How long will $1 million dollars last the average person?
539106
I actually do finance and asset management for families.  If you were to retire TODAY... 1 million dollars at a modest 5% return would pay you $50,000 a year.  MOST could live pretty well off of that.  Depending on your age, you might need to save a little more just to battle inflation.  (essentially   $50,000 a year will not be worth as much each year)  And, if you do not own your home, this has to be taken into consideration as well.  I just read an article that predicts in the next 20-30 years their will be significant advancements in medicine allowing us to live well into our hundreds!  So be sure your prepared to go the distance!
161717
You need to be realistic about achievable returns.  The stock market (S&P 500) has an average annual return of approximately 10%.  If you invested $2,000 a month and got a 10% return compounded annually, you would be a millionaire in 17 years.\n\nKeep in mind, someone once asked J.D. Rockefeller, "how does one become rich?"  He replied, "slowly".
980859
A million dollars goes a short way these days.  If you invested diversely, you would have most of your money locked up before you make 12-15% per year.  I would invest in the stock market, which is on a tear right now, keep my crappy car and live in an apartment.  Wealth is not in what you own, but how much money you have and more importantly how much you earn.\n\nIf you really must spend, get an aquarium that's the size of a swimming pool with all glass surroundings and a room from below where you can see the aquarium above.  Fill it with sharks and feed live foods.
32445
you could see if someone gave you a million dollars what the natural human response could be. Have fun with one million dollars
247632
any age as long as you have the money
15052
About 1 Trillion. See source link for more.
162568
Wouldn't the present value be $1.  The future value would take time & interest into account.
25007
It naturally depends on what your starting capital is - and what your investment horizon is. Thus if you already have $1mn in the bank, and you leave it in a check account which yields 1% p.a., then after one year the bank will add $10,000 to your account :)
99333
American money doesn't become outdated but it does become worn and then it is destroyed and new money is printed to replace it.It doesn't matter how old it is.As long as it is in good shape it will stay in circulation.
743411
I will assume that the interest is simple and compounded annually, just to make the question easier.\n\nYou will reach $1million (US system) 97 years later, at the age of 115.  $1,035,358, actually.\n\nI used a simple formula with an Excel spreadsheet to figure this out.
278661
It has 6.   1,000,000.   Unless you are thinking of a million dollars.  Then 8.  $1,000,000.00
51865
it depends on how much money you have to invest
1105500
i would open a Commodity Trading Account and put the money into T-Bills which will earn 4.635% interest.  Property is at a peak now, but T-Bills are a safe investment. on a million dollars every 3 months you will receive $46,350.00 return,  $185,400.00 every year.
181959
USD 500 Trillion to 1 Quadrillion in personal assets \nthis figure does not include assets owned by governments, religious groups, or illegally acquired wealth
207396
Since you didn't set a time limit, I'll suggest a real way is has been done many times.\n\nSave 10% of every pay check. Invest it in several good mutual funds and let it ride. In 30 or 40 years (when you will really need it) you'll have your $1,000,000.
160495
it would bo approximately 45,000 crore rupees!!\nyes, really bcos $1 million is about 4.5 crores
336535
Total life span=8billon+yrs.\nIt may last for another 4.5 billion years.....(and counting)