AD5116: lifetime at auto-save mode

Hi, when I am using AD5116 for a project, I am curious about the lifetime of AD5116 at auto-save mode. Please refer to the following information highlighted from datasheet.

If I power-on the AD5116 at auto-save mode and there is no any PD/PU inputs, can I understand that the lifetime in condition is about "1,000,000 write cycles * 1s=278 hours" ?

Appreciate any information you can provide. Many thanks. 

Bests,

Zack

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