"The Cannex study hypothesized a plan participant, 40 years old in 2023 and with plan savings of $100,000 in a target date fund (TDF). This imaginary participant intends to add $10,000 (increased by 3% each year) to the TDF each year for the next 25 years, and to retire at age 65. The study then imagines five different paths -- each representing one of the most common methods for drawing down 401(k) in retirement -- that the participant might take."  MORE >>