DFA Dimensional 2030 Retirement Income Portfolio vs Burton Malkiel Late Sixties and Beyond Portfolio Portfolio Comparison

Simulation Settings

Period: January 1985 - May 2025 (~40 years)
Consolidated Returns as of 31 May 2025

Initial Amount: 1$

Rebalancing: at every Jan 1^st

Currency: USD

Inflation: US

(Change Settings)

Results

30 Years
(1995/06 - 2025/05)

All Data
(1985/01 - 2025/05)

Inflation Adjusted:

DFA Dimensional 2030 Retirement Income Portfolio

1.00$
Invested Capital
June 1995
8.69$
Final Capital
May 2025
7.47%
Yearly Return
9.21%
Std Deviation
-31.78%
Max Drawdown
36months
Recovery Period

1.00$
Invested Capital
June 1995
4.12$
Final Capital
May 2025
4.83%
Yearly Return
9.21%
Std Deviation
-32.91%
Max Drawdown
40months
Recovery Period

1.00$
Invested Capital
January 1985
35.12$
Final Capital
May 2025
9.20%
Yearly Return
9.45%
Std Deviation
-31.78%
Max Drawdown
36months
Recovery Period

1.00$
Invested Capital
January 1985
11.55$
Final Capital
May 2025
6.24%
Yearly Return
9.45%
Std Deviation
-32.91%
Max Drawdown
40months
Recovery Period

Burton Malkiel Late Sixties and Beyond Portfolio

1.00$
Invested Capital
June 1995
11.50$
Final Capital
May 2025
8.48%
Yearly Return
11.70%
Std Deviation
-41.80%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
June 1995
5.46$
Final Capital
May 2025
5.82%
Yearly Return
11.70%
Std Deviation
-42.76%
Max Drawdown
42months
Recovery Period

1.00$
Invested Capital
January 1985
43.64$
Final Capital
May 2025
9.79%
Yearly Return
11.55%
Std Deviation
-41.80%
Max Drawdown
38months
Recovery Period

1.00$
Invested Capital
January 1985
14.36$
Final Capital
May 2025
6.81%
Yearly Return
11.55%
Std Deviation
-42.76%
Max Drawdown
42months
Recovery Period

As of May 2025, in the previous 30 Years, the DFA Dimensional 2030 Retirement Income Portfolio obtained a 7.47% compound annual return, with a 9.21% standard deviation. It suffered a maximum drawdown of -31.78% that required 36 months to be recovered.

As of May 2025, in the previous 30 Years, the Burton Malkiel Late Sixties and Beyond Portfolio obtained a 8.48% compound annual return, with a 11.70% standard deviation. It suffered a maximum drawdown of -41.80% that required 38 months to be recovered.

Disclaimer: The simulations on this website are provided in good faith but should NOT be taken as investment advice. We are not liable for any errors or actions based on this information. The authors of the website are not affiliated with the portfolio creators, who are the sole owners of their intellectual property. The translation of asset allocations into ETFs is based on the interpretation of LazyPortfolioETF.com and may not exactly reflect the original intent of the portfolio creators. Content is for informational, educational, illustrative, and entertainment purposes only.

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Asset Allocations and ETFs

The compared portfolios have the following asset allocations.

DFA Dimensional 2030 Retirement Income Portfolio

Weight (%)	Ticker	Name
17.50	VTI	Vanguard Total Stock Market
17.50	VV	Vanguard Large-Cap
10.50	VEA	Vanguard FTSE Developed Markets
5.20	EEM	iShares MSCI Emerging Markets
5.20	VEU	Vanguard FTSE All-World ex-US
31.90	TIP	iShares TIPS Bond
6.10	BSV	Vanguard Short-Term Bond
6.10	BNDX	Vanguard Total International Bond

Burton Malkiel Late Sixties and Beyond Portfolio

Weight (%)	Ticker	Name
20.00	VTI	Vanguard Total Stock Market
16.00	VIG	Vanguard Dividend Appreciation
15.00	VNQ	Vanguard Real Estate
10.00	EEM	iShares MSCI Emerging Markets
10.00	EFA	iShares MSCI EAFE
10.00	BIL	SPDR Blmbg Barclays 1-3 Mth T-Bill
9.50	EMB	iShares JP Morgan USD Em Mkts Bd
9.50	LQD	iShares Investment Grade Corporate Bond

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Portfolio Returns as of May 31, 2025

Returns are calculated in USD, assuming:

no fees or capital gain taxes.
rebalancing: at every Jan 1^st.
dividend reinvestment, when applicable.

Return Comparison

Capital Growth

30 Years
(1995/06 - 2025/05)

All Data
(1985/01 - 2025/05)

Inflation Adjusted:

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dimensional 2030 Retirement Income DFA	1 $	8.69 $	768.70%	7.47%
Late Sixties and Beyond Burton Malkiel	1 $	11.50 $	1 050.16%	8.48%
	Jun 1995	May 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dimensional 2030 Retirement Income DFA	1 $	4.12 $	312.05%	4.83%
Late Sixties and Beyond Burton Malkiel	1 $	5.46 $	445.55%	5.82%
	Jun 1995	May 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dimensional 2030 Retirement Income DFA	1 $	35.12 $	3 412.01%	9.20%
Late Sixties and Beyond Burton Malkiel	1 $	43.64 $	4 263.88%	9.79%
	Jan 1985	May 2025

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	Initial Amount $	Final Amount $	Total Return (%)	Annualized (%)
Dimensional 2030 Retirement Income DFA	1 $	11.55 $	1 055.47%	6.24%
Late Sixties and Beyond Burton Malkiel	1 $	14.36 $	1 335.74%	6.81%
	Jan 1985	May 2025

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		Return (%) as of May 31, 2025
		YTD (5M)	1M	6M	1Y	5Y	10Y	30Y	MAX (~40Y)
	Dimensional 2030 Retirement Income DFA	4.66	2.91	2.36	10.29	8.00	6.60	7.47	9.20
	Late Sixties and Beyond Burton Malkiel	3.89	3.02	0.33	10.53	8.54	6.93	8.48	9.79
Returns over 1 year are annualized.

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Portfolio Metrics as of May 31, 2025

The following metrics, updated as of 31 May 2025, provide an overview of performance and risk, with the best value in each row highlighted within the table.

METRIC COMPARISON

Period: 1 June 2024 - 31 May 2025 (1 year)

Period: 1 June 2020 - 31 May 2025 (5 years)

Period: 1 June 2015 - 31 May 2025 (10 years)

Period: 1 June 1995 - 31 May 2025 (30 years)

Period: 1 January 1985 - 31 May 2025 (~40 years)

1 Year

5 Years

10 Years

30 Years

All (1985/01 - 2025/05)

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	Dimensional 2030 Retirement Income	Late Sixties and Beyond
Author	DFA	Burton Malkiel
ASSET ALLOCATION
Stocks	55.9%	71%
Fixed Income	44.1%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	10.29	10.53
Infl. Adjusted (%)	7.74	7.96
DRAWDOWN
Deepest Drawdown Depth (%)	-2.20	-3.43
Start to Recovery (months)	2	6
Longest Drawdown Depth (%)	-1.75	-3.43
Start to Recovery (months)	3	6
Longest Negative Period (months)	6	7
RISK INDICATORS
Standard Deviation (%)	6.02	7.77
Sharpe Ratio	0.93	0.75
Sortino Ratio	1.15	0.93
Ulcer Index	0.99	1.53
Ratio: Return / Standard Deviation	1.71	1.36
Ratio: Return / Deepest Drawdown	4.68	3.07
Metrics calculated over the period 1 June 2024 - 31 May 2025

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	Dimensional 2030 Retirement Income	Late Sixties and Beyond
Author	DFA	Burton Malkiel
ASSET ALLOCATION
Stocks	55.9%	71%
Fixed Income	44.1%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	8.00	8.54
Infl. Adjusted (%)	3.23	3.75
DRAWDOWN
Deepest Drawdown Depth (%)	-20.34	-22.44
Start to Recovery (months)	27	30
Longest Drawdown Depth (%)	-20.34	-22.44
Start to Recovery (months)	27	30
Longest Negative Period (months)	34	34
RISK INDICATORS
Standard Deviation (%)	10.37	12.29
Sharpe Ratio	0.52	0.48
Sortino Ratio	0.69	0.66
Ulcer Index	7.20	8.16
Ratio: Return / Standard Deviation	0.77	0.70
Ratio: Return / Deepest Drawdown	0.39	0.38
Metrics calculated over the period 1 June 2020 - 31 May 2025

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	Dimensional 2030 Retirement Income	Late Sixties and Beyond
Author	DFA	Burton Malkiel
ASSET ALLOCATION
Stocks	55.9%	71%
Fixed Income	44.1%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	6.60	6.93
Infl. Adjusted (%)	3.42	3.74
DRAWDOWN
Deepest Drawdown Depth (%)	-20.34	-22.44
Start to Recovery (months)	27	30
Longest Drawdown Depth (%)	-20.34	-22.44
Start to Recovery (months)	27	30
Longest Negative Period (months)	34	34
RISK INDICATORS
Standard Deviation (%)	9.47	11.53
Sharpe Ratio	0.51	0.45
Sortino Ratio	0.67	0.59
Ulcer Index	5.55	6.43
Ratio: Return / Standard Deviation	0.70	0.60
Ratio: Return / Deepest Drawdown	0.32	0.31
Metrics calculated over the period 1 June 2015 - 31 May 2025

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	Dimensional 2030 Retirement Income	Late Sixties and Beyond
Author	DFA	Burton Malkiel
ASSET ALLOCATION
Stocks	55.9%	71%
Fixed Income	44.1%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	7.47	8.48
Infl. Adjusted (%)	4.83	5.82
DRAWDOWN
Deepest Drawdown Depth (%)	-31.78	-41.80
Start to Recovery (months)	36	38
Longest Drawdown Depth (%)	-15.10	-41.80
Start to Recovery (months)	38	38
Longest Negative Period (months)	60	62
RISK INDICATORS
Standard Deviation (%)	9.21	11.70
Sharpe Ratio	0.56	0.53
Sortino Ratio	0.74	0.68
Ulcer Index	6.19	7.71
Ratio: Return / Standard Deviation	0.81	0.73
Ratio: Return / Deepest Drawdown	0.24	0.20
Metrics calculated over the period 1 June 1995 - 31 May 2025

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	Dimensional 2030 Retirement Income	Late Sixties and Beyond
Author	DFA	Burton Malkiel
ASSET ALLOCATION
Stocks	55.9%	71%
Fixed Income	44.1%	29%
Commodities	0%	0%
PERFORMANCES
Annualized Return (%)	9.20	9.79
Infl. Adjusted (%)	6.24	6.81
DRAWDOWN
Deepest Drawdown Depth (%)	-31.78	-41.80
Start to Recovery (months)	36	38
Longest Drawdown Depth (%)	-15.10	-41.80
Start to Recovery (months)	38	38
Longest Negative Period (months)	60	62
RISK INDICATORS
Standard Deviation (%)	9.45	11.55
Sharpe Ratio	0.64	0.57
Sortino Ratio	0.85	0.74
Ulcer Index	5.65	7.04
Ratio: Return / Standard Deviation	0.97	0.85
Ratio: Return / Deepest Drawdown	0.29	0.23
Metrics calculated over the period 1 January 1985 - 31 May 2025

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

DRAWDOWN COMPARISON

Period: 1 June 1995 - 31 May 2025 (30 years)

Period: 1 January 1985 - 31 May 2025 (~40 years)

30 Years
(1995/06 - 2025/05)

Chart Table

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Dimensional 2030 Retirement Income			Late Sixties and Beyond
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-41.80	38	Nov 2007 Dec 2010
-31.78	36	Nov 2007 Oct 2010
			-22.44	30	Jan 2022 Jun 2024
-20.34	27	Jan 2022 Mar 2024
			-16.82	8	Jan 2020 Aug 2020
			-16.48	12	May 1998 Apr 1999
-15.10	38	Sep 2000 Oct 2003
			-13.38	10	May 2011 Feb 2012
			-12.20	13	May 2002 May 2003
-11.58	6	Feb 2020 Jul 2020
-9.50	9	May 2011 Jan 2012
			-9.27	13	Feb 2001 Feb 2002
-8.22	5	Jul 1998 Nov 1998
			-8.08	13	Feb 2018 Feb 2019
			-7.72	16	Mar 2015 Jun 2016

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Dimensional 2030 Retirement Income			Late Sixties and Beyond
Drawdown (%)	Recovery (#Months)	From To	Drawdown (%)	Recovery (#Months)	From To
			-41.80	38	Nov 2007 Dec 2010
-31.78	36	Nov 2007 Oct 2010
			-22.44	30	Jan 2022 Jun 2024
-20.34	27	Jan 2022 Mar 2024
			-19.08	17	Sep 1987 Jan 1989
			-16.82	8	Jan 2020 Aug 2020
			-16.48	12	May 1998 Apr 1999
-15.36	16	Sep 1987 Dec 1988
-15.10	38	Sep 2000 Oct 2003
			-13.63	7	Aug 1990 Feb 1991
			-13.38	10	May 2011 Feb 2012
			-12.20	13	May 2002 May 2003
-11.58	6	Feb 2020 Jul 2020
-10.69	7	Aug 1990 Feb 1991
-9.50	9	May 2011 Jan 2012

Rolling Returns

By selecting the 'Rolling Period', the chart and data will update. To study a different date range, change the Simulation Settings.

You can explore the Rolling Returns for a single portfolio, or check the return differential, by switching on "Head To Head" toggle.

Rolling Returns Comparison

Annualized Rolling Returns Chart

Rolling Returns Chart - Inflation Adjusted

Time Period: 1 January 1985 - 31 May 2025 (~40 years)

Rolling Period:

Dimensional 2030 Retirement Income
Late Sixties and Beyond

Head To Head (Ptf 1 vs Ptf 2):

US Inflation Adjusted:

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Yearly Returns

For each year, the following table provides the return and intra-year drawdown. The highlighted returns represent the highest values for that specific year.

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	Dimensional 2030 Retirement Income		Late Sixties and Beyond
Year	Return (%)	Drawdown (%)	Return (%)	Drawdown (%)
2025	4.66	-1.75	3.89	-2.53
2024	10.52	-2.68	10.33	-3.56
2023	14.37	-6.81	14.40	-8.53
2022	-15.68	-20.34	-16.23	-22.44
2021	12.36	-2.79	15.40	-3.79
2020	13.87	-11.58	10.03	-16.82
2019	18.74	-2.99	22.55	-3.12
2018	-4.97	-7.57	-5.90	-8.08
2017	14.85	0.00	16.49	0.00
2016	7.26	-2.45	8.48	-3.07
2015	-1.32	-6.97	-1.63	-7.72
2014	5.23	-2.58	9.01	-3.10
2013	11.66	-3.78	12.49	-4.03
2012	12.36	-4.05	14.20	-5.09
2011	2.36	-9.50	1.01	-13.38
2010	10.90	-6.53	14.47	-8.21
2009	22.15	-11.27	25.30	-17.05
2008	-21.57	-25.38	-26.02	-31.57
2007	10.20	-1.97	5.18	-5.15
2006	11.79	-2.25	20.06	-2.71
2005	7.33	-2.02	9.86	-2.99
2004	11.75	-3.31	14.78	-7.04
2003	22.57	-1.69	29.73	-0.86
2002	-4.09	-9.28	-5.70	-12.20
2001	-3.94	-11.17	5.85	-9.27
2000	-0.49	-5.91	2.46	-6.12
1999	15.39	-2.49	12.48	-4.06
1998	15.08	-8.22	5.92	-16.48
1997	14.36	-4.20	15.13	-4.83
1996	10.23	-2.48	18.95	-2.65
1995	22.89	-0.22	20.20	-1.35
1994	-1.78	-6.92	-3.17	-7.20
1993	19.97	-2.72	23.51	-2.85
1992	3.96	-4.06	4.84	-2.71
1991	26.29	-3.29	33.86	-3.74
1990	-2.02	-10.69	-5.42	-13.63
1989	23.94	-0.66	26.07	-1.94
1988	14.85	-2.75	16.73	-2.39
1987	4.04	-15.36	-0.94	-19.08
1986	23.82	-4.63	18.93	-4.58
1985	31.63	-1.43	27.52	-2.25

Table of contents

Resources & Extras

Asset Allocations and ETFs

Portfolio Returns as of May 31, 2025

Portfolio Metrics as of May 31, 2025

Drawdowns

Rolling Returns

Yearly Returns