If you're new here, this blog will give you the tools to become financially independent in 5 years. Here is how I did it and here is how I currently do it. The method is robust and replicable (no need to win the lottery, start a blogging business, or win at real estate), but not easy; much in the same way that a diet results in weight loss but is hard to follow persistently unless you set your mind to it. The key is to save 75%+ of your net income and invest it in income producing assets (bonds and dividend stocks). There is a "21 day" step-by-step plan for how to get to 75% in the left side bar. I try not to be too trite, so if I cover a topic, you will probably not see it again for a very long time, thus you may want to read the older posts here and here. Also, check out my answers to frequently asked questions and while you're at it, don't forget to subscribe to the blog via google or RSS.
This, and various perturbations, is one of the most frequent google search term that hits this site. I think my very general answer would be, that if you have to ask that question then the answer is “PROBABLY NOT!”
If you’re asking if you can retire with 10 millions dollars, the answer is still no.
The problem is essentially scale-less. Asking the question implies that one has accumulated X dollars without any thought towards expenses and jobless income. I posit, that if those things had be considered, the answer would be obvious and the question would not have to be asked.
However, until one figures out one’s expenses and jobless income, the question can’t be asked.
So I can only give a very general answer (provided you don’t ask the question 
).
Yes, it is possible to retire with 2 million. It is possible to retire with 1 million. It is also possible to retire with half a million or a quarter million. $50,000 is also solution. And so on. The more you know, the less you need.
Originally posted 2008-06-27 07:24:48.
