In Orthodox Jewish law, there's actually a cap on how much charity you're supposed to give -- there's a minimum of ten percent, and a maximum of twenty percent. The logic is that you're not supposed to make yourself poor giving money to charity, because that doesn't help anyone, and that people have an obligation to financially support their families.

So, 200k to charity, and 800k invested, which would mean somewhere in the range of 40k a year, assuming relatively cautious investment. 40k a year actually is enough to retire on here. It would mean more trips back to the US for visits, and maybe we'd get a nicer apartment after a few years.

All in all, a cash free million would be rather nice indeed.