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If you won £1m

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By *erriAnne OP   TV/TS
over a year ago

The shire

If you won a million quid could you retire on it. I don't think I could. Once I've bought a nice house and furnished it had a holiday and bought a couple of cars I think that would leave around 500k maybe. Even at 25k per year earnings that's only 20 years wages left. What would you do with it and could you retire.

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By *partharmonyCouple
over a year ago

Ruislip

I (Luke) could retire on it in conjunction with my other assets.

If you are looking for an income then buying a couple of properties and renting them out seems to me to be the way to go.

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By (user no longer on site)
over a year ago

Yes but I would prefer to work.

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By (user no longer on site)
over a year ago

No. I couldn’t retire but I’d be a lot more comfortable for sure.

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By *lueWonderMan
over a year ago

Preston.....ish

Once I'd paid off a few small debts, bought a house and a decent car.

I would set up some sort of trust fund for my kids for uni or a house deposit.

Treat myself to a nice holiday.

That would leave me with around £600k I would probably invest in property or caravans on holiday park to let out.

I definitely couldn't or wouldn't want to retire just yet.

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By *etite HandfulWoman
over a year ago

Chester

You could if you invested it well its still possible to make 5-9% interest on investments if you are shrewd and make sure you only take the profit above capital plus interest. so say 7% net which would be 70k pa.

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By (user no longer on site)
over a year ago


"You could if you invested it well its still possible to make 5-9% interest on investments if you are shrewd and make sure you only take the profit above capital plus interest. so say 7% net which would be 70k pa. "

Not really. I’ve got mortgages so makes sense to pay them off as paying interest on them. Wouldn’t leave enough for me to retire and live comfortably x

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By (user no longer on site)
over a year ago

I have retired very comfortably, so I would give it all to Orphan Chikdrens Charities.

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By (user no longer on site)
over a year ago

A million quid not the life changer it once was.. ok 4 bed detached "darn sarf" 600k plus. car, holiday. a few pressies for others ...300k in bank...if yr 60 then yeah but at 30 your working first a few more years....

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By *verage JosephMan
over a year ago

Grays & London

What a life changer that would be!

Yeah I could retire on that, don’t think I would just yet as I do still love my job.

Id 100% go do the travelling I should have done in my younger years.

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By (user no longer on site)
over a year ago

God how much is real estate in the UK?

I could answer this myself with Google but that's just crazy for such a small little place.

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