With only a million dollars? At what age, in what country/state, and at what withdrawal rate?

"Experts" in the US often say about 20 years at a $40,000/yr withdrawal rate. Withdraw more, or enter a recession, or require more time, and a million dollars isn't enough.

In Malaysia, a million dollars will buy you a mansion, provided you don't spend it on anything else. A million dollars is far higher than the standard retirement savings.

Actually, just living off say, 3% interest, and withdrawing $2000/month, you'd get a luxurious lifestyle here. It'll cover health insurance, bills, rent, a mid range car, eating at restaurants every day, plus a little extra to buy some nice toys.

Portugal. 4% SWR (tolerating dips to 3.5% occasionally). Once you're old enough to collect Social Security (if US centric), you can tolerate a bit more drawdown or market vol (or lower your annual WR) with the additional monthly benefit. D7 visa requires only ~9k EUR/year in passive income for the lead applicant, a bit more for each additional adult or child on the application. Universal healthcare system buffers you against medical tail risk wiping out your assets. Non Habitual Resident tax status is favorable to this level of wealth.

(not investing advice, see https://www.reddit.com/r/ExpatFIRE/ for more info or other leanFIRE locations)

I'm in the UK.

40 years old. A million pound would last me the rest of my life.

Assuming I earn ~£50k a year, lets say £35k a year after tax and deductions, for the next 20 years, that comes out at about £700,000 after tax income. I live comfortably right now off that.

That still leaves me £300k.

My outgoings are pretty small, and will be drastically smaller in 5 years or so when the mortgage is paid off.

If you give me a tax free million today, I would quit my job tomorrow, as that's more than I'll earn for the rest of my life.

That's not counting money I already have in savings too.

You're listening to experts that can't do math. 20 yrs x $40k is $800k. Did the other $200k vanish??

The strategy is to withdraw 4% of the original value per year perpetually, hoping that the principal holds value.

$1,000 / 20 = $50

Before age 66? Before 40? Where in the US could you retire on $1mil?

The "flyover" states.