It's not uncommon in certain places of Kansas, Iowa, and Illinois, outside of the big cities, where you can live with annual expenses of less than $40,000. The good news is that your $1 million principal is hopefully invested, so it should grow even as you withdraw. The hope is that you are making more than 4% with your investment, so as your principal grows, more money might be available. It's safe to say that everyone hopes to have a nice savings and retirement account by the time they turn 45. The dream ...