. 50K set aside for car stuff. 10K for yet another one of my crazy trips around the world. Call that under 150K, and thus 350K set aside for investments. So yeah, I would still be going to work next week.