[gentleman11]

If you put it in an index mutual fund and ignore it for 10 years, you can possibly retire on it. Leave it in for 20 years and you can retire comfortably. In the meantime, you really only need to worry about not spending it. Even if there is a big recession, over the 20+ year time frame you’ll still be fine

Isn’t it great? If you grow up extremely poor, you have to work your whole life, especially since you can’t afford school at first. But if you just have money, you just need to not spend it and you’ll be a multi millionaire. Capitalism at work

[artdigital]

Assuming an average APR of 6% on S&P ETFs

(600000*6/100)*10 = an extra $360000 before tax. Probably not enough to retire on.

20 years is an extra $720000, let's say half goes away for tax that leaves $360000 + initial $600000 isn't even a million yet.

$1m might be enough to live off on, assuming a APR of 6% ppa, so $60,000 money influx just in interest, but it depends on your standard of living. If you're used to a $100k+ engineering salary, it's a downgrade.*

[gentleman11]

Like I said with the comment about poor people vs people with money, different people have vastly different expected retirements