Where this is all going to fall apart is when the stock market goes down or inflation takes off. You really don't want to be retired, out of the workforce for 10 years, and only have a million dollars in assets if either of these happens.
The people who get fucked by inflation, in order of screwedness, are a.) people who depend on cash savings or fixed-denomination bonds for survival b.) wage workers in non-differentiated industries c.) commodity small business owners (eg. restaurant or gas station owners) d.) salaried workers in differentiated professions and e.) monopoly business owners and executives. There's also a separate debtor => creditor axis where inflation benefits debtors much more than creditors.