MUTUAL FUNDS

Target Retirement Funds

You worked hard to save for retirement. Now choose a fund that works just as hard as you.

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Vanguard Target Retirement Funds give you a straightforward approach to a sophisticated problem: how to invest successfully for retirement.

Each fund is designed to manage risk while helping to grow your retirement savings. The minimum investment per Target Retirement Fund is $1,000.

Less risk through diversification

Each of the Target Retirement Funds invests in Vanguard's broadest index funds, giving you access to thousands of U.S. and international stocks and bonds.

Professionally managed asset mix

The funds' managers gradually shift each fund's asset allocation to fewer stocks and more bonds so the fund becomes more conservative as you get closer to retirement.

Automatic rebalancing

Managers maintain the current target mix, freeing you from the hassle of ongoing rebalancing.

Low costs

The average Vanguard Target Retirement Fund expense ratio is 78% less than the industry average.*

When you're paying less for your funds, more money stays in your account working for you.

Which Target Retirement Fund fits your timeline?

Use our table to find the fund that best fits you.

Fund name
VLXVX
Target retirement 2065

Birth year
1998-2003

Years to retirement
About 45 more years

Risk potential
4


Fund name
VTTSX
Target retirement 2060

Birth year
1993-1997

Years to retirement
About 40 more years

Risk potential
4


Fund name
VFFVX
Target retirement 2055

Birth year
1988-1992

Years to retirement
About 35 more years

Risk potential
4


Fund name
VFIFX
Target retirement 2050

Birth year
1983-1987

Years to retirement
About 30 more years

Risk potential
4


Fund name
VTIVX
Target retirement 2045

Birth year
1978-1982

Years to retirement
About 25 more years

Risk potential
4


Fund name
VFORX
Target retirement 2040

Birth year
1973-1977

Years to retirement
About 20 more years

Risk potential
4


Fund name
VTTHX
Target retirement 2035

Birth year
1968-1972

Years to retirement
About 15 more years

Risk potential
4


Fund name
VTHRX
Target retirement 2030

Birth year
1963-1967

Years to retirement
About 10 more years

Risk potential
4


Fund name
VTTVX
Target retirement 2025

Birth year
1958-1962

Years to retirement
About 5 more years

Risk potential
3


Fund name
VTWNX
Target retirement 2020

Birth year
1953-1957

Years to retirement
In retirement

Risk potential
3


Fund name
VTINX
Vanguard Target Retirement Income Fund

Birth year
Before 1948

Years to retirement
In retirement

Risk potential
2

Which Target Retirement Fund fits your timeline?

Use our table to find the fund that best fits you.

Fund name Birth year Years to retirement Risk potential
VLXVX
Target retirement 2065
1998-2003 About 45 more years 4
VTTSX
Target retirement 2060
1993-1997 About 40 more years 4
VFFVX
Target retirement 2055
1988-1992 About 35 more years 4
VFIFX
Target retirement 2050
1983-1987 About 30 more years 4
VTIVX
Target retirement 2045
1978-1982 About 25 more years 4
VFORX
Target retirement 2040
1973-1977 About 20 more years 4
VTTHX
Target retirement 2035
1968-1972 About 15 more years 4
VTHRX
Target retirement 2030
1963-1967 About 10 more years 4
VTTVX
Target retirement 2025
1958-1962 About 5 more years 3
VTWNX
Target retirement 2020
1953-1957 In retirement 3
VTINX
Vanguard Target Retirement Income Fund
Before 1948 In retirement 2

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Ready to invest in a mutual fund?

New to Vanguard or looking to consolidate your savings?


Already a Vanguard client? Log in to view your account.

Ready to invest in a mutual fund?

New to Vanguard or looking to consolidate your savings?


Already a Vanguard client? Log in to view your account.

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*Vanguard Target Retirement Funds average expense ratio: 0.11%. Industry average expense ratio for comparable target-date funds: 0.49%. All averages are asset-weighted. Industry averages exclude Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2021.

Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the workforce. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in a Target Retirement Fund is not guaranteed at any time, including on or after the target date.

These fund suggestions are based on an estimated retirement age of approximately 65. Should you choose to retire significantly earlier or later, you may want to consider a fund with an asset allocation more appropriate to your particular situation.

All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss. Investments in bonds are subject to interest rate, credit, and inflation risk.

For more information about Vanguard mutual funds and ETFs, visit Vanguard mutual fund prospectuses or Vanguard ETF prospectuses to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.