Rate and critique my tentative plan?

I've sold some property and am set to recieve a few Cr. My goal is to invest this to create a passive income to retire early. I'm thinking 50% in AA rated and above bonds that pay out regularly. 50% in equity (ppfas and quant active) to counter inflation Maintaining a fixed asset allocation to keep both at 50% of my net invested worth and rebalancing every time my portfolio is out of allocation by around 10% or more Eg: if if my 50% is equity becomes 60% I'd sell 5% and put it in bonds to maintain a even balance and vice versa and let me automatically buy low and sell high. How is this plan? What would you change? Any feedback would be appreciated.