Sully

put the whole amount into something that yields about 12% return and make $60K a year (plus other monies coming in) and live off that, or keep working and increase the bank even more?

Qu!cksilva

If my bosses ideas come to fruition I will be able to retire in 5 years house paid for and a steady income of 100k a year...questio is will 100k a year be enouigh to live comfortably on in 5 years...

Sully

For me, I have no children or wife (wish I did though) and minimal expenses.

Qu!cksilva

Although I will take care of my folks as they get older.

Its just nice to be part of a company that after 5 years want us to have to ability to retire if we want...My boss is a great guy!!!
Also a great friend...but the 2 are kept seperate

blackfnTTruck

12% !!, let me in on that. Keep working, even part time, retirement is over rated.

Audiboy

retire in other places of the world.

coasTTal

I Know that one - Retire !!!! and move South

ZGTT

.5 mill? not enough. and 12% is on the Gauna email offer you received?

TTschwing

Sock it away, work some more, re-evaluate at a later date..

Europa

Plus, while you may be able to find investments that will 12%, none of these will be cash coupon, and you'll suffer reinvestment risk once you do liquidate.

I understand the theoretical exercise, but I can't imagine how you could live on so little for so long (30ish years?). Esp. since you won't be compounding, so you won't even keep up with inflation.