> I moved 80% of my money out of Vanguard's Target Date Retirement funds

which target date fund exactly? You can increase risk/reward buy choosing a target date fund far in the future or you can reduce risk/reward by choosing a target date fund closer to the present. The point of those funds is to gradually reduce your risk as you get closer to your planned retirement date. I moved my 401k into a target date fund about +10 years from my planned retirement (I'm 50). So a little bit on the risk++ side but not much.

2045. When they hit their target date, they are still exposed about 50% to stocks, which is more than I want right now.

https://workplace.vanguard.com/investments/product-details/f...

You want to search for the chart at "Allocation to underlying funds (actual)"