It is well known that repeatedly studying facts results in decreased reaction times. This finding is typically explained by an increased strength of the memory trace leading to a reduction of the duration of the memory retrieval. However, direct evidence for this hypothesis has been scarce. Here, we present such evidence from a vocabulary learning task in an electroencephalography (EEG) and a magnetoencephalography (MEG) experiment. To estimate the duration of the memory retrievals directly, we applied hidden semi-Markov model multivariate pattern analysis (HsMM-MVPA). HsMM-MVPA results identified eight cognitive processing stages, seven of which remained the same irrespective of number of repetitions and difficulty of the items, but one stage showed different durations across conditions. We found that the duration of this stage – which we labelled retrieval – correlated with the number of repetitions and item difficulty. During this retrieval stage, MEG source localization results revealed extensive activation of prefrontal and temporal regions. We conclude that decreased reaction times due to repeatedly studying facts are indeed caused by a single cognitive stage decreasing in duration. This stage was defined by strong co-activation of temporal and prefrontal brain regions, related to memory retrieval and representation.