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Lots of factors that would come into play. Like age, life expectancy, single, married, existing savings, paid off home etc etc.
I've always heard about being able to live on 4% of your savings for retirement. Haven't looked much into it so dunno how legit that is or is that the same if you plan to retire at 70 or 40? Probably not. Given your numbers 4% on the 1M is $40k/year. Not great, but if I just had to retire tomorrow for some reason I'm sure I could adjust to survive on $40k with a paid off home. However I don't mind what I do right now so I will keep doing it for as long as it lasts or as long as I can keep doing it.
Now if I change the question to be how much $$ would it take to force me to retire right now... then probably $10M.
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