Thanks Bart, and I’m familiar with Pfau’s work.

To answer your question, at least for the next 10 years or so, I don’t expect to have to draw anything from my portfolio, so a 50% crash (or worse) would actually benefit me because it would let me buy more stock at bargain-basement prices… :)

Sometime in the next 5 years or so I expect to reduce my workload by 50%, but while this will reduce the amount I put aside each year, the remaining income should more than cover our expenses.

Perhaps when that 10 year period drops below 5 years, I’ll reconsider. For now, there’s no need to do so, especially since doing it would actually increase my overall risk.