Historical and expected returns

 provides historical market data from Burton Malkiel as well as estimates of future market returns from John Bogle, William Bernstein and Rick Ferri.

Burton Malkiel
Burton Malkiel, author of A Random Walk Down Wall Street provides historic asset class returns.


 * Annual Returns on Stock, T.Bonds and T.Bills: 1928 - Current

John Bogle
John Bogle with reasonable expectations for stocks and bonds over the next ten years, using his own "Occam's razor" model, published in October 2015. Note: bonds expected return assumes accepting slight additional credit risk and interest rate risk vs. the broad bond market.

William Bernstein
William Bernstein with a summary of reasonable expected returns over the next ten years, derived from the dividend discount model, published in 2014.

Bernstein's estimates in 2002 are below:

Rick Ferri
Rick Ferri, author of All About Asset Allocation

The table below is an expected return for all major equity and fixed income asset classes over the next thirty-years. It could be used as guide when constructing a long-term diversified portfolio. These estimates are not expected to be completely accurate. Actual returns will likely differ in several asset classes.