While it may be theoretically possible to live off of dividend income, provided you make enough, it’s a risky path. As Hylland breaks down earlier, payments aren’t always a guarantee, and some companies may choose to eliminate them if they fall on hard times. Because you don’t necessarily control your destiny, it may not be wise to rely exclusively on dividend payments. We recommend speaking with a financial advisor to create a retirement plan that aligns with your goals before committing to a strategy.