Want to retire? Buy a single Bitcoin today.
you can't retire with only $1 million.
Not unless you move to a decent 3rd world country! Probably only downside is the crappy(or non-existent) healthcare. But other than that, almost everything's cheaper lol.
Now that got me triggered.
What is the standard to be called a third-world country, first-world country? or which country is included in a second-world country?
More than half a century ago, the Cold War was just starting. It was Western capitalism versus Soviet socialism.
The First World consisted of the U.S., Western Europe and their allies. The Second World was the so-called Communist Bloc: the Soviet Union, China, Cuba and friends. The remaining nations, which aligned with neither group, were assigned to the Third World.
The Third World has always had blurred lines. "Although the phrase was widely used, it was never clear whether it was a clear category of analysis, or simply a convenient and rather vague label for an imprecise collection of states in the second half of the 20th century and some of the common problems that they faced.
This 1-2-3 classification is now out of date, insulting and confusing. Who is to say which part of the world is "first"? And how can an affluent country like Saudi Arabia, neither Western nor communist, be part of the Third World? Plus, the Soviet Union doesn't even exist anymore.
source
Because I love Japan, the best country imho.
so, if you're googling: What's the Average Cost of Living in Japan/month?
The average living cost in Japan is 160,000 - 240,000 yen or around $1535 - $2303.
This includes rent, food, utilities, utility bills, dating, medical bills, and entertainment bills. Among them, rent for housing, food costs, and transportation are the largest amounts.
$1 million divided by $2300/month = 434 months or will be enough for 36 years.
conclusion = yes, you can't retire with only $1 Million,
unless you live in third-world country