I'm 63 With $1.5M. Can I Spend $10K a Month?
You’ve saved $1.5 million. Now comes the real test.
Can it produce $10,000 a month, or will that pace drain your portfolio?
Most retirees do not get a clear answer until it is too late.
The issue is not just how much you have. It is whether your portfolio was built to pay you, not just grow.
That difference can determine whether your money lasts decades or starts breaking down early.
Sequence of returns, taxes on withdrawals, healthcare costs, and whether the 4% rule still applies all play a role.
Fiduciary advisors created a breakdown showing what drives sustainable income and why the same $1.5M can produce very different outcomes.
If you have $1M or more invested, do not guess.
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—— ON THIS DAY ——
JULY 14, 1789
Paris, France
236 years ago
On July 14, 1789, a Parisian crowd, swelled by mutinous soldiers and searching for gunpowder and arms, attacked the Bastille — a medieval fortress in eastern Paris that served as a royal prison and an arsenal. After hours of confused fighting that left around a hundred attackers dead, the fortress's governor surrendered. The crowd poured in, released the prisoners (there were only seven), and later killed the governor, parading his head through the streets on a pike. The storming of the Bastille had begun.
The fall of the Bastille was, in strictly military terms, a minor event. But its symbolic power was enormous. The Bastille represented the arbitrary power of the absolute monarchy — the king's ability to imprison anyone, without trial, by royal warrant. Its fall to a popular uprising signaled that royal authority was collapsing and that the people of Paris had become a political force that the monarchy could no longer control. It transformed the political crisis that had been building for months into a full-scale revolution.
—— MARQUEE EVENT ——
The French Revolution that the Bastille's fall inaugurated was one of the most consequential events in human history. Within months, the revolutionaries had abolished feudalism, issued the Declaration of the Rights of Man and of the Citizen (asserting principles of liberty, equality, and popular sovereignty), and begun the process of dismantling the entire structure of the Old Regime. The Revolution would go on to abolish the monarchy, execute the king and queen, and attempt to remake society, the calendar, religion, and the map of Europe from first principles.
The Revolution also descended into the Terror — a period in 1793-94 when the revolutionary government, dominated by Robespierre and the Committee of Public Safety, executed tens of thousands of perceived enemies of the Revolution by guillotine. The ideals of liberty and equality coexisted with mass violence and political paranoia. The Revolution devoured its own leaders; Robespierre himself was executed in 1794. The chaos eventually produced the rise of Napoleon Bonaparte, who seized power in 1799 and crowned himself Emperor in 1804.
Despite — or because of — its violence and contradictions, the French Revolution permanently transformed the political landscape of the world. It established the principles of popular sovereignty, citizenship, and human rights that underpin modern democratic politics. It spread the ideas of nationalism and revolution across Europe and beyond. July 14 — Bastille Day, or in French simply 'la Fête nationale' — became the national day of France, celebrated with a great military parade down the Champs-Élysées, fireworks, and festivities. The storming of a fortress holding seven prisoners became the founding myth of modern France.
—— WHY THIS MATTERS ——
The fall of the Bastille marked the beginning of the French Revolution, one of the most transformative events in world history. The Revolution swept away the feudal order, established the principles of popular sovereignty and human rights, and set in motion political changes that reshaped France, Europe, and the wider world. Modern democratic politics is unimaginable without it.
It demonstrated the power of symbolic events to crystallize political change. Militarily trivial, the storming of the Bastille became the iconic image of the people overthrowing tyranny. Its symbolic resonance — the collapse of arbitrary royal power before the popular will — gave it a significance far beyond the actual event.
The Revolution's contradictions — liberty alongside terror — continue to shape political debate. The French Revolution is the original case study in how revolutionary idealism can produce both emancipation and mass violence. The tension between its noble principles and its bloody excesses remains central to how we think about revolution itself.
—— THE TAKEAWAY ——
On July 14, 1789, a Paris mob stormed a fortress holding seven prisoners. The event was militarily trivial and symbolically enormous. It marked the start of the French Revolution, which abolished the monarchy, declared the rights of man, descended into terror, and remade the modern world. France celebrates it as its national day.
—— QUOTE OF THE DAY ——
"Is this a revolt? No, Sire, it is a revolution."
— The Duke de La Rochefoucauld-Liancourt to King Louis XVI, on the news of the Bastille's fall, July 14, 1789
—— OUR QUIZ OF THE DAY ——
How much do you know about the storming of the Bastille, the French Revolution it began, the Declaration of the Rights of Man, the Terror, and the rise of Napoleon?





