To achieve enduring retention, people must usually study information on multiple occasions. How does the timing of study events affect retention? Prior research has examined this issue only in a spotty fashion, usually with very short time intervals. To characterize spacing effects over significant durations, over 1350 individuals were taught a set of facts and – after a gap of up to 3.5 months – given a review on the same facts. A final test was administered at a further delay of up to 1 year. At any given retention interval, an increase in the inter-study gap at first increased, and then gradually reduced, test performance. The optimum gap value was about 20% of the test delay for delays of a few weeks, falling to about 5% when delay was one year. The interaction of gap and test delay implies that many educational practices are likely to be highly inefficient.