“1.2 Million invested so that it returns 3% after inflation provides a return of $36,000 per year. That is hardly a retirement”
A decent brokerage account will get you 8-10%/year.
We’re already well into the longest bear market in history. Doesn’t anyone else factor in bear markets? There have been some long, long bear markets in history as well.
First, I said after inflation. Second, if you are going to put it into stocks you are taking a lot of risk, which maybe you don’t want to do if you are giving up working for a living.
Written like either a youngster who isn’t familiar with economic cycles, or someone working in the financial sales industry.