TBLKX Performance — T. Rowe Price Retirement Blend 2045 Fund, I Class
Data updated: 2026-08-12
TBLKX returned +11.32% year to date and +27.56% over one year to May 2026. The annualised 3-year return is +20.16%. The fund beat its Target-Date category average: $100 invested three years ago grew to $174, against $155 for the category, and to $128 over one year, against $121. Volatility over the past three years was 12.08% a year. In the 12 months to May 2026 the fund took in a net $806.4M, and assets reached $1.55B.
TBLKX Growth of $100
What $100 invested in T. Rowe Price Retirement Blend 2045 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Target-Date category average over the same months.
| Period | TBLKX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $128 | $121 |
| 3 years (Jun 2023 – May 2026) | $174 | $155 |
| Since data start (Jul 2021 – May 2026) | $157 | $143 |
TBLKX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +11.32% |
| 1 year | +27.56% |
| 3 years (annualised) | +20.16% |
TBLKX Annual Returns
Calendar-year total returns of T. Rowe Price Retirement Blend 2045 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +11.32% |
| 2025 | +19.96% |
| 2024 | +14.78% |
| 2023 | +20.84% |
| 2022 | −18.14% |
| 2021 (Jul–Dec) | +3.78% |
TBLKX 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 | +3.5% | +2.2% | −6.4% | +8.3% | +3.8% | — | — | — | — | — | — | — |
| 2025 | +3.5% | −0.4% | −3.2% | 0.0% | +4.9% | +4.0% | +0.7% | +3.1% | +3.2% | +1.5% | +0.6% | +0.8% |
| 2024 | 0.0% | +4.3% | +3.5% | −3.7% | +4.2% | +1.1% | +2.4% | +2.2% | +1.8% | −2.1% | +4.3% | −3.7% |
| 2023 | +7.2% | −2.8% | +2.2% | +1.1% | −1.0% | +5.8% | +3.5% | −2.6% | −4.2% | −2.8% | +8.3% | +5.3% |
| 2022 | −5.1% | −2.5% | +1.5% | −7.9% | +0.3% | −7.8% | +6.8% | −3.7% | −8.9% | +6.3% | +7.3% | −4.3% |
| 2021 | — | — | — | — | — | — | −0.3% | +2.5% | −3.8% | +4.9% | −2.6% | +3.4% |
TBLKX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 12.08%
- 3-year Sharpe ratio: 1.30 (vs 4.5% risk-free rate)
- Best month: +8.34% (Nov 2023)
- Worst month: −6.39% (Mar 2026)
TBLKX Fund Flows
Monthly money in and out of T. Rowe Price Retirement Blend 2045 Fund, from SEC Form N-PORT.
- 12-month net flow: $806.4M
- 12-month gross sales (incl. reinvestments): $974.3M
- Sales ÷ redemptions: 5.80×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $301.6M | $14.2M | $287.4M |
| Apr 2026 | $42.2M | $16.2M | $26.0M |
| Mar 2026 | $30.6M | $14.5M | $16.1M |
| Feb 2026 | $95.3M | $16.6M | $78.7M |
| Jan 2026 | $132.3M | $20.7M | $111.7M |
| Dec 2025 | $123.0M | $12.9M | $110.1M |
| Nov 2025 | $43.4M | $10.2M | $33.1M |
| Oct 2025 | $39.7M | $14.8M | $24.8M |
| Sep 2025 | $65.2M | $12.2M | $53.0M |
| Aug 2025 | $32.9M | $17.9M | $15.0M |
| Jul 2025 | $40.4M | $9.7M | $30.7M |
| Jun 2025 | $27.7M | $7.8M | $19.9M |
TBLKX Assets Under Management
Net assets of T. Rowe Price Retirement Blend 2045 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.55B |
| 2026-02-28 | $1.15B |
| 2025-11-30 | $807.66M |
| 2025-08-31 | $658.45M |
| 2025-05-31 | $547.23M |
| 2025-02-28 | $460.51M |
| 2024-11-30 | $334.10M |
| 2024-08-31 | $266.51M |
| 2024-05-31 | $222.79M |
| 2024-02-29 | $153.21M |
| 2023-11-30 | $119.11M |
| 2023-08-31 | $100.98M |
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.