You may remember that sweet old song we sang as children. It was Cinderella's song of hope, and sure enough, by the end of the movie she had found her Prince Charming and was living her dream life! Fairy tales don't really come true... do they?
I happen to believe that you can live a "fairy tale" life, but I prefer not to use the term "fairy tale." I think it implies that something is unattainable through normal channels. On the other hand, I believe it is perfectly possible to live a dream life.