One million in cash, you spend 4,200 a month, it will take you 20 years to spend it all.


One million in mortgage, you pay 4,200 a month, it will take 30 years to pay it off.
One million in savings, at the current bank interest rate of 1.5%, earns 15,000 a year, totaling 450k over 30 years.
Rent a house for 1,500 a month, and by this calculation, you could rent for a lifetime for free; the interest alone would cover it, and in the end, the 1 million principal is still yours.
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