Simply choose the investment with the target date closest to the year you plan to retire (assumed to be age 65). Or make a selection based on the year you were born.
A convenient approach to investing.
The target date investments in your plan, the T. Rowe Price Retirement Funds, are designed to help grow your savings in your working years, becoming increasingly more conservative over time. Each is a single, professionally managed investment that evolves up to and throughout retirement.
Gliding into retirement.
A single target date investment is made up of a combination of stocks and bonds. This means that, whichever you choose, you get a fully diversified portfolio that invests in hundreds or thousands of securities.
The chart below shows how the allocation to stocks and bonds automatically adjusts over time, following an investing approach called a glide path. Each target date investment will continue to evolve up to the target retirement year*, and for 30 years beyond, to help your savings continue working.
*Expected retirement age of 65.
Diversification cannot assure a profit or protect against loss in a declining market.
Which target date investment is right for you?
Depending on your risk tolerance, time horizon, and financial situation, you may consider a Retirement Fund with a different target date.
Each Retirement Fund offers a diversified asset allocation designed for investors who will turn 65 and retire in or near the stated year. This chart can help you understand which Retirement Fund available in your plan is closest to the year you turn 65.
| If you were born... | The trust designed for your age group is: |
|---|---|
| In 1998 or after | Retirement 2065 Fund |
| 1993 - 1997 | Retirement 2060 Fund |
| 1988 - 1992 | Retirement 2055 Fund |
| 1983 - 1987 | Retirement 2050 Fund |
| 1978 - 1982 | Retirement 2045 Fund |
| 1973 - 1977 | Retirement 2040 Fund |
| 1968 - 1972 | Retirement 2035 Fund |
| 1963 - 1967 | Retirement 2030 Fund |
| 1958 - 1962 | Retirement 2025 Fund |
| 1953 - 1957 | Retirement 2020 Fund |
| 1948 - 1952 | Retirement 2015 Fund |
| 1943 - 1947 | Retirement 2010 Fund |
| In 1942 or before | Retirement 2005 Fund |
Depending on your risk tolerance, time horizon, and financial situation, you may consider a Retirement Fund with a different target date. You may change your investment at any time. Contact your plan's recordkeeper.
Your asset allocation.
Funds that are actively managed.
Active investments allow for higher growth potential because experienced professionals are watching the market closely and making adjustments as needed.
Meet the team working behind the scenes every day.
At T. Rowe Price, we are as passionate about retirement as you are about retiring. Our deeply experienced investment team—averaging 22 years in the industry—has a deep understanding of how to navigate market ups and downs and takes a holistic approach to managing the myriad risks that can occur over a lifetime of investing. You can be sure your money is in good hands.
40+
PROFESSIONALS
26
ADVANCED DEGREES
22
CFA® CHARTERHOLDERS
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Portfolio Management Team
Portfolio Managers
Wyatt Lee, CFA
26 years of investment experience
24 years with T. Rowe Price
M.B.A., Washington University
Kim DeDominicis
25 years of investment experience
24 years with T. Rowe Price
M.B.A., New York University
Andrew Jacobs van Merlen, CFA
21 years of investment experience
23 years with T. Rowe Price
M.B.A., University of Cambridge
Continue exploring.
Plan & Learn
A little planning goes a long way. We've compiled a list of practical resources to help you plan for your future.
About T. Rowe Price
Retirement is at the heart of what we do. We offer financial solutions that adjust to needs and life stages—to, through, and beyond retirement.
202405-3529400
You are using an unsupported browser that might prevent you from accessing certain features on our site
We suggest clicking an icon below to download a supported browser.
