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Not nearly enough info at this point. Retired Person (RP) can pull 8% per year ($64k and decreasing with withdrawals) but how much do they need to pull (assuming SS and other income)?

SWR of 4% on 800k is $32,000. Is that enough to meet annual expenses? I think you might be a bit too conservative by keeping a year's worth in cash depending on the income needs. 3-6 months might be better.

How old is RP? A RP at 60 has different liquidity needs than an RP at 80. Does RP have a spouse or other dependants? Are they likely to pay medical expenses out of pocket or do they have sufficient insurance? Do they expect their expenses to remain fixed (minus infation) or go up or down in the future?
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