Would you rather have a million pounds now or 5,000 pounds a month for the rest of your life?

Would you rather have a million pounds now or 5,000 pounds a month for the rest of your life? We've spoken about this before. 5,000 a month. Okay, let's take the guesswork out of this. I mean, I've done the maths right here for you. So let's say you've got a million pounds right now versus 5,000 pounds per month. If you get a 6% return every single year, that's 60,000 pounds out of this. 60,000 pounds per year is exactly what you're getting out of 5,000 pounds per month. So if you're getting more than 6% on average per year, the a million pounds will start to outpace that 5,000 pounds per month and be more mathematically optimal. Now, let's be more conservative. 4%. 4% rule is something that's taken when it comes to withdrawing money for a long period of time. But let's take it here in terms of returns. If you were to get 4% returns from a million pounds, as well as 4% returns from putting 5,000 pounds per month away, it would take 27 years for you to reach 2.9 million pounds, which is exactly what this would reach after 27 years as well. So basically, this number only catches up after 27 years. But I want to add one more thing to that, which is the worst ever 30 year return of the S&P 500, which currently stands at 7.8%. In other words, 7.8% outperforming not just 4%, but 6% per year. So based on historical averages and investing one of the most popular products of all time, the a million pounds mathematically will be more optimal. However, I do just want to add one thing. If you don't think you can be trusted with the a million pounds, then that is potentially a case for you to switch over to this one, which is a little bit more sensible. But if you don't think you can trust yourself with a million pounds given to you as a one off, who says that you can be trusted with 5,000 pounds a month? I'm just here to show you the maths.