I would take the $1M: with that money you can reinvest part of it in a diversified portfolio and in the real state market having money and an income. Also due

I would take the $1M: with that money you can reinvest part of it in a diversified portfolio and in the real state market having money and an income. Also due to inflation $5000 today might be worthless in 10 years, so it would take more than 16 years to get the same ammount of cash. Considering you retire at ~65 would be one more reason in favoring the $1M.