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In observance of the Christmas Day federal holiday, the New York Stock Exchange and Capital Group’s U.S. offices will close early on Tuesday, December 24 and will be closed on Wednesday, December 25. On December 24, the New York Stock Exchange (NYSE) will close at 1 p.m. (ET) and our service centers will close at 2 p.m. (ET)

American Funds
2015 Target Date
Retirement Fund

Set your sights on retirement and beyond.

Select a different fund:   2070   |    2065   |   2060   |   2055   |   2050   |   2045   |   2040   |   2035   |   2030   |   2025   |   2020   |   2015   |   2010

American Funds 2015 glide path

The fund is designed for investors who are assumed to retire in, or close to, the year 2015 and begin taking withdrawals.

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.

This layer chart shows the glide path — the allocation of the mix of underlying funds over time — from age 20 to age 95. The five categories of underlying funds are: growth funds, growth-and-income funds, equity-income funds, balanced funds and fixed income funds. The chart shows that at age 20, the greatest allocation is to growth and growth-and-income funds (together, consisting of 85% of total assets), followed by balanced funds (10%) and fixed income funds (5%). As investors age and approach retirement, the allocation to growth and growth-and-income funds declines, and the allocations to equity-income funds, balanced funds and fixed-income funds increase. After retirement, the growth and growth-and-income funds continue to decline, while allocations to fixed income grow substantially. At retirement, growth funds have 6% of assets, growth-and-income funds have 24% of assets, equity-income funds have 13% of assets, balanced funds have 12% of assets and fixed income funds have 45%. The allocation to equity-income funds also grows gradually over the course of retirement. At age 95, there are no allocations to growth funds. Growth-and-income funds have 5% of assets, equity-income funds have 28% of assets, balanced funds have 7% of assets and fixed income funds have 60% of assets.

Target allocations as of December 31, 2023 and are subject to the oversight committee's discretion. Over the course of the year the Series will be implementing changes such as increasing exposure to New World Fund, decreasing American Funds Global Balanced Fund and adding an allocation to American Funds Emerging Markets Bond Fund. For allocations to the underlying funds as of March 31, 2024, visit capitalgroup.com. New target allocations will be reached by December 31, 2024. The investment adviser anticipates assets will be invested within a range that deviates no more than 10% above or below the allocations shown in the prospectus. Underlying funds may be added or removed during the year. 

Asset mix¹

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.

This donut chart shows the percentage of assets allocated to each category as a percentage of the whole.

 U.S. stocks

 30.8%

 Non-U.S. stocks

10.3%

 U.S. bonds

48.3%

 Non-U.S. bonds

6.0%

 Cash & equivalents

4.7%

As of 3/31/2024

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.

One fund. Many benefits.

One fund. Many benefits. (Brochure)

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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. 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. 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 continue to manage each portfolio for approximately 30 years after it reaches its target date.

Target allocation

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

This donut chart shows the percentage of assets allocated to each fund as a percentage of the whole.

 Growth

0.5%

AMCAP Fund®

0.2%

American Funds Global Insight Fund℠

 0.3%

 Growth-and-income

20.4%

American Mutual Fund®

6.0%

Capital World Growth and Income Fund®

5.0%

Fundamental Investors®

 2.2%

The Investment Company of America®

3.0%

Washington Mutual Investors Fund℠

4.2%

 Equity-income

18.9%

Capital Income Builder®

 6.0%

The Income Fund of America®

 12.9%

 Balanced

11.2%

American Balanced Fund®

7.2%

American Funds Global Balanced Fund℠

 4.0%

 Bond

 41.3%

American Funds Inflation Linked Bond Fund®

7.9%

American Funds Mortgage Fund®

5.9%

American High-Income Trust®

3.1%

The Bond Fund of America®

8.8%

Capital World Bond Fund®

2.0%

Intermediate Bond Fund of America®

8.5%

Short-Term Bond Fund of America®

4.2%

U.S. Government Securities Fund®

0.9%

As of 3/31/2024

For most recent fund statistics, visit capitalgroup.com.

Why target date funds can be a good choice

(2:31)

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.
Investments in mortgage-related securities involve additional risks, such as prepayment risk.
The use of derivatives involves a variety of risks, which may be different from, or greater than, the risks associated with investing in traditional securities, such as stocks and bonds.
Interests in Capital Group's U.S. Government Securities portfolios are not guaranteed by the U.S. government.
Lower rated bonds are subject to greater fluctuations in value and risk of loss of income and principal than higher rated bonds.
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.
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.
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.
Allocations may not achieve investment objectives. The portfolios' risks are related to the risks of the underlying funds as described herein, in proportion to their allocations.
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. 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. 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 continue to manage each portfolio for approximately 30 years after it reaches its target date.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Portfolios are managed, so holdings will change.
Totals may not reconcile due to rounding.
  1. Figures are based on holdings of the underlying funds, if applicable, as of date shown.
Use of this website is intended for U.S. residents only.
Capital Client Group, Inc.
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.