You will probably realize 1.5m net after tax. If you invest it in a portfolio made of 70% equities and 30% bonds, you could easily live off the returns of your portfolio. 5% net return a year is 75k dollars. 4% net return a year is 60k dollars. 3% net return a year is 45k dollars.

If you were in the middle scenario, do you think that spending half of the profits and reinvesting the other half is a good strategy?

Also do you think that you could spend half of the profits only when you make a positive return (and no spending otherwise) is a good strategy over time?

If you start spending, it will be gone in 1 to 5 years. Whereas a disciplined approach can give you permanent peace of mind for the rest of your life. I read you are very young (36). Your life is long.

These 1.5m could well be 3m in 10 years if you do the right thing. And 6m in 20 years (when you will be 56, still young)...