I would say absolutely. You should be able to take over 5% of the total and never dip into the principal. You might be able to take 7-8% even. But it depends on

I would say absolutely. You should be able to take over 5% of the total and never dip into the principal. You might be able to take 7-8% even. But it depends on your cost of living which can vary widely. Not owning your own home yet means rent, and that is usually the most expensive part. If you owned your own home with $1 mil then you should be set. But you want to do more research, so I suggest https://www.getrichslowly.org/ https://www.getrichslowly.org/, https://www.daveramsey.com/ https://www.daveramsey.com/, and https://www.mrmoneymustache.com/blog/ https://www.mrmoneymustache.com/blog/. These are all financially conservative resources.