Dtail
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I'm not sure I understand why that matters. If your stash is $500,000 and your annual expenses are $15,000 (I know - not likely but don't miss my point) then you'll have a 3% WR. If, on the other hand, your stash is $5 million and your annual expenses are $150,000, it's still a 3% WR.
The question becomes, then, if you had a small pension and expect to collect some sort of SS, are you comfortable with a 3% WR given your time horizon may be 40 years?
Well mathematically and theoretically that's true.
However someone with 5mm and a 3%WR, probably has a lot more discretionary expenses to reduce in bad times.