LSAMPLE ANSWERILLUSTRATIVE
THE SHORT ANSWER
I’d build the nine-month cash reserve before adding more stock exposure. In this example, the market drop and higher inflation shrink your projected cushion from $200,000 to $45,000. Age 60 still works, but a large expense could force you to sell investments while they’re down.
KEY NUMBERS
Stress decline−15%
Cushion after stress$45,000
Cash target9 months
WHAT MATTERS
- The plan is more affected by selling during a downturn than by one year of higher inflation.
- Continuing contributions during the decline improves the recovery path.
- A larger cash reserve protects near-term choices without requiring a prediction about markets.
POSSIBLE NEXT STEPS
- Build the cash reserve before increasing investment risk.
- Keep automatic contributions running through the stress scenario.
- Revisit the retirement date only if the downturn overlaps with an income loss.