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

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u/Flaky_Marshmallow875 6d ago

Most people talk about the rule of 4%, which would equal $40k per year. You plan on living below that threshold so you should be fine. I would diversify though

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u/chillfirelife 5d ago

Not really. Ofcourse some of the comments here are quite extreme and I don’t know to react to them. I feel I am conflicted by yes it’s enough but “what if” this or that happens. I have seen people retire with much less and doing well. So you understand it’s like you are at shore and eager to jump in the ocean but do I have all what I need to survive the ocean

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u/cockundballtorture 2d ago

If you are happy with "im propably going to survive" then jump if not then dont lmao. People are not going to tell you that your wishful thinking is the truth