A conservative "safe withdrawal rate" is about 3.5%, so you need around $1.1M invested in index funds in order to have $40k income per year.
I'm living in Thailand, and $40k goes a long way. Many people would be happy with this lifestyle, but it's not quite enough for me, and I wouldn't want to spend the rest of my life here. I'd much rather have $80-100k and live somewhere like Toronto. But to each their own.
I'm living in Thailand, and $40k goes a long way. Many people would be happy with this lifestyle, but it's not quite enough for me, and I wouldn't want to spend the rest of my life here. I'd much rather have $80-100k and live somewhere like Toronto. But to each their own.