That's assuming you make 1mil a year...lol.
I laugh at how many people prefer to 'live life', so they choose less money. Now take a look at that choice:
You would be working more, this work would and probably will cause you stress everyday or month, to make the money you could have made by even taking 5million, you'd have to work two jobs or one job that takes up most of your time. This leaves you with little time for family, less time for 'fun and enjoying life' as you're too busy working to get that money saved up. You're more prune to debts if you aren't sure how much money you'll have, so you'd have to pay those off too even after you're done working for what will probably be 30 or more years.
So, I ask, how can you 'live life to the fullest' when you're working all day, stressed out, and low on money so you can't buy the ones you love some nice presents at Christmas?
I'd take 10m, bank it, live of the interest and always spend time with my family, make sure the ones I love can live a life where they can go to any school they wish, do any sport they wish, because I'll always be able to afford their dreams, and die at the age of 65 to see my children grow up and live many years with the ones I love.
Those extra 10 years are not worth the amount of neglect you'd have to show your family to work so hard that you make 10m.