SS + pension = 120% of income requirements. Transition to hell-for-leather Aggressive Growth?

[](https://www.reddit.com/r/retirement/)When I claim SS in 8 years or so my wife and I will suddenly have another $5700 monthly coming in (mine+spousal). That WELL exceeds what we need to live on by $2700/month which I'll put in a vacation account.

I'm thinking that at that point our risk tolerance is through the roof so why not transition from a fairly conservative portfolio to a 80/20 go-for-broke hell-bent-for-leather Aggressive Growth allocation.
Keeping just enough Fixed Income to rebalance into the dips and a 2 year "oh crap" cash balance.

We can live completely comfortably while watching the equities do their wild gyrations and make us money over the next 20 years & rebuild a semi-depleted portfolio that we eventually bequeath to our non-saving kids at about their retirement ages.
They're fiscal morons - but they're still our children. Can't gripe too much though, they came by it honestly since I didnt really start saving for retirement until 45.

I can't see a downside to this, even when we hit the assisted living age and there's a sharp bear market the sale of the house will cover that.