With a million you could invest in most things I'm sure. I don't know how much Walmart or Raytheon stock is but still a lot of those things are still gambles if you're counting on them for the rest of your life. Walmart is a power house but anything could happen in the coming decades to crash even them. The military industrial complex is less likely for sure but even then you never know. Of course that 5% is all profit and if you need to sell you can get everything back say in 30 years and have more money than if you took my advice most likely. But you also won't own a house or any assets. I just think there are other ways to turn the million into more money per year. Or just buy a house and live comfortably for the rest of your life. Really either option isn't a bad decision. Blowing all of it is a bad decision.