Originally Posted by Unregistered

This is a brilliant idea.

In Chiang Mai, you can live very well with S$1k pm. So your S$1m can last for many, many years. However, instead of just spending the S$1m, you may want to invest in blue chip stocks which can give you 4% pa or S$40k pa. Since you may just spend S$12k pa in Chiang Mai, you can even save the rest.

Wishing you and wife the best. You both deserve the good rest after working so long and so hard. Don't be a fool to wait so long to retire.