3 ms·
A rule of thumb (from trinity study) is you need a lump sum of 25x yearly expenses to retire and live off investment income. So with 1M you'd have a $40k/y budg
by quantumofalpha 6y ago
A rule of thumb (from trinity study) is you need a lump sum of 25x yearly expenses to retire and live off investment income. So with 1M you'd have a $40k/y budget. It can be enough (a lot of people in the world live on much less than that), it can be a stretch - depends on your personal situation, lifestyle, location, etc.