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0 pointsTurskarama2y ago0 comments

A 4% return (which is pretty easy to get, even after tax) on $1 million nets you $40k per year.

It's not a lot of money, but you could live off it if you were frugal.

0 comments

iancmceachern2y ago

Especially if you own your home and things like vehicles.

(Reminder that the median income in the US is $44k a year). So lots and lots of people make that work...

uoaei2y ago

I think you have no idea what it costs to live in most parts of the world.

RajT882y ago

$40k USD is a fine amount of live off of is you are living in Carbondale, IL. But less so Chicago.

It's a pretty decent way to live in Belize or Costa Rica. Good luck in the UK. Germany, probably not, but Czech Republic may well be fine.

It depends on where you want to live. One of the factors which makes a huge difference is how old you are - the older you are the better healthcare you're going to need. Some of those low cost destinations don't have that great of healthcare - but some do!

TurskaramaOP2y ago

In most parts of the world? A lot less, but also in those parts of the world it's probably hard to get $1million in the first place.

iancmceachern2y ago

Indeed,but it's easy for a person to move around the globe these days. It's conceivable and even common for people to work their careers in a high cost part of the world and then retire in a low cost part. I.E. the entire state of Florida

layer82y ago

You can live rather comfortably at $40k per year in Europe.

99912y ago

Living off of investments means you’re less tied to geographies. And frugal means you choose among the cheaper locales.

j / k navigate · click thread line to collapse

0 comments

iancmceachern2y ago

Especially if you own your home and things like vehicles.

(Reminder that the median income in the US is $44k a year). So lots and lots of people make that work...

uoaei2y ago

I think you have no idea what it costs to live in most parts of the world.

RajT882y ago

$40k USD is a fine amount of live off of is you are living in Carbondale, IL. But less so Chicago.

It's a pretty decent way to live in Belize or Costa Rica. Good luck in the UK. Germany, probably not, but Czech Republic may well be fine.

TurskaramaOP2y ago

In most parts of the world? A lot less, but also in those parts of the world it's probably hard to get $1million in the first place.

iancmceachern2y ago

layer82y ago

You can live rather comfortably at $40k per year in Europe.

99912y ago

Living off of investments means you’re less tied to geographies. And frugal means you choose among the cheaper locales.

j / k navigate · click thread line to collapse