![]() Based on my research and my experience, you can expect to get the below rates for the respective investments. The question of ‘how much can a million dollars generate per year’ is a great one, but truthfully it’s not the easiest answer to give since there are so many investment options. ![]() If you were able to save up that heap of cash, how much interest would 1 million earn per year? ![]() What is the Interest on 1 Million Dollars Annually? Just over a year ago, you could have found savings rates of 1.5%-2.0%, but now that rates have dropped so much, you just can’t find that anymore. ![]() Not big money…but it’s better than nothing I suppose. This will produce between $5,000-$10,000 a year. To cut to the chase, banks will likely pay out 0.5%-1.0% on your million bucks. What kind of money will the bank pay out on a big chunk of cash? Another way of asking this question might be, “How much will I earn on $1 million in savings?”. How Much Do Banks Pay in Interest on $1 Million ? Then, once you get it, what do you do with a million dollars? How do you invest it? I asked him, “What are your plans for life after college?” He responded with something like, “I’m going to save up a million dollars as fast as I can, live on the interest, and do absolutely nothing after that….The only problem is how to save up that million dollars!” □ It begs the question…what is the interest on 1 million dollars? Is it actually a huge sum of money? Is it enough to retire on? I distinctly remember having a conversation with a friend in college.
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