$7.2 million in today's values is plenty for the Canadian fellow. Historical inf... | Hacker News

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		tosseraccount on Dec 11, 2015 \| parent \| context \| favorite \| on: A 1920s millionaire set off a race to have the mos... $7.2 million in today's values is plenty for the Canadian fellow. Historical inflation = 3% Historical stock market returns=11% 11-3=8 8 percent real return (inflation adjusted) on average per year. Let's say he plays it a little safe, let's call it 5% real return. That's $360K/year forever ... and ever. Sounds pretty easy to me finance wise. People get raised in big families on a lot less and do just fine.

celticninja on Dec 11, 2015 [–]

Only if you never spend any of the capital. I expect having 10 kids there are a number of costs and debts that woukd need to be repaid so the actual interest received would be less.

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