LarryMelman
Recycles dryer sheets
$3 Million on $20,000 a year .. are you kidding .. Just do it, and retire already.
It won't be $20,000 a year. I'll certainly spend more. Maybe a lot more. Health insurance alone will add at least $10K. Assuming that I can get health insurance for almost 10 years. That's a long time to rely on general political stability. What if I need to support my parents somehow.
Yes, 4% WR on $3M is 120K. 3% is 90K which will be way more than enough. But this isn't as easy as you make it out to be.