Kind of a generic question, but it’s one I always like hearing the answer to.
I’d probably buy a house, just big enough to live comfortably, maybe a 2 bedroom? And possibly start my own hosting company for controversial content. That seems like it would be fun.
I would probably try to share the rest with family/friends and keep enough just to comfortably yet modestly live on.
Alright, now it’s your turn!
All in on VTSAX, continue like normal for a decade or so to let that money compound, then retire with a super comfy 2-3MM in investments, and pull a modest 3.5% safe withdrawal rate from it in perpetuity, putting me in the upper brackets of income without having to work for a living. I’d say living off 60-100k a year is living pretty fat where I’m at. From there I could probably support my then aging parents, and probably my unambitious future crazycatlady sister, maybe do some philanthropic stuff.
I’ve already got this shit roadmapped, pushing for that FIRE grind.
Everyone’s answers seem so much better than mine. xD Definitely seems like you’ve thought about this before.
Helps that I’ve been aware and analyzing this route for close to a decade now lol. Reddit’s r/FIRE and r/FI used to be a treasure trove of tools and information on how to stack cash high in retirement accounts and other tax avoidance strategies.
Your answer is fine too. If our lives weren’t limited, it’d have been more objectively-correct to invest everything. But enjoying the moment could be important too.