The historical S&P average annualized returns have been 9.2%. So investing $1,000,000 in the stock market will get you $96,352 in interest in a year. This is enough to live on for most people. However, you also can lose money just as quickly.21 Dec 2021
How long can you live off 1 million?
A recent study determined that a $1 million retirement nest egg will last about 19 years on average. Based on this, if you retire at age 65 and live until you turn 84, $1 million will be enough retirement savings for you. However, this average varies considerably based on a number of different factors.19 Oct 2021
How long can you live on 1million pounds?
A recent study determined that a $1 million retirement nest egg will last about 19 years on average. Based on this, if you retire at age 65 and live until you turn 84, $1 million will be enough retirement savings for you.19 Oct 2021
How much interest would 1 million earn in a year?
The historical S&P average annualized returns have been 9.2%. So investing $1,000,000 in the stock market will get you $96,352 in interest in a year.21 Dec 2021