 balance during the period of your retirement. During the drawdown period, we assume your portfolio will remain invested and recurring contributions will no longer be made to your plan. We assume you will make a withdrawal at the beginning of each year from your retirement account equal to the amount of your Target Retirement Income, less as applicable, estimated Social Security benefits, your Income in Retirement, and estimated taxes to be incurred by liquidating your portfolio. For projection purposes, we assume these figures will grow by a constant rate of inflation but rely on you to update this figure on a yearly basis if this information changes. 