I think a better approach would be to go 30/70 with the 70 in a "stable value" fund, like T Rowe Price or something similar - it has an effective duration of 0 and the annual RORs have been much higher than cash - that's probably what I'll be doing when I start drawing down
I'm closer to 30/70 than most of the AAs claimed by this thread's contributors. But, in fact, my non-equities contain relatively low levels of bond funds. As suggested by Big_Hitter, I have a significant commitment to a "stable value" fund held in my 401(k). It's true that such funds have produced relatively small gains compared to equities, but with virtually no volatility. Additionally, I have some less-than-traditional bond "equivalents" such as SPDAs (faithfully cranking out 4.5% interest) as well as I-bonds (old enough to have significant actual interest rates in addition to their inflation sweetener.) Less traditionally, I have a small but significant allocation to PMs, stored in a safe deposit box as well as a contract sale.
I find myself taking the other side of the argument "If you have pension or SS or other annuity income (which I do), you can allocate more to equities." That's certainly a valid viewpoint, but I would say "I no longer need the additional potential provided by a large commitment to equities." I prefer a lower "terminal value potential" and a less volatile "ride". Assuming inflation remains reasonable, I see no reason why this AA should not work for me since my WR is well below 4% and my time horizon is unlikely to exceed 30 years (more like 20 or, optimistically, 25.) If inflation begins to rear its ugly rear, I may be forced to rethink my AA. In the 10 years of my ER, my port has never suffered a numerical loss, even considering withdrawals and significant Roth conversions. I haven't tracked inflation closely enough to determine if my purchasing power has ever taken a hit, but I'm sure such a hit has been small if it exists. I consider my primary residence only as a back-up in my portfolio.
Clearly, I could have played this all a lot better (especially in hind sight, heh, heh.) I could probably have nearly doubled my stash had I been more into equities starting 20 years back and maintaining a 50/50 AA or higher (equity) allocation. But, I've had the money I needed to do the things I wanted. Those things I've "given up" such as late model cars, world travel, larger more exclusive housing, etc. are things I never particularly aspired to - though if wishes were horses (or Teslas
) I suppose I would opt for more consumer "goodies" - or more likely, first class air travel instead of cattle car, er, I mean coach.
If I'm making a point, it would be that "whatever works for me" works. I understand the risks (in my case, the biggest is probably run-away inflation.) Still, I've built in back-ups (to my back-ups). In short, I believe my comfort level is better served by my current AA than it would be with a more traditional ER-level AA. How one feels about one's retirement is often more important than what one owns in retirement. That's my story and I'm sticking to it - for now, but YMMV.