Five major U.S. retirement funds’ Strategy: 401K and IRA allow saving in Bitcoin

The New York State Common Retirement Fund, the Texas Teachers Retirement System, the Ohio Retirement Pension, the California Public Employees’ Retirement System (CalPERS), and the Louisiana Retirement Plan have all disclosed in recent official reports that they indirectly gain Bitcoin exposure by holding shares of Strategy (formerly MicroStrategy). U.S. regulators have allowed Bitcoin to be directly allocated in 401(k) and IRA accounts, officially making it a retirement savings option.

Confirmed Holdings of Five Major U.S. Public Retirement Funds

Based on the recent official disclosures by each fund, the following institutions have indirectly obtained Bitcoin exposure through Strategy shares:

New York State Common Retirement Fund: Recently increased holdings of Strategy shares

Texas Teachers Retirement System: Recently increased holdings of Strategy shares

Ohio Retirement Pension: Disclosed Strategy holdings

California Public Employees’ Retirement System (CalPERS): Disclosed Strategy holdings

Louisiana Retirement Plan: Disclosed Strategy holdings

These institutions’ asset allocations typically use investment horizons of 20 to 30 years and require a strict approval process. Institutional decision-making itself represents an allocation choice validated by institutional procedures.

Retirement Calculation Model: The 4% Rule, a 4.41 BTC Scenario, and Available Tools

(Source: DBATTAGLIAYtube)

The 4% rule studied by the Trinity College: in a traditional investment portfolio, to generate $100k in retirement income each year, you need to accumulate $2.5 million in principal. Bitcoin retirement calculations use the same baseline and apply different asset valuation assumptions.

The 6–8% withdrawal rate model discussed at Bitcoin 2026: based on Bitcoin’s historical appreciation, some models use a flexible withdrawal rate of 6% to 8%. Using this framework, if Bitcoin reaches a specific price level in 2030, a 35-year-old investor would need to hold at least 4.41 BTC in order to generate $100k in annual收益 (adjusted for inflation).

Public calculation tools: Unchained’s Bitcoin retirement calculator and Bitcoin Well both allow users to customize monthly contribution amounts, inflation rates, and asset growth assumptions, simulating personalized retirement scenarios.

Confirmed Risk Factors and Expert Guidance on Allocation Caps

In prior market cycles, Bitcoin has recorded drawdowns exceeding 70%. This volatility structurally conflicts with the requirement for stable month-to-month fixed spending in traditional retirement plans. Former Standard Chartered analyst Jeffrey Kendrick issued a market volatility warning in the first quarter of 2026.

The following confirmed recommendations have been made by Motley Fool and multiple financial planners for investors nearing retirement:

Allocation cap: 1% to 5% (adjusted according to individual circumstances) Near-retirees should keep their Bitcoin allocation within 1% to 5% of the total investment portfolio; those more than 10 years from retirement may consider a higher allocation within their ability to bear risk.

Confirmed risk-mitigation strategies: HODL long-term (without selling), Bitcoin collateral loans (access liquidity without liquidating positions, while also avoiding some tax events), and a flexible withdrawal mechanism that adjusts withdrawal amounts based on annual asset performance.

Frequently Asked Questions

Which U.S. retirement funds have publicly disclosed Bitcoin-related holdings?

According to recent official reports, the disclosed funds include: the New York State Common Retirement Fund, the Texas Teachers Retirement System, the Ohio Retirement Pension Plan, the California Public Employees’ Retirement System (CalPERS), and the Louisiana Retirement Pension Plan. All of the above funds obtain Bitcoin exposure indirectly by holding Strategy shares, and none directly hold Bitcoin spot.

What assumptions are used for the 4.41 BTC retirement scenario?

This calculation uses the 6–8% flexible withdrawal rate model discussed at Bitcoin 2026, with a specific Bitcoin valuation benchmark for 2030. The goal is to generate $100k in annual收益 (inflation-adjusted). The specific number varies depending on the withdrawal rate and Bitcoin valuation assumptions used; the Unchained and Bitcoin Well calculators let users input custom assumptions for the scenario.

Why do experts recommend limiting a Bitcoin allocation to within 5% for investors nearing retirement?

In earlier cycles, Bitcoin experienced drawdowns of more than 70%, while retirement plans require a stable base for monthly spending. Institutions such as Motley Fool recommend an upper limit of 1% to 5%, aiming to capture opportunities for potential Bitcoin appreciation while controlling the impact of downside risk on overall retirement assets. The closer you are to retirement, the less time you have to absorb market-cycle volatility.