Can you retire off of $1million easily?

[NL5]

Originally posted by: dullard

Originally posted by: xirtam
I don't see why not. Proper investing should yield at least 10%, so that's 100k a year off the investment. But even at half that, I think most people can live off 50 grand a year.

Those same proper investing techniques will also go through down years that return little or nothing. Living solely off of investment interest is a difficult thing to do. People have a tendancy to think "hey I have a million in investments, I can buy this one little thing". The pattern continues and often people go bankrupt trying to live off of investment interest only.

Yes $100k a year will give you a comfortable living in many areas. Other places, you'll be hard pressed to get a house with that and any sort of decent lifestyle. Especially when you consider taxes.