My family and I (wife and one child) currently live with a very good income in northern Canada but it's very cold and we are looking for a change. We can support ourselves off a passive income (rental properties) of approximately $4000 Canadian a month. My question is, could we live a good lifestyle in DR if we pull the plug and retire early with a small child? I am 35 and my wife is 30, if we have to keep working for a few more years that's not a problem but if we had a lump sum of $200,000 Canadian dollars and a monthly retirement income of $4000, what kind of life style could we expect to have?
Would it be a safe and fulfilling life for our daughter?
We are willing to make some adjustments but we do not want to just "get by". What, if any, sacrifices would we have to make if we are going to live off $4000 a month?
We currently live in an above average home with 3 vehicles and take 2 vacations a year. Is it realistic to think we could still live the same in DR?