A forged crankshaft assembly for an engine, and a method of manufacturing the same, has a forged crankshaft and a removable counterweight to provide access for core drilling or milling a cavity. The forged crankshaft has a pin bearing journal, a main bearing journal, a first crank arm supporting the pin bearing journal, a second crank arm supporting the pin bearing journal and connecting the pin bearing journal and the main bearing journal, and at least one milled crank arm cavity formed within at least a portion of the second crank arm. The removable counterweight extends radially outward from the first crank arm, wherein the crank arm cavity is configured to be accessible to a core drill or mill cutter only when the removable counterweight is removed from the first crank arm and inaccessible to the core drill or mill cutter when the removable counterweight is coupled to the first crank arm.