<prompt> Human: Its somewhat difficult to describe what Im looking for, but Ill do my best. I have very little knowledge about finance, so please bear with me.I have 210,000 USD in savings, with no debt. Lets say that my goal is to be able to live for as long as possible without any additional income, solely with these savings. Any additional income would go to increase these savings.To achieve this, Im looking at countries like Georgia 10 annual interest rate with an account in Georgian lari or Mongolia 15 annual interest rate with an account in Mongolian tugrik, with 5-6 if in USD. Calculating based on exchange rate staying the same, this would give me 21 - 31.5K USD annual income, which is easily enough to live on reasonably comfortably in a lower cost country like Georgia or Mongolia. I have a lot of experience living in lesser developed countries, and its not a big problem for me.There are of course many other countries with high interest rates, but Ive been to both Georgia and Mongolia, so Im more familiar with them. I dont really know the situation regarding exchange rates, inflation, and so on in other countries with higher interest rates.Anyway, the banks in these countries pay the interest into another account each month, so theoretically Id just pull it out like a monthly paycheck, and live off of it.My question is, is there some reason that this is a horrible idea that Im just not realizing, apart from exchange rates and inflation? Also, are there other options? Something along the lines of putting a large amount of money somewhere in exchange for monthly payments, apart from a normal interest-bearing account?The goal here is to relieve the stress of needing to work to stay alive. I want to be able to work when I feel like I have the right opportunities, but knowing that I can live a normal enough life even if Im out of work.Thanks for any advice. Sorry if this is a bit of an odd question! Any ideas are much appreciated.EDIT: Since a lot of the responses are US centric, I should add that I dont live in the US. I do have US citizenship as a birthright, but I dont plan to return to the US. I havent ever needed to pay US taxes. I currently live in a country with an abysmal interest rate and a middle-to-high cost of living, but would likely be moving to whatever country I keep my savings in.Assistant: This doesnt work because the exchange rates wont stay constant. Currencies with higher interest rates are generally expected to depreciate against the dollar. Look up uncovered interest parity and covered interest parity for more information. Human: Im aware of the interest rates not staying constant. Indeed, both the Mongolian and the Georgian currencies Ive mentioned have weakened twofold over the past ten years against the dollar. But the current exchange rate is not so different than it was, say, three years ago. Of course, its impossible to predict.If Im not really planning to exchange these currencies to back to dollars, but instead to use these currencies in daily life, does the deprecation against the dollar become less of a major issue? I guess the major issue would be the inflation rate of the country in question, in this case?Also, in Mongolia, for example, there are 5 interest on USD deposits as well, in USD. If I end up with a large enough deposit that I can live off of 5 interest I dont think 200K would be enough in that case, would that be a safer option?  <response>: If I end up with a large enough deposit that I can live off of 5 interest I dont think 200K would be enough in that case, would that be a safer option?What if the bank fails? Is it FDIC insured rofl? 