All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

VFORX: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

VFORX real return snapshot: after CPI-U inflation, VFORX returned +14.43% over the past year and +8.48% YTD, with dividends reinvested. Since Jun. 7, 2006, VFORX is up +209.65% in real purchasing-power return, or +5.76%/yr, and is currently at its real total-return high.

Data ending Thu Aug. 13, 2026

Growth of $10,000

Wed 2006-06-07💬 to Thu 2026-08-13 Overall
Return 		Exponential
Trendline
VFORX × 		+209.65%
+5.76%/yr 		+6.02%/yr
R2=0.882
Vanguard Target Retirement 2040 Fund Investor Shares Mutual Fund

Growth of $10,000 Summary

Wed 2006-06-07💬 to Thu 2026-08-13 Start
Value 		End
Value
VFORX × 		$10,000.00
2006-06-07 		$30,964.55
2026-08-13

This Year’s Performance

through 2026-08-13

  YTD YoY
VFORX × 		+8.48% +14.43%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
VFORX × 		—
on 2026-08-13 		−52.48%
on 2009-03-09
from 2007-10-09 peak

Rolling Returns

Period ending Thu 2026-08-13 1 yr 2 yr 3 yr 5 yr 10 yr
VFORX × 		+14.43% +29.86%
+13.96%/yr 		+46.25%
+13.51%/yr 		+22.93%
+4.21%/yr 		+96.75%
+7.00%/yr

Annual Returns

Year VFORX
2026 (YTD) +8.48%
2025 +15.67%
2024 +9.70%
2023 +14.51%
2022 −22.04%
2021 +7.02%
2020 +13.93%
2019 +21.10%
2018 −9.05%
2017 +18.22%
2016 +6.52%
2015 −2.28%
2014 +6.35%
2013 +22.52%
2012 +13.57%
2011 −5.34%
2010 +13.47%
2009 +24.92%
2008 −34.55%
2007 +3.23%
2006 +13.65%