Could you retire on $1 Million?

$1M is where you can start scaling, but not to retire!

Are we talking about 1m liquid with no other assets (liquid or otherwise). Presume no other assets are in play and we've got a way to make 4-8% a year (market is stable and you're diversified enough) Take home pre tax: 40-80k After Tax/ take home (Vancouver BC) 30k - 58k No kids / partner / dependants in this scenario Rent (average): 2300/month = $27600 Food: 500/month = 6k = $33600 already In a bad market year you'll be dipping into that principle / making next year a little harder. I guess it depends on your run rate and how long you anticipate living but I don't see it as a sustainable retirement plan if you're retiring early.