Vanguard Target Retirement 2065 Fund
Figures last verified October 31, 2026
Glide-path fund of four Vanguard index funds, currently around 90% stocks / 10% bonds.
The 2065 fund exists because compounding rewards the people with the least money and the most time, and somebody graduating today will retire around when this fund lands. The portfolio is the standard far-dated recipe — roughly 90% global stock indexes — and will be for decades; choosing between 2060, 2065, and 2070 vintages is choosing a label, not a strategy.
If there's one thing to tell a brand-new investor holding this fund, it's about the denominator: in year one, your contribution rate matters hundreds of times more than your fund's expense ratio or allocation. VLXVX's job is to make the investment decision permanently solved so every ounce of attention goes to the savings rate. It does that job about as well as anything sold.
The youngest savers — first job, first 401(k), longest runway.
VLXVX alternatives & comparable funds
If you’re weighing VLXVX 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 |
|---|---|---|---|
| VLXVX — Vanguard Target Retirement 2065 Fund | Vanguard | 0.08% | $1,000 |
| VTTSX — Vanguard Target Retirement 2060 Fund | Vanguard | 0.08% | $1,000 |
| VFFVX — Vanguard Target Retirement 2055 Fund | Vanguard | 0.08% | $1,000 |
| FDKLX — Fidelity Freedom Index 2060 Fund | Fidelity | 0.12% | $0 |
Frequently asked questions
What is the expense ratio of VLXVX?
VLXVX (Vanguard Target Retirement 2065 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 VLXVX?
VLXVX requires a minimum initial investment of $1,000.
What does VLXVX invest in?
Glide-path fund of four Vanguard index funds, currently around 90% stocks / 10% bonds. It falls in the target-date category and is a target-date fund.
What are good alternatives to VLXVX?
The funds most often compared with VLXVX are VTTSX, VFFVX, FDKLX — 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 VLXVX drawn from Vanguard fund documentation; last verified October 31, 2026. Figures change — confirm against the official prospectus before investing. This review is editorial opinion, not investment advice.