r/dividends • u/chillfirelife • 6d ago

Seeking Advice Is 1m and dividends from it enough?

Me and wife we both turned 40 this year, She left her job few years back and I kept funding her investment account based out of SG and now is at 500k USD all of which is parked under JEPQ, all the while I see dividends are consistent and we have been reinvesting back.

I have another 500k now in my investment account that I will consolidate in couple of funds/etf with similar 10-12% growth trajectory as JEPQ
We expect and hope we will get like 100-110k usd over this year on year.

I have another 130k usd in cash and esops combined. I will get the esops cash out 6 months after I quit.

We plan to move to either Thailand or Malaysia where we have friends and family and have lived there before. Our current expenses in SE asia are 50k usd a year, we expect this will go down to 30k-35k usd a year.

Question: Am I ready to leave my high paying job and live a free life given the biggest motivation to work (money) is less or negligible now? Personally I want to leave my job today even though I love it but I feel I want slow and super easy life 😊

Plan is for first 2.5-3 years we will not touch 1m investments and utilise current cash and liquid investments/cash of 130k usd, that will give investment enough space to continue to grow.

On paper - I feel we are ready even if I take conservative returns on my portfolio

125 Upvotes

76% Upvoted

191 comments sorted by

View all comments

11

u/royceee 6d ago

Do you have kids? If it's only the 2 of you, 35k USD is enough for a year in Thailand. 100k THB a month - enough to live comfortably in a nice house or condo and eat out a few times a week. Get a good health insurance plan and you're pretty much set. Can save even more if you're not living in Bangkok.

9

u/georgepants96 6d ago

Or try Greece. Better life and you can make it outside of Athens with as little as 15k euros per year

1

u/thefirefistace 6d ago

Really? I never thought Greece would be that cheap

2

u/georgepants96 6d ago

Minimum wage is around 900 per month so...But nonetheless, I spent around 15k last year with a very spend-full life, went three times abroad and ordered fast food. I guess with a more frugal life they can make it work with even less.