I hate correcting you on this but this is actually also not entirely accurate and I've seen it time and time repeated here. It's actually 1,000,000 over 40 years OR the present cash value of said 40 year annuity. Similar to the lottery, I would assume 99% folks take the lump sum which is generally half of the amount then you pay taxes on that so assume between 250K and 300K after all is said and done. Not 1 million dollars but ain't nobody taking an annual paycheck either. Just wanted to clear that up.