[Gay State Conservative]

Let's assume that he's 25 and let's assume he lives to 80.Let's also assume he gets to keep half of he money after taxes.If I had an inflation adjusted $12 million at age 25 I could have lived comfortably lived for 55 years on that money (principle and interest) and probably could have left a few dollars behind.

[zeestephen]

Or, you could have bought the S&P 500 Index and lived comfortably...forever.

It pays a 2% dividend to begin with.

That’s $240,000 per year.

After taxes, even in New York City, your take home pay would be more than $11,000 per month.

And, historically, on average, the S&P 500 Index grows about 7% a year.

So you could sell a small amount of stock every few years, raise your take home pay to $20,000 per month, and grow your principal instead of squandering it.

[Vermont Lt]

Yeah, but his agent gets ten percent, the government gets 45 percent, the state gets a chunk. So, he nets about 30% of the gross. Total, about $8 mm. He could live ok on that, if he was careful. 5% a year is about $400k. He should be able to do that forever. That would be more than enough for most people.