The extraordinary Christmas draw envelops us in the excitement of the possibility of winning a large sum of money with the “Gordo”, even if the chances are one in 100,000. However, this will not prevent this December 22THE Lottery … Christmas makes us fantasize about the possible purchases and investments we could make with the price while we listen to the children of San Ildefonso recite the numbers and prices. In this sense, some people wonder if, by winning the first prize in the Christmas Lottery, they could retire without worries.
In this year’s draw, 2,772 million euros in nearly two thousand prizes, the “Gordo” being the most coveted, distributing 4 million euros per series. However, the lucky person, if he only had a tenth of it, would end up with approximately 328,000 euros After paying the corresponding taxes, 20% is taken by the Treasury.
Is it possible to retire if you win the Christmas Lottery Jackpot?
The truth is that the possibility of retiring with this price depends on several factors. A young person probably can’t retire with a tenth of the ‘Gordo’, but someone older might consider it. In this sense, calculating how long it takes to stop working involves taking into account the average expenditure per personwhich in 2024 amounted to around 13,626 euros, or 3.9% more than the previous one, according to data from the National Institute of Statistics and life expectancyis already 84 years old in Spain.
It must also be taken into account that the average gross monthly salary in 2024 was 2,385 euros per month, while the the median salary was 2,001.4 euros per month.
The money you would need to win the lottery to be able to retire
Taking into account all these data, in addition to factors such as future retirement pension or the evolution of inflation, a 55 year old it would be necessary to cover their complete needs for 29 years. By multiplying the variables and subtracting from their average expenses the salary they would receive during all these years, with a tenth, a 55 year old person could retire since they would need 301,333.2. Of course, your financial needs must remain constant.
If the person was 25 years oldmeans that it must cover all your financial needs until the age of 59. In this case, It would take at least two tenths of Gordo to be able to consider this option.
The danger of spending too much
However, although the dream of winning the “Gordo” seems tempting, a study by the Universitat Oberta de Catalunya (UOC) revealed that approximately 70% of winners end up poorer after the first five years due to excessive waste.
Careful management of this money is essential, because although winning the “Gordo” of the Christmas Lottery is exciting, the amount obtained is derisory in comparison with other draws such as the Primitiva or the Euromillions.
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