I wouldn't say completely different, you just have to plan for it. Downturns are only a problem if you're all in on aggressive investments that track the markets.

Pilots might want less aggressive investments once inside the marker than might be typical. This is actually getting more common anyway because so many 50+ white collars get laid off with no prospects to return to their previous professional status. Current conventional wisdom is evolving to do not assume that *you* get to pick your retirement age.

Or shoot to be done at age 60-62, with the safety valve option to go longer if needed.

If I didn't have significant pension income I'd definitely want five years of bond ladders, etc to safeguard against downturns after say age 59.

The fundamental principle to address sequence of return risk is avoid having to sell equities while they're way down. Variety of ways to skin that cat, you're not just along for the ride, unless you're willfully ignorant.