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.
Asset allocation 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 fund designed for your age group is: |
|---|---|
| In 2003 or after | Retirement 2070 Fund |
| 1998 - 2002 | 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.
Asset allocation cannot assure a profit or protect against loss in a declining market.
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.
Curiosity sets our approach apart.
For over 20 years, T. Rowe Price has been helping investors feel retirement certain by asking better questions to help anticipate change. The investments are designed to balance growth and risk, adjusting your asset allocation automatically—so you can focus on what matters to you.
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Portfolio Management Team
Portfolio Managers
Wyatt Lee, CFA
27 years of investment experience
25 years with T. Rowe Price
M.B.A., Washington University
Kim DeDominicis
26 years of investment experience
25 years with T. Rowe Price
M.B.A., New York University
Andrew Jacobs van Merlen, CFA
22 years of investment experience
24 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.
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.
202507-4218663
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