We were usually 100% equity while working. My initial conservative plan for retirement was 30/70, but some of the fine folks here convinced me otherwise. I voted 70%. Pure equity is actually 55% and real estate is 15% (one rental property plus some REIT ETFs). Bonds are 27% with 3% cash.
We have two pensions. They don't really function as bond-equivalents but they do reduce our reliance on the portfolio. So I feel like we can take more risk in the portfolio to potentially offset our main long-term concerns... inflation, LTC, and longevity. Over time, I'll let equities naturally drift higher.
Currently, about 80% of our spending is covered with pensions, rental income, and dividends from the taxable account. In theory, that figure goes to over 100% when SS starts.