MooreBonds
Thinks s/he gets paid by the post
I would do a hybrid of 1 and 2. Since the first 10 years are the critical years, I would continue to spend as I thought I would be spending (between $50k/$60k), and continue to accumulate any leftovers for the first 10 years. At about year 8 or 9, I would see how my portfolio is doing, and what my expenses continue to be. I would then likely spend that accumulated excess (assuming the portfolio is still at least as large as when I started on Year 1), perhaps spending it over the next year or 2 on something fun and special.
