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Originally Posted by czarina
the interest depends on how much money you have. With 500K you may get 2% in US. But if you have 1Million you can negotiate that % and get it up to may be 3%.
Now, how much do you need to live comfortably? and, did you calculate medical expenses in that amount?
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2%? it's fairly easy to find 4%+, if you shop around you can buy some bonds or other low risk investements at rates 6-7% So even with only 2 million, you get 120-140k per year, which is more than enough to live quite comfortable life. If you are willing to take on some risk, you can probably achieve similar spending income but with only ~1.5 million.