Good read? The risk you can assume is determined by: your sleeping point, your age and the sources and dependability of your noninvestment income
It is more than investing for income.
That is the reason for Uncle8888's preferred model to build up sustainable retirement income for life - The dependability of your noninvestment income i.e. counting interests with partial asset draw-down strategy.
His Three Taps Solution
Lesser wealth but will likely to sleep better and worry less over future market cycles. This is the trade off! No free lunch in the market.