2065 Target Date Retirement Fund | Capital Group

American Funds
2065 Target Date
Retirement Fund®

Set your sights on retirement and beyond.

Select a different fund:      2065   |   2060   |   2055   |   2050   |   2045   |   2040   |   2035   |   2030   |   2025   |   2020   |   2015   |   2010

American Funds 2065 glide path

The fund is designed for investors who plan to retire in, or close to, the year 2065 and begin withdrawing their money.

A glide path is a visual representation of how the investments in each of our funds change over time based on the target retirement date. Depending on the proximity to its target date, the fund will seek to achieve the following objectives to varying degrees: growth, income and conservation of capital. Learn more about the benefits of our glide path.


The target allocations shown are as of January 1, 2020, and are subject to the Target Date Solutions Committee discretion. The funds’ investment adviser anticipates that the funds will invest their assets within a range that deviates no more than 10% above or below these allocations. Underlying funds may be added or removed during the year. Changes in the equity allocation within the underlying equity-income and balanced funds may affect the overall equity exposure in the target date funds. For quarterly updates of fund allocations, visit capitalgroup.com.


Asset mix

The asset mix seeks to balance risk and return over time by diversifying investments across asset types such as stocks and bonds. Stocks have the highest long-term return potential while bonds can help manage the risk of market declines.


 U.S. stocks




 Non-U.S. stocks




 U.S. bonds




 Non-U.S. bonds




 Cash & equivalents




As of 3/31/2020

Cash and equivalents includes short-term securities, accrued income and other assets less liabilities. It may also include investments in money market or similar funds managed by the investment adviser or its affiliates that are not offered to the public.

For most recent fund statistics, visit capitalgroup.com.

Target allocation

The following identifies allocation by investment objective and the underlying funds for each.






EuroPacific Growth Fund®


The Growth Fund of America®


The New Economy Fund®


New Perspective Fund®


New World Fund®


SMALLCAP World Fund®




American Mutual Fund®


Capital World Growth and Income Fund®


Fundamental Investors®


International Growth and Income Fund℠


The Investment Company of America®


Washington Mutual Investors Fund℠




American Balanced Fund®


American Funds Global Balanced Fund℠




U.S. Government Securities Fund®


As of 3/31/2020

For most recent fund statistics, visit capitalgroup.com.

Why target date funds can be a good choice


See how target date funds work and why they may be the right choice for you. 


 For fund results or for information about your retirement plan, talk with your plan provider or employer, or visit your plan’s website.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. 

Each target date portfolio is composed of a mix of underlying funds and is subject to the risks and returns of those funds. Underlying funds may be added or removed during the year. Although the target date portfolios are managed for investors on a projected retirement date time frame, the allocation strategy does not guarantee that investors' retirement goals will be met. The target date is the year that corresponds roughly to the year in which an investor is assumed to retire and begin taking withdrawals. Investment professionals manage the portfolio, moving it from a more growth-oriented strategy to a more income-oriented focus as the target date gets closer. Investment professionals continue to manage each portfolio for approximately 30 years after it reaches its target date. 

Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries. Small-company stocks entail additional risks, and they can fluctuate in price more than larger company stocks. 

The return of principal for bond portfolios and for portfolios with significant underlying bond holdings is not guaranteed. Investments are subject to the same interest rate, inflation and credit risks associated with the underlying bond holdings. Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds. Investments in mortgage-related securities involve additional risks, such as prepayment risk. While not directly correlated to changes in interest rates, the values of inflation-linked bonds generally fluctuate in response to changes in real interest rates and may experience greater losses than other debt securities with similar durations. 

Interests in Capital Group’s U.S. Government Securities portfolios are not guaranteed by the U.S. government.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.

Use of this website is intended for U.S. residents only.

Figures are based on holdings of the underlying funds, if applicable, as of date shown.

Allocation percentages and underlying funds are subject to the oversight committee's discretion and will evolve over time. Underlying funds may be added or removed at any time.