https://thisecommercelife.com/blogs/comics/the-day-all-billionaires-died
I'm sure it's annoying for some to click offsite, but it's 20 panels long. IMO worth the read, though!
this post was submitted on 13 Oct 2026
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I understand compound interest very well, and your interest can't compound if you're constantly drawing on the principal. You'd need a job to offset expenses until your investments had time to mature, especially if your returns were at 3%.
Your premise was that $1m at 3% return was enough to live your whole life on and that's just a fantasy unless you intend to die very young or live very poorly; and alone.
So you can't live off 2500 a month? Where the hell do you live 🤣, and using up the money during your life you could get more out per month and not be buried with 1 million, but for that you have to calculate things, which you do not seem to be able to do.
I mean show me the numbers.
You're neglecting capital gains tax off top, it's 2125 a month. Rent where I reside is roughly $1800 for a 1br. That leaves $325 for literally everything else you need. Health insurance will be a minimum of $400. Need a car? Let's call that another $300 for insurance and gas, maintenance would obviously increase this. Food could be as low as $200 if you skip meat entirely and basically stick to rice and beans. Utilities $200. You're gonna need clothes too, there's another $50. Need to see the doctor? Oh boy, good luck. This omits the majority of incidental expenses too, which add up real fast.
Now you've well exceeded your interest, hence no compounding interest; in fact your principal is dwindling meaning less interest and more drawing from principal going forward.
Have a kid? Unexpected chronic medical issue? There's another chunk. You could realistically stretch it for decades, especially if (like I said yesterday) you lived outside of a city. In a low COL country it could last a lifetime, but that's not the scenario you were responding to.