• We've redesigned our web experience with you in mind. Take a look and tell us what you think.

    Visit beta.tsp.gov.

  • Desktop browser and smartphone displaying redesigned homepage of tsp.gov
L 2040
Who Should Invest

For participants who will withdraw their money beginning 2035 through 2044.


To achieve a high level of growth with a low emphasis on preservation of assets.

Asset Allocations:

The Fund's allocation in the G, F, C, S, and I Funds is adjusted quarterly. To see how this works, use the slide bar below the pie chart. The total stock allocation for L 2040 will hold steady until October 2028. L 2040 will roll into the L Income Fund automatically in July 2040 when its allocation becomes the same as the allocation of the L Income Fund.

Monthly Returns (Last 12 Months)
Monthly Returns (Last 12 Months)
Annual Returns
Annual Returns
Average Annual Returns (As of December 2019)
  L 2040 Fund*
Since August 1, 20057.24% 
*After expenses
Growth of $100 since Inception
Growth of $100 since Inception