Over the last 30 years the s&p with reinvested dividends has returned an average 9%, so fine, $90k off $1m assets.
Median wage in the USA is globally very high at just over $60k.
Median wage in the USA is globally very high at just over $60k.
4% is the generally accepted safe withdrawal rate (inflation adjusted) from a portfolio for 30 years holding a mix of bond funds and equities. If you’re trying to live off of it for 50-60 years, 3-3.5% is the recommendation.