I am a great believer in arranging ones retirement income as much as possible with a steady stream of money that does not deplete accumulated assets.
There are several ways to do that. 🤑 buy a life annuity with just a portion of your savings. 🤑 invest in a bond mutual fund making regular interest payments 🤑 buy stocks that have a good record of dividend payments.
Here is a list of companies from Kiplinger that have paid a dividend ever year for over 100 years. I can add another company that has paid a dividend every year since 1907, Public Service Enterprise Group (PEG) where I worked for forty-eight years.
I suggest start making these purchases (outside any retirement plan) when you are young; have all dividends and interest reinvested until you actually need the money in retirement and then convert to cash payments. This income plus Social Security will give you a cushion of steady income that may help minimize use of retirement funds or smooth out your income during bear markets.
Something to think about anyway.