If I were Filthy Rich
By OoklaTheMok1994+161 Mind boggling numbers for the next winner.
Back of the napkin calculations:
If you take the cash option, after taxes, and put the remaining in some super-safe investment with a measly 2 or 3 percent return, every month you'd generate more than a HALF MILLION dollars of after-tax cash. Over $15k a day for doing absolutely nothing.
It would take me 5-10 years of regular work to generate that kind of after-tax cash.
In one month of earnings I could pay off ALL debt and get a couple new cars and travel to Europe for a couple of weeks and get front row seats to every sporting even I care to see that month and... and... and...
Recent responses
+48 @BabiesatemydingoNSW usamega.com calculates taxes by state and gives you a take-home figure for lump-sum or annuity.
+28 @celiacsunshine Even after giving away half the jackpot, under the 4% rule I would make over $13k per day in passive income, and that's after taxes!
+22 @silentsights Yep this why I love day dreaming about huge lump sums like this. I used to play around with S&P 500 calculators all day. Figures like a deposit of $100M into the the market yielding 7-9% interest would garner you like $350k per QUARTER. Just insane how all the rich guys are right, when you’re rich the money really does work for itself.
+18 @LPNTed My number (because of other factors) is $9k/day. Not bad.