<prompt> Human: Im seriously considering selling my income producing rental property. In doing so, Ill have a pile of cash, but no monthly income. My question is this: How much monthly income can I expect to receive by investing roughly 1,000,000 in some kind of retirement portfolio?I am 64 years old... living in Los Angeles.  <response>: The safe withdrawal rate for a 30 year period is generally deemed to be 3.5-4 So for a 1M portfolio invested in a diverse broad market mix of stocks and bonds you should be able to withdraw 35k-40k per year safely. 