Yes. In a electrum encrypted file stored inside an encrypted drive.

Maybe don't do this with your main cold wallet which should always be air gapped but I think it's a good idea to maybe have a emergency wallet with a stack of non-kyc just in case.

TL:DR not your savings, just your emergency fund

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Where do you keep the password to decrypt the drive ?

In your brain.

Make up a phrase that doesn't mean anything and at the same time you won't forget.

The rain in Spain falls mainly on the plain.

Customize it and you have a very secure passphrase

the-rain-N-spain-falls-mainly-0n-the-plain

Nice passphrase idea.

What if there's an accident, brain damage, you get amnesia, or Alzheimer's when you get old?