The Million not invested in anything? Just spending it like the proverbial drunken sailor? That’s stupidity! Properly invested and living off of the annual return, the money will outlast a sensible retiree and the kids can fight over it.
You are correct to point this out, of course!
But regardless as to how you invest your $1 million and what your return you achieve, the relative rankings are nonetheless interesting.
Wish they had included Guam and the Northern Marianas, though.
Regards,
One million dollars invested with a return of just 6.5% annually, with inflation at 3.5% and you make an annual withdraw of 4% of the year end balance, this first million will last over 100 years.