[littlecranky67]

If you don't have children to inherit your fortune to, you can retire with full exhaustion of capital - that will yield way more than 4k$/month. Plus, if you don't have children there is not much holding you in the US - you can look at 2nd world countries. I.e. That money buys you a good retirement lifestyle in Mexiko, Brazil, Argentina etc. Or Vietnam, Thailand etc. if you are more into asia.

[Qem]

> If you don't have children to inherit your fortune to, you can retire with full exhaustion of capital - that will yield way more than 4k$/month.

As a lone elderly person you're likely to be scammed and lose a lot of that capital near the end, without close people that like and support you. Elders are incredibly vulnerable to financial scams, specially those enabled by technologic means they are not familiar with.

[littlecranky67]

> As a lone elderly person you're likely to be scammed

That is just utter BS. Yes, it is usally the elderly who got scammed, but saying that because you are elderly you are likely to be scammed is reverse causation. Especially if you manage to accumulate 1.2m$ in your life, you are financially literate and far less likely to fall into a money scam.