I am not sure, give me 3% and let me live on it and I will let you know. Just to have an accurate test, I need to do live with the 3% for at least 10 years to get an accurate reading of the test before I file my official report.
Could you live off of 3% of a million dollars each year?
I could live very well and enjoy doing some things like travel. I could afford a new car. My car is a 96. I could afford a new RV trailer to live in. My trailer is and 88 and is starting to come apart at the seems. I live on way less than $1000/mo! I would like to challenge obamaSS to live for a year like and on what I do. I am just one step away from living under a bridge and I am 72 soon to be 73. I hope I can work a few more years.
3% of 1 million is $90,000 per year so i'd say, yes you can.
