NZ Super 80/20

The 80% growth and 20% fixed income reference portfolio of New Zealand’s superannuation fund. US stocks and Treasuries stand in for its global holdings.

What it holds

AssetShare
US stocks, whole market80%
US 10-year Treasury bonds20%

How it did, 1926-07 to 2026-09

6.5%
Per year after inflation (9.7% before)
14.7%
Volatility
-65%
Worst drop, 1929 to 1932
3.73%
Safe withdrawal rate over 30 years, 4.34% over 20

Best and worst calendar years

BestReturn
1933+50.9%
1954+39.8%
1935+36.4%
1995+34.3%
1958+33.6%
WorstReturn
1931−34.9%
1937−27.7%
2008−26.9%
1930−22.4%
1974−21.7%

Open in the backtest tool Test a withdrawal rate

US dollars, rebalanced yearly, before tax and fund costs. Past results are not a promise about the future, and nothing here is investment advice.