What Can a Million Dollars Buy You? $1 million in a diversified portfolio could help finance part of your retirement. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content The Junk Drawer Approach to Investing It's easy to let investments accumulate like old receipts in a junk drawer. Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.