Can you retire on 1 million USD?
>>61952185Give it to me and I am gonna tell you
>>61952185You can color in the pepe at least
>>61952185yeah poors in america do it all the time
>>61952185Depends on how old you are.
>>61952185Depends on where, in West Virginia you can retire on $100k. In Manhattan, you need to be a Billionaire.
>>61952185In a third world shit hole sure.
>>61952473On a 4% SWR that is 40K. You can live in Tokyo or a lesser city in Japan. You can live good in most of the world except big major cities in western countries. (NYC, Central London, Oslo, Zurich)
I am going to give a non-meme answer.If your mortgage+home insurance+property tax is less than 1k a month, you can. If you are renting, don't even think about it
>>61952185Can I? Yes.Can you? No, you're stupid.
>>61952185I live like a king off 2k a month in Vietnam with 600k investments that even grew over the last 5 years.Americans are just somehow drilled to assume that one can never retire and you need 10 billion to afford rice and beans.More beaches and bitches for me, I guess.
>>6195218510k is life changing money
You can't even fill your car with gas on 1million USD
>>61952450100k will not last a long time considering the price of food and inflation. if you want to retire living in a shack with no power and eating rice until you die young, then yes you can retire.
Assuming a paid off house, probably. HYSA interest would be about $30-40k per year, which would be about $2-3k per month after taxes, and if you don’t have a house payment and are in relatively good health that’s a reasonable amount of spending money.
>>61952185Yes. In a place like west virginia absolutely
>>61952185Easily in South America which is my plan.
>>61956265Whereabouts exactly in south america, mr adolf?
>>61956360Bolivia
>>61952185It wouldn't be very fun but yes. Ideally you want 2.5 since that gets you up to 100k gross off of interest even in a bad year and then you would have a really comfy life in an economically depressed but not total shithole part of the world. The only problem is that's a six figure income that you saved the majority of for 50 years to attain. Might as well just gamble your nuts off on shitcoins and speculation and keep working until one hits.
>>61952185imo probably not. depends what happens with all the gov debt in the asset market. i kinda think however the debt situation goes, we will have to see relative assets depreciation and currency inflation. it'll be harder to save money in general. the idea of owning a lot of purchasing power is ultimately an abstract, socially agreed upon construct that may not survive the brutal reality of whatever austerity measures we end up in. people will be more dependent on their real value to society however it could also go the other way and we continue boomernomics and the whole economy continues to be fake and gay forever, and your 1 million will be worth 1000 gazillion in 50 years simply because you got on the bus early enough
