If you have $2million would you retire from working?

Question

If you have $2million would you retire from working?

Answer 1

No.

Answer 2

Definately yes.

Answer 3

No, because work keeps me busy and happy.  I'd be bored quickly.  Also, $2 million isn't that much any more.  It would run out after 10 years or so if you didn't live a frugal life.  Or if you bought a house in a major city on either coast.

I would re-think my life and investing and probably do any job I wanted that kept me happy and challenged/rewarded but make sure I invest wisely to have money for the rest of my life.

Answer 4

Yes. I would spend about 300k initially to pay of my mortgage & debt.  The remaining 1.7 mill. at about 5% interest would bring in about $85k a year, which is more than I make now...and right now I have to pay a mortgage... I think there are a lot of things I would gladly do for free in the world, if I didn't have to go to work to earn money.....

Answer 5

probably not.  if you weren't working, then you'd probably be out spending all the money to keep yourself from being bored.  if you could control yourself and live simply, you could definitely get by.  The monthly interest would be enough to pay rent and bills if you aren't living extravagantly, but the more money you have the more ways you find to spend it.  Hmmm.

Answer 6

If I had $2 Million, I would pay off my student loans, then with the money left over buy a Pez Dispenser.