Hello - I am a (very) recently retired financial planner. I don’t know if this is possible but I would like to recommend creating a withdrawal strategy where you can opt to use cash/bonds after the market has a down year (or any period since the last up year in the S&P 500/SPY) to allow for your stocks to recover. Otherwise, if markets were up the previous year, we could draw down from stocks (or once cost basis of stocks has been recovered). This is an extremely efficient way of drawing down income in retirement while allowing your stocks to recover rather than selling shares for income when they are down. Please let me know if you would like any additional information or to discuss - it would be my pleasure to help.