Props for knowing the math, I'll agree with you on that 60K per year....but what about the income taxes on the $60K, that eats probably 12 to 15 right there of the 60, plus, IF someone was sitting on a million dollars, don't you think one of the first purchases would be buy a house / pay off their house, so after that cost, they would have way less than a million in the bank for the interest to be earned on. Also, higher interest rates on savings normally also means that country might be experiencing inflation, where things cost more period over period, so the amount the person has to live on buys less each year.