If you need to make $1800/month off a $250K investment, and my math is right, that means you need a sure-fire 8.64% return, on money you can't afford to lose.
We used to be able to get almost that much in a money market fund before the government got into the counterfeiting business. Maybe in 3 years somebody will get around to turning off the Magic Money Machine, and interest rates will go back to normal, but right now, I'd say your best bet is to leave it in an FDIC-insured savings account and GO FIND A JOB. You don't have enough money to afford to risk any of it.
In a couple of years, you'll qualify for Social Security, and probably make enough to cover your low expenses. But any way you look at it, low inflation or high, you need to bank a lot more money to retire comfortably. And if you're living off that money now, there will be $43,000 less of it by the time you make it to 65.
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