How much would you need to win

[Jillybons]

As an aside to the other thread on lottery wins. I’d like to win 1.8 million.

1 million into pension so I never have to work again.

400k to family, friends and charity

300k to buy a lovely house and 100k to keep it that way (maintenance etc).

Other than that, I’d live off the interest (about 10k per year) and have a small part time job!

All figures out 😂

I have my heart set on an apartment in Central London, and a pad in the home counties where I'm from. Both would total £17m.

I'd then like maybe £200m to set up a chain of vegan restaurants.
Another £200m to tackle homelessness in this country.
And several billion to pay off have a chance of ousting the corrupt crony donor Tories.

And a million a year to travel.

Well, I'd want an income of about 50k so would need to invest 1m in rental property (I read that 5% is a realistic return after paying a mortgage, so I'm giving myself a fair bit of leeway).

Half a million would get a nice house in a particular area. 100k to each of our siblings and MiL and probably 100k on care annuity for my dad, so that's another million. 250k to each son.

So three million - call it 3.5 to ease my conscience with charitable giving.

Of course, if we stray into the realms of fantasy there's the 10m flat in London - those weird chunks opposite Hyde Park, or the slightly cheaper ones near Tower Bridge, or the St Pancras penthouse; or if we could work out decent security the church conversion off the Kings Road which has a pool and a garden as well . Would probably need to buy more rental property to pay for the upkeep...

And I did see a fabulous place in Northamptonshire that just needed an entire inside, total snip at 10m.

How much are Scottish islands these days?

Occasionally I wonder what it would cost to buy a tower block and sort out the cladding - get investment property and a reputation as a philanthropist

Well I wouldn't give up work because I love my job so I reckon 1mil would be plenty 👍

£250,000 would clear the mortgage and that would be lovely.

To give up my job, I will be winning £3m. Can’t wait 😊

£5m would be lovely.

Similar to pp, £1m in rental property for a secure min £50k annual income.

£1m in stocks and shares.

£1.5m spread between family and friends.

£600k (£200k each) for dc education/car/house deposit as needed.

£900k would sort dream house (including furnishing) and cars for us.

£500k for emergency savings.

Just realised that's £5.5m 😂

£100k would be fine, that's enough to build a decent house on my land.

I have a plan for regeneration in a former industrial community in Wales so I'd need a healthy amount. 20M maybe.

@123banana just on the coast somewhere. Maybe in the North U.K. or maybe in the sun somewhere like Portugal or Spain

Sounds doable then. I’m in the SE so would probably need a bit more!

Hm.
300k would clear the remainder of my mortgage and enable me to buy DP a house of his own so I could stay here with DC and not have to listen to him moaning and whinging all the time like he seems to have been doing since Easter.
A further 100k would enable me to quit work (very reluctantly as I love my work) for 5 years to home educate DC1 who has ASD and is not loving school
Plus 100k to round it off; this would enable me to put some money in trust for the DCs, as well as helping out 2 of my siblings.

My idea of a nice house is something that would cost millions ( think period property with high maintenance costs).

I would need to with about 10 million.

Family would get none as the ones I am close to actually don't need it.

I would keep £1mil aside for charity.

£1 mil each to be kept aside in trust funds for the DC for when they turn 25.

The rest would be invested to generate future income.

2.5 million. I would buy 10 buy to let properties outright at £150k each, and rent them out for £750 per month. 150k × 10 = 1.5 million. Plus 5k for stamp duty, 3k for survey, legal costs etc per property, takes total cost up to £1,580,000. Then spend £250,000 on my own place, plus 30k for fees and to redecorate etc. 150k each for my two best friends, 100k each for my dad and two siblings, which will leave 40k. 20k for an emergency fund and 20k to travel for a year.

Doing the hypothetical maths on my rental income...£750 × 10 × 12 = a gross yearly income of £90,000, or £60,890 after tax and national insurance. Take off £18,300 in total for letting agent management fees, which leaves £42,590 per year. Take off costs for EPC, electrical safety inspection, gas safety certificate, smoke and carbon monoxide alarms, insurance, tenant acquisition costs, which will come to about £320 per year per property. This leaves a profit of £39,390 per year, or £3282 per month.

Less than I initially thought, but I could live very nicely off that. I wouldn't change my car or buy fancy clothes etc. I wouldn't want any of my other friends to know that I'd won. Though this would be difficult as I would definitely quit my job and spend the first year or so travelling and then go back to uni to do a law degree.

I would like the jackpot. I would keep a few million and share the rest with family and friends. I’d keep working three days a week.

Like £150m or so... Lol. But if take anything really. I Dont think a million would last a life time.

I be raging when I Dont win, I've it all spent in my head lol

I wonder about this when I can’t sleep (like now). I want to know if I can take my dog travelling with me, on planes. And if so how much it will cost. That will inform how much I need to win. But I think around £10M would be good.

£450,000 is the amount I would earn between now and retirement (if wages don't change at all). So that's an amount I think about from time to time.

£3mill feels about right. Large chunks to family members to pay off mortgages and pay nursing home fees. A wedge in the bank. And some money to play with - I've always fancied being an Angel in the theatre because presumably you get very glamorous people sucking up to you massively, I would enjoy that.

I'd need a few million, preferably more.

My plan is to pick a lovely country, say Nicaragua, and buy a significant part their debt, say 10 million dollars. Then I write it off, earning the adulation of the people, retire there and drink rum and eat lobsters. In a hammock. On a beach. But because of my lovely present, I'm not a bastard.

I'd need a few hundred thousand walking around money. And a few more for travelling.

@MrsTerryPratchett I love your plan! Apart from the lobsters.

IKR. You can eat mangos and rice.

I’d like to win a huge amount (50+ million). I’d make sure we’re good to retire, take care of our families then put the rest to really good use either donating to charities or setting up foundations to help out causes that mean something to us.

I would want about 5 million

Give up work
Buy a nice little house
Sort out health issues - private medicine and physiotherapy
Invest some for pension
Live off savings interest

I’d settle for £1 million. This would pay the mortgage and the kids uni in the future. I’d never do a days work in my life again.

Maybe 500k

That would finish building our house and holiday lets with no mortgage and allow me to give up work (live off rental income)

I could also buy some more sheep and some nice cows who don't try to kill me

Put some aside for each DC as a house deposit - maybe 50k each

That's about 100k left for rainy day money (more sheep, new tractor, bigger digger) oh hell we need more money!

I'd be perfectly happy with 10 million. 5 so I never work again, 1 for an amazing house (I might not even need that tbh where we live), 1 for my parents, 1 in rental properties, half a mil in stocks and shares, half a mil for my future child & 1 travelling fund. Done 🤨

I wouldn't quit work altogether unless I won something like 10 million. I'm 30, could potentially live for another 50+ years and I'd want to give about a million to DS and some smaller sums to other family and friends.

If I won £1 million it wouldn't be enough to quit work but I could easily pay my mortgage off which is only another £55k. Then I'd put £300k away for DS for a future house. Probably divide up another £150k between family and friends. Then put the last £500k away for retirement. I'd still have to work full time until about age 50 then go part time.