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. :)

There is the 4% rule, popular in the FIRE movement (Financially Independent, Retire Early). It is a rule of thumb of how much you can withdraw from your portfolio per year, taking into account future returns and a 30-year retirement horizon. So, roughly, will you get by with $40,000/year? If so... maybe you could? Even within the same country, if you live in a big city versus countryside the cost of living is vastly different. So your milage may vary.

No. Definitely not with a family in the US. I tried "retiring" for a year about 6 years ago, and living off the income of my digital products. I realized it is more exciting to be building.

If the 1 million dollars is in India. Yes with this amount you can retire here and live a comfortable life

Not sure. Depending upon your life style you might or might not. But If you can make some really awesome investments you might. But its a bit of luck TBH

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.

Not living in Singapore! No!

Absolutely no! I target to have much more to invest further in impact-driven projects, especially in the field of cultural heritage preservation.

You can if you know how to make that money grow.

In Germany you would have to live VERY frugally and/or be very lucky with your investments to retire on that money. That is, if you still expect to live for quite a few decades.

Depends on where, your life style, and age. But for an middle-class life style in any western country, that is more often that not a no.

No you can’t. Making your money grow isn’t retiring you still have to put effort to invest it

NO. Also, whether $1 million is enough for retirement depends on factors like your lifestyle, expenses, investment strategy, and inflation.

I thought I could but $1M is too little now, giving all the inflation is happening everywhere 😅

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

Nope, I've got two kids to put through university and help buy their first home *nervous laugh*

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

Depends on many factors such as location, lifestyle, family situation... In most cases, probably no, unless you can make some good investments with high compound interest...

No, it's boring not to work.

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.