lottery- whats the minimum ££ win, you would quit job for?

paulbrighton2018

Taking into account current age, paying off any mortgage, laving a reasonable income for rest of your life (and inflation!)

MovingForwards

£500,000 would be enough to buy a place, pay debts off, get out the rat race and get a job working PT instead. I would welcome the work/life balance. Leaving enough money to retire early ie 55.

Not strictly what you asked but 'retiring' now would be too soon.

maisie_cat

I'd say enough to pay off the mortgage and debts if you have any. I'd then get a P/T job, for most of us the mortgage is the largest outgoing of >£1000 a month (in the south east anyway)

grannybiker

We'd calculated a sum using similar criteria.
Paying off own and children's mortgages / buying them a house.
Lumps sum to grandchildren (In Trust) and few favourite charities.
Salary for me and Mr GB for the next 10 years. (Could be longer if you're younger!)


We were quite surprised how low this figure was, so added a bot ore on for holiday/s of a lifetime.

lukgs7

Anything less than £1M is not worth quitting the job for me.

With ever increasing inflation, it is always safe to have extra extra savings.

mjm3346

The estimated £50,000 second prize is unlikely to be enough for anyone to give up all other forms of income so the jackpot (odds of over 45,000,000 to one) is the only actual lotto prize from the balls draw that would really be enough for most people.

(The £1,000,000 prize in the lotto raffle has odds of 7,000,000/14,000,000
to one upwards for Wed/Sat draws, the odds getting significantly longer as jackpots roll over)

atarisrocks

5 million as current live in London as 2 bed terrace houses are £500k around here and I'm only 3 miles into the M25.

That would be £1m for a house and £80k a year to live on if I lived to 80

KITTYKOMP

funnily enough, we were talking about this at work today. Think it was at least 2 million...

Marg2k8

As I'm close to retiring anyway, £500,000 would make me seriously consider, but as I don't buy a lottery ticket anyway, that's not a decision I will ever have to make.

jonesMUFCforever

I think for me anything over a quarter of a million and I would be off!

smitchy73

I think i'd be too bored if I gave up work, and while kids are still at school, keeping feet on the ground would be more important, but if I had to put a figure on it - £5m, in reality though if I won £1m it would be seriously worth considering, pay off mortgage, debts and a nice car, a few nice investments for later years/events.