<i>I probably just put myself in retirement also so will start to need an income stream. Any thoughts.</i> <br /> <br /> Own a home, so all 'gross rent' is in effect paid in advance. Roof over your head and the landlord is pleasant. <br /> <br /> Enough in safe bonds to cater for 20 years or whatever of living expenses (drawdown). <br /> <br /> Rest in growth (stocks) accumulation. Provided enough (typically same amount as initially deposited into bonds) then that's sustainable (longevity/heirs). <br /> <br /> If no heirs and 20 years is more than you expect then home+bonds alone would suffice. Spend the bonds and the proceeds of the sale of the home might cover twilight life care. <br /> <br /> For bonds I worked a ladder of present day living expenses for each of 20 years, discounting future pension income amounts in later years (as and when those come online) in order to identify a present day amount to be initially invested in bonds (assuming bonds are invested/deposited in a inflation pacing investment). For example if I started today at age 55 and led a $50,000/year living expense lifestyle, had a $15,000/year inflation linked occupational pension payable at age 60, and a $15,000/year state pension payable at age 67 then 5 years x $50,000 to see me through ages 55 to 59, $35,000/year to cover age 60 to 66, $20,000/year to cover age 67 to 74. Which in total $655,000 covers. If invested in safe inflation bonds then 20 years of income is reasonable assured/covered. If the same amount again is available and invested in stocks/accumulation then there's a reasonable chance that after 20 years that stock value might have doubled in real terms (3.5% annualised real) - so overall end 20 years with the same amount as at the start of the 20 years in inflation adjusted terms (longevity/heirs). <br /> <br /> For stocks, a low cost tax efficient S&P500 accumulation fund is a simple but effective choice. Well suited to when you might become confused as to what day it is let alone how to manage a portfolio of many assets. <br /> <br /> That all assumes you've 'won the game' and have enough (no need to take risk). If not then its a case of dividing what you do have by whatever rock-n-roll party-animal lifestyle you fancy.