Could you retire on $1 Million?

No, Mumbai, India is very expensive. $1 million will only get me a 3-4BHK house

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.