Hell, with a paid off house and a mere 2M in savings I could choose to retire. Even without touching the principle, if there is no mortgage in the picture $60K

Hell, with a paid off house and a mere 2M in savings I could choose to retire. Even without touching the principle, if there is no mortgage in the picture $60K/year is equivalent to over $100K in real annual income. In lots of places that's plenty for a very comfortable lifestyle.