Another one of those button questions.

[boost]

Aw man I could live off $1m for life pretty easy, what the fuck are you people smoking? Caviar?

$1m is around £600k. I buy three houses - one nice place in the country for £200k, where I'm gonna live, and then two town properties at around £120k to rent out. I could get £600 a month from each of those properties at current prices, and I have no rent/mortgage payments to make myself. Factor in that both of my properties should increase in value at a rate above inflation, and I think I'm pretty sorted. I still have £160k, plus £1200 a month income, plus two houses I can sell if things get tight.

I'm not saying it can't be done-- but I am saying that you've just demonstrated that you wouldn't be the one to do it.