You wish to convert your 2million to a lifetime annuity which will provide you with a monthly payment for the rest of your life. You wish this payment to being one month after you fund your annuity. Annuity products are paying interest at 3% per year.
With your age and gender life remaining is 18 years and 4 months.
Assuming that inflation will be 3%/ year over your working life, what is the value of your monthly payment in today's dollars?