What this implies is having reached a point in life where a large number of lifestyle expenses are covered by passive income and the individual needs only to exert minimally to cover the rest. (getrichbrothers.com)
When your current lifestyle expenses can be met with your investment income, you've reached the point of financial independence! (radicalpersonalfinance.com)
Or, since the funds have to be withdrawn anyways, they can go toward special lifestyle expenses such as a vacation or gifts for the family. (portfoliosolutions.com)