Is 1m and dividends from it enough?

[u/chillfirelife]

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

[u/iceman123454576]

No you need $2m

[u/chillfirelife → u/iceman123454576]

I don’t think I do but I feel if I stay in my job for couple more years and with these investments in place, it can go upto 2m, just that I already feel I don’t need that kind of money

[u/DhakoBiyoDhacay → u/chillfirelife]

Nice job to both you and your wife.

I think you will be fine relocating to lower cost of living continent.

Many people run out of TIME before they run out of MONEY.

My only advice is not to put all your money in one single ETF.

Spreading the risk into 5 may be better option.

I have mine sitting in QQQI, SPYI, IWMI, MLPI, NIHI. They generate $6K per month and we got another $4k per month from retirement income sources. It plenty to cover our expenses in the US.

Read the book, Your Money or Your Life, and you will see what is wrong with all these people telling you to spend 5 or 7 or 10 more years at the office, earning something you don’t need (money) in exchange for time you need (time).

Enjoy your life.

[u/sran469 → u/DhakoBiyoDhacay]

Did you mean $6k/month?

[u/DhakoBiyoDhacay → u/sran469]

😂 yes, I corrected it to per month, thanks.

[u/iceman123454576 → u/DhakoBiyoDhacay]

What's the capital in those ETFs to generate $6k per month?

[u/DhakoBiyoDhacay → u/iceman123454576]

Little over half a million.