I will give you a real example
It was not won , but the culmination of 50 years of marriage, a family working together, and an inflated real estate market.
So about a year ago , My mom sold the family business, a 10 suit apt, and house in the in a rapidly growing community. We had been there for forty years, and built the business up from scratch, Dad died and we all wanted to move on.
t sold for over !.2 million , and we were out of there , She bought a house $350,000. Gave her two kids ( now in there 50's $100,000 each, and settled down to enjoy what was remaining of her life hopeful another 10 or more years.
Of course then there was the capital gains tax , $180,000, , and a new car ,$20,000. and some other things she wanted.
She put the rest, about $400,000 . in a GIC at %3.5 and %4 .. and made her self another. $20,000 for the year,
So that is a real story of what 1 million dollars gets you.