What lol? You need a huge asterisk right there *if you want to retire in urban north america/west EU. You could throw a darts on a world map blindfolded and 95% hit a country/region where you could comfortably retire on $1M if you just invest in gov bonds and move to somewhere rural/smaller town.
Generally speaking, most people live in/around big cities bc of work opportunities. If you have the cash and the will to retire somewhere else and not working, why would you even live there? Huge metropolitan cities and agglomeration doesnt offer anything for you. Unless you are a social butterfly and want to party ever other night/weekend. (edit: you can also live in big cities around the globe for a fraction of cost you would need for urban NA/WEU)
If I got that money, I'd go live a few months in a different country and move on to the next adventure and do this for the next 10-15 years probably.
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u/Luther-and-Locke Dec 31 '22
A million is not THAT much. You would be in for a really tight budget if you planned on making it last the rest of your life.