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can 1 million dollars last a lifetime

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Becoming a millionaire will no longer make you wealthy.

Can money buy happiness? Last year, both Forbes magazine and The Wall Street Journal researched this question. Their conclusions were, well, inconclusive.

“Well, maybe,” Forbes said.

“It’s true to some extent,” the Journal said.

Here’s the problem: How much money do you need to be happy? To be more specific, how much do you need to stop working? Earlier this year, the staffing firm AccounTemps asked employees what they would do “if you were to suddenly strike it rich.” Only 23 percent would quit their job, while 36 percent would stay put.

Of course, “strike it rich” means different things to different people. Let’s take a graphic look at “becoming a millionaire”…

how long does $1 million last infographic

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Meet the Author

Michael Koretzky

Michael Koretzky

Editor

Koretzky is a PFE-certified debt management professional and the editor of Debt.com.

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