3. Invest For Retirement
Major market environments, average annual total returns 1926 - 2008
Source: ChartSource, Standard & Poor's Financial Communications. Stocks are represented by the total returns of Standard & Poor's Composite Index of 500 Stocks, an unmanaged index that is generally considered representative of the U.S. stock market. Bonds are represented by the total returns of the composite of long-term government bonds (10+ years), constructed from yields published by the Federal Reserve, and the Barclays Long-Term Government Bond index. Cash is represented by the composite of the yield of 3-month Treasury bills published by Federal Reserve and the total return of the Barclays 3-Month Treasury Bill index. Inflation is represented by the change in the Consumer Price Index. Note that prior to November 2008, the Barclays indexes were calculated by Lehman Brothers. Past performance is not a guarantee of future results. (CS000031)
This chart compares the annualized total returns of stocks, bonds, and cash and inflation, through December 31, 2008, over the past 5-, 10-, and 20-year periods and since 1926.