The "4% rule" [1] would recommend pulling out $40,000 each year if you had $1 million. This is the amount you can draw down each year without ever depleting the

The "4% rule" [1] would recommend pulling out $40,000 each year if you had $1 million. This is the amount you can draw down each year without ever depleting the $1 million. The theory is that after you draw down your $40k, the remaining $960k will grow enough to get you back to $1 million by next year's draw down. You can still live on $3,333/month, (especially since this person plans to keep working and there is likely some social security after age 67) but wanted to add some context. [1] https://www.marketwatch.com/story/the-4-rule-is-being-debated-again-but-heres-what-you-should-do-11636999447 https://www.marketwatch.com/story/the-4-rule-is-being-debate...