One of our money goals before we retire is to have $130K in a high yield saving account. At 4% the interest will pay our property taxes. If interest rates fall back to .0001%, we will still have 34 years of property taxes in the hopper. Currently we have 1/3 of the target amount saved. So quite soon I think I can say with a degree of confidence that I truly own my home.
I retired at 56 by selling my house and living off the money. Would have worked well if I didn’t have a child at 58 (blessed and lucky that happened). But because I wasn’t getting social security I had little actual income. I hit 59 1/2 in Dec 2014 and took out $50K from my IRA, and paid $0 in taxes because I had little income. Kept doing that, even converted to Roth again with no taxes, I didn’t initially plan that but it was a nice bonus.