if I have $1M I don't want to be pinching pennies, that's what I feel I would do with just $1M handed to me. I'd def. attempt to never work again, but people are probably overestimating the return you can get on your money these days.

Now for those who will continue to work, $1M is probably great. With very good investing you might be able to quadruple it in 20 years.