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Old 10-22-2014, 04:13 PM
 
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For me, 5 mil net. You could comfortably live off of the interest and make pretty big investments without ever touching the capital.
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Old 10-23-2014, 09:35 AM
 
Location: MO->MI->CA->TX->MA
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I can retire early and raise a family on $2 million comfortably if I move to a rural area. Bad schools? Hell, I'd homeschool the kids with all that free time!
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Old 10-23-2014, 10:20 AM
 
Location: Orlando
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Quote:
Originally Posted by zoomzoom3 View Post

If we're talking outside the US such as Belize, Thailand, Ecuador, etc. $1,000,000 will do.
Unless your 60 I don't think so, if you still want a standard of living... Plus you better make sure you know the language really well, Thai's love to negotiate and take advantage of outsiders. You also can't buy land unless your a citizen and they don't allow dual citizenship (Unless things changed). The $6,000,000 (after any taxes) I would need to retire in the US, would be same for Thailand.

I only know what my grandmother tells me, plus some research... But it seems like you will save in some areas (food, medical, clothing, labor) but will pay more for luxuries (nice housing, cars, security). A car is something I don't feel I need in downtown Orlando, but Thailand's public transport can be disgusting and I'm not willing to ride a bike there.

Cape Town (South Africa) also interest me, but still seems pretty pricey.

Edit: I should note, I think the bus that runs along 50 towards Valencia and UCF is disgusting in the evening.

Edit 2: Just did a Google search and apparently you can get a dual citizenship, I may pursue this.
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Old 10-23-2014, 11:29 AM
 
Location: West Orange, NJ
12,546 posts, read 21,411,876 times
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about $3.75M. conservative investments with a avg return of 6% would yield $220K/yr, which is about what I'd like to be taking every year. more would be nice, less would be feasible with adjustments.
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