With 2m instead properly you won’t have to work another day in your life, with 1m you won’t either but you might not be able to live in the buffet cities.
They said invested, not ‘put in a checking account and drawn down’. Even 5% returns would be 50k annually, which is already more than the median individual income. Actual return on the S&P 500 for the last 25 years has been around 8%.
With 2m instead properly you won’t have to work another day in your life, with 1m you won’t either but you might not be able to live in the buffet cities.
Give me 1m and I’m retiring tomorrow.
How old are you and where do you live that you think thats enough to retire comfortably?
They said invested, not ‘put in a checking account and drawn down’. Even 5% returns would be 50k annually, which is already more than the median individual income. Actual return on the S&P 500 for the last 25 years has been around 8%.
50k us is about what I make now and I’m in the suburbs.
Invested safely that’s what I would make with 1m, with 2m I’m having the time of my life.
I could have lived off that at any age as I’m currently making the most I’ve ever made by about 6k compared to my previous job…
Buffet cities? Every city I know has at least one buffet.
Cicis pizza cities only
Bigger, swipe typing does that sometimes 🤪