Good but do throw a random character in there, otherwise your passphrase is essentically a few characters long in a (larger) alphabet—ie, a dictionary sorted by most frequently used words. Or at least use some uncommon words.
70^8 = 576480100000000 // 8 chars of upper/lower case, numbers, symbols
4000^4 = 256000000000000 // 4 words pulled from a vocabulary of 4000 words
word rank
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correct 1808
horse 1286
battery 3221
staple (not in the first 4000)