Grt2bOutdoors wrote: ↑Tue Jun 05, 2018 7:26 pm
If your point is that one should stay flexible, then i completely agree. But, your description above makes it sound like there is some fixed time called "at retirement". That is what I was questioning. When do you make the evaluation described above? There is also the option you did not mention of continuing to work to get closer to your desired level of assets.
As an example, a few years ago I set a target of getting to 30x anticipated retirement expense by the time my youngest graduated HS (both asset level and time frame targets). If I had reached the target time and been short of assets as you describe, I could have reduced expenses, used a higher withdrawal rate OR, more likely, I would have continued working at least a little longer. As it turned out, I hit 40x about a year and a half before the target time, and decide to go ahead and retire even earlier than I had originally planned.