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TRRR asks if it is possible to retire at 55 with 1 M generating 80 K per year. I am 63, and I just retired with one million in April. Since then, I have made over $100,000 on my portfolio. My mix of assets is fairly conservative: 30 % is in the Foolish Four, on which I write covered call options. Another 30 % is invested in income generating stocks (preferred and utility stocks that average about 9.5 %. The remaining 40 % is in a highly regarded junk bond fund (Kemperer High Yield). While only time will tell, I think that my mix is pretty safe from anything except for Armegedon.
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