Would you rather have $1,000,000 now or $50,000 a year for the rest of your life? (assume both sums are after taxes)?

Take the 1mil now. Cash in hand now is better than possible cash in the future. Too many attributes that will make that money worth less or even worthless. What if you pass on in the next year?

Definitely one million now, for 50 k per Yr after some yrs it would have been eroded by inflation, while the invested 1m being put into dividend paying stocks/bonds can create another million for me haha

Take 1million, throw into dividend stock that gives out 5% annually and get $50,000 for the rest of your lives and STILL get 1 million? Hahaha.

jokes aside, if I'm not allowed to invest the money, $50k seems like a safer route to prevent overspending! :)

I'll take 1m now.

Take 1m and compound it at 15% per annum for the next 20 years will be 16.366m

Even if it's only at 9% which is S&P500 average for the last 20 years will be 5.604m

That's the power of compound interest.

With this money, even if i draw out 200k every year for the next 20 years, and it still continue growing at 9%. By the 40th year, i'll have 21.177m

But what if i take 1,000,000 now and draws out 50k every year to use.

i'll still have:

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