From my personal opinion, this plan sounds to risky, and not recommended. What if the flight encountered some delay on landing? What if there is a delay when you try to retrieve your baggage? even 10 mins of delay might cause you some issue. 

Even if everything goes as per plan, I still suggest you to run as soon as the plane lands since it's better to wait in the gate than miss the flight. 

On the positive side, Amsterdam Schipol is considered [best Airports of 2013][1] so you can expect everything is more organised than other airport.


**Update** : Found this [KLM site][2]. 

Here are the summaries: 

1. The standard transfer time at Amsterdam Airport Schiphol to a flight within Europe is 40 minutes and 50 minutes for an intercontinental flight. (comment : so I guess your case is OK )
2. If you do not make your next flight because of a lack of time, you will automatically be booked on another flight. Your baggage will be relabelled and you will not have to retrieve it or check in for the new flight. Your new flight details can be retrieved and you can print out your new boarding pass on a self-service machine. ( comment : so, don't worry. )
3. When transferring at Amsterdam Airport Schiphol, you can view your flight details on a self-service transfer machine. There are around 100 available across the airport, including at the entrance to each pier. To use one, all you do is scan your passport, boarding pass or frequent flyer card.

Good thing that your transit aiport is Schipol! :)


  [1]: http://www.sleepinginairports.net/2013/best-airports.htm#.UpVg-GSw2Go
  [2]: http://www.klm.com/travel/sg_en/prepare_for_travel/at_the_airport/connections/index.htm#p2