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Retire. $750K is $30K in passive income for the rest of your life (assuming you already have a residence).

Welcome to complete financial freedom to do whatever you want in life [0]. You don't necessarily need any more money to be happy [1], and the point of getting filthy rich is to attain freedom of time [2], which you can get if you just live cheaper [1 again. Seriously, read this].

So really, this question should be: what would you do with your life if you could do anything you wanted? That, I'm afraid, is a much more subjective and philosophical question that the margins of this comment are too small to contain a satisfactory answer to.

0. Unless you have substantial current debts. If so, pay those off first.

1. http://www.mrmoneymustache.com/2013/02/22/getting-rich-from-...

2. http://www.amazon.com/How-Get-Rich-Greatest-Entrepreneurs/dp...

Yeah, having 30k in passive income for the rest of my life would be a DREAM. I don't think I'd retire, but I'd certainly start doling out my skills to nonprofits for significantly reduced pay. I don't think I could live on $30k/year, but even if working for nonprofits only netted me another $20k/year total, I could live on that - and save them a significant amount of cash that they'd have otherwise had to pay.

Daily expenses in 10 years will be much more higher than now. 30K will deflate over the years.

I would buy a house, then put it to rent.

"You don’t know what sort of rollercoaster rides the economy will take your retirement savings on, and you also don’t know what rate of inflation will persist through your lifetime. Will a box of eggs cost $6.00 a dozen when you’re 65, or will it be closer to $60? How can we possibly know how much money we will need to live on in retirement?... Inflation eats 3% on average, leaving you with 4% to spend reliably, forever."

And then MMM goes on to mathematically justify that 4% number: http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need...

As you suggest inflation would significantly reduce your available buying power.

That said I'd guess you could live pretty cheaply if you owned your house outright and were frugal.

You can have a house for renting. There's all kind of renting options, some of them are more economic viable, for example, tourist renting gives you a lot more money than permanent one and you can make for a decent living even buy a new house if you do it well, but of course, this only happens if you are in a popular tourist destination.

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