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Board 8 > Could you retire on $1,000,000?

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red sox 777
09/26/20 9:07:54 PM
#1:


Could you retire on $1,000,000?


Same as before - you don't have to maintain your current lifestyle or your area of residence unless you want to. Could you retire if you get an extra $1,000,000 (tax free) dropped into your bank account tomorrow?

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Turducken
09/26/20 9:13:06 PM
#2:


Could you stop making these topics for $1,000,000 (tax free)?
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SantaRPidgey
09/26/20 9:15:38 PM
#3:


1 mil is pretty close to the total money I will make over the rest of my career until retirement so I gosh damn hope so

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wird
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Menji
09/26/20 9:33:31 PM
#4:


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banananor
09/26/20 9:42:59 PM
#5:


On the condition that this is plus one million, and not just net worth == 1 million, definitely

Slap all that money into the s&p 500, live off 5% per year, and theoretically your net worth should keep up with inflation

50k/ year including paying for rent, food, health insurance, etc should be doable

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red13n
09/26/20 9:55:37 PM
#6:


Could live more than comfortably on this one.

And yes, assuming these numbers are cash in the bank.

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Uglyface2
09/27/20 6:31:02 PM
#7:


Probably not. I have health issues that might eat into the principal, and over the years I might go broke. Better to keep working with benefits.
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