Is it possible to retire on just US$1 mil?

by Paul
(NY, NY)

Is it possible to retire in places like Panama or a similar place with US$1 mil in financial assets for someone who is 50 years old, healthy with no debt?

Editor's response...We retired at age 49 on a lot less than $1 million... Your retirement decision should be based on something other than money, that should not be a problem.

Gary