a $92K annual drawdown on $2.3M. Not shabby, but neither is it anywhere near what I was making when I was a wage slave. And I ain't typical retirement age yet, so allowances need be made to extend the principal that many more years.
For sure, each of us should be attempting to account for our own expectations and circumstances, which may well give a decent priority to maintaining a certain standard of living that we have accustomed ourselves to.
I would assert that past living standards are not absolutes, either.
Let's say for example, you have had an income of about $150k to $200k per year, and you have largely paid off your housing and really gotten a lot of your investments in a solid kind of cushioned order. It may well be possible that anyone who has gotten their shit together could largely maintain their own standard of living on half of their traditional income - especially once they move to a passive income status.
Of course, another situation would be that if something were to happen to you (accident or some health issue), you might also reconsider that the benefits of NOT working outweigh the efforts that might have to be exerted to carry out previous levels of work, or even reduced levels of work might not be sufficient in certain circumstances.
I recall that you (picnic bear) and I had already had a variation of this conversation regarding having some enjoyment in work, and surely there is going to be individual variation in that regard, and even rewards from work that are not necessarily feeling like they are slave labor. Accordingly, there are reasons why some multi-millionaires and even billionaires will continue to involve themselves in money making endeavors, even though they really do not need to be occupying their time with such business arrangements and some of the work that might come out of juggling various kinds of business relationships, so in that regard, having fuck you status can be played at higher levels, too in which wealthy persons who chooses projects based on personal enjoyment, status, purpose and sometimes will be in a position to can business relations or others to go fly a kite if they do not want to play ball with the wealthy person... of course, assuming that no contractual obligation(s) had been created... and sometimes being the one with more money can sometimes allow for the breaking of contracts without really suffering meaningful negative financial consequences, too.
Circumstances are going to vary, and some people just love having about 15 chainsaws dangling in the air, and other people might prefer NOT to juggle too many things beyond juggling hookers, blow and lambos. Can't really blame folks for these kinds of personal preference variances.