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I'd probably have similar plans to what I have now. I'd just be less worried about things not working out. Spend my time studying, learning languages, visiting different cultures. Trying to find happier abroad, a good career and a good wife. I'd find ways to invest that money and watch it grow. I've got another 50-60 years left, so how do I want to use my time? Who do I want to spend it with? Money is just a tool for that. The goal remains the same.
First, I would take part of the money to take a nice vacation some place (either in Europe, Dubai, or Brazil). Then as for the rest of the money find a way to live off the interest and move to a low-cost of living and warm year-round country with some nice beaches such as Panama or the Philippines (and possibly marry a hot looking, young woman).