Retirement Funds
Bring your retirement into view
Take a step toward your dream retirement with a diversified, professionally managed portfolio that adjusts as your retirement date approaches—all in a single fund.
Curiosity pushes us to create funds that support your future
T. Rowe Price’s Retirement Funds have historically delivered larger balances for retirement investors. Open an account today and select a fund that aligns with your anticipated retirement year.
Which Retirement Fund is right for you?
Simply choose the fund with the target date closest to the year you plan to retire (assumed to be age 65).
Or, pick a fund based on the year you were born.
| If you were born... | You might consider investing in... |
|---|---|
| In 1952 or before | Retirement 2005 Fund, Retirement 2010 Fund, or Retirement 2015 Fund |
| 1953-1967 | Retirement 2020 Fund, Retirement 2025 Fund, or Retirement 2030 Fund |
| 1968-1982 | Retirement 2035 Fund, Retirement 2040 Fund , or Retirement 2045 Fund |
| In 1983 or after | Retirement 2050 Fund, Retirement 2055 Fund, Retirement 2060 Fund , or Retirement 2065 Fund |
Note: Depending on your risk tolerance, time horizon, and financial situation, you may consider a Retirement Fund with a different target date.
Better questions have delivered better outcomes.
T. Rowe Price Retirement Funds.
Each and every T. Rowe Price Retirement Fund with at least 10 years of history has generated a higher balance for investors compared with its corresponding S&P Target Date Index benchmark since launching through September 30, 2024.
The performance data shown is past performance and is no guarantee of future results. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original value. Current performance may be higher or lower than the performance data quoted. To obtain the most recent month‑end performance, visit troweprice.com. Not all investors will obtain these results.
Average annual total return figures include changes in principal value, reinvested dividends, and capital gain distributions.
^Index performance is for illustrative purposes only and is not indicative of any specific investment. Investors cannot invest directly in an index.
*S&P Target Date 2050 Index from Fund inception to 5/31/2008. S&P Target Date 2050 Index 6/1/2008 to 9/30/2024.
**S&P Target Date 2055 Index from Fund inception to 5/31/2009. S&P Target Date 2050 Index 6/1/2009 to 9/30/2024.
The T. Rowe Price Retirement 2065 Fund was omitted from this analysis because it has less than 10 years of performance history.
Curiosity sets our Retirement Fund approach apart
For over 20 years, we’ve been helping investors feel retirement certain by asking better questions to help anticipate change. Our Retirement Funds are designed to balance growth and risk, adjusting your asset allocation automatically—so you can focus on what matters to you.
Diverse by Design
We purposefully select a range of T. Rowe Price mutual funds to provide you with a mix of stocks, bonds, and other assets that work together to help drive better results—all in one place.
Adaptive Approach
Each fund's investment mix automatically adjusts over time, focusing on growth during your working years and becoming more conservative as retirement approaches.
Active Management
Our hands-on approach and real-world research means we seek to ask the right questions to anticipate and respond to change.
Uncompromising Risk Management
Our approach to managing the risks and opportunities over a lifetime of investing is focused on one thing: helping you achieve your retirement goals.
Grow your retirement with us.
Start a new investment
We're here to help you invest confidently for all your goals.
Questions?
Speak with one of our trusted financial consultants.
Monday–Friday, 8 a.m.–8 p.m. ET
Want retirement advice?
We’ll create a plan with your input to help you save for a secure retirement.
All investments are subject to risk, including the possible loss of principal.
The principal value of the Retirement Funds is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The funds’ allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term postretirement withdrawal horizon. The funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons.
The funds’ overall level of risk will directly correspond to the risks of the underlying funds in which it invests. By investing in many underlying funds, the fund has exposure to the risks of different areas of the market, such as the inherent volatility of the equity markets, which may be increased to the extent that the fund invests in small- and mid-cap stocks. Fixed income securities involve interest rate (as rates rise the price of a fixed income security generally falls), credit and pre-payment risks. International investments are subject to special risks including currency fluctuations, social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. No target date fund is considered a complete retirement program and there is no guarantee of principal invested or that any single fund will provide sufficient retirement income at or through retirement.
The “S&P Target Date Index” is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by T. Rowe Price. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). T. Rowe Price’s Products are not sponsored, endorsed, sold, or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P Target Date Index.
T. Rowe Price Investment Services, Inc., distributor, T. Rowe Price mutual funds.
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