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How much interest can I earn on $1 million in 1 year? – To start with the theoretical answer, a $1 million savings account paying 5 percent would earn $50,000 a year. The nice thing about the way interest compounds is that if you left that interest in the account, it would then earn interest the following year, so that the account would produce $52,500 the following year.
Could you retire with 10 million dollar and live for 50 years. – Best Answer: I could live off 1 million for 50 years..guaranteed. Not in a 2 million dollar house though. I would be happy with a tent situated on a very size-able parcel of land in a warm environment. But to actually answer your question, "I" could retire with 10 million dollars and live for 50 years.
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Interest is money paid regularly at a particular rate for the use of money lent. In other words, interest is money paid to you for allowing others to use your money. How Much Interest Will I Earn On 1 million dollars? With what interest really is in mind, the question now is how much interest will I earn on 1 million dollars?
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