Vanguard Target Retirement Funds

The Vanguard Target Retirement Funds offer “one-stop shopping” for those seeking a simple approach to retirement investments.

These funds:

  • Have built-in diversification—by investing in major asset classes such as bonds, US stocks, international stocks, real estate, and commodities—that endeavor to manage risk and performance over time.
  • Are managed to become more conservative as the fund get closer to your retirement date, gradually shifting the fund’s investments from higher-risk to lower-risk investments.
  • Are managed by professionals, whose objectives are to manage your portfolio, with the goal of creating a mix of risk and return appropriate to each stage of your life.
  • Are one of the lowest-fee target-date funds currently available.

The target-date funds are offered in five-year increments. You invest in a fund according to your current age, as follows:

If You Were Born… Your Estimated Retirement Date (Assuming You Retire at Age 65)… Your Target-Date Fund Is… 
12/31/1942 or earlier 2007 Vanguard Target Retirement Income
1/1/1943–12/31/1947 2008–2012 Vanguard Target Retirement 2010
1/1/1948–12/31/1952 2013–2017 Vanguard Target Retirement 2015
1/1/1953–12/31/1957 2018–2022 Vanguard Target Retirement 2020
1/1/1958–12/31/1962 2023–2027 Vanguard Target Retirement 2025
1/1/1963–12/31/1967 2028–2032 Vanguard Target Retirement 2030
1/1/1968–12/31/1972 2033–2037 Vanguard Target Retirement 2035
1/1/1973–12/31/1977 2038–2042 Vanguard Target Retirement 2040
1/1/1978–12/31/1982 2043–2047 Vanguard Target Retirement 2045
1/1/1983–12/31/1987 2048–2052 Vanguard Target Retirement 2050
1/1/1988–12/31/1992 2053–2057 Vanguard Target Retirement 2055
1/1/1993 or later 2058 or later Vanguard Target Retirement 2060

A target-date fund can act as your only investment option—or it can be combined with other options, as you see fit.