⚖️ The 60/40 portfolio returned -16% in 2022. With inflation persistent and rate cuts delayed, your allocation needs to account for real returns, not just nominal ones. Find the right mix for this environment below. Why traditional allocations fail →

Asset Allocation Calculator

Find your ideal portfolio allocation by age and risk tolerance. Compare the 60/40 portfolio, 3 fund portfolio, and more — with a built-in rebalancing calculator.

8.7%
60/40 Annual Return
10.2%
S&P 500 Average
−33%
Max Drawdown 60/40
0.03%
VTI Expense Ratio

Asset Allocation by Age Calculator

Enter your age, risk tolerance, and portfolio value to get a personalized asset allocation recommendation. Our calculator uses the "100 minus age" rule as a baseline, adjusted for your risk profile.

📊 Your Details

Stocks
Bonds
Cash
Stocks $
Bonds $
Cash $

Popular Asset Allocation Strategies

Click any preset to see how it compares. These are the most widely-used asset allocation models recommended by financial advisors.

100 Minus Age

Classic rule: Stock % = 100 − your age. Simple and age-adjusted.

60/40 Portfolio

60% stocks, 40% bonds. The traditional balanced portfolio benchmark.

80/20 Growth

80% stocks, 20% bonds. For growth-oriented investors with longer time horizons.

Bogleheads 3-Fund

VTI + VXUS + BND. Total market exposure at minimal cost.

All-Weather (Dalio)

30% stocks, 55% bonds, 7.5% gold, 7.5% commodities. Built for any environment.

Recommended Stock Allocation by Age

This chart illustrates how your recommended stock percentage decreases as you age, based on the "100 minus age" rule with risk-tolerance adjustments for conservative (−10%), moderate (baseline), and aggressive (+10%) investors.

Historical Performance by Allocation (30 Years)

Compare how $10,000 invested in 1994 would have grown under different stock/bond allocations. The 100/0 portfolio delivered the highest returns but with significantly more volatility.

Risk & Return Tradeoff Table

Historical performance data for different asset allocation models, based on US stock and bond returns from 1994–2024.

AllocationAvg. Annual ReturnBest YearWorst YearMax DrawdownStd. Deviation
100/0 (All Stock)10.2%+33.4%−37.0%−50.9%15.2%
80/209.4%+28.1%−28.5%−40.6%12.1%
60/408.7%+22.8%−20.1%−33.1%9.5%
40/607.5%+19.2%−11.8%−21.3%6.8%
All-Weather7.8%+17.6%−3.9%−12.1%5.9%

Portfolio Rebalancing Calculator

Enter your current holdings and target allocation to see exactly what trades are needed to rebalance. A portfolio rebalancing calculator helps you maintain your target asset allocation over time.

🔄 Rebalance Your Portfolio

Asset Class Current ($) Target (%)
Stocks
Bonds
Cash
Stocks
Bonds
Cash

3 Fund Portfolio — The Bogleheads Way

The 3 fund portfolio is the simplest way to build a diversified, low-cost investment portfolio. Popularized by the Bogleheads community, it uses just three total-market index funds to capture virtually the entire global stock and bond market.

VTI
Vanguard Total Stock Market ETF
Expense Ratio: 0.03%
VXUS
Vanguard Total International Stock ETF
Expense Ratio: 0.07%
BND
Vanguard Total Bond Market ETF
Expense Ratio: 0.03%
Age RangeVTI (US Stocks)VXUS (Intl Stocks)BND (Bonds)
20–3054%36%10%
30–4048%32%20%
40–5039%21%40%
50–6030%20%50%
60+24%16%60%

5 Key Asset Allocation Insights

What Is Asset Allocation?

Asset allocation is the process of dividing your investment portfolio among different asset categories — primarily stocks, bonds, and cash equivalents. It is widely considered the single most important decision an investor makes, with studies suggesting it accounts for over 90% of a portfolio's return variability.

Why Asset Allocation Matters

Different asset classes behave differently under various economic conditions. Stocks tend to outperform during economic expansions, while bonds often provide stability during recessions. By combining assets that don't move in perfect lockstep (low correlation), you can build a portfolio that delivers more consistent returns with lower risk.

Strategic vs. Tactical Asset Allocation

Strategic asset allocation sets a long-term target mix (like a 60/40 portfolio) and rebalances periodically to maintain it. Tactical asset allocation actively adjusts the mix based on market conditions — for example, reducing stock exposure when valuations appear stretched. Most individual investors benefit from a strategic, rules-based approach using an asset allocation calculator.

The Role of Age in Asset Allocation

Your age is the primary input in most asset allocation models because it determines your investment time horizon. Younger investors can afford more volatility (and thus more stocks) because they have decades to recover from market downturns. The classic "100 minus age" rule provides a simple starting point: a 30-year-old would hold 70% stocks and 30% bonds. Modern variants use "110 minus age" or "120 minus age" to account for longer life expectancies and lower bond yields.

Asset Allocation vs. Diversification

While often confused, asset allocation and diversification are distinct concepts. Asset allocation is the high-level split between asset classes (stocks vs. bonds vs. cash). Diversification is spreading investments within each class — for example, holding both US and international stocks, or both corporate and government bonds. A well-designed portfolio employs both strategies, which is exactly what the 3 fund portfolio achieves.

Frequently Asked Questions

What is the best asset allocation by age?
A common rule of thumb is the "100 minus age" rule: subtract your age from 100 to get your stock allocation percentage. A 30-year-old would hold 70% stocks and 30% bonds. More aggressive investors use "110 minus age" or "120 minus age" instead. Our asset allocation calculator adjusts for your specific risk tolerance.
Is a 60/40 portfolio still a good strategy?
The 60/40 portfolio (60% stocks, 40% bonds) has historically returned about 8.7% annually with lower volatility than an all-stock portfolio. While it underperformed in the 2022 rising-rate environment, it remains a solid baseline for moderate-risk investors seeking balance between growth and stability.
What is a 3 fund portfolio?
A 3 fund portfolio, popularized by Bogleheads, consists of three index funds: a total US stock market fund (VTI), an international stock fund (VXUS), and a total bond market fund (BND). This simple approach provides broad diversification at minimal cost, typically with expense ratios under 0.10%.
How often should I rebalance my portfolio?
Most financial advisors recommend rebalancing once or twice per year, or whenever your allocation drifts more than 5% from your target. Our portfolio rebalancing calculator helps you determine exactly what to buy and sell to get back to your target asset allocation.
What is Ray Dalio's All-Weather portfolio?
Ray Dalio's All-Weather portfolio is designed to perform well in any economic environment. It allocates 30% stocks, 40% long-term bonds, 15% intermediate-term bonds, 7.5% gold, and 7.5% commodities. It has historically delivered steady returns with significantly lower drawdowns than a traditional stock-heavy portfolio.