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@blessbrenda Most answers on here have no idea how interest and investments work.

@jeremymg16 Capital gains tax on lottery winnings is 18% (depending on how it's invested) so you have 41K.

@jeremymg16 1M with 5% return gives you 50K per year, without doing anything. Do you earn more than that now?

@eleos1954 You aren't thinking about investment. 2.5M at 5% interest, will bring in 125K per year, without touching the capital. With that much you will probably have more in the bank each year, than the previous year.

@pixielee 1M at 5% interest will generate 50K annually. A decent FA will double that. 1M is more than enough.