Fidelity Freedom Index 2040 Fund
Figures last verified October 31, 2026
All-index target-date fund de-risking toward 2040; currently equity-heavy across US and international index funds.
FBIFX is the all-index, one-decision retirement fund for a 2040 retirement: heavy global equity now, mechanical de-risking later, 0.12% all-in, zero minimum. It's the direct competitor to Vanguard's VFORX, and the differences — a few basis points, slightly different international weights and glide-path timing — are the kind of thing fund analysts debate and outcomes ignore.
What actually decides this choice is logistics: hold the series that lives where your money lives, because target-date funds work best as the entire account, contributions flowing in untouched for decades. The series' only real hazard is its active-fund doppelganger sharing the Freedom name at multiples of the fee; verify 'Index' appears on your statement and the rest takes care of itself.
Mid-career savers wanting one all-index fund in a Fidelity account.
FBIFX alternatives & comparable funds
If you’re weighing FBIFX 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 |
|---|---|---|---|
| FBIFX — Fidelity Freedom Index 2040 Fund | Fidelity | 0.12% | $0 |
| VFORX — Vanguard Target Retirement 2040 Fund | Vanguard | 0.08% | $1,000 |
| SWYGX — Schwab Target 2040 Index Fund | Schwab | 0.08% | $1 |
| FXIFX — Fidelity Freedom Index 2030 Fund | Fidelity | 0.12% | $0 |
Head-to-head comparisons
Frequently asked questions
What is the expense ratio of FBIFX?
FBIFX (Fidelity Freedom Index 2040 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 FBIFX?
FBIFX has no minimum initial investment — you can start with any amount.
What does FBIFX invest in?
All-index target-date fund de-risking toward 2040; currently equity-heavy across US and international index funds. It falls in the target-date category and is a target-date fund.
What are good alternatives to FBIFX?
The funds most often compared with FBIFX are VFORX, SWYGX, FXIFX — 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 FBIFX 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.