Million Dollar

[Dividend Watcher]

$60k per year on $1 million is 6% return. To get that with just dividends you'll be reaching for yield and probably taking undue risks. If you didn't want to spend the principal, you could get a reasonably blended rate of about 3.5%-4% using REITs & higher yielding stocks. You could also add spending down the principal on top of the income received to get that amount with some judicious planning.

I can hear some drooling coming the financial adviser corner.