If you get 3%-5% anually on that 1 million you could actually live okay-ish in most of the world. But, this is not counting housing. Even in Slovenia, a small country in Europe where I live $1m won't get you much unless you want to live in some village.
Bottom line, yes but I would rather keep working till $5m+ then I can think about retiring, if I want to do it or not.
100% - One nice house with some land in the countryside anywhere in Europe to live in (500k)
2 small flats in mid-sized cities in Europe - live off the rent
@emmanuelonuoha it's all down to plan & location.
A Milli is also easily squandered in a few years if you live recklessly in any major city.
Could probs squander it in 2 years in NY haha
@emmanuelonuoha You are right!
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I won't. While monetary benefits are just one way of seeing work, I just love working. And I don't think I'll be happy without doing what I love. So retirement isn't my cup of coffee. :)
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