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Comment by _ZeD_ | Hacker News Reader

You have 1M and is not enough?

$1m is not enough to retire on by itself. I have a large family and our expenses are around $100k/yr.

I want to stretch the $1m as long and as far as I possibly can. Looking for tips/suggestions on how I might do that.

https://www.bogleheads.org/ - this is a pretty good resource. While this is more of the journey to get to the point where you can retire, it would probably make sense to follow some of the advice above from a longer-term perspective, as you are aware you cannot retire off of the amount you currently have. The key to stretching it is reducing your living expenses obviously, and after taking a break finding some form of income to supplement what you already have. Moving somewhere cheaper tends to be top of the list, and could go well hand-in-hand with the taking a break bit.

I would be curious to see a breakdown of 100k of expenses.

The 100k/yr would be the first thing to look at.

Without a paid off home, it'd be a stretch depending on age. If you're willing to move to a lower cost of living area, you can get a pretty nice home and land for about $200k, let's say $250k. That leaves $750k to live off of after that (or you're paying a mortgage and keeping the full amount). If you can keep your expenses under $50k, that's 15 years ignoring earnings on the money.

You can get nice homes in the mid-West for $100k. In smaller cities, with low crime and good schools.

As a guy in mid 20s I can drain that in couple mos.

People who spend this much money on their own leisure are repulsive.

People who judge how others spend their hard earned money are repulsive.

People who $verb how others $verb their $noun are $adjective.

I love you.

A million dollars would save hundreds of lives if directed to the right people or causes. If you are spending that amount of money all on yourself and your comfort in a few months, you're a bad person. It's that simple.

easy does it ghandi

Yes and I'm comfortable with that. What's leisure for you might be passion for me.

An average SpaceX rocket launch costs over $50m and I'm telling you, if I got $49m more I would launch one for fun, then die broke with a smile on my face and a rocket emoji I pre-etched on my grave.

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