All this is good as far as realistic. But it seems to be covered with a little roleplaying involved that soldiers retire and get replaced by new ones. You can say that's in the upkeep costs.
I'd like to see more dynamic features as far as overall morale of your armies when your denarii goes into the negative and you can't pay certain armies their upkeep. Say decrease pay or no pay, some legions muntineed because of this.
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