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Wage slavery is the only thing preventing the utopia. Way of life is only half the problem. If you take down consumerism and bullshit jobs you can probably have a current working society for 2 or 3 days of work per weak.
An important thing to note is that women are many more to work now than in the 60s, and laundry machine, washing machines etc saved a lot of time taking care of the house.
But today on a personal scale? You need to be rich compared to society for the initial investment, and you'll live exploiting the work of other people. This way of life doesn't scale.
Building up and investment and living of it, is basicly retirment and it is done all over the place. Government run retirment schemes are pretty common around the world and basicly work with the promise of everybody getting some of it, once they reach a certain age. Hence there is a fairness factor in it as well.
Other then that the 40h per week is a somewhat recent change as well and it could be lowered to say a 24h per week. Obviously you need to be able to renegotiate contracts for that and earn enough, to be able to live from less work.