Originally Posted by
Bzzt
Finally here is something to consider for the OP. on average the money you have invested in the stock market doubles every 7 years. If you were to take the money you got from your inheritance and invest it while working at an engineering job (even aerospace if you truly love airplanes) you could easily scratch your flying itch with your own plane on the side. For argument's sake lets say your inheritance was 80k since that's what you'll be spending on your flight training, and let's say you would have spent 42 years in the career.
Years 1-6: 80,000
Years 7-13: 160,000
Years 14-20: 320,000
Years 21-27: 640,000
Years 28-34: 1,280,000
Years 35-41: 2,560,000
I'm not sure where you got your mickey mouse numbers from.
Based on the average long term stock market return (9.4%) and long term annual inflation (3.22%) a 42 year span would be worth $935065. This is assuming that you don't take a massive hit to your investments during a bear market. Over a 42 years that would be equivalent to earning $20359/year.