RPFDX Performance — T. Rowe Price Target 2065 Fund, I Class
Data updated: 2026-08-12
RPFDX returned +11.22% year to date and +26.75% over one year to May 2026. Annualised returns are +19.83% over 3 years and +9.33% over 5 years. The fund beat its Target-Date category average: $100 invested three years ago grew to $172, against $155 for the category, and to $127 over one year, against $121. Volatility over the past three years was 12.16% a year. In the 12 months to May 2026 the fund took in a net $1.9M, and assets reached $52.83M.
RPFDX Growth of $100
What $100 invested in T. Rowe Price Target 2065 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | RPFDX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $127 | $121 |
| 3 years (Jun 2023 – May 2026) | $172 | $155 |
| 5 years (Jun 2021 – May 2026) | $156 | $144 |
| Since data start (Oct 2020 – May 2026) | $195 | $171 |
RPFDX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.22% |
| 1 year | +26.75% |
| 3 years (annualised) | +19.83% |
| 5 years (annualised) | +9.33% |
RPFDX Annual Returns
Calendar-year total returns of T. Rowe Price Target 2065 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.22% |
| 2025 | +19.14% |
| 2024 | +14.53% |
| 2023 | +21.06% |
| 2022 | −19.20% |
| 2021 | +18.46% |
| 2020 (Oct–Dec) | +11.08% |
RPFDX 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% | +2.6% | −7.0% | +8.6% | +3.5% | — | — | — | — | — | — | — |
| 2025 | +3.5% | −0.3% | −3.0% | −0.2% | +4.7% | +3.8% | +0.6% | +3.0% | +3.0% | +1.2% | +0.9% | +0.8% |
| 2024 | +0.1% | +4.5% | +3.8% | −3.5% | +4.1% | +1.0% | +2.1% | +2.3% | +1.5% | −2.2% | +4.3% | −3.9% |
| 2023 | +7.2% | −2.9% | +2.3% | +1.2% | −0.9% | +5.7% | +3.6% | −2.5% | −4.0% | −2.8% | +8.3% | +5.2% |
| 2022 | −5.4% | −2.5% | +1.1% | −8.1% | +0.2% | −7.6% | +6.5% | −3.9% | −8.6% | +6.1% | +7.3% | −4.4% |
| 2021 | −0.3% | +3.8% | +2.9% | +4.2% | +1.5% | +0.9% | +0.7% | +2.5% | −3.9% | +4.9% | −3.0% | +3.2% |
| 2020 | — | — | — | — | — | — | — | — | — | −5.7% | +12.4% | +4.8% |
RPFDX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.16%
- 3-year Sharpe ratio: 1.26 (vs 4.5% risk-free rate)
- Best month: +8.57% (Apr 2026)
- Worst month: −6.95% (Mar 2026)
RPFDX Fund Flows
Monthly money in and out of T. Rowe Price Target 2065 Fund, from SEC Form N-PORT.
- 12-month net flow: $1.9M
- 12-month gross sales (incl. reinvestments): $27.1M
- Sales ÷ redemptions: 1.08×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $1.8M | $6.0M | −$4.3M |
| Apr 2026 | $2.0M | $1.6M | $489K |
| Mar 2026 | $2.8M | $1.4M | $1.4M |
| Feb 2026 | $2.8M | $1.3M | $1.5M |
| Jan 2026 | $2.7M | $2.0M | $688K |
| Dec 2025 | $3.7M | $706K | $3.0M |
| Nov 2025 | $1.5M | $1.1M | $463K |
| Oct 2025 | $1.9M | $1.5M | $351K |
| Sep 2025 | $2.1M | $1.1M | $982K |
| Aug 2025 | $1.7M | $2.1M | −$415K |
| Jul 2025 | $2.0M | $5.4M | −$3.4M |
| Jun 2025 | $2.0M | $867K | $1.1M |
RPFDX Assets Under Management
Net assets of T. Rowe Price Target 2065 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $52.83M |
| 2026-02-28 | $52.78M |
| 2025-11-30 | $46.11M |
| 2025-08-31 | $42.09M |
| 2025-05-31 | $41.60M |
| 2025-02-28 | $39.91M |
| 2024-11-30 | $37.36M |
| 2024-08-31 | $32.36M |
| 2024-05-31 | $29.79M |
| 2024-02-29 | $25.66M |
| 2023-11-30 | $20.23M |
| 2023-08-31 | $18.27M |
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.