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6-7 years is not very long... If the market turns down, you could be working past 70 as well...

Yes, I understand that risk, but the risk is a matter of probability, whereas, if I invest more like 30-40% in fixed, it's a sure thing that I'd have to work longer.

People don't seem to recognize that "risk", when dealing with short time horizons, is quite real.

I'm one of those folks who is consistently harping on the 'timing effects' of market downturns when it comes to retirement. I agree that most folks who use an average annual return to forecast their nestegg don't realize that if a market downturn of ~20% + occurs just as/after they retire, they might very well be in hot water.

Just recognize that you are gambling somewhat now... good luck!

Oh boy, do I ever recognize the risk. Thanks for the luck sentiment--I need it. ;-)

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