Vanguard has launched a new target-date fund with young investors in mind.

The Vanguard Target Retirement 2060 Fund will provide age-appropriate exposure to domestic and international stocks and domestic bonds for investors who plan to retire and leave the workforce around 2060, which would put them between 18 and 20 years old.

The fund would allocate 63 percent of its funds to the Vanguard Total Stock Market Index Fund, 27 percent to the Vanguard Total International Stock Index Fund and 10 percent to the Vanguard Total Bond Market II Index Fund.

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