Given low-interest rates and very high prices in both bonds and stocks, you could withdraw safely only about 3%, not the usual 5%. And that's not counting on an

Given low-interest rates and very high prices in both bonds and stocks, you could withdraw safely only about 3%, not the usual 5%. And that's not counting on any improvements in longevity over the next 30 years. You'll also have to deal with very high inflation rates in health care costs, which will dominate larger and larger chunks of your spending over the years in many countries - even those with free public healthcare. 3% of 1M is $30,000, before taxes on any investment gains. That's basically a little less or a little more than a minimum wage job, depending on where you live. Most likely both you and your spouse will need to live off of that. I don't think 1M is enough to retire in any manner of comfort. 2-3M would be a lot safer. And that's if you move to a cheaper locale and avoid any of the first-tier cities.