The guitar great recently revealed he and Daltrey would be retiring from touring after one last world tour in 2015 - and now the frontman is keen to make it clear that the final shows won't mean the end of the band.
He tells Rolling Stone magazine, "That will be the last big tour. People have read that wrong though. We aren't finishing after that. We intend to go on doing music until we drop, but we have to be realistic about our age.
"The touring is incredibly grinding on the body and we have to draw a line in the sand somewhere. This will be the last old-fashioned, big tour."
But the singer is interested in following Elton John, Celine Dion, Cher and Britney Spears' lead and signing on for residencies at fabled rock venues.
He adds, "That means you travel to one place, but you're stationed there. You aren't touring. It's the touring, the schlepping, that kills you. The music is a joy. The two hours on stage every night is a joy, even though it's incredibly strenuous. The schlepping and changing hotels every day, that can become incredibly hard work."