> one might be spending $2500/month for a 1bd apartment. Even returns on $1m should comfortably cover that cost, without even any drawdown The number I've hist

> one might be spending $2500/month for a 1bd apartment. Even returns on $1m should comfortably cover that cost, without even any drawdown The number I've historically heard for "safe rate of withdrawal" is 4%, but a lot of people are saying 3% these days. 3% of $1M is $30k, which is exactly $2500/month * 12 months. My risk tolerance is too high to consider that to be comfortable. Another issue is that here in the states we don't have health care guaranteed by the government, and the likelihood that you'll have some kind of condition that incurs more costs increases as you get older (up to and including something like memory care, which is very expensive).