Fidelity Freedom® Funds

Not sure how to invest for the future? We can help. Target date funds help take the guesswork out of investing for retirement.

Why consider target date investing with Fidelity?

Investing for retirement, simplified

Choose the fund that best aligns with your planned retirement year to get a complete portfolio in a single investment.

Investments are diversified

Each fund invests in a mix of different types of assets, offering growth potential while helping reduce risk.

Ongoing professional management

Fidelity's investment team gradually shifts and regularly rebalances the asset mix of each fund, providing a hassle-free way to invest.

How Fidelity Freedom® Funds work

Learn more about Freedom® Funds (PDF)


Determine your retirement year


Select the fund that matches your retirement year


Start investing for your future

How do I choose a Freedom Fund?

The "target date" of a target date fund is the anticipated year of retirement: each of our 14 Fidelity Freedom Funds has a year in its name.

Choose a Fidelity Freedom Fund based on the year you expect to retire. You don't need to adjust your asset allocation over time because Fidelity Freedom Funds become more conservative the closer you get to retirement.

Adjust the interactive widget below to the number of years until you want to retire, then click Submit.

The displayed Freedom Fund's asset allocation, which may be subject to change, reduces its equity exposure as the fund's target date approaches, thus becoming more conservative.

Search for a Fidelity Freedom Fund

Ready to get started?

Open an account

Use the tool to determine the year

Buy the fund

NEW Looking for a sustainable target date investment option?

Fidelity® Sustainable Target Date Funds invest primarily in a diversified mix of sustainable assets that adjust over time based on an investor's target retirement date*, providing a lifetime investment option in a single fund.

Learn more


  • How should I know if a target date fund is right for me?

    If you're looking to save for retirement but don't have the time, expertise, or interest in building, and adjusting a diversified investment portfolio—a target date fund may make sense for you.

  • How much should I invest in a Freedom® Fund?

    How much to invest is a personal decision based on an individual’s financial situation, goals, and other factors. Before investing, you should consider the investment objectives, risks, charges and expenses of the fund and its investment options. There are no initial purchase minimums for the Fidelity Freedom® Funds.

  • Do I need more than one target date fund?

    No, each target date fund is a diversified portfolio for investors with a similar target retirement date in mind, so there is no need to hold multiple target date funds. Investors that choose to mix their target date funds with other investments may want to periodically evaluate their entire portfolio's asset allocation to make sure it's in line with targets their goals.

  • Are all target date funds the same?

    Looking across different providers, every target date strategy is different. From investment-related attributes such as the goal of the strategy, to the design and portfolio construction, to fees and expenses. Each of these attributes can result in meaningful differences in the performance and risk of an individual target date portfolio – and ultimately investor outcomes. For example, the asset allocation (i.e. the types of assets the fund invests in, and the % mix in each asset class over time) can vary among providers due to differing views and research inputs. (Some target date funds invest more aggressively than others). Target date funds also are offered in different management styles, for example: active, blend, or index-based approaches. Finally, the performance and cost of a target date strategy can also differ significantly across providers.

    Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. For more information, you can find the fund's prospectus, reports to shareholders, and other information about the fund (including the fund's SAI) online at

  • What are some of the risks of investing in target date funds?

    Potential investors should note that no target date fund is intended as a complete retirement program and there is no guarantee that any single fund will provide sufficient retirement income at or through your retirement. The fund's share price fluctuates, which means you could lose money by investing in the fund, including losses near, at or after the target retirement date. Diversification does not ensure a profit or guarantee against a loss.

  • Why should investors consider Fidelity for target date funds?

    Fidelity is an industry leader in target date investing and has been managing target date portfolios since 1996. Today millions of shareholders are invested in Freedom® Funds and Fidelity is one of the largest asset managers in the world.1 Investors in Fidelity's target date portfolios can benefit from a time-tested investment process that is backed by a large and dedicated research team focused on target date investing. To meet the varying needs of investors Fidelity offers a choice of active, blend, and index target date funds with competitive fees. Learn more about Fidelity Mutual Funds