T. Rowe Price Retirement Blend Funds, the T. Rowe Price Retirement Trusts and T. Rowe Price Retirement Blend Trusts
A solution for every path
Historically strong performance over the long term
Evolving strategies with new insights
Celebrating two decades of target date leadership
We understand every retirement journey is unique and people’s goals and preferences change. Our target date solutions are built to seek strong outcomes amid the evolving landscape of retirement planning. The Retirement and Target series’ allocation to stocks and bonds adjusts over time, aiming to balance risk and growth potential up to and through retirement. These adjustments are known as the glide path.
Retirement Glide Path
Designed to help support growth and income for a long retirement
Professionally managed
Built on rigorous research
Sophisticated, yet simplified solution
Globally diversified
Multiple vehicle options
Target Glide Path
Focused on managing volatility around retirement and helping support income in retirement
Our history of managing custom solutions dates back to 1996.
We welcome a conversation if you think your participants will benefit from a custom solution.
Our target date solutions seek to deliver competitive returns and value while keeping investor priorities at the forefront. The Retirement Series places emphasis on growth through retirement. The Target Series takes a more moderate approach to manage volatility near retirement.
Whether at retirement or with many years to go until retirement, historically T. Rowe Price Retirement Fund investors have experienced strong performance after fees, even accounting for periods of volatility.
Here’s how the hypothetical growth of $100,000 invested in the T. Rowe Price Retirement 2020 and 2040 Funds (after fees) compares to S&P 2020 and 2040 Target Date Index since fund inception.
(Investor Class, as of December 31, 2023)
Performance data quoted represents past performance and is not a reliable indicator of future performance. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month‐end performance, visit troweprice.com.
Chart shows growth of $100,000 hypothetical investment since fund inceptions on September 30, 2002 through the date above. Investors cannot invest directly in an index. Figures include changes in principal value with dividends reinvested. Source: S&P Dow Jones Indices LLC.
See Important information about performance below for complete details.
T. Rowe Price Target Funds have helped manage volatility for investors at retirement (Target 2020 Fund) and near retirement (Target 2025 Fund).
Here’s how the upside/downside capture of the T. Rowe Price Target 2020 and 2025 Funds (after fees) compared to the S&P Target Date Index.
(Investor Class, as of December 31, 2023)
What is upside/downside capture?
Upside and downside capture are measures, by percentage, of how well a fund performed compared with an index during times of market growth or market downturns, respectively. A higher upside capture and lower downside capture can result in better returns for investors.
Performance data quoted represents past performance and is not a reliable indicator of future performance. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. To obtain the most recent month‐end performance, visit troweprice.com.
Source: Morningstar Direct. See Important information about performance below for complete details.
High rankings based on long-term results
With some of the highest Morningstar rankings over 10- and 15-year periods, our longest-running Retirement Funds (Investor Class) have delivered strong results.
T. Rowe Price Retirement Funds (Investor Class) Morningstar Rankings
Past performance cannot guarantee future results. Data as of December 31, 2023. The Morningstar percentile ranking is based on a fund’s total return relative to all funds in the respective Morningstar US Fund Target Date category for the period. The highest (or most favorable) percentile rank is 1%, and the lowest (or least favorable) percentile rank is 100%. The top-performing funds in a category will always receive a rank of 1. Results will vary for other periods, and all funds are subject to market risk. For other time periods, see below.
The driving forces behind successful retirements are countless and always changing.
Our commitment to research gives us a deep understanding of evolving markets, demographics, and investor actions. And our strategic design means we build solutions that take this data into account.
We continually refine our thinking—and our solutions—with investors' best outcomes in mind.
Even before launching our first Retirement Funds in 2002, we were dedicated to designing solutions to meet unique and evolving retirement goals. Steeped in research, informed by experience, and driven by an unwavering commitment to do what is best for our clients, our target date solutions are built to put clients on their best path to retirement.
A history of client-driven innovation
Our commitment to research gives us a deep understanding of evolving markets, demographics, and participant actions. Our research and modeling are grounded in real-world data that leads to the strategic design of our solutions.
MAY 2023 / COLLECTION
For two decades, target date investing has been central to what we do. We are devoted to helping your participants close the gap between what they need and what they save for retirement.
$400+ Billion
Target date assets under management
20 Years
Of target date innovation
40+
Professionals dedicated to the research and development of our target date solutions
Explore a target date fund with a gold rating by Morningstar.
T. Rowe Price Retirement Blend Funds, the T. Rowe Price Retirement Trusts and T. Rowe Price Retirement Blend Trusts
Morningstar Medalist Rating™
Analyst Driven: 100.0%
Data Driven: 100.0%
Gold Morningstar Medalist Rating for the T. Rowe Price Retirement Blend Funds, the T. Rowe Price Retirement Trusts and T. Rowe Price Retirement Blend Trusts.
T. Rowe Price Target Funds—I Class
Morningstar Medalist Rating™
Analyst Driven: 55.0%
Data Driven: 100%
Gold Morningstar Medalist Rating for the T. Rowe Price Target Funds—I Class.* The T. Rowe Price Target Funds, Investor Class received a Silver Morningstar Medalist Rating.
Want to know more about T. Rowe Price's target date solutions?