Question

Can You Retire on a Million Dollars?

Answer 1

I would

Answer 2

Straight cash no interest or investment? no, not comfortably. That's only $20,000 for 50 years can you imagine how little 20,000 is going to be worth in 10 years? Id say that unless you did it today, at age 65 you could not.

Answer 3

It really does depend on your age. If you retire at 65 as my husband will ( in a year and a half) we will have more than that. With his 401K, his retirement salary from his Fortune 500 company, his social security and our other investments we will have more than that. Our home is paid so there will be no house payment. Yep we should be in good shape. There is something to be said for staying with the same great company for 42 years.

Answer 4

Yes, I could because I would make that money double, triple or quadruple!

Answer 5

Considering I currently get by on about fifty bucks a week, yeah. Pretty sure I could.

Answer 6

But out of US

Answer 7

Depending on how long I live in retirement.

Answer 8

Easily.....

Answer 9

Absolutely.

Answer 10

If you plan it well, yes.

Answer 11

No

Answer 12

Yes.

Answer 13

I think it would make a terribly uncomfortable mattress!

Answer 14

Nice one...

Answer 15

Thank Ya Thank Ya. I have my moments.

Answer 16

Since I retired on nothing, I guess I could do it on a million dollars. LOL!

Answer 17

Indubitably...

Answer 18

If was single, yes. Since I have a large family, no.

Answer 19

yes I could.

Answer 20

At my age I could live quite well on it.

Answer 21

Yes, give the million and I will turn it into 2M.

Answer 22

At my age, yes.

Answer 23

I think you can retire on a lot less....

Answer 24

Depends on many factors, but, no, a person doesn't absolutely need lots of money to retire.

Answer 25

at this point in time? YES :)

Answer 26

probably not,because I would share with the have nots.Im not happy with money when someone else has nothing.

Answer 27

Depends on where you'd like to live though...

Answer 28

Depends on what age I retire at.

Answer 29

I'm 24 and I enjoy spending money.. so it wouldn't be enough to live on forever.. but I could start something good with it :)

Answer 30

If you live very judiciously.

Answer 31

Today, NO but a **** of a start.

Answer 32

Sure could.

Answer 33

You would need to live frugally but 1 million could sustain you from a very long time.

Answer 34

I'd like to try

Answer 35

If done correctly.

Answer 36

"GIVE IT AGO"