Pretty much any country. If you have $1m in assets you can simply stick it in a passive fund and earn more than the average wage in the highest earning countries. You can certainly live like a king in low cost countries.
30 years corresponds to the biggest boom in equities the world has ever seen. There is no guarantee it will continue, a 100% stock portfolio is very risky to live off of.
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.
Know many countries with a political entiry known as "The GOP" that likes to blame minorities for everything wrong in society?
Pretty much any country. If you have $1m in assets you can simply stick it in a passive fund and earn more than the average wage in the highest earning countries. You can certainly live like a king in low cost countries.
You’re either using nominal, not real, returns, or assuming that passive fund is taking on a lot of risk/recency bias.
If you had said $2 million, I’d say that’s closer to accurate, although there’s still a conversation to be had about risk vs return.
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.
30 years corresponds to the biggest boom in equities the world has ever seen. There is no guarantee it will continue, a 100% stock portfolio is very risky to live off of.
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.