I’m not sure I’m in the safe bucket. I think I could easily weather a 30% downturn knowing I have enough time but I’m 85% self directed. That 15% keeps growing due to contributions but is my only index/retirement year type investments. So far that’s worked wonders and honestly the stocks I invest in have been long term plays outside of a small amount. CYDY did get big and I’d call the $45k net well worth it but outside of SPACs and IPOs, I trade very little.
I am 100% with you there. My goal right now is to double my non-401k in 5 years while continuing to max our 401ks. Pre-2020, that goal was more like quadruple in 10 years. The 120% gain this year basically cut that in half. If I can double in 5, I’m done and my wife may continue to keep our healthcare costs reasonable. Using the 4% rule with the 401ks, doubling would get us to almost replacing our current income with SS. That would be an extremely comfortable retirement. I also don’t think I’d turn conservative at that point either. I don’t think I ever would. Once you get a big enough buffer you can stay the course and ride out/take advantage of downturns.