that's $1.3M USD. assuming that is after tax I could (with my likely to come inherited wealth) live in leisure for the rest of my life. I could lock literally $1.2M+ in a trust or mutual fund of sorts and get 4% interest in the lowest risk investments. that's $48k/yr.
of course less after inflation.
Where are you getting 4% a year returns on low risk investments?
Time to buy real estate (an NOI of 4% for something in a solid neighborhood is now quite doable). Heck I am getting very close to 3% on my quite expensive house in Silverlake that I plan to retire to (expensive houses don't make very good rentals). The real return on low risk investment like short bonds is negative at the moment actually. A good rule of thumb to project the expected real rate of return outside the real estate game, where the numbers bounce around, is to look at the dividend yield on stocks, currently at about 2%, and of course TIPS, which have a negative inflation adjusted yield.