You could make an argument that’s a big gamble if you’re expecting to use up the principal at all. So, 10x what you use in a typical year would be an absolute minimum, and that would involve an aggressive portfolio that you run down when the market is bad and earn back later. 20x or 30x would be more comfortable, especially if there’s a chance you’re going to spend more than you did when working.
A bit of a hack people do make work is moving to a poor country where costs of living are lower. Then the question is how much lower can you actually get it, which is both about your personality and interests and how poor a place you’re willing to consider. Obviously, you can make $2 a day work, if you eat only corn and squat all day under a piece of aluminum. On the other hand, if you want to live the exact same way as at home down to brands, far afield can end up more expensive.
You could make an argument that’s a big gamble if you’re expecting to use up the principal at all. So, 10x what you use in a typical year would be an absolute minimum, and that would involve an aggressive portfolio that you run down when the market is bad and earn back later. 20x or 30x would be more comfortable, especially if there’s a chance you’re going to spend more than you did when working.
A bit of a hack people do make work is moving to a poor country where costs of living are lower. Then the question is how much lower can you actually get it, which is both about your personality and interests and how poor a place you’re willing to consider. Obviously, you can make $2 a day work, if you eat only corn and squat all day under a piece of aluminum. On the other hand, if you want to live the exact same way as at home down to brands, far afield can end up more expensive.