For the first time, the lower bound shakedown theorem is integrated into a level set based topol-ogy optimization framework to identify lightweight elastoplastic designs. Shakedown is a cyclic elastoplastic behavior in which, upon cycling beyond the elastic limit, the accumulation of plastic strain arrests and purely elastic behavior is recovered. In contrast to most elastoplastic toplogy optimization, the use of a lower bound shakedown limit allows elastoplastic shakedown limits to be rigorously estimated using only the elastic solution. Under small deformations assumptions, this amounts to solving one simple partial differential equation, avoiding the non-linearity associated with plasticity, and thus simplifying the resolution process. Numerical results are provided for several benchmark examples. The results highlight the design performance enhancements attributed to allowing elastoplastic shakedown to occur instead of designing to first yield. In particular, up to 10% reduction in weight is found for the simple structures considered.