Well same principal applies. 2% for "living expenses" is still $12.5 M per year, which is a lot of money.
I’m told the general principle is that, if you are looking to grow your money, it is 1% of your investment for income purposes with the rest being reinvested.
So, in his case, it’s about $6.3 million and the rest being re-invested. It’s still enough to live almost anywhere in the US of your choosing.