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> With a $2m+ net worth you could move to 90% of the country, retire and live off of the interest. Not really for most scenarios. For someone who is single an
by jjav 2y ago
> With a $2m+ net worth you could move to 90% of the country, retire and live off of the interest.
Not really for most scenarios.
For someone who is single and has no kids and plans to stay that way forever and is happy to live a very simple lifestyle, perhaps. Anyone else, no.
You'd still need to buy a house even if you move to a real cheap area, so you don't have 2M in cash. Then, how are you paying for health care? Kids education?
- SkyPuncher 2y ago$500k buys a very nice house in many part of the country. Health insurance can be purchased from healthcare.gov in largely the same way home insurance works. $1.5M would get you $60k/year without ever touching your principal. That being said, waiting even a few years drastically changes the math into your favor. 5 years of a job, plus interest on your retirement fund could easily double it.