I knew that selecting "Spend Cautiously" (as opposed to "Spend Aggressively") reduces the yearly consumption and living standard. I just realized it also reduces the yearly income for all asset accounts. We've somewhat artificially reduced earnings and spending to create a more conservative plan.
But, as I look at and think about my Monte Carlo results, it occurs to me that I've made them inaccurate with the cautious spending behavior selection. For instance, the MC results may indicate a 5% chance of ending up with only half of my planned living standard. But the actual results should be much better. Although I will "spend cautiously", my portfolio will "earn aggressively".
Are these observations correct?