Also, in the long run money market accounts and CDs tend to not even make up for inflation.
That doesn't mean it's not possible to retire on $2M, especially if you are middle-aged and don't have dependents. If you are young, live in a relatively affluent area in North America and are yet to start a family, forget about it.
http://www.bankrate.com/brm/rate/mmmf_home.asp
Also, in the long run money market accounts and CDs tend to not even make up for inflation.
That doesn't mean it's not possible to retire on $2M, especially if you are middle-aged and don't have dependents. If you are young, live in a relatively affluent area in North America and are yet to start a family, forget about it.