How many Millions would set you for life?

Reply #97

TheGameGrl — Thu, 02 Apr 2015 01:03:46 GMT

23.562 million after taxes. why the odd number? because it would be odd if i won or gained such wealth! but i'm up for such a challenge and priveledge.

Reply #96

noise-gate — Wed, 01 Apr 2015 20:09:16 GMT

May your wishes come True : Both in winning and in your retirement.

Reply #95

noise-gate — Wed, 01 Apr 2015 20:07:34 GMT

I like this line of yours Elizabeth I am good with money, and handle it well - Know Thyself.

Reply #94

msharkey2001 — Wed, 01 Apr 2015 16:37:17 GMT

I'm getting close to retirement age anyways and wouldn't need too much of a win to make it an early one.

Reply #93

Elizabeth03 — Tue, 31 Mar 2015 09:28:09 GMT

I would need at least $1 million dollars to take care of myself for the rest of my life. I would prefer more, but I'll start with the first amount. I am good with money, and handle it well..

Reply #92

noise-gate — Tue, 31 Mar 2015 00:30:10 GMT

That's pretty low msharkey2001- but to each his own.

** l have since revised my walking off into the Sunset amount to $20 mil.

Reply #91

msharkey2001 — Tue, 31 Mar 2015 00:24:26 GMT

2.5 million

Reply #90

DBfan187 — Sun, 29 Mar 2015 23:06:29 GMT

$16 million or so

Reply #89

KY Floyd — Wed, 25 Mar 2015 05:41:39 GMT

You won't need to spend much time here to find that there are a lot of candidates to be the poster child for the Lottery is for people who are bad at math campaign. As in the thread about back to back numbers, there are a lot of people who think it's unlikely to see relatively commonplace things more than once a year, while thinking there's a good chance that their combination will be the winner.

Have you encountered any of the clowns who think a state that sells a couple of hundred thousand... [ More ]

Reply #88

noise-gate — Wed, 25 Mar 2015 01:13:04 GMT

Why are you surprised at the numbers Murgatroyd- everyone is throwing in the Gravy.

Reply #87

Murgatroyd — Wed, 25 Mar 2015 00:59:18 GMT

I'm surprised at the numbers I'm seeing here. I've (presumably) got many years ahead of me, and my calculations put the number lower than most of the ones in this thread by at least a full order of magnitude.

$1M would not be enough to retire on at my age. Simple fact.

$2M would be enough to maintain my current standard of living, assuming my investments at least keep up with inflation.

$3M would be comfortable.

Anything more than that is gravy.

Reply #86

Brcebrce — Sat, 21 Mar 2015 17:00:43 GMT

Bare minimum, I would say 3 million 500k for fun, new car, house etc. The other 2.5 mill invest at 6% get 150k a year. Put myself on a budget of 100k. Roll rest back in investment pool.

Reply #85

SammyJoe10 — Wed, 18 Mar 2015 13:30:06 GMT

Some lucky person from Oklahoma won $5 MILLION in last night's mega millions drawing. That is a life changing amount, even after taxes. Kudos to them for paying the extra buck for the Megaplier

Reply #84

HoLeeKau — Tue, 17 Mar 2015 22:03:19 GMT

I need $350K to turn my life around fairly well.

To be comfortable ? I guess $100K per year for living expenses and $75K for fun stuff would make me extremely comfortable so however much I'd need to invest to get $175K per year in after-tax returns would do very nicely. I'm thinking that would be around 6 million? I'm pretty sure you can invest in one of the tax-free thingys at 3%, that would get you $180K spendable every year.

But I'd be happy with comfortable enough -- don't feel the n... [ More ]

Reply #83

myturn — Tue, 17 Mar 2015 09:06:05 GMT

Season Tickets can be purchased via phone from across the US:

1-800-222-8587 (TKTS)

(Use a debit card, not a credit card)

(You don't have to be resident in Massachusetts)

The Current Jackpot: $500,000 for Massachusetts Lottery's Megabucks Doubler

This would do nicely, thank you, I'm not greedy

Reply #82

bub1964 — Tue, 17 Mar 2015 04:23:28 GMT

one would do it for me...

Reply #81

noise-gate — Mon, 09 Mar 2015 03:40:05 GMT

Well that's just peachy buckeye- l am not moving to any State where l can't see the Ocean in 30 mins.BTW Washington State is Senior State Friendly, you are getting up in years ain't you, well if not now- think Future.

Reply #80

rcbbuckeye — Mon, 09 Mar 2015 03:07:58 GMT

California, Washington, and Oregon are the absolute last places in the US (well, NYC also) that I would move to if I won a jackpot.

I'm kinda scoping properties in the Texas hill country just for giggles. And in case fate falls in my favor. My thinking is to get away from big cities and big populations but get to a little warmer climate. In north Texas we just got nailed with a couple weeks of ice and sleet and snow.

Reply #79

MaximumMillions — Mon, 09 Mar 2015 02:34:18 GMT

Thanks, I'll pass on the ones in the middle (no offense ) but the ones on offer in Maine are interesting.

I'd be looking at California, Washington or Oregon though.

I'll keep an eye on that for my What to buy after I hit the Jackpot -list.

Reply #78

CDanaT — Mon, 09 Mar 2015 01:51:36 GMT

http://www.loopnet.com/Listing/19045744/Miller-Poweshiek-Pasture125-acres-in-Poweshiek-County-New-Sharon-IA/

This is in New Sharon Iowa....125 acres- $375 K

http://www.loopnet.com/Oklahoma/Henryetta-Commercial-Real-Estate/

Morris, Oklahoma...182 acres---$375K

Henryetta, OK 125 acres--- $275 K

http://www.landsofmaine.com/maine/land-for-sale/750-acres-in-Penobscot-County-Maine/id/1606382

Penobcot County Maine...750 Acres--$299,250.00

http://www.landsofmain... [ More ]

Reply #77

MaximumMillions — Sun, 08 Mar 2015 23:40:56 GMT

lol in that case I'm out, arid climates aren't for me.

Reply #76

noise-gate — Sun, 08 Mar 2015 23:37:56 GMT

In one of the Tumble-Weed States.

Reply #75

MaximumMillions — Sun, 08 Mar 2015 23:33:41 GMT

Where in the Us can you get 117 acres for 375k $? Genuinely curious, sounds like my plan but much cheaper.

I'd say somewhere between 5-10 million / 7 - 12 million $.

Reply #74

shelby50 — Thu, 26 Feb 2015 15:22:43 GMT

5 MILLION

Reply #73

Goteki54 — Thu, 26 Feb 2015 15:18:27 GMT

$10 Million would be more then enough for me, because I would put it in a good quality bond fund that is yielding around 5 to 6 percent. That would give me $500 to $600 thousand a year to live off of. I would of course spend less then that per year and reinvest the rest.

Reply #72

shyguitar — Thu, 26 Feb 2015 11:31:06 GMT

I would love to win 10 million after taxes but would still be happy with far less. That's why the PB amount has no effect on whether I play or not as I could easily retire on the jackpot for PB. Though when the matrix chanes for PB will play far less.

Reply #71

purluesky — Wed, 25 Feb 2015 04:08:42 GMT

375K - 117 Acres of land with a man made lake.

300K - An average house with 4 beds and 3 baths.

100k - Solar panel system with battery backup.

1 mil - Money in the bank for last resort situation.

About 2 millions is all to live my dream life.

Reply #70

noise-gate — Wed, 25 Feb 2015 02:38:58 GMT

That's a decision you have to make Teddi, don't concern yourself with what others are saying or doing.

Think of it as similar to going into the voting booth- it's just you, your decisions and what you expect to happen. As that Mean character in No Country for Old Men said. ..Call it

Reply #69

Teddi — Wed, 25 Feb 2015 01:53:57 GMT

Before I respond, and after reading the first page of replies, I need a little clarification... how much do I need for me, myself and I after taxes, or how much after I factor in family and friends?

I notice people saying they want a large sum because they'd plan on splitting it among various loved ones, so should we give pre-pre-split or post-split amounts? I don't plan on splitting a win with anyone, but there are some people I want to help in significant ways. So my MINE...ALL MINE money i... [ More ]

Reply #68

CDanaT — Tue, 24 Feb 2015 12:56:10 GMT

$6.5 Million(after taxes).....$1-1.5 Million to pay off the house with all new furnishings, by new vehicles,some toys,gold/silver,spending cash and acreage in the mountains.

$5 Million to invest at 3-5% returns...$150-250 K a year to live off minus taxes ??? ..yeah, that should do it

Reply #67

noise-gate — Tue, 24 Feb 2015 04:55:27 GMT

...my calculations align somewhat with yours Think..

Reply #66

dognabit — Tue, 24 Feb 2015 04:32:12 GMT

If I really wanted to, I believe that at 40, I could retire, ok semi-retire with around 3 million.Move away, buy a small house, get a job I love, and after a few years slowly transition into a nice retirement. Or live frugal with the 3 million for a few years and let the money grow.

Reply #65

ThatScaryChick — Tue, 24 Feb 2015 04:19:38 GMT

Me too. I would love more, but I wouldn't turn my nose up at that amount. That might not make me set for life, but it would help me be more comfortable.

Reply #64

Think — Tue, 24 Feb 2015 04:17:10 GMT

Why $100 million?

Using historical data I come up with $92 Million cash after taxes for someone who is 18 and assuming they live til 90.

What was your method for arriving at $100 million at age 39

Reply #63

Karate-1 — Mon, 23 Feb 2015 21:20:33 GMT

I think I could live comfortably with 2 million after taxes. Enough to invest, buy a house, and take care of the family. Also I would still work atleast part time to keep myself busy.

Reply #62

savagegoose — Mon, 23 Feb 2015 12:49:06 GMT

if i had $100k a year for life in todays purchase power, i would live comfortably. and still have to be smart and frugal. i would prob need tto re invest another $25k a year, just to maintain my purchase power, over time. so what ever means producing a safe income of $125k a year. in todays money.

maybe $5M after taxes.

Reply #61

jjtheprince — Sat, 21 Feb 2015 20:09:07 GMT

I'd need $100 million after taxes...seriously, I'm only 39 here want to retire now.

Reply #60

ttech10 — Sat, 21 Feb 2015 03:13:48 GMT

After any and all taxes, $3 million is the safe amount for how much I could live the rest of my life on and never have to work or worry about money. Ideally, I would have the take home amount of at least $10 million. With that amount I could move to any city I wanted and still have enough left to not just live without money issues, but be able to take vacations and splurge on the occasional gift for myself.

Reply #59

jr-va — Sat, 21 Feb 2015 02:53:03 GMT

me too. One million would be nice.

Reply #58

Coin Toss — Sat, 21 Feb 2015 01:43:44 GMT

noise-gate,

I remember UPS drivers talking about all the 'house poor' people in San Francisco, meaning after they had bought a house they didn't have one piece of furniture in it.........and this was in the late 1980s.

Reply #57

sully16 — Sat, 21 Feb 2015 00:41:08 GMT

One million would be nice.

Reply #56

noise-gate — Fri, 20 Feb 2015 23:25:01 GMT

$35 Mil which would include Benefiting family friends abroad Stack....as for living very comfortably right now? I won't answer that.

Peace.

Reply #55

Stack47 — Fri, 20 Feb 2015 23:00:07 GMT

I was using San Francisco as a model when I suggested $100,000 a year as a comfortable living income because the average price per home there is the highest in the country. It requires an income of $115,000 a year income to afford the payments on a $1 million home.

If someone needs to win $35 million or more to live comfortable, they must be living very uncomfortable now.

Reply #54

Think — Fri, 20 Feb 2015 22:33:41 GMT

I have been doing this over and over for years and years and believe $35 million is ok. That is about what I try to shoot for with maybe another Million for legal and other advice.

That said, you can't predict inflation or other things so you may want to tack on another 33%.

For not investing any of it I also considered this formula 90-current age * $1,000,000 which would give you a million a year for the rest of your life if you didn't get tired of spending it after 4 or 5 years. Su... [ More ]

Reply #53

KY Floyd — Fri, 20 Feb 2015 07:43:07 GMT

Some of the people around here must be pretty miserable right now, considering how much they say they'd need to be comfortable.

Based on life expectancy calculations I've got a 25% chance of living at least another 33 years, so I'd figure I want a comfortable income that will last at least 35 years. Assuming that a safe investment will yield a 3% return, each million dollars invested will provide an income starting at $28,500 and increasing 3% per year for 35 years, at which point the princip... [ More ]

Reply #52

Scratch$ — Fri, 20 Feb 2015 04:38:59 GMT

If only financially responsible people played the lotteries, the jackpots and top prizes would be substantially smaller! So I say more power to the financially irresponsible playing as much as they can. Lots more money for financially responsible people like myself, if I get lucky.

Reply #51

Raven62 — Fri, 20 Feb 2015 03:45:24 GMT

Thanks!

As a Lottery Player: One has to Ask Themself:

Am I Responsible Enough to be Wealthy

Reply #50

noise-gate — Fri, 20 Feb 2015 03:27:23 GMT

Yeah l know- but if you Won $200 Mil, l bet you wouldn't say That's Shelby's amount

Reply #49

noise-gate — Fri, 20 Feb 2015 03:23:25 GMT

Mine Too..... but $200 mil sounds better..

Reply #48

noise-gate — Fri, 20 Feb 2015 03:16:24 GMT

That is according to the US Census- however those folks earning those numbers are living with Parents who bought their Homes decades ago or with Friends. They certainly are Not buying homes Stack unless they Pooling their Money with other friends. According to HSH.com, one has to earn at the very least $142K to purchase a home in San Francisco.. thus my point of not being able to buy an outhouse in the Bay Area.

Get a Load of this....

The median price of homes currently listed in San Fran... [ More ]

Reply #47

Theox- — Fri, 20 Feb 2015 03:14:29 GMT

$25 million would tie me over pretty nicely. But $200 thousand would turn my life around fairly well too.

Reply #46

Artist77 — Thu, 19 Feb 2015 23:48:47 GMT

$2 million net for me or $15 million net if I buy that apartment in Paris.

Reply #45

Shelby Mustang — Thu, 19 Feb 2015 21:21:23 GMT

LOL ahhh splitting 564 million 3 ways, what a problem I and you too would love to have....It doesnt matter how often it gets that high, it just matters that its you who hits it

Reply #44

Stack47 — Thu, 19 Feb 2015 17:27:43 GMT

People living comfortably with their current income should take that figure plus inflation to decide how much they will need. The national average was about $52,000 in 2013 so I used $100,000 and a very conservative (5%) annual return. At that rate after a year, one could collect $100K a year and never touch the principle. Even if they took the first year off the top, they won't out live the principle.

There are several $1 million investments like rental properties with a 10% annual return.... [ More ]

Reply #43

Stack47 — Thu, 19 Feb 2015 16:39:50 GMT

You said living comfortably and the median yearly income in San Francisco is $75,604 and per capita income is $48,486 and both well below the $100K a year I suggested. Did you miss were I said it depends on how much a person feels they need to live comfortably

Reply #42

Stack47 — Thu, 19 Feb 2015 16:22:43 GMT

I used a basic minimum 5% interest a year on $2 million as a starting point and $100,000 a year income as ball park figure for living comfortable. That of course was assuming the $2 million was after tax.

Reply #41

DELotteryPlyr — Thu, 19 Feb 2015 14:44:15 GMT

Another good comment

Reply #40

Raven62 — Thu, 19 Feb 2015 14:31:25 GMT

Thanks!

It's about what one has: Not about what one wishes they had

Reply #39

zephbe — Thu, 19 Feb 2015 14:19:34 GMT

I play several draw games for the 5 white balls. I wouldn't give a jackpot back if I won but my lifestyle wouldn't change much. I will be happy with my little win.

Reply #38

SoleWinner21 — Thu, 19 Feb 2015 13:47:23 GMT

That's not my amount. It's Shelby Mustang.

Reply #37

SoleWinner21 — Thu, 19 Feb 2015 13:30:57 GMT

Which was split by three people. So you have to worry about that, and also the jackpot doesn't get that high often. Usually someone wins it before. Mega Millions only had one time where it went over 400 million last year. And one time for PB.

Reply #36

CTNY — Thu, 19 Feb 2015 08:54:29 GMT

Well I'm a little over a quarter century old so I will need about 15 mill, maybe less since,

I find fulfilment in turning dollars out of 50c. lol

Reply #35

Scratch$ — Thu, 19 Feb 2015 06:25:36 GMT

Hi Mike.

I'm highly skeptical a young person winning the lottery would be willing not to touch the money until they hit retirement age. Somebody in their 50's might be able to wait until 62-65, but no way would many if any young people wait that long.

The OP (noise-gate) stipulated what one would need to live comfortably . It's safe to say that Beverly Hills or a large ranch with multiple homes would be in the extravagant category. I'd say a good general definition of comfortable would b... [ More ]

Reply #34

noise-gate — Thu, 19 Feb 2015 06:09:44 GMT

Zephbe- l would have thought that having more than $250,000 would work to your advantage given your statement of not being in the best of health. Are you sure you did not mean a 1/4 of a Billion

Reply #33

noise-gate — Thu, 19 Feb 2015 05:50:22 GMT

A $180 mil jackpot is an obscene amount of money.. Hope you pull it off though. .

Reply #32

mikeintexas — Thu, 19 Feb 2015 05:45:54 GMT

I took Stack's comment to mean that 2 million wouldn't start to be being spent until the age of 62-65, maybe a lower age if you have a military pension or are vested fully in your company's retirement plan, plus your SS. Then there's the interest; not touching the principal that's invested in CDARS CDs at 1.5%, that will bring you 30 grand a yr. ($150k after the five yr. jumbo CDs mature) before taxes. I've always thought a little bit more than 2 million would be a good enough amount for me (alt... [ More ]

Reply #31

noise-gate — Thu, 19 Feb 2015 05:44:58 GMT

Well maybe where you live Stack, but I'm accounting for friends at home, in Europe and beyond. Btw- you can't get an outhouse for $100K in the Bay Area..

Reply #30

Scratch$ — Thu, 19 Feb 2015 05:07:20 GMT

Assuming a person lives to about the age of 80, $2 million wouldn't cut it for most people under 55 years of age. $2 million at $100 grand a year will only last 20 years.

A 20-year old who won the lottery could reasonably expect to live about another 60 years. So figuring they'd need a hundred grand a year for 60 years to live in sufficient comfort, they'd need to win $6 million after taxes.

Reply #29

Stack47 — Thu, 19 Feb 2015 04:01:29 GMT

If someone wants to retire with an extra $100,000 a year for the rest of their life, $2 million will cover it nicely. But that depends on how living comfortably is defined and based on some of the responses, some define it as extravagance.

Reply #28

darthfury78 — Thu, 19 Feb 2015 03:25:57 GMT

For myself, $4 Million to $8 Million. All of which will be fully invested in the Stock Market. Perhaps in 20 years, that money might grow to $100 Million...LOL

Reply #27

mrbg — Thu, 19 Feb 2015 03:25:50 GMT

3-5 million

Reply #26

MADDOG10 — Thu, 19 Feb 2015 02:13:30 GMT

One Million..

Reply #25

SammyJoe10 — Thu, 19 Feb 2015 02:11:34 GMT

4 million after taxes

Reply #24

Nydebbie — Thu, 19 Feb 2015 01:25:57 GMT

After taxes, I would say two million

Reply #23

Shelby Mustang — Thu, 19 Feb 2015 00:49:55 GMT

Ok LOL we all know it can get that high. Look at the jackpot that was just won. Wasnt it 564 million

Reply #22

Romancandle — Wed, 18 Feb 2015 22:46:54 GMT

5-10... Anything beyond that is gravy...

Reply #21

whatluck — Wed, 18 Feb 2015 21:56:19 GMT

Probably about 25M, but I would not mind more

Reply #20

maximumfun — Wed, 18 Feb 2015 21:46:27 GMT

I like your style

Reply #19

maximumfun — Wed, 18 Feb 2015 21:46:02 GMT

After all taxes, tithe, and fees? approx 9M/10M$ would suite me just fine and the entire family would be VERY comfortable

Reply #18

LottoLucy — Wed, 18 Feb 2015 20:18:07 GMT

$4.5 million. Four million to invest and $500 thousand for a nice little house on a couple of acres. Then we could walk away right into retirement and probably have a nice little life.

Reply #17

Raven62 — Wed, 18 Feb 2015 19:02:24 GMT

No Matter What Amount It Is: I'll Make It Work

Reply #16

IPlayWeekly — Wed, 18 Feb 2015 16:46:04 GMT

Between 2 to 5 million, I like where I live. I would need extra for travel and family.

Reply #15

Guru101 — Wed, 18 Feb 2015 16:36:25 GMT

$3,000,000 after taxes.

Reply #14

KickRockz — Wed, 18 Feb 2015 16:33:54 GMT

I'm thinking around $5-10M after taxes would set me for life. In North Carolina that would be good living and traveling finances. Not to mention starting my own business to bring in more finances

Reply #13

Saylorgirl — Wed, 18 Feb 2015 16:22:23 GMT

I would be happy with 40 million after taxes

Reply #12

SoleWinner21 — Wed, 18 Feb 2015 14:54:11 GMT

You would need to win at least 400 million or more (depending on the state) for you to get back $180 million after tax. Plus more tax on top of that when giving/spiting any money with family.

Reply #11

SoleWinner21 — Wed, 18 Feb 2015 14:51:49 GMT

$55-$65 million after taxes should suffice. There is quite a few of people I would like to help out. Plus investments and other stuff.

Reply #10

Shelby Mustang — Wed, 18 Feb 2015 14:41:40 GMT

Very good question Noise...I'd say personally at least 180 million after taxes. Why so much? Well I have 2 sisters and a brother I plan on splitting it with then they have money so they wont have to come to me all the time and neither will their kids. Other family members either, I can tell them well I gave money to my sibs, have you asked them?? It shoud come to just under 50 million a piece hopefully after taxes and if they blew thru that...well all I could say is that I split it with them and... [ More ]

Reply #9

zephbe — Wed, 18 Feb 2015 14:37:49 GMT

noise-gate

no, I wish I knew how though. I'm older, retired, not in the best of health. I like where I live. My house and car are paid for.

Reply #8

noise-gate — Wed, 18 Feb 2015 14:17:44 GMT

Simple solution: Keep the 2nd gf on retainer.

re tain er

r?'tan?r/

noun

1.

a thing that holds something in place.

a guitar string retainer

2.

a fee paid in advance to someone, especially an attorney, in order to secure or keep their services when required.

Reply #7

maringoman — Wed, 18 Feb 2015 14:12:24 GMT

After taxes I'd say $7,000 a week for life would be nice. But once you get that second girlfriend then all the money in the world will never be enough..that polygamy instinct is the destroyer of man

Reply #6

noise-gate — Wed, 18 Feb 2015 14:10:28 GMT

No disrespect Zephbe- but do you shoot and grow your own food

Reply #5

zephbe — Wed, 18 Feb 2015 13:16:33 GMT

1/4 of a million would be fine for me. I play for 5 white balls.

Reply #4

DELotteryPlyr — Wed, 18 Feb 2015 13:05:08 GMT

I agree with you, just need enough to relax and slow down to enjoy the simple things in life.

Reply #3

bigbear29 — Wed, 18 Feb 2015 11:48:10 GMT

After all taxes, 15.5 million

Reply #2

Scratch$ — Wed, 18 Feb 2015 06:23:14 GMT

A person's age makes a huge difference in the amount needed, IMHO. A 20-year old would need considerably more than a 60-year old.

I've always had good personal financial discipline, so I could live out my days on $2 million after taxes. I wouldn't be living in a mansion or driving a Ferrari, but I would be comfortable.

Reply #1

Igamble — Wed, 18 Feb 2015 06:18:22 GMT

Anywhere bet.12-17mil. AFTER ALL taxes !With due dilligence and hard work ,i am sure i can invest it very well and quadruple that $ amount in 5years.

How many Millions would set you for life?

noise-gate — Wed, 18 Feb 2015 05:43:43 GMT

Where if you never had to hit it again, you could walk away and say at least l am comfortable for the rest of my life?

Personally : $ 35 Mil and above* after both taxes. How about you?

*** Be realistic, dispense of the Bull by saying $200 mil.. Thanks in advance.