You'd have to be very careful at current interest rates.
Even at 5% it's only about £30k a year in interest.
( Kroney, Mon 18 Jul 2011, 14:56, 3 replies, latest was 15 years ago)

Most hedge funds will double that rate.

(PsychoChomp, Mon 18 Jul 2011, 14:57, Reply)

most hedge funds can be outperformed by a chimp picking at random.

( The Light in Chains don't touch the Pope's boner, Mon 18 Jul 2011, 14:58, Reply)

I just mean that having a million isn't necessarily the retirement fund it used to be.

( Kroney, Mon 18 Jul 2011, 15:02, Reply)

It wouldn't allow you to stop working
but it would make you're life pretty damned cushty compared to most people.

Obviously I mean most people that you or I know, not most people that swipey knows.
(Bazongaloid, Mon 18 Jul 2011, 15:04, Reply)

With a million, I'd probably just use it to supplement my income
rather than replace it.
( Kroney, Mon 18 Jul 2011, 15:06, Reply)

Indeed
Still it'd be great for setting yourself up with a house or two, and you can make money from renting the second.
( Labia Majora You keep on talking but it makes no sense at all, Mon 18 Jul 2011, 14:57, Reply)

Even without any interest
you could happily take 30K a year from that and it would last you another 30 years.
(Bazongaloid, Mon 18 Jul 2011, 14:59, Reply)