Not financial, tax, investment, or legal advice. This calculator is for general information and entertainment only. The figures are estimates from simplified assumptions about longevity, taxes, and returns — they are not a prediction and may not match your situation. Always consult a qualified financial, tax, or legal professional before making any decision.
Present value vs. discount rate
The lifetime payments are worth less as your discount rate rises. Where they cross the cash line is the break-even rate.
Millionaire For Life pays the top prize as $1,000,000 a year for life — here we model that as one payment now plus one each year until your life expectancy. We tax every payment and the lump sum at the combined rate and discount future payments to today's dollars. These are estimates for general information only and are not financial, tax, investment, or legal advice. Real tax brackets, state rules, longevity, and investment returns vary, and the figures may be inaccurate — do not rely on this tool to make any decision. Consult a licensed financial or tax professional about your specific situation.