Schwab Target 2060 Index Fund
Figures last verified October 31, 2026
All-index target-date fund de-risking toward 2060; currently ~90% global equities for the long haul.
A complete global portfolio, professionally maintained for forty years, for eight basis points and a one-dollar opening bid — SWYNX is a strong nominee for the lowest-barrier serious investment in America. The far-dated allocation is the usual ~90% world equity, and like all far-dated funds it won't meaningfully change for a decade-plus.
For a new investor choosing among the 2060 funds, here's the entire decision tree: Where are your accounts? Use that family's index target-date series. Is the word 'Index' in the fund name (Fidelity's trap)? Good. Now automate a contribution and close the tab. Everything else — Schwab vs. Vanguard glide-path nuance, eight versus twelve basis points — is hobbyist material, and this fund's owners have wisely chosen not to have this hobby.
Young Schwab investors who want to start with literally one dollar.
SWYNX alternatives & comparable funds
If you’re weighing SWYNX against the field, these are the funds most investors line it up against — same job, different provider, slightly different terms.
| Fund | Family | Expense Ratio | Minimum |
|---|---|---|---|
| SWYNX — Schwab Target 2060 Index Fund | Schwab | 0.08% | $1 |
| VTTSX — Vanguard Target Retirement 2060 Fund | Vanguard | 0.08% | $1,000 |
| FDKLX — Fidelity Freedom Index 2060 Fund | Fidelity | 0.12% | $0 |
| SWYMX — Schwab Target 2050 Index Fund | Schwab | 0.08% | $1 |
Frequently asked questions
What is the expense ratio of SWYNX?
SWYNX (Schwab Target 2060 Index Fund) has an expense ratio of 0.08%, which works out to roughly $8 per year for every $10,000 invested. That is very low by industry standards, where the average fund still charges well over 0.40%.
What is the minimum investment for SWYNX?
SWYNX requires a minimum initial investment of $1.
What does SWYNX invest in?
All-index target-date fund de-risking toward 2060; currently ~90% global equities for the long haul. It falls in the target-date category and is a target-date fund.
What are good alternatives to SWYNX?
The funds most often compared with SWYNX are VTTSX, FDKLX, SWYMX — broadly similar exposure from different providers, with small differences in fee, minimum, and portability that usually come down to which brokerage holds your account.
Expense ratio and minimum for SWYNX drawn from Schwab fund documentation; last verified October 31, 2026. Figures change — confirm against the official prospectus before investing. This review is editorial opinion, not investment advice.