$10M sounds infinite to some people. Until you have a family and you try to deploy it in a tier-1 city: Family of four lands in NYC with exactly $10M. Buys a normal 3BR on the Upper East Side - $6.5M. They now have $3.5M. Two kids at Dalton: $140K/year. Nanny + housekeeping + groceries + insurance: ~$120K. Family travels reasonably (no jet, just business class twice a year): $80K. That’s $340K/year burn. Their $3.5M at 4% generates $140K. They’re $200K underwater annually, drawing principal. By year 8 they’re broke and the apartment is the entire net worth. One divorce, one unexpected lawsuit, one bad health year, one school they didn’t budget, etc and they are one step away from poverty. You guys think like single 20 year olds and have no idea the kind of challenges that will come your way. You think it’s retarded but you will eventually understand.