Invest that, at safe withdrawal of 4%, that’s only 40k/year. I live in SF, and making less than $105k/year is considered low income (according to California’s Department of Housing and Community Development). So yeah it’s a nice boost to savings, but you can’t stop working.
In the US as a whole, 27% of the population already lives on less than $40k a year—they probably wouldn't stop working but they could! The median income for a black person in the US is $48k/yr [0]. Where I live, $40k a year would be enough to take someone from median income to 80th percentile in a single event.
If you don't think $40k/year is very much money, maybe take a pause to consider how lucky you are.
[0] https://www.census.gov/content/dam/Census/library/publicatio...
For most people, yes even in 1st world countries, outside of FAANG its not about deciding whether or not one would have to continue wageslaving to mantain an SF lifestyle, property and trips to Cancun,
It is in the U.S. too, we just struggle to acknowledge it because then we would also have to start asking hard questions about how Europeans have that average salary but also universal health care, public transportation, and a social safety net.
I really don't want to be mean, really, but for most people that wouldn't be just a 'boost' for saving, that would lift tremendous financial stress about the future.
At one point in my life I had a financial windfall that was many, many time less than a million, and yet it resulted in me not living month-to-month, and be able to for example buy a new computer if needed, within worring about rent and eating pasta for months.
Yeah I know some of you reading this will have much more, but I personally, can't fathom doing it just once, imagine, just for a days work.