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Keep in mind I've been living on peanuts for the last five years as I paid off 90% of all my debts, so my living expenses are pretty minimal right now.

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My whole deal is to not owe anybody anything.
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No fucken way I'm letting him bear the burden of college loans. That's a fucken sucker bet with no hope of a payout.

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Yes, and this is what I hear from folks, debt-free is the way to be. Quite correct.

Traditionally, a 4% draw has been sustainable indefinitly, 5% probably for several decades. Of course, things have been a bit turbulent lately. But, this assumes your capital will be able to grow to adjust your draw for inflation, and pay its own taxes.

Right now, living on the road on $1500/mo. is very easy. This includes vehicle insurance, maintenance, pro-rata on a run around vehicle, entertainment and eating in restaurants, as well as fuel, food, site rent, etc. Living in a fixed location will be very similar, as rent will be more, maintenance and fuel less, but things roughly balance out.

Let's see ... what's rent now for a decent place, nothing fancy? $600/mo.? I spend $100 on my groceries each week, utilities, satellite TV, internet, etc. run another $250 or so, add in vehicle costs and incidentals, and we are between $1500 and $2k.

For a 5% draw, to pay yourself $24k/yr, you will need 24k / 5% = $480k. With $300k, a little balls, and the willingness to go cheap and pick up some temporary part-time work, things look OK.

However, if you start to draw down the capital, it may be next to impossible to replenish it. Things can collapse quickly, as the capital shrinks, and your draw increases with inflation, the percentage increases literally exponentially, and you are trapped in a situation where you are eating your seed corn. It is essential that you have a concrete plan to go the first two, or better, five, years without touching the capital. In my case, it is also essential to have an exit strategy, a way to get off the road and into a sticks and bricks existence again if I choose. Too many folks stuck sitting in a dump, living in a broken RV, because their pension check never lets them have enough for repairs and this month's expenses.

I've run the numbers many times, and many ways. I keep the numbers very loose, but for me, about $20k/yr. will work. I've done some things to help myself now, like my investments in solar, and a campground membership (basically buying bulk campsite rent in advance). So my answer to your question is about $400k. My personal situation is a bit more complicated ...

This voids all the above: