PAOFX Performance — T. Rowe Price Target 2050 Fund, Advisor Class
Data updated: 2026-08-12
PAOFX returned +10.35% year to date and +24.67% over one year to May 2026. Annualised returns are +18.37% over 3 years and +8.32% over 5 years. The fund beat its Target-Date category average: $100 invested three years ago grew to $166, against $155 for the category, and to $125 over one year, against $121. Volatility over the past three years was 11.63% a year. In the 12 months to May 2026 the fund lost a net $27.5M, and assets reached $426.92M.
PAOFX Growth of $100
What $100 invested in T. Rowe Price Target 2050 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | PAOFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $125 | $121 |
| 3 years (Jun 2023 – May 2026) | $166 | $155 |
| 5 years (Jun 2021 – May 2026) | $149 | $144 |
| Since data start (Sep 2019 – May 2026) | $210 | $187 |
PAOFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.35% |
| 1 year | +24.67% |
| 3 years (annualised) | +18.37% |
| 5 years (annualised) | +8.32% |
PAOFX Annual Returns
Calendar-year total returns of T. Rowe Price Target 2050 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +10.35% |
| 2025 | +17.79% |
| 2024 | +13.31% |
| 2023 | +19.70% |
| 2022 | −19.21% |
| 2021 | +16.11% |
| 2020 | +17.65% |
| 2019 (Sep–Dec) | +7.91% |
PAOFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.4% | +2.5% | −6.6% | +7.9% | +3.3% | — | — | — | — | — | — | — |
| 2025 | +3.4% | −0.3% | −2.8% | −0.3% | +4.4% | +3.6% | +0.5% | +2.8% | +2.9% | +1.2% | +0.8% | +0.7% |
| 2024 | 0.0% | +4.3% | +3.4% | −3.4% | +3.9% | +0.9% | +2.1% | +2.2% | +1.5% | −2.1% | +4.0% | −3.8% |
| 2023 | +6.9% | −2.8% | +2.1% | +1.2% | −1.0% | +5.4% | +3.5% | −2.5% | −4.0% | −2.8% | +8.1% | +5.0% |
| 2022 | −5.3% | −2.5% | +1.0% | −7.9% | +0.1% | −7.4% | +6.3% | −3.8% | −8.5% | +5.7% | +7.1% | −4.2% |
| 2021 | −0.1% | +3.4% | +2.0% | +4.0% | +1.2% | +1.1% | +0.5% | +2.4% | −3.7% | +4.5% | −2.8% | +2.9% |
| 2020 | −0.6% | −5.9% | −13.6% | +10.1% | +5.0% | +2.8% | +4.8% | +4.8% | −2.6% | −1.0% | +10.9% | +4.3% |
| 2019 | — | — | — | — | — | — | — | — | +1.0% | +1.5% | +2.5% | +2.8% |
PAOFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 11.63%
- 3-year Sharpe ratio: 1.19 (vs 4.5% risk-free rate)
- Best month: +8.10% (Nov 2023)
- Worst month: −6.57% (Mar 2026)
PAOFX Fund Flows
Monthly money in and out of T. Rowe Price Target 2050 Fund, from SEC Form N-PORT.
- 12-month net flow: −$27.5M
- 12-month gross sales (incl. reinvestments): $87.8M
- Sales ÷ redemptions: 0.76×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $4.4M | $18.6M | −$14.2M |
| Apr 2026 | $6.2M | $6.9M | −$749K |
| Mar 2026 | $7.0M | $4.6M | $2.4M |
| Feb 2026 | $6.2M | $6.4M | −$184K |
| Jan 2026 | $5.3M | $9.2M | −$3.9M |
| Dec 2025 | $24.6M | $3.4M | $21.3M |
| Nov 2025 | $5.4M | $4.2M | $1.2M |
| Oct 2025 | $5.3M | $2.8M | $2.5M |
| Sep 2025 | $5.8M | $13.9M | −$8.0M |
| Aug 2025 | $6.9M | $22.5M | −$15.6M |
| Jul 2025 | $5.1M | $16.6M | −$11.5M |
| Jun 2025 | $5.5M | $6.2M | −$727K |
PAOFX Assets Under Management
Net assets of T. Rowe Price Target 2050 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $426.92M |
| 2026-02-28 | $421.58M |
| 2025-11-30 | $396.32M |
| 2025-08-31 | $381.90M |
| 2025-05-31 | $382.41M |
| 2025-02-28 | $390.18M |
| 2024-11-30 | $390.85M |
| 2024-08-31 | $374.29M |
| 2024-05-31 | $358.13M |
| 2024-02-29 | $345.69M |
| 2023-11-30 | $306.66M |
| 2023-08-31 | $298.62M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.