1.25M is 63X FIRE barebones for me.
1,250,000 /63 = $19,841 per year
$1,653.44 /month
Yeh - I guess you could do it on that.
With the 4 percent rate , it's $50K a year.
I found this on a CNBC link from 2017 for median incomes by age.
16 to 19 years: $422 weekly/$21,944 annually
20 to 24 years: $525 weekly/$27,300 annually
25 to 34 years: $776 weekly/$40,352 annually
35 to 44 years: $976 weekly/$50,752 annually
45 to 54 years: $975 weekly/$50,700 annually
55 to 64 years: $966 weekly/$50,232 annually
65 years and older: $904 weekly/$47,008 annually
Looks like the $50K a year will buy you a LOT of freedom.