PARFX Performance — T. Rowe Price Retirement 2050 Fund, Advisor Class
Data updated: 2026-08-12
PARFX returned +10.90% year to date and +25.92% over one year to May 2026. Annualised returns are +19.17% over 3 years and +8.81% over 5 years. The fund beat its Target-Date category average: $100 invested three years ago grew to $169, against $155 for the category, and to $126 over one year, against $121. Volatility over the past three years was 12.01% a year. In the 12 months to May 2026 the fund lost a net $1.3B, and assets reached $18.51B.
PARFX Growth of $100
What $100 invested in T. Rowe Price Retirement 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 | PARFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $126 | $121 |
| 3 years (Jun 2023 – May 2026) | $169 | $155 |
| 5 years (Jun 2021 – May 2026) | $153 | $144 |
| Since data start (Sep 2019 – May 2026) | $219 | $187 |
PARFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.90% |
| 1 year | +25.92% |
| 3 years (annualised) | +19.17% |
| 5 years (annualised) | +8.81% |
PARFX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement 2050 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +10.90% |
| 2025 | +18.54% |
| 2024 | +13.89% |
| 2023 | +20.49% |
| 2022 | −19.38% |
| 2021 | +17.07% |
| 2020 | +18.33% |
| 2019 (Sep–Dec) | +8.58% |
PARFX 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 | +3.6% | +2.5% | −6.9% | +8.4% | +3.4% | — | — | — | — | — | — | — |
| 2025 | +3.5% | −0.3% | −3.0% | −0.3% | +4.6% | +3.8% | +0.5% | +2.9% | +3.0% | +1.2% | +0.8% | +0.7% |
| 2024 | 0.0% | +4.6% | +3.6% | −3.5% | +4.0% | +1.0% | +2.1% | +2.2% | +1.5% | −2.1% | +4.2% | −3.9% |
| 2023 | +7.1% | −2.8% | +2.1% | +1.2% | −1.0% | +5.6% | +3.6% | −2.5% | −4.1% | −2.8% | +8.2% | +5.1% |
| 2022 | −5.5% | −2.5% | +1.0% | −8.0% | +0.2% | −7.6% | +6.5% | −3.8% | −8.6% | +6.1% | +7.3% | −4.4% |
| 2021 | −0.1% | +3.7% | +2.2% | +4.1% | +1.2% | +1.1% | +0.5% | +2.5% | −3.9% | +4.7% | −2.9% | +3.0% |
| 2020 | −0.8% | −6.4% | −14.2% | +10.8% | +5.2% | +3.1% | +5.1% | +5.1% | −2.8% | −1.1% | +11.4% | +4.5% |
| 2019 | — | — | — | — | — | — | — | — | +1.1% | +1.6% | +2.7% | +3.0% |
PARFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.01%
- 3-year Sharpe ratio: 1.22 (vs 4.5% risk-free rate)
- Best month: +8.40% (Apr 2026)
- Worst month: −6.85% (Mar 2026)
PARFX Fund Flows
Monthly money in and out of T. Rowe Price Retirement 2050 Fund, from SEC Form N-PORT.
- 12-month net flow: −$1.3B
- 12-month gross sales (incl. reinvestments): $3.4B
- Sales ÷ redemptions: 0.73×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $182.2M | $555.6M | −$373.4M |
| Apr 2026 | $210.5M | $387.7M | −$177.2M |
| Mar 2026 | $303.1M | $298.9M | $4.2M |
| Feb 2026 | $265.1M | $270.4M | −$5.2M |
| Jan 2026 | $234.5M | $588.7M | −$354.2M |
| Dec 2025 | $911.4M | $556.2M | $355.3M |
| Nov 2025 | $217.5M | $346.7M | −$129.2M |
| Oct 2025 | $203.9M | $319.3M | −$115.4M |
| Sep 2025 | $270.7M | $431.4M | −$160.6M |
| Aug 2025 | $195.9M | $243.9M | −$48.0M |
| Jul 2025 | $201.1M | $337.1M | −$136.0M |
| Jun 2025 | $220.5M | $349.7M | −$129.2M |
PARFX Assets Under Management
Net assets of T. Rowe Price Retirement 2050 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $18.51B |
| 2026-02-28 | $18.26B |
| 2025-11-30 | $17.74B |
| 2025-08-31 | $17.27B |
| 2025-05-31 | $16.38B |
| 2025-02-28 | $16.17B |
| 2024-11-30 | $16.64B |
| 2024-08-31 | $16.28B |
| 2024-05-31 | $15.59B |
| 2024-02-29 | $14.93B |
| 2023-11-30 | $6.53B |
| 2023-08-31 | $6.62B |
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.