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