The question of whether a million dollars is enough for early retirement depends on whom you ask.
A million dollars is not enough for early retirement if you are a teen living in Singapore.
The cost of a two bedroom public apartment costs about a third of a million.
Since the teen will want to start his family when he is a bit older, he has to think about the cost of parenthood as well as the future educational expense of his children.
A million dollars is definitely not enough for a young person who has yet to buy a house, and start a family.
However, it will be enough for me, since I am more than middle-aged, and I can live simply.