I've always thought if I could win 1 million after taxes in the TN Lottery I could retire. You simply live off part of the interest. Most mutual funds earn 5+ percent each year. so if you take that amount (around 50k) you'll never touch the interest. My plan has yet to come to fruition, however there are 6 Tennessee Billionaires that have made it to the Forbes list of "Richest Americans"!
6 Tennessee billionaires make Forbes list!