Capital Market Assumptions

Our long-term expectations for return and volatility for broad asset classes

View our detailed white paper and illustrative charticle about our Capital Market Assumptions.

Callan's 10-Year Assumptions by Asset Class

Explore our long-term outlook for return and risk for all of the major asset classes. In this chart, you can view those assumptions by asset class type, such as equities or fixed income. Our complete set of projections is also available in this “charticle,” which includes our reasoning for the assumptions for each asset class; risk and returns for all the asset mixes we tested; correlation expectations; and how historical returns have compared to our historical assumptions. Go even deeper into our analysis in our white paper.

View the Webinar: Behind Our Capital Market Assumptions

This webinar, presented by Callan President Jim Callahan and Director of Capital Markets Research Jay Kloepfer, details the process and rationale behind our long-term assumptions and the potential implications for strategic recommendations.

Download the Presentation  >

How does asset allocation affect risk and return? Select different mixes below to see.

History of Our Assumptions

Look back over the last two decades to see how our projections have changed. Hover over any point on the time line to view projections for any year over the last 20. Click on a specific asset class to highlight its changes over the whole time period.

Questions? Contact our Capital Markets Research Group at 415.974.5060