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IMHO, 8% is quite unreasonable without risk (other than paying off debt that has an 8% interest rate or more).
History says an S&P index fund will historically return that (close to 12%) over time...but possibly not short term. There is some risk. Treasury bills return over 4% with almost no risk...and one can avoid state and local taxes.
If I were retired and only had $50K...it would be in Treasury bills. It would return a little better than $2150 in a year and no worries. Investing in them is easy and can be done online.
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Some are born free. Some have freedom thrust upon them. Others simply surrender
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