[ML4L]

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Once I hit the 1.5/2m after taxes range, which will hopefully be in the next 18 months since I'm going to try and play a ton of hours, I feel like I can basically live off of the interest

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Depending on the specifics, you do realize how small your annual income is probably going to be, right?

Assuming that you mean interest in the "money market account" sense, your real return is probably going to be about 2% per year, or $40,000.

ML4L

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Your model would have me dying without spending the inital $2m.

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Indeed it does; I was being a little conservative there, since outliving one's money is a fear that most people (should rightfully) have. Very few things sadder to me than seeing an 80-year old work a fast food register...

If you start digging into principal, you're going to better that $40,000 number (although, note that I gave you the benefit of the doubt with $2 mil instead of $1.5... [img]/images/graemlins/tongue.gif[/img]). And, as it's been pointed out, that money can go a long way with a low cost of living.

The reason that I posted was not really for you; you're clearly extremely intelligent about such things and have thought this out. It was more for anyone who saw your plan and intended to emulate you without really understanding finance/economics. Your typical college drop-out, despite being a very good poker player, probably doesn't understand the difference between a nominal and real return. So, when he/she sees the ING rate of 5% or whatever, he/she thinks that's what the "return" will be.

Those same people are also probably the ones who think that $2 million dollars is a such a staggering sum of money that it would allow someone to live their current "baller" lifestyle indefinitely...

So, just wanted to provide a public service announcement...

ML4L