RIP - first year savings balance reduction
I've been working with RIP and their retirement reports for a while now. One thing I have noticed in the "Detailed Income Analysis" section of the report is the large, unaccounted for, balance reduction after the first year. It's about 15% of the "beginning savings" amount with no detailed explanation of why and how much. The other columns in the table offer no reconciliating numbers.
I seem to remember before they changed the tool in 2015 there was an brief note "we have experienced that in the 1st year of retirement, retirees make a large withdrawal." That footnote has since vanished but the deduction remains, or have I missed their explanation.
Does Fidelity's assumption of a large withdrawal ring true with others? Wouldn't it be helpful to see the analysis without the effects of this unexplained deduction? Or be given a more detailed explanation of their methodology?