Skip to main content

Retirement income funds: A payout solution

If you want your retirement withdrawals to be as easy as possible, consider Vanguard Managed Payout Fund.

Keep control of your money, get regular payments

Vanguard Managed Payout Fund* is designed to give you regular monthly payments that, over time, keep pace with inflation. Because the fund also seeks to avoid drawing down your principal, your initial payment amount is based on an annual withdrawal of 4% of the money you invest.**

The Managed Payout Fund could be right for you if you:

  • Want to balance the income you receive with the protection of your principal—for example, if you plan to leave a legacy.
  • Want a consistent amount automatically withdrawn and sent to you monthly.

But keep in mind that another solution may be better if you think you'll need to withdraw varying amounts of money during retirement or if you need your initial withdrawal rate to be set higher or lower than 4%.

Need help?

Spending your savings can be a lot more complicated than building them up. And many decisions you make at this stage are difficult or impossible to reverse. We can help you make sure you're doing the right things.

Buy Managed Payout Fund

We're here to help

Talk with one of our investment specialists.

Call 888-499-9792

Monday to Friday
8 a.m. to 10 p.m., Eastern time

Use our handy tools

You've been saving your whole life. Will it be enough to last you through retirement?

Roll over your retirement money

Did you leave retirement savings behind at an old job? Get more flexibility and easier money management.

See how an advisor can make the most of your money

We can answer your questions, help you earn more during retirement, and give you the confidence that you're doing everything you should.


Layer opened.


The amount of money originally put into an investment—i.e., the money in the account minus earnings.

Layer opened.


The interest and dividends generated by an investment.