The Defined Contribution Rollover Survey asked recent retirees who retired with at least $75,000 in their last employer’s 401(k) plan about what they did with their savings upon retirement.

So what did these retirees do with their 401(k) plans?

Roughly 62% of respondents rolled over their 401(k) at retirement to an IRA or another account, and 38% reported leaving their money in the 401(k), at least initially at retirement. Surprisingly, no one reported having spent the majority of their 401(k), implying that little leakage occurs right at retirement for individuals with a decent amount of retirement savings. However, individuals with lower amounts of 401(k) savings are still more likely to cash out their 401(k) at retirement.

Courtesy of Forbes