Quote from: jonald_fyookball on October 31, 2015, 04:04:30 PM

Quote from: cohnhead on October 31, 2015, 01:29:21 PM

Quote from: gentlemand on October 31, 2015, 01:06:32 PM

Quote from: zimmah on October 31, 2015, 12:27:47 PM

Seriously in what 3rd world country do you live that you can get anywhere with less than 1 million dollars?

Even $1,000,000 isn't a lot of money anymore these days.

That's a figure that deserves a little more respect than you're giving it. The majority of people wherever they are will never, ever have access to anywhere near that amount in their entire lives.

In my own first world country that would be enough to buy a modest wee house and 2-3 others to provide a low income.

lol...its not a lot.... just ask the Donald....life wasn't so easy for him. He had to start with only $1,000,000 loan from his dad. That he had to pay back. The horror.
seriously though, 1 million is an astounding amount of money anywhere even in USA. just interest alone on that amount would give you income greater than over 60% of the us population....just the interest.

You cant get much more than one percent without risk today. That s only $10,000 a year.

1m is not outstanding anymore, sorry to say. You need about 3m to retire comfortably in the usa.

Certainly risk appetite would affect your rate of return. Bank and CD's ...have little or no risk and maybe yield 1% return. But for a modicum of risk you certainly can find a bunch of blue chip stocks that will yield 4-6%.

Most people in the US retire with nothing other than social security so I guess most aren't even living comfortably.