On top of that, the default “safe” investment, US investment grade bonds, are actually down since March 2020 (which is highly unusual for bond funds over that l

On top of that, the default “safe” investment, US investment grade bonds, are actually down since March 2020 (which is highly unusual for bond funds over that long of a period). So a typical 401k investment of 70/30 stocks:bonds would be expected to have done significantly worse than 100% stock. See: https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&sl=3wzIVO1Rl5GptiQoHZTmBZ https://www.portfoliovisualizer.com/backtest-asset-class-all...