Fidelity Freedom Index 2060 Fund
Figures last verified October 31, 2026
All-index target-date fund de-risking toward 2060; currently ~90% global equities and will remain so for years.
A 22-year-old's ideal first fund needs three properties: no minimum, nearly all stocks, and nothing to fiddle with. FDKLX checks all three — $0 to start, ~90% global equity indexes, and a glide path that won't matter for two decades. With Fidelity's zero-minimum platform, a first-paycheck saver can start with $50 and a payroll deduction, which is the entire game at that age.
Between this and Vanguard's 2060 fund, the honest differentiator for a beginner is Fidelity's $0 minimum versus Vanguard's $1,000 — the allocation differences are trivia. One suggestion for new owners: read your fund's glide path once, now, so that when the first real crash arrives you already know the fund's plan is 'do nothing differently.' That single piece of foreknowledge is worth more than any fund selection.
First-job savers who want zero-minimum, zero-maintenance investing.
FDKLX alternatives & comparable funds
If you’re weighing FDKLX against the field, these are the funds most investors line it up against — same job, different provider, slightly different terms.
| Fund | Family | Expense Ratio | Minimum |
|---|---|---|---|
| FDKLX — Fidelity Freedom Index 2060 Fund | Fidelity | 0.12% | $0 |
| VTTSX — Vanguard Target Retirement 2060 Fund | Vanguard | 0.08% | $1,000 |
| SWYNX — Schwab Target 2060 Index Fund | Schwab | 0.08% | $1 |
| FIPFX — Fidelity Freedom Index 2050 Fund | Fidelity | 0.12% | $0 |
Frequently asked questions
What is the expense ratio of FDKLX?
FDKLX (Fidelity Freedom Index 2060 Fund) has an expense ratio of 0.12%, which works out to roughly $12 per year for every $10,000 invested. That is moderate — cheap for an actively managed fund, but several times what a comparable index fund charges.
What is the minimum investment for FDKLX?
FDKLX has no minimum initial investment — you can start with any amount.
What does FDKLX invest in?
All-index target-date fund de-risking toward 2060; currently ~90% global equities and will remain so for years. It falls in the target-date category and is a target-date fund.
What are good alternatives to FDKLX?
The funds most often compared with FDKLX are VTTSX, SWYNX, FIPFX — broadly similar exposure from different providers, with small differences in fee, minimum, and portability that usually come down to which brokerage holds your account.
Expense ratio and minimum for FDKLX drawn from Fidelity fund documentation; last verified October 31, 2026. Figures change — confirm against the official prospectus before investing. This review is editorial opinion, not investment advice.