No. You will still need to work.
and you do not want to work.
I can't imagine not wanting to work in some capacity or other. I get a lot from what I do - self worth, sense of achievement, etc.
I'm just trying to get an idea of how much I would need in the bank to be able live comfortably off the interest without having to reply on working. However, personally I would still work by developing websites and other things, but you cannot guarantee that any website you make will be successful and earn good revenue.
Depends on:
1. Your intended lifestyle
2. How long you plan to live aforesaid
I think I read 5m minimum needed. Problem is with 5m in the bank difficult to resist a big house, fast cars etc.
Income is more important than capital, unless you are happy to spend spend spend ...
Invest in yourself.
Dividends pay 3% , rent everything to preserve capital , live frugally. Bit boring though.
Two very different questions, big pot of money with lifestyle to match, versus big pot of money treating it as a means to earn an average wage through interest.
Personally for me, aside from fast cars (seen as both fun and investments if chosen carefully), my family can live off lets say £30k per year with one nice holiday. That could be achieved on £1-2mil.
However, I have no desire to follow that route, I love working and keeping my mind busy!
There are some remarkably large numbers being thrown around in this thread! I'm not convinced it would even take £3 million to retire on comfortably if it's invested with a little bit of care...