A line chart showing median equity allocation by age, from the early 20s to the mid-80s. The x-axis shows age, and the y-axis shows median equity allocation as a percentage. The chart includes two lines: Investor and Not investor. At most ages, the Investor line is above the Not investor line, while both generally track near the Glide path line and decline over time. For example, around age 25, median equity allocation is about 90% for investors and 80% for non-investors. Around age 45, it is about 80% for investors and 70% for non-investors. By age 65, it is about 60% for investors and 50% for non-investors.