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

Total Real Returns

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

VTIVX real return snapshot: after CPI-U inflation, VTIVX returned +16.75% over the past year and +4.47% YTD, with dividends reinvested. Since Oct. 27, 2003, VTIVX is up +358.33% in real purchasing-power return, or +6.96%/yr, and is currently −2.72% below its real total-return high on Jun. 2, 2026.

Data ending Tue Jun. 9, 2026

Mon 2003-10-27💬 to Tue 2026-06-09 YTD
Return 		1 Year
Return
VTIVX × 		+4.47%
2026-06-09 		+16.75%
2026-06-09
Vanguard Target Retirement 2045 Fund Investor Shares Mutual Fund

Returns

Mon 2003-10-27💬 to Tue 2026-06-09 Overall
Return 		Exponential
Trendline
VTIVX × 		+358.33%
+6.96%/yr 		+6.60%/yr
(R2=0.907)
Vanguard Target Retirement 2045 Fund Investor Shares Mutual Fund

Growth of $10,000

Mon 2003-10-27💬 to Tue 2026-06-09 Start
Value 		End
Value
VTIVX × 		$10,000.00
2003-10-27 		$45,833.01
2026-06-09
Vanguard Target Retirement 2045 Fund Investor Shares Mutual Fund

Annual Returns

Year VTIVX
2026 (YTD) +4.47%
2025 +16.88%
2024 +10.76%
2023 +15.63%
2022 −21.91%
2021 +24.99%
2020 +15.09%
2019 +22.15%
2018 −9.50%
2017 +18.97%
2016 +7.17%
2015 −1.16%
2014 +6.37%
2013 +22.54%
2012 +13.63%
2011 −5.27%
2010 +14.37%
2009 +24.75%
2008 −34.57%
2007 +3.22%
2006 +13.21%
2005 +3.40%
2004 +9.33%
2003 +8.24%

Drawdowns

Mon 2003-10-27💬 to Tue 2026-06-09 Current
Drawdown 		Worst
Drawdown
VTIVX × 		−2.72%
from 2026-06-02 peak 		−52.54%
2009-03-09
from 2007-10-09 peak
Vanguard Target Retirement 2045 Fund Investor Shares Mutual Fund

Rolling Returns

Period ending Tue 2026-06-09 1
Year 		2
Years 		3
Years 		5
Years 		10
Years
VTIVX × 		+16.75% +28.77%
+13.48%/yr 		+46.34%
+13.53%/yr 		+42.88%
+7.40%/yr 		+141.91%
+9.24%/yr
Vanguard Target Retirement 2045 Fund Investor Shares Mutual Fund